BSA Specialist presso First Federal Bank

Why work for First Federal Bank? 

Our company culture is driven by our desire to serve our members and communities, something we have done for over 100 years. Along with doing meaningful work, enjoy perks and benefits that come along with being part of Idaho’s only mutual bank – no stockholders or majority owners, just our account members!

Eligible First Federal Bank employees receive paid vacation, sick leave, and holidays; health insurance, dental insurance, and vision insurance; 401(K) retirement; educational assistance; life insurance; and long-term disability insurance.

Employees also receive paid community service hours and can participate in our Pay-It-Forward program to give back to the communities we serve. In addition, the First Federal Foundation has provided over $1.4 million to local non-profits since 2003. For a meaningful job and to be part of a community-focused team, as well as much more, apply today at www.bankfirstfed.com/careers.

Essential Duties and Responsibilities

• Assists BSA Officer in researching, monitoring and communicating regulatory changes in BSA/AML.
• Generate the necessary monitoring suspicious activity reports from the monitoring software or any other application systems used to detect suspicious activity.
  
• Identify, investigate, and report suspicious activity or incidents utilizing various automated or paper-based money laundering and suspicious activity detection systems.
  
• Monitor Bank accounts for suspicious activity related to money laundering, terrorist financing, fraudulent check transactions, identify theft, wire fraud, and other Bank related criminal activities.
  
• Gather necessary supporting documentation from other departments and/or financial centers regarding suspicious transactions or customers under review.
  
• Research information and accurately write Suspicious Activity Report (SAR) narratives and file SARs on a timely basis.
  
• Document all investigative efforts, regardless whether suspicious activity or fraud is determined.
  
• Maintain electronic storage of supporting documentation of all investigative efforts.
  
• Provide information to BSA Officer and assist Suspicious Activity Report (SAR) recommendations.
  
• Review Currency Transaction Reports for accuracy and file in compliance with regulatory timeframe.
  
• Identify, investigate, and report customers for exempt consideration to BSA Officer.
  
• Provide information to and assist BSA Officer with initial Exempt recommendations.
  
• Conduct annual customer reviews as assigned by BSA Officer.
  
• Assist BSA Officer with FinCEN 314(a) process list requests, including conducting and documenting appropriate research and respond in compliance with regulatory timeframe.
  
• Monitor Customer Identification Programs (CIP) and Customer Due Diligence (CDD).
  
• Conduct enhanced CDD on high-risk customers, or existing customers identified through ongoing activity, that may have insufficient or incomplete CDD information.
  
• Perform general secretarial duties, such as filing, mailings, and fielding phone calls.
  
• Update and maintain department databases.
  
• Complete ongoing specific training in BSA/AML compliance requirements.
• Identify research, investigate, and report high-risk activity and potential high-risk customers to the BSA Officer.
  
• Conduct periodic monitoring of high-risk customers and/or high-risk activities as required by departmental procedures.
  
• Conduct OFAC screening, scans and perform system updates.
  
• Assist in preparation of AML Board Reports.
  
• Assist in investigations of internal and external activities, in cooperation with government agencies and law enforcement officials, activities that may involve or have involved criminal activity.
  
• Perform all job duties and maintain compliance with all banking acts, laws and regulations applicable to your job function. 

Non-Essential Duties and Responsibilities

• Work with the Branches on follow-up items required for CTR’s and to provide training as needed.
  
• Work on special projects as requested by the BSA Officer or Chief Risk Officer.
  
• Assist in preparation for regulatory examinations and other duties as assigned.
  
• Provide backup support to the Security Department as needed.
• Assist BSA Officer with other assigned tasks as requested.

Qualifications Required
(Required education may be satisfied by experience and/or working knowledge)
High School diploma or equivalent. An intermediate level knowledge of Microsoft Office Suite products with an emphasis on Word, PowerPoint and Excel to include creating and formatting spreadsheets in Excel. At least 2 years of banking experience and be familiar with standard concepts, practices, and procedures related to BSA and AML.

Qualifications Preferred
Associates or Bachelor’s degree is preferred. BSA Certifications such as CAMS, CBAP, or CAFP are also preferred.