ChoiceOne Financial Services, Inc.
BSA AML Specialist
ChoiceOne Financial Services, Inc., Fenton, Michigan, United States, 48430
BSA AML Specialist
Non-Exempt – Grade Level 4
Equal Employment Opportunity
Corporate Values & Mission “Provide superior service, quality advice and show our utmost respect to everyone we meet.”
General Summary As BSA AML Specialist, you report to and assist the BSA AML Operations Officer to ensure the Bank’s compliance with Federal Banking Regulations including the Bank Secrecy Act, the USA Patriot Act and OFAC. The BSA AML Specialist utilizes the Bank’s data systems including Yellow Hammer, BSA and JHA Teller, as well as Microsoft Office applications. The BSA AML Specialist is responsible for assisting BSA management in developing, implementing, and administering all aspects of associated compliance programs.
Reports To:
BSA AML Operations Officer
Essential Duties and Responsibilities
Assist in the implementation of the Bank Secrecy Act Program to ensure compliance with the Bank Secrecy Act, including daily review and filing of CTRs, review and retention of the monetary instrument sale information, and review and retention of account and customer due diligence information.
Ensure compliance with the Office of Foreign Asset Control (OFAC) regulations, including daily assistance with clearing SDN list hits and periodic OFAC review of customer database.
Assist with the anti-money laundering monitoring process, including the use of BSA/AML software to review worklists and alerts, conducts ongoing customer- and enhanced-due diligence, and investigate and resolve referrals from internal staff.
Refer suspicious transactions to BSA AML Investigators for further review and provide relevant and necessary information for investigative purposes.
Compose, edit, revise, and distribute BSA procedure manuals and answer related questions for staff.
Complete all applicable internal training assignments by due date.
Attend outside training (seminars, webinars, meetings) for continuing educations and/or to represent the Bank.
Additional responsibilities as assigned.
Be familiar with and comply with the provisions of the Bank Secrecy Act and USA PATRIOT Act as they relate to the functions of this position. Complete all required reports related to those acts and reports any observed violations or potential violations of those acts to a supervisor or other appropriate bank officer.
Be familiar with and comply with all federal and state banking regulations as applicable.
Qualifications To perform this job successfully, an Individual in this position must be able to perform each of the above essential duties satisfactorily and exhibit the values of the Company. In addition, the requirements listed below are representative of the knowledge, skill and/or ability required.
Experience and/or Education
High School Diploma or GED
Associates Degree preferred
Minimum of two (2) years of Bank Operations experience
Additional formal education or practical experience with BSA and Security preferred
Willing to pursue certification in BSA and/or Security
Competencies Written and Oral Communication
– Effective written and oral communication skills required, with the ability to interface with Internal and external stakeholders and community partners. Has group presentation skills.
Analytical
– Synthesizes complex and diverse information; collects and researches data; uses intuition and experience to complement data.
Technical Skills
– Knowledge of Microsoft Office products, Word, Excel, and PowerPoint required. Pursues training and development opportunities; strives to continuously build knowledge and skills; shares expertise with others. Has a thorough understanding of underwriting, coverages and rating procedures.
Quality Management
– Looks for ways to improve and promote quality; demonstrates accuracy and thoroughness.
Safety and Security
– Holds people accountable to safety and security procedures.
Adaptability
– Adapts to changes in work environment; manages competing demands; changes approach or method to best fit the situation; able to deal with frequent change, delays, or unexpected events.
Dependability –
Follows instructions; responds to management direction; takes responsibility for own actions; keeps commitments; commits to long hours of work when necessary to reach goals; completes tasks on time or notifies appropriate person with an alternate plan.
Initiative
– Undertakes self-development activities; takes independent actions and calculated risks; looks for and takes advantage of opportunities; asks for and offers help when needed.
Physical Demands and Work Environment
Ability to work in an office environment which may include many hours of computer and telephone usage.
Ability to lift 25 lbs.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
This position description is not to be construed as an exhaustive statement of duties, responsibilities, or requirements. Employees may be required to perform any other job-related instructions as requested by their supervisor, subject to reasonable accommodations.
