Benefits:
- Health insurance
- Paid time off
- Vision insurance
- 401(k)
- 401(k) matching
- Dental insurance
BSA Specialist
Location: Remote
Employment Type: Full-Time
FLSA Status: Exempt
Schedule: Monday–Friday, some Saturdays; flexible schedule typically between 8:00 AM and 5:00 PM
Reports To: BSA Officer
Employment Type: Full-Time
FLSA Status: Exempt
Schedule: Monday–Friday, some Saturdays; flexible schedule typically between 8:00 AM and 5:00 PM
Reports To: BSA Officer
Position Summary
Herring Bank is seeking a BSA Specialist to support the Bank’s compliance with the Bank Secrecy Act (BSA), USA PATRIOT Act, Anti-Money Laundering (AML) requirements, OFAC regulations, and other applicable laws and regulations.
This position plays an important role in identifying and preventing potentially illicit financial activity through transaction monitoring, investigations, customer due diligence, and regulatory reporting. The BSA Specialist will also serve as a resource to Bank personnel by assisting with compliance-related questions and recommending solutions to issues identified through monitoring and review activities.
Key Responsibilities
- Monitor, review, and analyze customer transactions to identify unusual or potentially suspicious activity.
- Investigate suspicious activity and maintain accurate and detailed documentation of findings and actions taken.
- Prepare and file Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs) in accordance with regulatory requirements.
- Conduct Enhanced Due Diligence (EDD) on high-risk customers and accounts.
- Conduct Customer Identification Program (CIP) reviews and validation.
- Review and update customer risk ratings and identify unusual account activity.
- Perform periodic reviews and risk assessments of customers, products, and services.
- Monitor cash transactions and complete CTR filings as required.
- Assist with the ongoing development and maintenance of the Bank’s BSA/AML/OFAC compliance program.
- Stay current on regulatory changes and industry best practices related to BSA/AML/OFAC.
- Support internal and external audits and regulatory examinations by providing documentation and responding to inquiries.
- Maintain complete and accurate documentation for reviews, investigations, filings, and other compliance activities.
- Assist with BSA/AML training and help ensure employees understand their compliance responsibilities.
- Work closely with Compliance, Legal, Audit, and other internal departments to address high-risk concerns.
- Collaborate with law enforcement agencies when necessary to share relevant findings.
- Complete and review compliance checklists associated with various product lines.
- Serve as a resource to Bank personnel regarding BSA/AML and other compliance-related questions.
- Perform additional Compliance Department responsibilities as assigned.
Qualifications
Education & Experience
- High school diploma or GED required.
- Minimum of 2 years of banking experience, preferably within BSA or Compliance.
- BSA/AML certification, such as CAMS (Certified Anti-Money Laundering Specialist), preferred.
- Must be able to successfully pass a background and credit check.
Skills & Competencies
- Working knowledge of BSA/AML/OFAC regulations and compliance practices.
- Strong analytical, investigative, and problem-solving skills.
- Excellent attention to detail and organizational skills.
- Ability to maintain confidentiality at all times.
- Effective written, verbal, and interpersonal communication skills.
- Strong time-management skills with the ability to manage multiple priorities.
- Ability to work independently with minimal supervision while also contributing effectively within a team.
- Proficiency with computers, word processing, spreadsheets, and related banking systems.
- Ability to interpret procedures and regulatory documentation and prepare clear reports and correspondence.
- Strong customer service skills and commitment to providing an excellent customer experience.
- Self-motivated, dependable, and able to maintain punctuality and consistent attendance.
Additional Information
This position does not have supervisory responsibilities. The role requires the ability to perform detailed analytical work, manage multiple concurrent tasks, solve problems, communicate effectively, and work in an environment that may involve frequent interruptions.
MEMBER FDIC – EQUAL OPPORTUNITY EMPLOYER
This job posting is not intended to be an exhaustive list of all responsibilities, duties, skills, or working conditions associated with the position. Management reserves the right to revise the position or assign additional duties as business needs require.
This is a remote position.
We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law.
Herring Bank
Herring Bank was founded in 1899, by Colonel C.T. Herring. Colonel Herring lived in Vernon, TX and saw a need for a bank. The cattleman would drive their cattle from Oklahoma through Vernon to Fort Worth to sell their cattle. When the cattleman sold their cattle and they went back to Oklahoma they were loaded with cash. Oklahoma was know as the badlands for a good reason, when the cattleman crossed in to Oklahoma they could lose their life and it was a sure bet that they would lose their money. With a bank in Vernon, TX, Herring Bank, they could deposit their funds and when they crossed into Oklahoma, the badlands, they would not lose their money, so the thieves had no reason to rob them
At Herring Bank we “Build Relationships for a Lifetime” come join us at our family owned bank.
MEMBER FDIC – EQUAL OPPORTUNITY EMPLOYER
Company Website: www.herringbank.com
(if you already have a resume on Indeed)