BSA/AML & Anti-Fraud Customer Liaison

Come Grow with Us and Join an Award-Winning Organization! Stearns Bank is looking for a BSA/AML & Anti-Fraud Customer Liaison. This is an In-Office position based out of our St. Cloud Bank location in Minnesota. 

JOB SUMMARY: This position is responsible for assisting the BSA Officer as directed, with emphasis on BSA/AML & Anti-Fraud issues in both the Bank’s branch and online account opening environments.  This position is responsible for performing independent review and analysis on individuals and entities to ensure compliance with the Bank Secrecy Act, the USA PATRIOT Act, and adherence to Bank policy involving BSA/AML and OFAC compliance activity monitoring. This monitoring will include, but not limited to, Suspicious Activity Reporting (SARs), Enhanced Due Diligence (EDD)/high risk customer reviews, Currency Transaction Reports (CTRs), monetary instruments, gift cards, funds transfers, remote deposit, ACH, missing CIP, beneficial ownership, the CTR exempt persons list, information sharing, and maintaining various other BSA related reports/records (all summarized as “BSA/AML”).  A significant level of trust, credibility and diplomacy is required for this position, as this may include in-depth dialogues, conversations, and explanations with deposit customers regarding items of a sensitive and/or highly confidential nature.

RESPONSIBILITIES

• Establish and maintain a high degree of knowledge of banking rules, regulations and best practices that are applicable to compliance with the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), and Anti-Financing of Terrorism rules and regulations.
• Maintain a working knowledge of rules, regulations and best practices pertaining to banking that are applicable to compliance with:

• Bank Secrecy Act
• USA PATRIOT Act
• SBA OIG Referrals, and 
• Any other compliance regulation assigned to the team. 

• Serves as a resource person for Bank team members on CIP/KYC items.
• Serves as a resource person for Bank team members on BSA/AML and OFAC issues.
• Serves as customer liaison involving possible fraud, elder abuse, and/or scam related activity.
• Responsible for monitoring account activity to identify fraudulent financial transactions and violations.
• Analyze transaction data and patterns to identify suspicious activities.
• Responds promptly and professionally to internal and external customers regarding resolution of issues related to fraud.
• Continuously review and enhance fraud prevention and detection processes and tools based on evolving threats and organizational needs.
• Enhanced Due Diligence – identification and monitoring of higher risk customers.
• Monitoring, analysis, investigation and disposition of alerts in the electronic monitoring system.
• Investigate, research, document cases and disposition of suspicious activity and make recommendations for SAR, FinCEN or Non-SAR case determinations.  
• Follow-up reviews of suspicious activity based on previous SARs filed.
• Backup for CTR filing and maintenance of the CTR Exemption List.
• Work with BSA coordinators designated at Stearns Bank branch and affiliate locations regarding their BSA compliance procedures and processes.     
• Assists in ensuring that the Bank’s BSA programs have conformity and adherence with applicable state and federal laws and regulation.
• Assists in development of new policies, procedures and personnel training on BSA matters while actively looking for ways to improve or create efficiencies.
• Assists in gathering documents for BSA/AML compliance audits and examinations.
• Performs a variety of daily tasks; reviews reports, prepares correspondence; and participates in or leads special department projects.
• Loss prevention and security as applicable for this position.Assist BSA Officer on compliance, BSA/AML, and/or other special projects, as needed.
• Willingness to physically visit individual Stearns Bank branches on a rotational basis or as needed.

REQUIREMENTS

• Occasionally lift and/or move up to 25 lbs.  
• Ability to understand and follow instructions in English.

Ability to sit for extended periods of time, use hands to twist, handle or feel objects, tools or controls, such as computer mouse, computer keyboard, calculator, stapler, telephone, staple puller, etc., reach with hands and arms, balance, stoop, kneel, talk or hear.

QUALIFICATIONS

• Bachelor’s degree (B.A.) from four-year college or university; or three to five years related experience and/or training; or equivalent combination of education and experience. 
• Three to five years BSA/AML experience with demonstrated understanding and accountability