Senior BSA Specialist

Enterprise Bank & Trust was founded in the spirit of entrepreneurship and community. From the small mom-and-pop coffee shop to the large construction company that employs local people, our goal is to help businesses succeed and our communities thrive.

With offices in Arizona, California, Florida, Kansas, Missouri, New Mexico, Nevada and Texas, we're strong, growing and committed to supporting the communities we serve. We extend this commitment to the community to our associates, offering annual paid volunteer time off and charitable-matching opportunities. Voted a Best Bank to Work For by American Banker for multiple years, we offer our associates an array of benefits and the opportunity to chart their own career path with us. Join us in the pursuit of our mission to guide people to a lifetime of financial success, and enjoy a career filled with professional growth opportunities, interesting colleagues and the satisfaction of supporting our communities.

Together, there's no stopping you!

Summary:

Responsible for the timely filing of all required Currency Transaction Reports (CTRs), Suspicious Activity Reports (SARs), Monetary Instrument Logs (MILs), as well as compliance with other BSA recordkeeping requirements (including but not limited to exempt assessments and filings, high risk analysis). Assists the Compliance Manager with the daily and periodic monitoring and researching of state and federal compliance requirements, acts, and laws related to the Bank Secrecy Act , Office of Foreign Assets Control (OFAC) and the USA Patriot Act to prevent money laundering, fraud and terrorism. Leverages broad knowledge of business functions and external factors to analyze emerging risks and potential compliance issues. Handles more complex issues personally, and provides guidance and support to the Bank and the BSA Specialists.

Essential Duties and Responsibilities:

• Act as Subject Matter Expert on the Bank's BSA AML OFAC program, to all associates and BSA Team. Coordinates and collaborates with multiple business and functional areas on the development of internal controls and compliance measures.
• Act as main contact for 314(a) and 314(b) requests
• Assigning alerts among BSA Specialists (CTRs, SAR case reviews, etc.). Responsible for the timely filing of Currency Transaction Reports (CTRs), Suspicious Activity Reports (SARs), as well as compliance with other BSA recordkeeping requirements and reporting such as 314a and OFAC (daily), and reporting of blocked property to OFAC. Review SARs and CTRs and manage filing reports with FinCEN as required. Providing guidance and training to BSA Specialists on the same.
• Conduct monitoring of client activity to identify instances which may require additional reporting and/or review.
• Participate in providing training for associates related to the Bank's BSA Compliance Program.
• Conduct High Risk Customer Account reviews, initial and ongoing. Perform regression analysis.
• Performs function of BSA/AML system administrator.
• Create and provide reports for the Board of Directors.
• Act as a point of contact for Federal and State Regulatory agencies as part of routine exams.
• Completes enhanced due diligence on identified customers, assesses the overall risk and completes necessary documentation of findings
• Analyzes high-risk customers and other identified accounts for unusual and suspicious activity
• Works collaboratively with banks to understand bank customers; communicates internally to all lines of business to obtain additional information and further documentation to complete analysis of identified accounts
• Completes annual targeted reviews of customers such as; ATM owners/operators and Money Service Businesses
• Files Currency Transaction Reporting Exemptions (DOEP) with FinCEN and completes the annual reviews
• Performs quality control reviews of peer EDD reviews
• Ensures that EDD files are maintained and thoroughly documented
• Recommends customers for closure and for further investigation where risk tolerances are exceeded based on EDD reviews
• Provides prompt escalation of BSA findings to appropriate management
• Attends BSA training sessions as directed by management
• Provides other assistance as requested to the BSA/AML Officers in the daily responsibilities of managing the Bank's BSA/AML and OFAC Compliance Program
• Other job related duties as assigned

Qualifications:

• Demonstrated knowledge of BSA/AML/USAPA/OFAC banking laws and regulations
• Demonstrated knowledge of banking products and services
• Demonstrated knowledge of federal and state BSA-related requirements
• Ability to effectively communicate, both verbally and in writing, federal and state regulatory requirements to applicable business units and individuals, and provide guidance and direction to BSA Specialists as necessary
• Ability to interpret regulations, assess program and determine actionable steps for compliance
• Needs to effectively work with Microsoft Office products and other computer software programs
• Organizing priorities and meeting deadlines
• Ability to identify unusual customer transaction patterns indicative of suspicious activity and conduct further investigation
• Ability to act as system administrator

Supervisory Responsibilities:

• None

Education and/or Experience:

• Minimum of 5 years of banking experience required
• Minimum of 5 years of BSA/AML experience required
• Minimum 2 years coaching, leading or mentoring others
• Bachelor's degree or equivalent

Computer and Software Skills:

• Proficient in Microsoft Office (Word, Excel)
• Bankway
• Salesforce
• Verafin

Certificates, Licenses and Registrations:

• None

Equal Opportunity Statement:

Enterprise Bank & Trust is committed to helping individuals with disabilities participate in the workforce and ensuring equal opportunity to apply and compete for jobs. If you need an accommodation in order to apply for a position at Enterprise Bank & Trust please contact Human Resources athr@enterprisebank.com.

Enterprise Bank & Trust is committed to managing our business and community relationships in ways that positively impact our associates, clients, and the diverse communities where we work and live.We are proud to be an Equal Opportunity Employer.All qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, national origin, sexual orientation, gender identity or protected veteran status and will not be discriminated against on the basis of disability.All employment offers are contingent upon the applicant successfully completing both drug and background check screenings.If you would like more information about your EEO rights as an applicant under the law, please click HERE.