BSA Support Specialist
Company: Stock Yards Bank & Trust
Location: Louisville
Posted on: January 27, 2023
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Job Description:
As a BSA Support Specialist, you will be responsible for
assisting the BSA Officer and staff in all aspects of accounts and
activities under different departments of the bank relating to BSA,
AML and OFAC compliance. Compliance experience is important while
Stock Yards Bank will provide a professional environment to
continually improve the candidate's skills and to further his/her
career goals for advancement within the banking profession.
Responsibilities
Daily responsibilities include, but are not limited to, the
following:
* Assist the BSA Officer and staff with monitoring adherence to
Bank Secrecy Act regulations
* Using BSA/AML monitoring application systems and other reports to
detect suspicious activities
* Analyzing transactions to determine if they are suspicious in
nature, taking appropriate action and maintaining proper
documentation; periodically preparing and/or submitting SARs
electronically
* Performing reviews of high risk customers and maintaining
documentation for those reviews.
* Monitoring the bank's customer due diligence program
* Initiating enhanced due diligence procedures as needed
* Providing branch support and staff training
* Reviewing Currency Transaction Reports for accuracy and
submission
* Assist BSA Officer and staff with BSA training for staff and
maintaining training records.
Assistance with the administrative functions related to the Bank
Secrecy Act includes, but are not limited to:
* Processing of report acknowledgements from FinCEN.
* Review of 314(a) search requests and completing
self-verification.
* Review of OFAC matches in BSA/AML, trust, and wire systems.
* Monetary instrument tracking as well as monitoring for compliance
with the Bank's Customer Identification Program (CIP).
* Providing assistance to front-line personnel with CTR report
completion.
Other Functions:
* Creates periodic reports to monitor corporate-wide compliance
with Computer Based Training (CBT) requirements
* Backup administrator for Computer Based Training program.
* Conduct other compliance reviews and administrative tasks as
required.
Job Requirements
The successful candidate will have the following
qualifications:
* BS/BA Business or Related Field (or substitute work
experience).
* Minimum of 2 years related experience.
* General knowledge of State and Federal regulatory
requirements.
* Ability to function in a multi-task environment.
* Strong verbal and written communication skills; must demonstrate
ability to tactfully communicate with and gain respect of all
employees.
* Strong planning and organizational skills; must demonstrate good
analytical and problem solving skills in an ever changing
environment.
* Extensive knowledge of bank policies and procedures.
* Ability to define problems and propose solutions.
* Good computer and office equipment operation skills.
* Ability to read, analyze and interpret government regulations,
trade journals and legal documents.
Benefits
* 401(k) with a company match of up to 6%
* ESOP employer match
* Medical insurance
* Dental insurance
* Vision insurance
* Cancer / Disease insurance
* Accident insurance
* Flexible Spending Accounts
* Health Savings Accounts
* Humana Go365 Wellness & Rewards Program
* Bank paid Life / AD& D insurance
* Voluntary Life / AD&D insurance
* Bank paid Short-Term and Long-Term Disability insurance
* Employee Stock Purchase Plan
* Employee Assistance Program
Physical Requirements
The physical demands described here are representative of those
that must be met by an employee in order to successfully perform
the essential functions of this job. Reasonable accommodations may
be made to enable individuals with disabilities to perform the
essential functions.
This position requires sitting the majority of the time with some
walking and standing. All work occurs indoors and within regular
working hours. The noise level in the work environment is usually
moderate. While performing the duties of this job, the employee is
regularly required to use hands and fingers, handle or feel, reach
with hands and arms, and talk or hear.
Keywords: Stock Yards Bank & Trust, Louisville , BSA Support Specialist, Other , Louisville, Kentucky
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