Job Description

SUMMARY

The position of a BSA/AML & OFAC Specialist maintains the responsibility of assisting in all areas of BSA/AML and OFAC operations as needed. The Associate is responsible for reviewing and completing regulatory reporting and recordkeeping duties related to BSA and OFAC. The Associate will maintain a strong knowledge of Bank operations, systems, and regulations in order to identify risks. The individual may perform other specific duties as assigned by the BSA Operations Manager. This individual is expected to gain general knowledge and skill in all areas of BSA as directed.

ESSENTIAL FUNCTIONS

CTR Essential Functions

• Compare FinCEN CTR Report to CTRs completed by branches
• Review CTRs and make any necessary corrections
• Communicate with branch personnel for missing information on incomplete CTRs
• Submit completed CTR batch to FinCEN
• Research and correct acknowledged CTR errors
• Import filing acknowledgements and maintain filed CTR batches
• Assist branch personnel with questions relating to CTRs

CIP/CDD/Beneficial Ownership Essential Functions

• Daily review of new account reports for all product types
• Email branches to request missing CIP, CDD and/or Beneficial Ownership information
• Restrict transaction accounts with missing CIP and/or Beneficial Ownership
• Maintain tracking log for restricted accounts and missing information
• Remove account restrictions and update tracking log after verifying missing information has been entered in teller system
• On a weekly basis, follow-up via email with the branch/department on any outstanding requested information
• Assist branch personnel with questions relating to CIP/CDD and Beneficial Ownership

OFAC – Office of Foreign Assets Control Essential Duties 

• Monitor entire customer base for potential matches – daily
• Assist branches/departments with potential matches
• Meet deadlines for filing annual reports
• Maintain all OFAC compliance

General Functions

• Completes annual compliance courses.
• Adheres specifically to all corporate policies and procedures. Also adheres to Federal and State regulations and laws; including, the Bank Secrecy Act and the Anti-Money Laundering Act.
• Adheres to all levels of our Service Excellence standards.
• As needed assist with ensuring First Bank creates and maintains all records required by BSA and related regulations  

GENERAL QUALIFICATIONS

Knowledge & Experience : These specifications are general guidelines based on the minimum experience normally considered essential to the satisfactory performance of this position. Individual abilities may result in some deviation from these guidelines.

• High school diploma or general education degree (GED) with 3 years BSA/AML/OFAC Compliance, banking experience or the equivalent combination of education and experience.
• Work related experience should consist of duties in a business environment.
• Educational experience, through in-house training sessions, formal school or financial industry related curriculum, should be business or financial industry related.
• Intermediate knowledge of Bank operations and other Bank operational policies and procedures.
• Excellent organizational and time management skills – ability to work with minimal supervision.
• Intermediate skills in computer terminal and personal computer operation; mainframe computer system; word processing, spreadsheet and specialty software programs.

• Exceptional verbal, written and interpersonal communication skills with the ability to apply common sense to carry out instructions and instruct personnel.

Physical Demands/Work Environment: Vision, hearing, speech, dexterity, visual concentration. A valid driver’s license is required. Must have the ability to stand, walk, sit and use hands and fingers. Must have the ability to work the hours and days required to complete the essential functions of the position, as scheduled. The environment is a professional office with standard office equipment.

Cognitive Requirements: Learning, thinking, concentration, ability to exercise self-control, ability to work in a customer relations’ environment. Must be able to pay close attention to detail and be able to work as a member of a team. Must have the ability to interact effectively with co-workers and customers, and exercise self-control and diplomacy in customer and employee relations’ situations. Must have the ability to exercise discretion as well as appropriate judgments when necessary.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

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