What are the responsibilities and job description for the BSA & FRAUD PREVENTION SUPPORT SPECIALIST position at Stock Yards Bank and Trust?
Job Description
Job Description
As a BSA & Fraud Prevention Support Specialist, your day will be filled with opportunities to perform various tasks to ensure BSA / AML and OFAC recordkeeping requirements are met. Financial services industry experience is important while Stock Yards Bank & Trust will provide a professional environment to continually improve the candidate’s skills to further his / her career goals for advancement within the banking profession.
Responsibilities
Daily responsibilities include, but are not limited to, the following :
- Responsible for the review of currency transactions for the purpose of Currency Transaction Report (CTR) filing
- Assist front-line employees to ensure the accuracy of CTR filings
- Completes all CTRs within the required timeframes, ensuring reports are completed in time to be reviewed in advance of filing deadlines
- Review account opening documents to confirm compliance with Beneficial Ownership, Customer Due Diligence (CDD) and USA Patriot Act requirements.
- Ensure that OFAC and 314a lists are being processed and investigated in a timely manner
- Review of OFAC matches in BSA / AML, trust, and wire systems
- Monetary instrument tracking and maintenance of monetary instrument log
- Initiate enhanced due diligence procedures as needed, including the proper labeling of high risk customers and account types
Conduct other reviews and administrative tasks as required.
Complete training courses to maintain competency in AML / CFT and banking compliance
Job Requirements
The successful candidate will have the following qualifications :
High degree of accuracy and attention to detail
Ability to function in a multi-task environment.
Capability to communicate and collaborate with all levels of management and employees
Strong planning and organizational skills; must demonstrate good analytical and problem solving skills in an ever changing environment.
Strong PC skills (Excel and Word).
Ability to define problems and propose solutions.
Ability to work independently with limited direction from supervisor
Benefits
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 limited walking and standing. All work occurs indoors and within regular working hours. The noise level in the work environment is usually moderate.
