236 – Bank Secrecy Act Compliance Specialist Position Available In York, Maine

236 – Bank Secrecy Act Compliance Specialist
Req #804
Kennebunk, ME, USA Job Description
Posted Thursday, May 15, 2025 at 10:00

PM Job Title:

Bank Secrecy Act (BSA)

Compliance Specialist Department:

BSA Compliance Reports To:

Bank Secrecy Act Officer Overtime Exemption:

Non-Exempt Kennebunk Savings operates on the shared belief that Helping One Another Is the Right Thing To Do. Our Core Values- Trust, Integrity, Proactive and Empathy provide the guide posts for how we support that belief. They guide our day to day actions – from the way we build relationships, to how we make decisions and problem solve, to how we interact with one another. Our Core Values form the foundation of our culture. Embodying them forms the basis of what makes for a successful employee at Kennebunk Savings.

Scope of Work:

Under the general guidance of the Bank Secrecy Act Officer(BSA Officer), and in accordance with established policies and procedures, incumbent is responsible for ensuring BSA Compliance through Currency Transaction Reporting (CTR), Customer Identification Program (CIP) tracking and monitoring. Incumbent handles compliance with Office of Foreign Assets Control (OFAC) requirements by performing new account testing, database reviews and processing 314a requests by dual control between BSA Specialists Essential Functions (3): Responsible for compliance with all aspects of

BSA/AML/OFAC

including detection, review and completion of BSA required forms and logs. Responsible for delivery BSA training, New Employee Orientation (NEO) and

Incubator Training:

Reviews for accuracy and/or completes all required cash reporting and monetary instrument forms and/or logs as they relate to BSA compliance. Ensures detection, accuracy and timely submission of all required CTRs by dual control. Management of CTR exempt customer review, including initial, requalification, revocation and recommendations for new exemptions. Performs OFAC and Financial Crimes Enforcement Network (FinCEN) customer database reviews. Manages and maintains internal OFAC Watch Lists. Assists Retail Experience, Branches, Credit Administration, Accounting departments with potential OFAC matches. Monitors for compliance with OFAC at account opening. Monitors BSA Inbox and takes appropriate action. In consultation with the Senior BSA Specialist, BSA Specialists are responsible for delivery of live and virtual annual BSA branch training, NEO and participation in Incubator training. Responsible for analysis of specific

BSA-AML & OFAC

alerts. Ensures compliance with the Bank’s Customer Identification Program (CIP) and Beneficial Ownership Interest (BOI) requirements. Monitors new deposit accounts to verify that are opened are in compliance with the Bank’s CIP and required CIP documents have been collected. Obtains daily Business Analytics (BA) report from the core. Performs weekly and monthly reviews of missing Critical CIP. Coordinates with Branch staff for collection of missing Critical CIP and account closure recommendation in accordance with the Bank’s CIP. Completes initial BSA risk rating review based on the Bank’s risk criteria of new deposit accountholders/owners including Private ATM Owners/Operators and refers any accounts that may require more than a Moderate risk rating to the Senior BSA Specialist. Monitor, review and enter

CDD & EDD

data obtained when a new deposit account is opened or through ongoing monitoring. Conducts behavior reviews for deposit accounts, including initial behavior settings, determines the frequency of the ongoing behavior reviews, and recommends periodic changes to behavior settings. Responsible for reviewing any monitoring software and/or system generated reports and alerts, as well as, through general awareness of customer activity, to detect fraud and/or suspicious activity: Reviews BSA software alerts, including 314(a), escalating any that need additional/immediate review and/or mitigating steps to prevent additional fraud/loss or Law Enforcement reporting. Manual review of various activity reports maintained outside of the BSA software for suspicious activity detection. Document suspicious activity detected and prepare a suspicious activity referral as appropriate. Conducts quarterly monitoring of the Bank’s Treasurer’s Check (TC) log to detect potential Cannabis related activity. Conducts appropriate monitoriong of activity once detected. Escalate for potential SAR filing as appropriate.

Other Duties & Responsibilities:

Promotes the Kennebunk Savings Brand by recommending our products and services, supporting our community focus & commitment to being a premier employer Understands, supports and adheres to applicable organizational policies/procedures and state/federal regulations Consistently emphasizes the importance of teamwork in the department and company at large Responsible for keeping abreast of company news and information Responsible for completing required training and policy review May serve on various committees Willingness to take on additional tasks and duties

Certifications & Licenses Required:

Not applicable

Desired Knowledge, Skills & Abilities:

Displays high level of regard for trust and confidentiality Proficient in Microsoft Office Products Displays strong written and verbal communication skills Displays strong organization skills and the ability to multi-task to meet established deadlines Demonstrates a high level of accuracy and attention to detail Effectively uses analytical skills to solve technical, as well as, non-technical problems Prior experience working with BSA or similar analytical software preferred Prior knowledge of regulations within the financial services industry is preferred Ability to adapt to change

Desired Job Experience:

2+ years of banking experience is preferred Experience in a professional, service focused and fast-paced environment

Desired Education:

High school or

General Education Diploma Working Conditions & Minimum Physical Requirements:

Physical surroundings are generally pleasant and comfortable with minimal exposure to injury or other hazards Dexterity of hands and fingers to operate a computer and other office equipment Lifting and moving of moderately heavy objects on occasion Normally seated for extended periods of time External and internal applicants, as well as position incumbents who become disabled as defined under the Americans with Disabilities Act, or Maine/New Hampshire Human Rights Commissions, must be able to perform the essential job functions (as listed) either unaided or with the assistance of a reasonable accommodation to be determined by management on a case-by-case basis. Last Updated 5/7/2025 Job Details
Job Family
Risk Management
Pay Type
Hourly
Education Level
High School
Hiring Min Rate
21.82 USD
Hiring Max Rate
26.17 USD