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Equal Employment Opportunity
Corporate Values & Mission “Provide superior service, quality advice and show our utmost respect to everyone we meet.”
General Summary As BSA AML Specialist, you report to and assist the BSA AML Operations Officer to ensure the Bank’s compliance with Federal Banking Regulations including the Bank Secrecy Act, the USA Patriot Act and OFAC. The BSA AML Specialist utilizes the Bank’s data systems including Yellow Hammer, BSA and JHA Teller, as well as Microsoft Office applications. The BSA AML Specialist is responsible for assisting BSA management in developing, implementing, and administering all aspects of associated compliance programs.
Reports To:
BSA AML Operations Officer
Essential Duties and Responsibilities
Assist in the implementation of the Bank Secrecy Act Program to ensure compliance with the Bank Secrecy Act, including daily review and filing of CTRs, review and retention of the monetary instrument sale information, and review and retention of account and customer due diligence information.
Ensure compliance with the Office of Foreign Asset Control (OFAC) regulations, including daily assistance with clearing SDN list hits and periodic OFAC review of customer database.
Assist with the anti-money laundering monitoring process, including the use of BSA/AML software to review worklists and alerts, conducts ongoing customer- and enhanced-due diligence, and investigate and resolve referrals from internal staff.
Refer suspicious transactions to BSA AML Investigators for further review and provide relevant and necessary information for investigative purposes.
Compose, edit, revise, and distribute BSA procedure manuals and answer related questions for staff.
Complete all applicable internal training assignments by due date.
Attend outside training (seminars, webinars, meetings) for continuing educations and/or to represent the Bank.
Additional responsibilities as assigned.
Be familiar with and comply with the provisions of the Bank Secrecy Act and USA PATRIOT Act as they relate to the functions of this position. Complete all required reports related to those acts and reports any observed violations or potential violations of those acts to a supervisor or other appropriate bank officer.
Be familiar with and comply with all federal and state banking regulations as applicable.
Qualifications To perform this job successfully, an Individual in this position must be able to perform each of the above essential duties satisfactorily and exhibit the values of the Company. In addition, the requirements listed below are representative of the knowledge, skill and/or ability required.
Experience and/or Education
High School Diploma or GED
Associates Degree preferred
Minimum of two (2) years of Bank Operations experience
Additional formal education or practical experience with BSA and Security preferred
Willing to pursue certification in BSA and/or Security
Competencies Written and Oral Communication
– Effective written and oral communication skills required, with the ability to interface with Internal and external stakeholders and community partners. Has group presentation skills.
Analytical
– Synthesizes complex and diverse information; collects and researches data; uses intuition and experience to complement data.
Technical Skills
– Knowledge of Microsoft Office products, Word, Excel, and PowerPoint required. Pursues training and development opportunities; strives to continuously build knowledge and skills; shares expertise with others. Has a thorough understanding of underwriting, coverages and rating procedures.
Quality Management
– Looks for ways to improve and promote quality; demonstrates accuracy and thoroughness.
Safety and Security
– Holds people accountable to safety and security procedures.
Adaptability
– Adapts to changes in work environment; manages competing demands; changes approach or method to best fit the situation; able to deal with frequent change, delays, or unexpected events.
Dependability –
Follows instructions; responds to management direction; takes responsibility for own actions; keeps commitments; commits to long hours of work when necessary to reach goals; completes tasks on time or notifies appropriate person with an alternate plan.
Initiative
– Undertakes self-development activities; takes independent actions and calculated risks; looks for and takes advantage of opportunities; asks for and offers help when needed.
Physical Demands and Work Environment
Ability to work in an office environment which may include many hours of computer and telephone usage.
Ability to lift 25 lbs.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
This position description is not to be construed as an exhaustive statement of duties, responsibilities, or requirements. Employees may be required to perform any other job-related instructions as requested by their supervisor, subject to reasonable accommodations.
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