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BSA Supervisor

  • Location: Sandy, UT
  • Job Type: Direct Placement
  • Ref No: 19-04783
  • Date: August 05, 2019
  • Job title:

Alyssa Podbielski

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Job Description - BSA Supervisor

BSA Supervisor

 

SUMMARY

Works closely with the BSA Officer or designee to ensure that all departments within the Bank are compliant with BSA Requirements.  Duties include monitoring a portion of the day-to-day alerts and tasks, reporting, and control processes within the BSA department. This position will participate in the daily supervision of BSA Analyst I, II and III, Bank procedural updates, and will conduct regular certifications to document controls and reviews. The BSA Analyst III is actively engaged with other departments within the bank to assist in clarifying BSA requirements and ensuring that their procedures cover necessary BSA elements.

 

The BSA Supervisor is responsible for assisting in the supervision of one or more employee(s) and carries out supervisory responsibilities in accordance with the Bank's policies and applicable laws, ensuring adherence to Equal Employment Opportunity guidelines. 

 

Other duties may include overseeing and managing the foreign correspondent banking relationship by monitoring and reviewing the foreign transaction data that is entered into the AML monitoring system to identify unusual activity. Works closely with the third party service provider who has been engaged to analyze the cash transactions of the foreign correspondent bank to ensure timely feedback is received regarding cash transactions. 

 

ESSENTIAL DUTIES AND RESPONSIBILITIES

  • Assists the BSA Officer in the supervision of BSA Analyst I II and III.  Responsible for assisting in the tracking of individual performance goals and results in a timely and accurate manner for reporting purposes.
  • Oversees the Bank's cash transaction monitoring by reviewing system reports (branch reporting) and ensuring accurate aggregation. Review of any applicable logs or recordkeeping requirements as they are necessary for proper oversight.
  • Responsible for the review, approval, and submission of all applicable CTR reports generated by BSA Analyst I II and III. Any CTR corrections as well as DOEP reports will also be handled by BSA Analyst III.
  • Reviews foreign correspondent bank cash transaction reports by monitoring the AML system alerts for unusual and suspicious activity.
  • Works closely with the third party service provider (TPSP) to ensure the foreign cash transaction report has been retrieved by TPSP and the analysis and recommendations is submitted to Sunwest in a timely manner for review.
  • Ongoing enhanced due diligence monitoring of customer relationships including transactional analysis for customers that pose a higher risk to the Bank.
  • Suspicious activity reviews, reconciliation, and reporting for any assigned cases or referrals received from branch staff. These reviews require the use of various tools including Lexis/Nexis, internet sites, and other applicable resources as they become available.
  • Monitoring and reporting of any Customer Information Program exceptions detected.
  • Oversees the Bank's watch list program (OFAC/314a/PEP) including uploading lists, validating potential matches, and reporting hits when applicable.
  • Stays abreast of regulatory changes, industry standards and best practices.  Works closely with the BSA Manager to update the Bank's BSA training programs, policies, procedures, and risk assessments as necessary and appropriate. 
  • Serves as a point of contact for all AML-related matters, including negative news, potential matches on sanctions screening, and unusual behavior raised by frontline staff.
  • Escalate all matters mentioned above to the BSA Officer or Senior Management if the items cannot be resolved.
  • Attends training and maintains a basic knowledge of procedures to ensure compliance with laws and regulations governing financial institutions, as they apply to your position and job responsibilities, with an emphasis on the BSA/AML/CIP, Consumer Privacy, Regulation CC, Information Security, Bank Protection Act, FACT-Identity Theft, Information Technology and GLBA.
  • Performs other departmental duties as assigned.

 

ADDITIONAL RESPONSIBILITIES

 

  • Demonstrates high degree of professionalism in communication, attitude and teamwork with customers, peers and management
  • Demonstrates high level of quality work, attendance and appearance
  • Adheres to all Company Policies & Procedures and Safety Regulations
  • Adheres to local, state and federal laws
  • Performs any other duties that may be assigned by warehouse manager
  • Understands and complies with all company rules and regulations
  • Attends training and maintains a basic knowledge of procedures to ensure compliance with laws and regulations governing financial institutions, as they apply to your position and job responsibilities, with an emphasis on the BSA/AML/CIP, Consumer Privacy, Regulation CC, Information Security, Bank Protection Act, FACT-Identity Theft, Information Technology and GLBA.
  • Additional duties as assigned as it relates to the position

SUPERVISORY RESPONSIBILITIES

This position does have supervisory responsibilities

 

MINIMUM QUALIFICATIONS

  • Bachelor's degree from an accredited college or university or five years of related banking experience and/or training or the equivalent combination of education and experience.  Comprehensive knowledge of Bank products and services, including Bank Secrecy Act compliance, is required. 
  • Bank operational experience of no less than five years, with exposure to branch and back office operations, as well as compliance functions.
  • BSA/Compliance-specific experience of no less than three years, with exposure to transactional analysis as well as general program and reporting requirements.
  • Strong professional skills with emphasis on planning and organization. Strong and thorough knowledge of Bank policies and procedures. General knowledge of overall Bank products and services, particularly those offered in a commercial banking environment.
  • Ability to multi-task and manage multiple activities to completion within strictly regulated deadlines.



 




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