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BSA/AML Specialist II

Chevy Chase, MD · Banking/Loans
Job Title:  BSA/AML Specialist
Classification:  Exempt
Reports To: BSA-AML Officer

General Summary:  The BSA Specialist is responsible for providing support to the BSA/AML Officer and the VP Fraud/Risk and will administer monitoring programs to ensure compliance with the BSA/AML program by ensuring compliance with all applicable laws, regulations and rules.

Duties and Responsibilities:
  • Primary duty is the performance of work directly related to the general business operations of the Bank’s Financial Intelligence Unit.
  • Key individual for BSA identifiers with deficiencies at account opening or loan documentations when it comes to missing any BSA/AML elements. This includes the regular exercise of discretion and independent judgment with respect to matters of significance.
  • Regularly compares and evaluates possible courses of conduct with respect to transactions, sanctions, customers and accounts, and acts or makes decisions or effective recommendations for actions or decisions after the various possibilities have been considered.
  • Review daily and monitor new account reports ensuring CIP, CDD & EDD are present in the core and/or loan files.
  • Compile, record and maintain appropriate data documents and files to support daily review of CIP, CDD & EDD.
  • Recommends risk ratings based on FFIEC guidance on all new deposit and loan accounts.
  • Engages in in the preparation of reports to the Board, Internal Audit, etc.
  • Engages in gathering and uploading information for all periodic BSA/AML compliance reviews to include FDIC exams, State of Maryland exams and Internal Audits.
  • Maintains and enhances knowledge of BSA/AML related laws by participating in webinars, conferences, meetings and completing annual BSA/AML training.
  • Engages in preparation and gathering data for reports needed by the Leadership Team
  • Proficient in Microsoft Office Suite, e.g. Excel, PowerPoint, Word, Outlook
  • Performs other tasks, functions, and projects as required by the BSA Officer or VP Fraud/Risk.
  • Interpersonal Skills:  A significant level of trust and diplomacy is required to be an effective subject matter expert in the position. In-depth dialogues, conversations and explanations with customers, direct and indirect reports and outside vendors of a sensitive and/or highly confidential nature is a normal part of the day-to-day experience. Communications can involve motivating, influencing, educating and/or advising others on matters of significance.
  • A Bachelor’s Degree
  • 1-3 years of experience of within BSA and the Financial Industry
  • Must have the ability to work well independently
  • Be a team player
  • Ability to maintain attention to detail
  • Excellent written and verbal communication skills.
  • Work well across all Business Lines
  • Ability to analyze potential courses of action on significant matters and make an informed decision on how to act and/or make and defend effective recommendations
This job description may be amended from time-to-time in the discretion of the Bank.  Moreover, the Bank may assign other related duties that are not specifically listed on this Job Description.

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