2012-2 BSA Specialist

First Volunteer Bank
BSA Specialist

Under the direction of the Bank Secrecy Act (BSA) Officer, the BSA Specialist assists in the implementation and administration of all aspects of the Bank Secrecy Act compliance program and assists with various assignments supporting the BSA Officer. This position performs various quality controls reviews and monitoring pertaining to the Bank Secrecy Act, USA Patriot Act, Anti-Money Laundering Program, OFAC, and Customer Identification Program compliance using industry standard and regulatory guidance to ensure the Bank’s compliance efforts are maintained on a daily basis. Advises the BSA Officer or other senior staff of emerging compliance issues and assists the Bank in the establishment of controls to mitigate risks. Assists the BSA Officer in ensuring department activities run smoothly and efficiently.

Minimum Requirements

  • Bachelor degree preferred or equivalent banking experience 
  • Additional 3 years of general banking or regulatory experience
  • Specialized BSA training
  • Understanding of Legislative and Regulatory processes
  • Familiarity with all functional areas of banking
  • Excellent oral and written communication skills
  • Understanding BSA/AML Risks
  • Ability to proactively identify and assess potential concerns and risks
  • Ability to resolve issues, work independently, and meet deadlines 



  • Maintain current knowledge of all applicable federal and state laws and regulations, along with the Bank’s policies and procedures.
  • Maintains current knowledge of the Bank Secrecy Act and all related anti-money laundering and OFAC regulations.
  • Assists in the development and implementation of bank forms, notices and procedures and monitoring processes for compliance with the Bank Secrecy Act, OFAC and relation regulations.
  • Assists in the compliance with 314(a) and 314(b) (PATRIOT Act) responsibilities.
  • Monitor compliance with all BSA related requirements and communicate with branch personnel to resolve deficiencies.
  • Review Currency Transactions Reports (CTRs) for accuracy and file timely.
  • Maintain CTR Exempt customers are reviewed and fully documented on at least an annual basis.
  • Maintain MSB and Check Cashing customers are reviewed and fully documented on at least an annual basis.
  • Maintain a working knowledge of the automated BSA/AML system.
  • Understand the correlation between the monthly worklists, task list and case management process in order to take a potential suspicious transaction all the way to SAR completion and filing.
  • Assists as backup to Loss Prevention Specialist and maintain working knowledge of automated Fraud system.
  • Assists in the preparation of the BSA Risk Assessment.
  • Assists in the research of regulatory issues to compliance questions from Bank personnel, using legal and regulatory reference materials, regulatory agencies, as appropriate.
  • Assist in preparation for regulatory and internal audit compliance examinations and development of appropriate responses to be sent to regulatory agencies and outside auditors/consultants.
  • Assist in the development of training programs, sessions, and seminars to educate bank personnel about Bank Secrecy Act related compliance requirements. 


Interested candidates may apply at My Job Search (ultipro.com).

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