Full Time Bank Secrecy Act (BSA) Assistant
Providence Bank Providence Bank Rocky Mount, NC Rocky Mount, NC Full-time Full-time Estimated:
$39.
8K - $50.
4K a year Estimated:
$39.
8K - $50.
4K a year 4 days ago 4 days ago 4 days ago Job Overview We are seeking a detail-oriented and knowledgeable Bank Secrecy Act Assistant to join our compliance team.
This role is critical in assisting the Bank Secrecy Officer with ensuring our institution adheres to all regulations related to the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) laws.
The ideal candidate will possess strong financial acumen and a thorough understanding of regulatory reporting requirements, enabling them to effectively monitor and mitigate risks associated with financial transactions.
Responsibilities Reviews BAM system to determine risk levels of new customers.
Assist with the preparation and submission required reports, including Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs).
Collaborate with internal departments to assist with training on BSA/AML requirements.
Assist with documentation for the Bank's Customer Identification Program (CIP).
Monitor transactions for suspicious activity and investigate anomalies as necessary.
Stay updated on changes in regulations affecting financial institutions.
Experience Proven experience in bank compliance and bank operations.
Proven knowledge and experience with the BSA/AML and its tracking software.
Familiarity with internal audits and regulatory reporting processes is essential.
Excellent analytical skills with the ability to interpret complex financial data.
Strong attention to detail and organizational skills are required.
Ability to work independently as well as part of a team in a fast-paced environment.
Education Must have high school diploma or equivalent.
Associate degree or higher is preferred.
This position offers an exciting opportunity for a motivated professional looking to advance their career in compliance within the banking sector.
GENERAL NOTICE This position description describes the general nature and level of work performed by the employee assigned to this position and should not be interpreted as all inclusive.
It does not state or imply that these are the only duties and responsibilities assigned to the position.
The employee may be required to perform other job-related duties.
All requirements are subject to change and to possible modification to reasonably accommodate individuals with a disability.
Providence Bank is an equal opportunity employer and gives consideration for employment to qualified applicants without regard to race, color, religion, sex, national orientation, gender identity, disability status, protected veteran status, or any other characteristic protected by federal, state, and local law.
Member FDIC Job Type:
Full-time
Benefits:
401(k) 401(k) matching Dental insurance Flexible spending account Health insurance Life insurance Paid time off Vision insurance Physical Setting:
Office Schedule:
Monday to Friday Application Question(s):
This position is an in person role.
Do you currently reside in Rocky Mount or the surrounding communities? Education:
High school or equivalent (Required)
Experience:
bank compliance:
3 years (Required) Bank Secrecy Act:
3 years (Required) Ability to Relocate:
Rocky Mount, NC 27804:
Relocate before starting work (Required) Work Location:
In person.
Estimated Salary: $20 to $28 per hour based on qualifications.
$39.
8K - $50.
4K a year Estimated:
$39.
8K - $50.
4K a year 4 days ago 4 days ago 4 days ago Job Overview We are seeking a detail-oriented and knowledgeable Bank Secrecy Act Assistant to join our compliance team.
This role is critical in assisting the Bank Secrecy Officer with ensuring our institution adheres to all regulations related to the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) laws.
The ideal candidate will possess strong financial acumen and a thorough understanding of regulatory reporting requirements, enabling them to effectively monitor and mitigate risks associated with financial transactions.
Responsibilities Reviews BAM system to determine risk levels of new customers.
Assist with the preparation and submission required reports, including Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs).
Collaborate with internal departments to assist with training on BSA/AML requirements.
Assist with documentation for the Bank's Customer Identification Program (CIP).
Monitor transactions for suspicious activity and investigate anomalies as necessary.
Stay updated on changes in regulations affecting financial institutions.
Experience Proven experience in bank compliance and bank operations.
Proven knowledge and experience with the BSA/AML and its tracking software.
Familiarity with internal audits and regulatory reporting processes is essential.
Excellent analytical skills with the ability to interpret complex financial data.
Strong attention to detail and organizational skills are required.
Ability to work independently as well as part of a team in a fast-paced environment.
Education Must have high school diploma or equivalent.
Associate degree or higher is preferred.
This position offers an exciting opportunity for a motivated professional looking to advance their career in compliance within the banking sector.
GENERAL NOTICE This position description describes the general nature and level of work performed by the employee assigned to this position and should not be interpreted as all inclusive.
It does not state or imply that these are the only duties and responsibilities assigned to the position.
The employee may be required to perform other job-related duties.
All requirements are subject to change and to possible modification to reasonably accommodate individuals with a disability.
Providence Bank is an equal opportunity employer and gives consideration for employment to qualified applicants without regard to race, color, religion, sex, national orientation, gender identity, disability status, protected veteran status, or any other characteristic protected by federal, state, and local law.
Member FDIC Job Type:
Full-time
Benefits:
401(k) 401(k) matching Dental insurance Flexible spending account Health insurance Life insurance Paid time off Vision insurance Physical Setting:
Office Schedule:
Monday to Friday Application Question(s):
This position is an in person role.
Do you currently reside in Rocky Mount or the surrounding communities? Education:
High school or equivalent (Required)
Experience:
bank compliance:
3 years (Required) Bank Secrecy Act:
3 years (Required) Ability to Relocate:
Rocky Mount, NC 27804:
Relocate before starting work (Required) Work Location:
In person.
Estimated Salary: $20 to $28 per hour based on qualifications.
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