BSA Officer

BSA Officer

The BSA Officer supports BSA/AML, fraud prevention, and regulatory compliance programs. This role is responsible for monitoring and investigating potentially suspicious or fraudulent activity, conducting KYC/CDD/EDD reviews, preparing regulatory filings, and identifying financial crime risks. The position works closely with compliance teams and business units to ensure adherence to applicable regulations, policies, and procedures.

Key Responsibilities

• Monitor and investigate alerts related to suspicious activity, fraud, money laundering, and other financial crimes.
• Review and resolve transaction monitoring and fraud alerts and document investigative findings.
• Identify patterns, relationships, and potential fraud rings or other financial crime activity.
• Conduct KYC, Customer Due Diligence (CDD), and Enhanced Due Diligence (EDD) reviews, particularly for higher-risk customers or accounts.
• Review account activity and risk ratings and perform ongoing monitoring of high-risk relationships.
• Prepare, investigate, and file Suspicious Activity Reports (SARs) and supporting documentation.
• Review and support Currency Transaction Report (CTR) processes and other regulatory reporting requirements.
• Perform OFAC, 314(a), 314(b), and related regulatory screening and reviews.
• Maintain BSA/AML, fraud monitoring, and case management systems and ensure accurate documentation.
• Assist with compliance reviews, audits, regulatory examinations, and program enhancements.
• Provide guidance and training to staff regarding BSA/AML, fraud prevention, and suspicious activity requirements.
• Stay current on BSA/AML, OFAC, KYC, fraud, and financial crime regulations and industry practices.
• Maintain strict confidentiality and comply with applicable policies, procedures, and regulatory requirements.
• Perform other duties as assigned.

Qualifications

• Bachelor's degree or equivalent combination of education and relevant experience.
• 2+ years of experience in banking, credit unions, financial services, compliance, BSA/AML, fraud, or a related field.
• At least 1 year of hands-on BSA/AML, financial crimes, fraud investigations, or compliance experience.
• BSA/AML certification preferred or required depending on experience.
• Strong knowledge of BSA/AML, KYC, CDD/EDD, OFAC, SAR, CTR, and financial crime compliance requirements.
• Strong investigative, analytical, organizational, and problem-solving skills.
• Excellent written and verbal communication skills.
• Ability to work independently, handle confidential information, and collaborate with internal teams, regulators, law enforcement, and other stakeholders.
• Experience with transaction monitoring, fraud detection, case management, or AML software preferred.

Core Skills

BSA/AML | Financial Crimes | Fraud Investigations | Transaction Monitoring | KYC | CDD/EDD | OFAC | SAR | CTR | Suspicious Activity | Fraud Detection | Compliance | Risk Assessment | Case Management | Regulatory Compliance