Century Bank

  • BSA Specialist

    Location US-MA-Medford
    Posted Date 1 month ago(1/7/2020 12:52 PM)
    # Positions
    1
    Experience (Years)
    3
    Category
    Other - Other
    Position Type
    Full Time
    Work Schedule
    Monday-Friday 8:30AM-5:00PM
  • Overview

    The Bank Secrecy Act (BSA) Specialist is responsible for supporting all aspects of the BSA Compliance Program. This position performs various quality control monitoring in the area of BSA and Fraud using industry standard and regulatory guidance to ensure the Bank’s compliance efforts are maintained on a daily basis. Assures that all policies and procedures, as well as, all applicable state and federal banking regulations and notifies the Bank’s BSA Officer of compliance issues.

    Responsibilities

    • Work independently as part of a team
    • Knowledge of general bank operations particularly branch procedures.
    • Knowledge of Bank Secrecy Act and Anti-Money Laundering laws and regulations.
    • Review large cash transaction reports on a daily basis.
    • Electronically file all completed Currency Transaction Reports.
    • Completes Suspicious Transaction Reports when warranted.
    • Conducts reviews of accounts to determine suspicious activity.
    • Review all high risk accounts and performs trend analysis on a monthly basis.
    • Knowledge of Money Service Business’.
    • Assists the BSA Officer with loss prevention initiatives.
    • Reviews and performs risk rating on business accounts via the Business Banking Worksheet.
    • Proficient in Excel.
    • Monitors and/or ensures compliance with Federal and State laws and regulations; including but not limited to the Bank Secrecy Act and Anti-Money Laundering, in addition to, Bank operation policies and procedures.
    • Perform addition duties as requested.
    • Will be required to attend the annual BSA/AML conference or as needed.

    Qualifications

    The qualified candidate will have at least three years of branch banking experience, good organizational and interpersonal skills, and be proficient in Microsoft Office (including Word, Excel and Email). Ability to risk rate business accounts and to work independently. Must have attention to detail and good analytical skills are a must. High School Diploma is required; Bachelor’s degree in a related area is preferred.

     

    Century Bank is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, genetic information, protected veteran status, or any other characteristic protected by law.

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