BSA Specialist

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Working at The Bank of Missouri

At The Bank of Missouri we know it takes great people to support the communities we serve! We are passionate about caring for people and communities, and know how to recognize and reward our employees for their talent and contributions. When you work at The Bank of Missouri, you not only get to help others, but you also get the resources, opportunities and support to grow your own career.

About our Company

Staying in business for more than 125 years is hard. Really hard. If you think about it, weve endured many events, like the Great Depression and two World Wars. Weve survived and thrived, thanks to our great customers and communities. We were founded on core values of accountability, community service and financial conservatism. Those principles are the reason we are still in business today. Caring for people and communities is our foundation! Weve built a reputation of being financially secure and community focused. We are an independent community bank and fully intend to stay that way. We are big enough to accommodate any financial need, yet small enough to give every customer the personal treatment they deserve.

About this job:

The Bank Secrecy Act Specialist is responsible for assisting in developing, implementing and administering all aspects of the Bank Secrecy Act Compliance Program. This position performs various quality control reviews and monitoring in the area of Bank Secrecy Act, USA Patriot Act, Anti-Money Laundering, OFAC and Customer Identification Program compliance using industry standard and regulatory guidance sampling methods to ensure the Banks compliance efforts are maintained on a daily basis. The BSA Specialist advises the Banks Compliance Officer, Senior Management and Bank personnel of emerging compliance issues and consults and guides the Bank in the establishment of controls to mitigate risks. The position also assists the Bank Secrecy Act Officer and Compliance Officer in ensuring department activities run smoothly and efficiently by providing leadership and training within the department. Also responsible for assuring compliance with all Bank policies and procedures, as well as, all applicable state and federal banking regulations.

Here are some of the great benefits you will enjoy as a member of our team:

• Competitive Salary
• Personal paid time off, as eligible and paid holidays
• 401K and Employee Stock Option Plan, as eligible
• Generous medical, dental, vision, life and disability insurance
• Fitness reimbursement
• Learning, development and growth opportunities

As a BSA Specialist you will:

• Assist with developing, implementing and administering all aspects of the Bank Secrecy Act Compliance Program; performs duties as a member of the Banks Compliance Committee; assists with independent, state and federal regulator auditor inquiries; assist reviews and writes BSA, AML. OFAC and CIP related policies and procedures; assist with making recommendations to the Bank Secrecy Act Officer, Chief Compliance Officer and Senior Management when and where appropriate; and assist the Bank Secrecy Act Officer with annual reports to the Board of Directors detailing Bank Secrecy Act issues.

• Maintain proficient knowledge of the rules and regulations, including but not limited to, the Bank Secrecy Act, USA Patriot Act, and OFAC.

• Perform daily review, monitoring and analysis of various reports, logs and transaction data to identify trends, unusual activity and monitor large currency activity; determines if transactions are suspicious in nature, such as kiting, significant changes in balances, cash structuring in deposits, loans payments and certificate of deposit purchases, wire or ACH transfers, monetary instrument sales, new account openings, etc.

• Complete and file Suspicious Activity Reports (SARs) ensuring they are properly documented with related narrative and supporting documentation.

• Provide maintenance, follow-up and timely response to the Banks OFAC system and FinCEN 314(a) and (b) lists and inquiries; appropriately responds to positive hits detected by the Banks AML or OFAC software system.

• Identify and mitigate potential risk issues against the Bank; assists in providing BSA, AML, OFAC and CIP compliance support; interacts with Bank personnel pertaining to such issues.

• Review account opening reports for CIP compliance and accuracy; maintains database of missing information for follow up by branch personnel; identifies, monitors and tracks high risk customers and accounts.

• Review Currency Transaction Reports (CTRs) completed by branch personnel for accuracy and filing; reviews daily currency reports to ensure CTRs have been completed for all reportable transactions.

• Review and approve or decline requests for exempt person filings; files approved documentation for exemptions; performs annual review of exempt persons.

• Ensures compliance with all applicable reporting and recordkeeping requirements and timely distribution of related materials and publications to designated personnel.

• Assist with Conducting BSA, AML, OFAC and CIP training presentations and exercises with all Bank personnel.

• Respond to inquiries or refer inquiries to the appropriate department or person, and exhibiting the necessary follow through with customers and/or staff involved.

Qualifications for Success:

Bachelor's Degree from a 4 year College or University; or 5 years of related experience and/or training; or equivalent combination of education and experience. Work related experience should consist of in-depth background in Bank Secrecy Act compliance. Educational experience should consist of in-house training sessions, formal schooling or financial industry related curriculum.

The Bank of Missouri is an Equal Opportunity Employer