Senior BSA Compliance Specialist

4 weeks ago


Santa Rosa, United States Hamlyn Williams Full time

Essential Responsibilities:

  • Conduct due diligence reviews and prepare reports on High risk customers to mitigate BSA/AML risk
  • Analyze risks associated with complex ownership structure, evaluating variables such as source of funds, anticipated activity volumes, and purpose of business relationships
  • Independently performs reviews of various reports and transaction data and analyses complex activity to determine if transactions are suspicious in nature
  • Perform quality control reviews of various AML/BSA/Fraud functions to determine if the review and research were conducted in accordance with quality standards and time frames set forth within established procedures, policies, and regulatory requirements
  • BSA/Fraud alerts
  • Customer Risk Reviews
  • CTR
  • SARs
  • Transaction testing, data validation, and ongoing customization of the AML software
  • Perform root cause analysis of identified data quality issues, tracing data upstream and providing solutions
  • Investigate escalated alerts of potential suspicious activity produced or referred by other areas of the bank and determine appropriate course of action.
  • Ensure Watch List information is properly maintained and updated, review and respond to concerns about OFAC, SDN or other Watch List alerts and take mandated action as necessary
  • Directly support the Bank’s Fraud Program
  • Contributes to the development and implementation of Fraud Risk processes, tools, policies, standards, and procedures in alignment with the BSA/AML Program
  • Review and analyze new and pending laws and regulations
  • Assist with regulatory examinations and audits, including gathering requested information, developing, and coordinating responses to such reviews as necessary

Qualifications:

  • Minimum of 5 years BSA and Fraud experience. Experience in depository financial institution processes and procedures or similar experience is preferred
  • Solid understanding of banking and fraud threats posed by Money Laundering activities
  • Proficiency with computer programs including fraud identification and AML software



Please note that this role is fully ON-SITE in Santa Rosa, CA with no remote flexibility.


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