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BSA Support Specialist

Company: Stock Yards Bank & Trust
Location: Louisville
Posted on: January 27, 2023

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.


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.


* 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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