Citizens Bank Nashville, TN, USA
Nov 17, 2017Full time
Job Description The BSA Compliance Specialist is responsible for implementing and administering all aspects of the Bank Secrecy Act Compliance Program. This position performs various quality control reviews and monitoring in the area of Bank Secrecy Act, USA Patriot Act, Anti-Money Laundering, OFAC and Customer Identification Program compliance using industry standard and regulatory guidance sampling methods to ensure the Bank's compliance efforts are maintained on a daily basis. Performs a variety of routine daily tasks, reviews reports, prepares correspondence, and participates in special department projects. Assures compliance with all Bank policies and procedures, as well as all applicable state and federal banking regulations. MINIMUM REQUIREMENTS: This position requires a general knowledge of Bank administration, lending and operations products and services; other Bank operational policies and procedures; basic experience, knowledge and training in all operational and lending activities and terminology and related state and federal laws and regulations. Candidate must be both energetic and analytical with high ethical standards, interpersonal skills and an appropriate professional image. The person chosen must possess good organizational and time management skills with the ability to work with minimal supervision while performing duties. Education - Bachelors Degree in Business, Finance, or Accounting or a related degree, or the equivalent of three (3) years related experience and/or training; or an equivalent combination of education, experience and compliance background. Language Skills - Ability to read, analyze and interpret the most complex documents. Ability to respond effectively to the most sensitive inquiries or complaints. Reasoning Ability - Ability to apply principles of logical or scientific thinking to a wide range of intellectual and practical problems. Ability to deal with a variety of abstract and concrete variables. PRIMARY RESPONSIBILITIES AND DUTIES: Reinforces the application of exceptional customer service through his or her own example along with appropriate follow through with involved customers and employees. Responds to inquiries or refers inquiries to the appropriate department or person, and exhibits the necessary follow through with customers and/or staff involved. Provides support to all areas of the department as directed or where service or assistance is needed. Maintains proficient knowledge of the rules and regulations, including but not limited to, the Bank Secrecy Act, USA Patriot Act, and OFAC. Performs daily review, monitoring and analysis of various reports, logs and transaction data to identify trends, unusual activity and monitor large currency activity; determines if transactions are suspicious in nature, such as kiting, significant changes in balances, cash structuring in deposits, loan payments and certificate of deposit purchases, wire or ACH transfers, monetary instrument sales, new account openings, etc. Completes and files Suspicious Activity Reports (SARs) ensuring they are properly documented with related narrative and supporting documentation. Provides maintenance, follow-up and timely response to the Bank's OFAC system and FinCEN 314(a) and (b) lists and inquiries; appropriately responds to positive hits detected by the Bank's AML or OFAC software system as directed. Identifies and mitigates potential risk issues against the Bank; assists in providing BSA, AML, OFAC and CIP compliance support; interacts with Bank personnel pertaining to such issues. Reviews account opening reports for CIP compliance and accuracy; maintains database of missing information for follow up by branch personnel; identifies, monitors and tracks high risk customers and accounts. Reviews Currency Transaction Reports (CTRs) completed by branch personnel for accuracy and filing; reviews daily currency reports to ensure CTR's have been completed for all reportable transactions. Assists in the filing and review of exempt person filings. Ensures compliance with all applicable reporting and recordkeeping requirements and timely distribution of related materials and publications to designated personnel. Conducts BSA, AML, OFAC and CIP training presentations and exercises with all Bank personnel, including material presented to employees during the new hire orientation process. Monitor retail division for Reg. CC, Truth in Savings, Reg. E and all applicable regulatory compliance. SECONDARY DUTIES: Adhere to a viable reporting routine as required by management. Perform other tasks as requested by supervisor and Senior Management as they relate to the bank and its functions. Complies with federal and state laws and regulations as well as internal policies and procedures of Citizens Bank, and the bank's code of ethics. Company Description Citizens Bank is a full service bank offering the highest caliber of financial services to the community. As one of a few community banks in the city of Nashville, we are proud to offer efficient, personalized and professional service to each of our customers.Three distinguished leaders, Richard H. Boyd, James C. Napier and Preston Taylor, opened the doors of Citizens Bank on January 16, 1904 as the One Cent Savings Bank & Trust Company. It was the first minority-owned bank in Tennessee.