Job Description

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BSA Investigator I

Title:                BSA Investigator I

Department:  BSA Department

FLSA Status: Non-Exempt

Reports to:     BSA/OFAC/ & Fraud agent

Date:             &nb sp; 10-2022



General Summary : 
The position is responsible for assisting the BSA agent with all components of the Bank Secrecy Act (BSA) and the Office of Foreign Asset Control (OFAC).

Essential tasks and Job Responsibilities:

Assist to maintain compliance with BSA related laws, regulations, and acts
1.  Monitor, investigate, and answer the BSA/AML Monitoring software alerts to uncover money laundering and other illicit schemes; and create cases when necessary.
2.  Conduct investigations as a result of accounts identified through analysis or in response to reports of unusual activity.
3.  Collaborate with company personnel regarding interactions with customers to aid in investigations.
4. Conduct timely and thorough reviews of potentially suspicious activity through case management.
5. Escalate suspicious activity cases to the attention of the BSA agent.
6.  Review Currency Transaction Reports (CTR’s) for compliance; file on a timely basis; address errors with bank personnel.
7.  Conduct Enhanced Due Diligence (EDD) reviews on new and existing High Risk Customers
8.  Ensure that proper risk ratings are assigned to customers and are accurately reflected in the BSA/AML Monitoring Software
9.  Assist the BSA agent with internal audit and regulatory examinations by gathering files, records, and other pertinent information for review; ensure appropriate documentation is maintained and available.
10.  Participate in and make recommendations with respect to the decision process for reporting suspicious activity to FinCEN.
11.  Completes SARs to include a comprehensive narrative fully describing the suspicious transactions in conformity with FinCEN instructions.
12.  Ensure BSA recordkeeping and reporting requirements are processed in conformity with established guidelines and regulation timelines.
13.  Ensure appropriate documentation is maintained and available for internal/external audits and legal requests.

Assist to maintain compliance with OFAC related laws, regulations, and acts
14. Assist bank personnel with potential OFAC matches and conduct necessary research to ensure OFAC compliance
15.  Ensure that the OFAC reviews are conducted appropriately and in a timely manner.

Assist to maintain compliance with 314a & 314b regulations
16. Investigate possible matches or requests generated by the BSA/AML monitoring software.
17. Provide notice to FinCEN annually that we are participating in 314b information sharing as required.

Customer Information Procedures (CIP)
18. Review all new accounts for proper account opening documents, identification, and anticipated activity.
19.  Follow–up and work with Branch managers to resolve any irregularities that come from newly opened accounts identified by CIP review.



OTHER RESPONSIBILITIES

Confidentiality
All information handled is highly confidential.

Mental Application
this job offer relies on established laws and regulations to make judgments.  Must be able to read and interpret those laws and regulations.

Responsibilities
Civil monetary penalties could be broad and goodwill is a risk.

Contacts/Internal and Public
Direct contact with bank personnel, as well as law enforcement, state and federal examiners.

EDUCATION, CERTIFICATION, practice:
suitable education
Required:  High School Diploma or two year banking, business, or law related degree (or equivalent job related branch/compliance practice).
Preferred:
practice:
Required:  One (1) to Three (3) years banking employment.
Preferred:

KNOWLEDGE, expertise, ABILITIES:
Knowledge of banking, the internal structure of a bank, elements of bank operations and services.  knowledge of bank secrecy, patriot act, OFAC and privacy laws and regulations.  Good written and verbal communication expertise.

WORK ENVIRONMENT:

»Working Conditions: Conditions are generally good with little discomfort caused by noise, heat, and dust.

»Equipment Operations : Must be able to use word processing software (Microsoft Word), spreadsheet software (Microsoft Excel), the internet, Fiserv, and Director.

PHYSICAL DEMANDS :

Special Note:
External and internal candidates, as well as position incumbents, must be able to execute the essential job functions as set forth above.  Orange Bank and Trust Company is committed to a policy of Equal Employment Opportunity and will not discriminate against an applicant or employee on the basis of age, sex, sexual orientation, race, color, creed, religion, ethnicity, national origin, alienage or citizenship, discapability, marital status, military or veteran status or any other legally-recognized protected basis under federal, state or local laws, regulations or ordinances.
Upon request, individuals with disabilities may be entitled to a reasonable accommodation. A reasonable accommodation is a change in the way things are normally done that will ensure an equal employment opportunity without imposing an undue hardship on the bank.  Please inform the Human Resources Department if you need assistance completing any forms or to otherwise participate in the application process or, at the appropriate time, to execute the essential functions of the job.
This job description in no way states or implies that these are the only tasks to be performed by an employee.  Additional functions and requirements may be assigned by managers as deemed appropriate, located on the employee’s knowledge, skill and capability as well as his/her mental and physical abilities.

Job Tags

Work at office, Local area

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