BSA Compliance Specialist II

BSA Compliance Specialist II - A BS / BA degree in a related field of study required or equivalent work experience; Certified Anti-Money Laundering Specialist (CAMS) Certification or other comparable industry designation preferred. A minimum of three years' experience in related positions required; banking, compliance, and operations experience required. Some essential duties are as follows :

• Responsible for utilizing the Prime transaction monitoring and risk profiling software; creates pre-determined rules for input into the software; monitors the results produced by the software for any necessary adjustments.
• Analyzes complex financial transactions utilizing a wide variety of systems, databases, applications, and reports to identify unusual account activity among associated account holders; documents all findings in a centralized case management system, creates individual case folders, and forwards all supporting documentation to BSA / AML Officer on cases requiring additional investigation.
• Assists in communication, investigation, and dissemination of information concerning Bank Secrecy Act (BSA) and Anti-Money Laundering (AML).
• Reviews Currency Transaction Reports (CTRs); files reports to FINCEN on a weekly basis.
• Reviews monetary instrument logs for negotiable instruments purchased by individuals or businesses.
• Maintains the Customer Identification Program; reviews all new and updated personal and business accounts to ensure that the proper documentation has been obtained.
• Performs customer due diligence; reviews anticipated activity for customers and businesses to determine proper risk rating; has continuous communication with branch employees regarding documentation to complete customer identification.
• Acts as a front-line contact with internal customers.
• Ensures risk ratings are performed on all new customers.
• Establishes customer risk codes in system.
• Maintains database and files of high-risk customers.
• Creates customized reports for high-risk customer review.
• Performs continual transaction review and activity analyses of high-risk customers.
• Maintains well-documented files for all high-risk customers; reviews high-risk customer activity, utilizing Prime program for monitored transactions, for enhanced due diligence.
• Makes recommendations, as applicable, for changes to customer risk ratings and performs, as necessary, new customer risk assessments.
• Review’s account holder information for potential Office of Foreign Assets Control (OFAC) matches.
• Reviews list of individuals and businesses who regulatory authorities and law enforcement have shared, under 314(a), seeking information on reasonably suspected persons / businesses based on credible evidence, of engaging in terrorist acts or money laundering activities.
• May perform information sharing under 314(b) with other financial institutions as needed.
• Identifies and researches unusual or potential suspicious activity.
• Prepares Suspicious Activity Reports; prepares narrative and documentation for SARs not filed; and forwards all SAR activity, reports, and documentation to manager for approval and filing.
• Assists in the writing and editing of various BSA written materials (procedures, reports, training materials, etc.)
• Serves as a technical resource involving BSA and AML issues.
• May provide departmental backup or oversight in the absence of the BSA / AML Officer, i.e., wire approvals, reviewing Incident Referral Forms for potential SAR filing.
• Performs other related duties as assigned.

Washington Financial offers a very competitive benefits package which includes paid time off and holidays; affordable group benefits (medical, dental, vision); a 401(k) plan; and employee discounts on products and services. Apply online at and attach a resume to the application, or by mail to 190 N. Main Street, 4th Floor, Washington.

Equal Opportunity Employer