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BSA Specialist

Touchstone Bank
Prince George, VA
  • Expired: July 16, 2021. Applications are no longer accepted.

Position Description/General Responsibilities:The BSA Specialist has the responsibility to help the Bank proactively meet the objectives and the technical requirements of deposit related laws and regulations.Further, the BSA Specialist has responsibility to assist in the Bank's compliance with other laws and regulations.This position helps develop and implement policies and procedures to comply with applicable laws and regulations.The BSA Specialist is responsible for assisting with the development, implementation and administration of 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 Bank's compliance efforts are maintained on a daily basis.They advise the Compliance Officer of emerging compliance... issues and guide the Bank in the establishment of controls to mitigate risks.The BSA Specialist works independently and as a team to solve problems efficiently, effectively, and timely.Duties Include:Responsible for Due Diligence Manager which includes but is not limited to maintaining the case management system, onboarding questionnaires, to manage relationships at the individual or business/entity level and track high-risk account relationships;Assist in the development, update and reviews of compliance policies and procedures;Maintain up-to-date knowledge on deposit related laws and regulations;Advise deposit personnel on compliance risks and controls in their ongoing and proposed business activities;Review new account accounts within Due Diligence Manager to ensure all appropriate questions have been completed and proper origination documentation has been obtained/executed and Bank compliant per all current State and Federal regulations as well as current bank policy.Ensure timely return of phone calls/voice messages to both internal and external customers.Other various duties that may be assigned by Supervisor from time-to-time to aid in the continued operation of the Bank.As Primary Back to BSA Officer, be prepared to:Have working knowledge of BAM+ (BSA/AML software);Assist in the direction of BSA/AML compliance activities for the Bank, including BSA, AML, CIP, OFAC and Beneficial Ownership according to established policies and applicable legal and regulatory guidelines;Monitor BSA, AML and CIP activities to prevent the Bank from being used as an intermediary for or to hide the transfer or deposit of money from criminal activity and to create a paper trail for law enforcement to investigate money laundering and other illegal activities.Gather customer and transaction information from branches and other internal areas, researching information and identifying potential issues, analyzing, investigating and recommending disposition of cases and reporting results to the BSA Officer and government agencies such as the Financial Crimes Enforcement Network (FinCen), the Internal Revenue Service (IRS) or other law enforcement agencies for further investigation;Assist with the development, coordination, and facilitation of training programs, sessions, and seminars to educate bank personnel about money laundering risks;Ensure accuracy and maintenance of regulatory records and systems and update information as needed;Maintain comprehensive understanding of regulatory trends, changes and emerging risk areas, existing regulations and guidelines and the full range of the Bank's products and services; possesses experience and understanding to respond to complex regulatory issues;Assist in the preparation of reports for the Board of Directors on a periodic basis to ensure that the board is kept fully informed of the BSA program, including but not limited to:Reporting of suspicious activity reports, identification of risk and controls, and other key metrics required t

Touchstone Bank

Address

Prince George, VA
USA

Industry

Technology

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