BSA Assistant

Requirements

• Assist the BSA Officer with daily monitoring of transactions for suspicious activity and regulatory compliance.
• Review alerts, reports, and exception items generated by the bank’s AML software; escalate issues as appropriate.
• Conduct due diligence and maintain documentation on new and existing customer accounts, including Beneficial Ownership (BOI) information.
• Assist in preparing and filing Currency Transaction Reports (CTRs) and Suspicious Activity Reports (SARs) in a timely and accurate manner.
• Monitor cash transaction logs, large currency reports, and monetary instrument logs for completeness and accuracy.
• Perform OFAC checks on new accounts, wire transfers, and other applicable transactions.
• Maintain and organize BSA/AML-related files and records in accordance with record retention policies.
• Support internal audits and regulatory examinations by preparing required documentation and reports.
• Assist with updating policies, procedures, and training materials related to BSA/AML compliance.
• Participate in ongoing training to stay informed about current BSA/AML laws, regulations, and industry best practices.
• Perform other duties as assigned by the BSA Officer or Compliance Department.