Assistant BSA Officer - Downtown Columbia, SC

First Reliance Bank

Columbia, SC

Full-Time

Job Description

The Assistant BSA Officer supports the EVP, Compliance and Risk Management in administering compliance with the Bank Secrecy Act(BSA) and Anti-Money Laundering requirements, including the following tasks and responsibilities:

Conduct customer due diligence and customer risk assessment.
Conduct enhanced due diligence reviews for customers identified as higher risk.
Monitor customer transactions utilizing automated systems and reports for potentially suspicious activity.
File Suspicious Activity Reports (SARs) in accordance with the BSA.
Assist in performing BSA/AML/OFAC risk assessments
Maintain BSA/AML/OFAC policy and procedures.
Prepare Board reports on SAR filings.
Be a subject matter expert and answer day-to-day questions on BSA/AML/OFAC issues.
Stay current with new BSA/AML regulations and enforcement activities.
Ensure implementation of BSA/AML/OFAC record retention requirements.

Experience: Three to five years of experience with BSA and AML regulations desired. Certified BSA/AML Professional (CBAP) certification or ability and willingness to obtain CBAP within one year.