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!
Job Title:
BSA Specialist
Job Description:
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. 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.

Essential Duties and Responsibilities:

• 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).
• Conduct monitoring of client activity to identify instances which may require additional reporting and/or review.
• Provide training and act as the Bank’s Subject Matter Expert for associates related to the Bank’s BSA Compliance Program.
• Conduct High Risk Customer Account reviews, initial and ongoing.
• 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
• May perform quality control reviews of BSA team members’ work (e.g. CTR, SAR, EDD, alerts, etc.)
• 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:

• Overall knowledge of BSA/AML/USAPA/OFAC banking laws and regulations
• Overall knowledge of banking products and services
• Sufficient 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
• 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

Supervisory Responsibilities:

• None

Education and/or Experience:

• Minimum of 2-3 years of banking experience required
• Minimum of 2-3 years of BSA/AML experience preferred
• High school diploma or general education degree

Computer and Software Skills:

• Proficient in Microsoft Office (Word, Excel)

Essential Duties and Responsibilities:

• 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).
• Conduct monitoring of client activity to identify instances which may require additional reporting and/or review.
• Provide training and act as the Bank’s Subject Matter Expert for associates related to the Bank’s BSA Compliance Program.
• Conduct High Risk Customer Account reviews, initial and ongoing.
• 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
• May perform quality control reviews of BSA team members’ work (e.g. CTR, SAR, EDD, alerts, etc.)
• 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 assigne