BSA Specialist

Cameron Smith & Associates, Inc.; Fayetteville (AR); On-site; USD 65,000 - 85,000; Full time

Job summary

Cameron Smith & Associates, Inc. seeks a Bank Secrecy Act Specialist to monitor suspicious activity and ensure regulatory compliance. Under the supervision of the BSA Officer, you will review accounts, perform CIP/PEP checks, and prepare reports for the BSA Committee and Board of Directors.

You will analyze CTRs and SARs, monitor ATM locations, complete exemption analyses, and assist with annual BSA training. Strong math, communication, and MS Office skills are essential.

Qualifications

• BS degree required; 2+ years of BSA experience strongly preferred.
• Knowledge of bank operations, products and services, and applicable state/federal laws and regulations.
• Proficiency with MS Office and related software tools used by banks.
• Strong math skills and effective verbal and written communication are essential.

Responsibilities

• Monitor suspicious account activity and report findings to ensure policy compliance.
• Review new accounts daily, including CIP review and quarterly PEP/NGO checks.
• Download/review FinCEN reports every two weeks and review OFAC on Jack Henry system.
• Prepare reports for the BSA Committee and Board of Directors as needed.
• Review CTR/SAR activity, CTR exemptions, and conduct quarterly reviews of risk lists and AML alerts.
• Monitor on-premises ATM locations quarterly and review high/medium risk accounts.
• Identify and report suspicious activity daily; conduct large-item transaction monitoring.
• Assist with annual Phase I/II CTR exemption analysis and annual BSA training for the Board.

Skills

Communication

Math skills

Bank operations knowledge

Education

BS degree

Tools

MS Office

Job description

As Bank Secrecy Act, (BSA) Specialist, under the supervision of the BSA Officer, this position monitors suspicious account activity and reports findings as necessary to ensure compliance with Bank policies and procedures.

• Review all new accounts daily for 20% review of CIP and 100% review for Politically Exposes Persons (PEPs), Professional Service Providers (PSPs), Non-governmental, Organizations, Charities (NGOCs) etc., at least quarterly.
• Download and review of FinCEN report every two weeks as well as review OFAC on Jack Henry system.
• Prepare report for BSA Committee which includes all items to be reviewed and/or discussed for each meeting when necessary.
• Assist with preparation of the BSA Report to the Board of Directors including review of Currency Transaction Reports (CTRs), Suspicious Activity Reports (SARs), and CTR exemptions.
• Review BSA Yellow Risk Analysis work lists, AML Alerts work lists and Peer Analysis work lists monthly for new accounts, bi-annually for existing accounts.
• Monitor on-premises ATM locations at least quarterly.
• Review medium and high-risk accounts at least quarterly.
• Detect and report suspicious activity daily.
• Daily monitoring of large item transactions.
• Weekly review and filing of CTR reports.
• Assist with annual Phase I and Phase II CTR exemption analysis.
• Prepare and file SARs as needed and ensure continuation SARs are completed if suspicious activity continues.
• Assist with preparation of annual BSA training for the Board of Directors.

Qualifications include a BS degree with 2(+) years of BSA experience or a combination of education and/or experience. Must have basic knowledge of bank operations, products and services, related state and federal laws and regulations, and other bank operational policies and procedures. Proficient with MS Office and other software programs of diverse functionality used by the bank. Must have strong math skills and effective verbal and written communication skills.