with audits and other examinations. The BSA Specialist II is also responsible for assisting the Fraud Manager with the development and updating of BSA related policies and procedures, and is responsible for obtaining Customer Due Diligence from branches to perform ongoing due diligence of customer profiles.
The BSA Specialist II will analyze alerts in Prime, escalate them to cases and analyze the customer relationship, and make recommendations if a SAR needs to be filed with Fin CEN. DUTIES AND RESPONSIBILITIES Collaborate with the Compliance/BSA Officer and the Fraud Manager in implementing and overseeing a BSA/AML and OFAC Program consistent with regulatory expectations and BSA/AML
Pillars. Collaborate with Human Resources in creating and administering BSA/AML and OFAC training. Create and revise BSA and OFAC Policies and procedures. Update the BSA Risk backssment.
Identify potential risk situations/impact and make recommendations or escalate to the Fraud Manager. Apply effective processes for Customer Due Diligence (CDD), customer risk rating, and Enhanced Due Diligence (EDD) for high risk customers consistent with the Bank's BSA program and risk backssment. Conduct periodic EDD for all " High Risk" and " Moderate Risk" customers as needed. Review the OFAC reports during account opening and quarterly reporting. Conduct transaction monitoring
and investigate potentially suspicious activity. Make certain that transaction monitoring is risk-based and adequately covers higher-risk products, customers, and regions identified in the Bank's AML risk backssment.
Maintain compliance with reporting requirements, including, but not limited to Suspicious Activity Reporting and Currency Transaction Reporting. Review cases and perform further investigations consistent with the Bank's policies and procedures. Provide accurate documentation of the suspicious activity reports and recommend appropriate actions to the BSA Officer. Communicate internally with all lines of business to obtain additional information and documentation to complete analysis of identified accounts and provide recommendations for case resolution, including account closure.
Prepare Suspicious Activity Reports (SARs) and follow appropriate review, documentation and follow-up steps as outlined in Bank's BSA/AML Program. Adhere to all state and federal BSA/AML requirements such as Bank Secrecy Act, USA PATRIOT Act, Anti-Money Laundering, and OFAC regulations. Identify new and revised laws and regulations impacting bank operations and the BSA Program. Serve as a BSA Subject Matter Expert for all Lines of Business. Assist as a back-up to the Fraud Team.
Other duties and special projects may be assigned at the discretion of the Fraud Manager. QUALIFICATIONS Bachelor's Degree preferred and a minimum of six years BSA/AML and OFAC experience in a financial institution. Experience in managing a BSA Program. Knowledge of USA Patriot Act and recent related laws and regulations. Certified Anti-Money Laundering Specialist (CAMS) or similar certification a plus. Ability to effectively communicate with all levels of management and staff. Strong project management skills, attention to detail and ability to work under pressure to meet time-sensitive deadlines.
Knowledge of Microsoft Office, Microsoft Teams, Word, Excel and Share Point is preferred. Knowledge of FIS Prime AML and Actimize a plus. ABOUT US For over 100 years, Peoples Bank has maintained a philosophy of commitment to the customer, a belief that has allowed Peoples Bank to thrive and continue to serve communities within its Indiana and Illinois footprint. It's the same philosophy that drives Peoples now as it did in 1910 when the Bank first opened for business. Today, the company keeps better banking moving forward for its customers and communities at Banking Center locations across Northwest Indiana and Chicagoland.
Headquartered in Munster, Indiana, Peoples Bank is a locally managed community bank whose mission is to help our customers and communities be more successful. We do this by providing a variety of consumer, business, and wealth management products, and offering a wide range of digital banking services to meet the unique needs of our customers. Peoples is an Equal Opportunity Employer of women, minorities, protected veterans and individuals with disabilities. Job Posted by Applicant Pro
