Senior BSA Specialist
Senior BSA Specialist
Location: | | Department: | BSA Department | |
Reports to: | BSA Officer | Positions Supervised: | None | |
Employee Classification: | ☐ Temporary ☒ Regular Full Time ☐ Part-Time | |||
FLSA Status: | ☐ Non-Exempt ☒ Salary ☐ Hourly ☒ Exempt ☐ Commission | |||
Position Summary:
The Senior BSA Specialist is responsible for ensuring the institution’s compliance with the Bank Secrecy Act (BSA), Anti-Money Laundering (AML) regulations, and related laws. This role involves advanced knowledge of BSA/AML regulations, strong analytical skills, and the ability to exercise independent judgment when identifying and escalating risk.
Essential Functions-Primary Responsibilities and Accountabilities (90%):
Reasonable Accommodations Statement
To accomplish this job successfully, an individual must be able to perform, with or without reasonable accommodation, each essential function satisfactorily. Reasonable accommodations can be made to help enable qualified individuals with disabilities to perform the essential functions.
Essential Task Statements
Branch Credit/Ownership
Advanced Investigations and SAR Activity
- Conduct in‑depth investigations of complex or high‑risk alerts, referrals, and customer activity.
- Determine whether activity meets the criteria for Suspicious Activity Report (SAR) filing.
- Prepare, review, and file SARs with thorough, well‑supported narratives that meet regulatory expectations.
- Review and provide quality control on investigations completed by junior analysts, as assigned.
Enhanced Due Diligence (EDD) and High‑Risk Customers
- Perform and oversee EDD reviews for high‑risk customers, including businesses, MSBs, and other elevated‑risk relationships.
- Assess customer risk, transaction behavior, and mitigating factors.
- Recommend risk ratings, account monitoring enhancements, or exit strategies when appropriate.
CTR and OFAC Oversight
- Serve as a resource for complex CTR scenarios and aggregation questions.
- Review and resolve escalated OFAC sanctions alerts and potential matches.
- Ensure CTR and OFAC processes are performed accurately and in compliance with regulatory requirements.
Branch and Line‑of‑Business Support
- Act as an escalation point for branch and department questions related to BSA/AML, CTRs, OFAC, and unusual activity.
- Provide guidance and education to branches to promote consistent and compliant practices.
- Maintain professional, solution‑oriented communication across all lines of business.
Program Support and Regulatory Readiness
- Assist with internal audits, regulatory exams, and independent testing.
- Help ensure BSA policies, procedures, and controls are effectively followed.
- Identify process improvements and contribute to strengthening the overall BSA/AML program.
Mentorship and Leadership
- Provide training, guidance, and mentoring to BSA Analyst I and II staff.
- Assist with onboarding and development of new team members.
- Model strong work ethics, accountability, and attention to detail.
Customer Service
- Represent Guaranty Bank professionally, efficiently, and tactfully
- Acknowledge and greet customers with a smile, call customer by their name, ask if they need any additional assistance, thank customer at end of every conversation—both internal and external
- Ensure continuing development of professional relationships with management and colleagues.
- Answer and assist incoming callers with questions and requests, subsequently route callers, as appropriate.
Ensure bank is in compliance with federal banking regulations including, but not limited to Bank Secrecy Act, OFAC, Community Reinvestment Act, American with Disabilities Act, Right to Financial Privacy Act, Gramm-Leach-Bliley Act, the Federal Reserve’s “lettered” regulations, and Senior BSA Specialist roles and responsibilities relating to each act.
Additional Functions-Secondary Responsibilities and Accountabilities
Additional Task Statements
- Follow bank policies and procedures
- Assist other departments as needed.
- Perform other duties that may be assigned and requested.
Position Qualifications
Education: Required – High School Diploma or equivalent; Preferred – Associates or bachelor’s degree in business related field.
Experience: Required – 3-5 year of experience in BSA AML support related area; Preferred – 2 to 5 years of experience in Nasdaq Verafin BSA AML technology.
Knowledge and Skills
- Advanced knowledge of BSA/AML regulations, including SARs, CTRs, OFAC, CDD, and EDD.
- Strong investigative, analytical, and decision‑making skills.
- Excellent written communication, particularly for SAR narratives.
- Ability to exercise sound judgment and escalate issues appropriately.
- Strong organizational skills and ability to manage complex workloads.
- Proficient in BSA/AML systems and Microsoft Office (word processing, spreadsheets, and database systems), Outlook, Teams
Licenses and Certifications: Required – None; Preferred – Professional certification in BSA/AML, fraud, or regulatory compliance (e.g., CAMS, CFE, CRCM).
Position Requirements
Competency Statements
- Accountability (core value) – Always do what we say and hold one another accountable.
- Accuracy – Thorough with strict attention to detail; does work right the first time; identifies and corrects errors; produces complete and error free work.
- Active Listening – Gives full attention to what others are saying, attentive to others’ ideas and concerns; asks questions to clarify understanding.
- Conceptual Thinking – Notices similarities between different and apparently unrelated situations.
- Confidentiality (Core Value) – Always maintains strict confidentiality.
- Community Development (Core Value) – Always committed to community development.
- Critical Thinking – Apply rules and logic to situations; considers factors beyond the initial information given.
- Data entry – Proficient alpha/numeric data entry skills.
- Detail oriented – Concentrates on routing work details; carefully monitors and examines one’s own and others’ work; ensures accuracy in documentation and data.
- Ethical Conduct – Conducts oneself consistently with sound banking practices and standards, upholding the values of Guaranty Bank.
- Integrity (Core Value) – Always act with integrity and honesty.
- Respect (Core Value) – Always treats others with respect.
Physical Requirements:
Physical requirements needed to perform the above essential duties, with or without reasonable accommodation, may be requested from Human Resources.
Frequency | Lbs. | |
Sitting | 70% | |
Standing | 20% | |
Walking | 10% | |
Fine Manipulation of hands | 80% | |
Lifting | Daily | 25 lbs. |
Carrying | Daily | 25 lbs. |
Pushing/Pulling | Seldom | 75 lbs. |
Bending/Squatting | Frequent | |
Reaching/Overhead | Occasional | |
Stress Level | High at times |
General notice:
The bank has reviewed the job description to ensure the essential functions and basic duties are current. This job description describes the general nature and level of work performed by the employee holding this position. It provides guidelines for the job expectations and the knowledge, skills, and abilities necessary to perform successfully in this position. This job description in no way states or implies that these are the only duties to be performed. Additional duties and responsibilities may be assigned by supervisors as deemed appropriate. This position does not constitute an employment agreement between the Bank and employee. This position description is subject to change as the needs of the bank and the requirements of the position change.
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