Verified Job
Accounting - Finance
BSA Processor
Accounting - Finance
#531323
Remote / WFH
Job Description
First Financial Bank has an immediate opening for a Bank Secrecy Act (BSA) Processor at the Corporate Office located in El Dorado, Arkansas.
The primary responsibility of this position is to monitor all BSA processing as outlined in First Financial Bank’s policy and procedures. Responsible for performing a variety of fraud detection related activities in support of the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) regulations designed to prevent financial-related crimes.
EDUCATION AND EXPERIENCE: Associate degree (A.A.) or equivalent from two-year college or technical school; or two to four years banking experience and/or training; or equivalent combination of education and experience.
COMPLEXITY: Ability to write reports, business correspondence and procedure manuals. Ability to effectively present information and respond to questions from groups, managers, clients, customers, and the general public. Ability to define problems, collect data, establish facts, and draw valid conclusions.
ESSENTIAL DUTIES AND RESPONSIBILITES: Process FinCEN 104 (CTR) forms received daily by the branches or multiple transactions identified on system reports accurately and within the policy timeline. Review alerts within the BSA/AML system for any suspicious activity and if activity is discovered, report to the BSA Specialists for possible SAR filing. Creation of Currency Transaction Reports. Work with the AML software preparing reports as needed or when requested by the BSA Officer. Assist in reviewing new business accounts to identify any MSBs or high-risk customers. Perform monthly review of high-risk customer statements. Annually work with the MSB customers to ensure proper documents are on file. Assist preparing training materials for the trainer. Receive and process all Red Flags and, if necessary, report possible SARs to the BSA Specialists. Track information for the annual report to the Board; examples but not limited to the following: review any Red Flag responses from branch/staff, log on spreadsheet, Red Flag-Held Statement Log; log and destroy any statements customers did not pick up from the branch. Perform ongoing monitoring, as required for BSA reporting, and review required logs, i.e., Cashier’s checks and others identified. Assist and work with the BSA Specialists up to and including taking direction from them. Other duties and responsibilities as assigned by management.
OTHER SKILLS AND ABILITIES: Must have strong verbal and interpersonal relationship skills. Requires strong attention to detail and strong problem-solving skills. Must possess excellent organization skills and be able to work under strict time deadlines. Requires excellent computer skills, especially Excel and Word. Must be able to handle multiple tasks, be a self-starter, be able to work under limited supervision while maintaining compliance with established policies, procedures, and regulations.
First Financial Bank offers an excellent benefits package which includes:
• Health/RX/Dental Plan
• Company Paid Life Insurance
• Paid Vacation & Holidays
• 401(k), Profit Sharing and ESOP
First Financial Bank is and Equal Opportunity Employer.
Job Type: Full-time
Schedule:
• Monday to Friday
Work Location: In person
The primary responsibility of this position is to monitor all BSA processing as outlined in First Financial Bank’s policy and procedures. Responsible for performing a variety of fraud detection related activities in support of the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) regulations designed to prevent financial-related crimes.
EDUCATION AND EXPERIENCE: Associate degree (A.A.) or equivalent from two-year college or technical school; or two to four years banking experience and/or training; or equivalent combination of education and experience.
COMPLEXITY: Ability to write reports, business correspondence and procedure manuals. Ability to effectively present information and respond to questions from groups, managers, clients, customers, and the general public. Ability to define problems, collect data, establish facts, and draw valid conclusions.
ESSENTIAL DUTIES AND RESPONSIBILITES: Process FinCEN 104 (CTR) forms received daily by the branches or multiple transactions identified on system reports accurately and within the policy timeline. Review alerts within the BSA/AML system for any suspicious activity and if activity is discovered, report to the BSA Specialists for possible SAR filing. Creation of Currency Transaction Reports. Work with the AML software preparing reports as needed or when requested by the BSA Officer. Assist in reviewing new business accounts to identify any MSBs or high-risk customers. Perform monthly review of high-risk customer statements. Annually work with the MSB customers to ensure proper documents are on file. Assist preparing training materials for the trainer. Receive and process all Red Flags and, if necessary, report possible SARs to the BSA Specialists. Track information for the annual report to the Board; examples but not limited to the following: review any Red Flag responses from branch/staff, log on spreadsheet, Red Flag-Held Statement Log; log and destroy any statements customers did not pick up from the branch. Perform ongoing monitoring, as required for BSA reporting, and review required logs, i.e., Cashier’s checks and others identified. Assist and work with the BSA Specialists up to and including taking direction from them. Other duties and responsibilities as assigned by management.
OTHER SKILLS AND ABILITIES: Must have strong verbal and interpersonal relationship skills. Requires strong attention to detail and strong problem-solving skills. Must possess excellent organization skills and be able to work under strict time deadlines. Requires excellent computer skills, especially Excel and Word. Must be able to handle multiple tasks, be a self-starter, be able to work under limited supervision while maintaining compliance with established policies, procedures, and regulations.
First Financial Bank offers an excellent benefits package which includes:
• Health/RX/Dental Plan
• Company Paid Life Insurance
• Paid Vacation & Holidays
• 401(k), Profit Sharing and ESOP
First Financial Bank is and Equal Opportunity Employer.
Job Type: Full-time
Schedule:
• Monday to Friday
Work Location: In person
