What are the responsibilities and job description for the BSA Specialist position at Seattle Bank?
Description
Who We Are
At Seattle Bank, we take a personal approach to banking. Locally owned and managed, we are a digitally-driven boutique bank serving families and businesses in the Greater Puget Sound region and delivering partner banking services to companies nationwide. Our experienced team of bankers blends big-bank solutions with boutique-bank service, focusing on building relationships that last and solutions that succeed. From smart technologies that give our clients more control to creative solutions that can make money work smarter, we’re always building better ways to bank. Seattle Bank is one of a small number of banks in the country with a cloud-based, open API core banking system. This technology stack supports our growing array of personal and business banking offerings, as well as our partner banking services that enable fintech's, marketplaces, and brands to embed banking transactions into their customer experience. Ranked in the top ten percent of banks nationally for return on assets and efficiency, Seattle Bank is a wholly owned subsidiary of Seattle Bancshares, Inc., a privately held bank holding company.
Position Summary
The BSA Specialist will support all aspects of the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Office of Foreign Assets Control (OFAC), and USA Patriot Act to ensure Seattle Bank is compliant with all appropriate regulations. This position will perform a wide variety of BSA-related functions including Currency Transaction Reports (CTRs), conducting account research, evaluating AML alerts to mitigate risk, reviewing potential OFAC matches, performing enhanced due diligence, and validating risk ratings.
Requirements
- Participate in activities directly related to BSA/AML and state and federal regulations and monitoring requirements.
- Create, review, and validate procedures related to BSA/AML policy and program.
- Assist with the FinTech Partnership BSA Compliance management program.
- Review AML alerts to mitigate risk and perform investigations.
- Review cash reports, wire reports, and other reports for suspicious activity and investigate related transactions.
- Perform BSA/AML transaction monitoring and reviews to ensure compliance, including investigating and resolving AML alerts, and CDD/EDD reviews.
- Conduct periodic customer due diligence reviews for higher-risk customers.
- Assist BSA Officer with audit preparation.
- Prepare CTRs while maintaining a thorough knowledge of regulatory requirements, including the proper completion of related electronic forms and submission within required deadlines.
- Performs all other duties as assigned.
Minimum Requirements
- Bachelor’s Degree in business, finance, or accounting. An equivalent combination of education and relevant work experience may be considered.
- Advanced knowledge of related state and federal banking BSA and AML regulations. CAMS designation preferred.
- Excellent customer service and communication skills (written and verbal).
- Strong organizational skills and attention to detail.
- Ability to analyze and synthesize large amounts of data.
- Ability to conduct extensive research and apply data to improve BSA Program.
- Ability to prioritize tasks and delegate as appropriate.
- Ability to function well in a fast-paced environment.
- Proficient with Microsoft Office Suite.
Seattle Bank Benefits
We’re committed to delivering our promise of peace of mind to our clients. But we’re also committed to our team members. We have intentionally designed a culture and work space that are highly collaborative, inclusive and supportive. We believe in the value of each team member and offer a full range of benefits and perks designed to support both your personal and professional goals. Our com prehensive benefits program for eligible employees includes:
- Medical, Dental and Vision insurance
- Employee Assistance Program (EAP), Life Insurance, Long Term Disability, Voluntary Life
- 401K with Bank contribution
- Paid Vacation – 3 Weeks
- Paid Sick Time – 1 hour per 40 hours worked
- Paid Holidays – 10 days
- Stock Options
- Annual Bonus Opportunity
- Transportation Benefits
- And fun, extra perks such as company socials and lunches, team development activities, bank sponsored volunteer opportunities, paid volunteer hours, quarterly incentive awards, and professional development opportunities.
Salary : $60,000 - $80,000
