Internal Revenue Agent (Bank Secrecy Act Examiner)

The following are the duties of this position at the full working level. If this vacancy includes more than one grade and you are selected at a lower grade level you will have the opportunity to learn to perform these duties and receive training to help you grow in this position.

• Independently conducts examinations reviews and related financial investigations of complex cases encompassing all types of financial institutions (FIs) and non-financial trades or businesses (NFTBs) to assure their compliance with statutory and regulatory requirements of Title 31 (Bank Secrecy Act) and Form 8300 filing. Conducts examinations/reviews on financial institutions providing regulated services and small and midsize non-financial trades or businesses.
• Interprets and applies the BSA and Internal Revenue Code 6050I rulings court decisions regulations IRS and Treasury policies to determine compliance with requirements including registration of money services businesses (MSB) s development by FIs of anti-money laundering programs recordkeeping and reporting requirements.
• Manages a large inventory of various types of FIs and NFTBs with Financial Crimes Enforcement Network (FinCEN) form filing requirements. Determines the nature scope direction and method of the compliance examination including scheduled and non-scheduled field appointments. Recognizes and develops indicators of fraudulent activities. Performs risk analysis of the business and identifies risk factors to evaluate during the pre-plan phase.
• Researches the financial data maintained on the FinCEN Query when developing Title 31 compliance examinations and Form 8300 compliance reviews. Gathers and researches data from a variety of sources such as internal and external documents and systems unique to an industry financial institution or non-financial trade or business. Responsible for the maintenance and accuracy of Non-Bank Financial Institutions (NBFI) information.
• Examinations include analyzing and validating transactional data within computerized accounting and financial information systems that may reflect a variety of complex financial operations.

• Probationary Period - All newly appointed employees to the competitive (or excepted) service are subject to a probationary (or trial) period. During this time your performance conduct and suitability for continued employment will be evaluated. You will not automatically convert to permanent status at the end of the probationary (or trial) period. Your supervisor must affirmatively determine that continued employment is in the best interest of the Federal service. If no certification is made before the probationary (or trial) period ends your appointment will be terminated. You are encouraged to actively engage with your supervisor seek feedback and understand role expectations. Additional guidance and support will be provided during onboarding.
• Government Credit Card - Obtain and use a Government-issued charge card for business-related travel.
• Tax Audit -The employment of any candidate including a current employee or a new hire selected for this position may be conditional upon classification and/or audit of federal tax returns. This audit may include up to 2 years of returns.

• U.S Citizenship - Must be a U.S. Citizen or National and provide proof of U.S. Citizenship.
• Selective Service Registration - Males born after December 31 1959 are required to be registered with the Selective Service System or prove they are exempt from having to do so.
• Personal Identity Verification (PIV) - Must provide 2 forms of identification from the Form I-9. Federal law requires verification of the identity and employment eligibility of all new hires in the U.S. These documents must be unexpired original or certified copies.

Federal experience is not required. Experience may have been gained in the public sector private sector or through Volunteer Service. One year of experience refers to full-time work; part-timework is considered on a prorated basis. To ensure full credit for your work experience please indicate dates of employment by month/day/year and indicate number of hours worked per week on your resume.

You must meet the following requirements by the closing date of this announcement.

QUALIFICATION REQUIREMENTS: To qualify for this position you must meet the qualification requirements outlined below:
BASIC REQUIREMENTS All GRADES: A Certificate as a Certified Public Accountant (CPA) or a bachelors or higher degree in accounting that included at least 30 semester hours in accounting or 24 semester hours in accounting and an additional 6 semester hours in related subjects such as business law economics statistical/quantitative methods computerized accounting or financial systems financial management or finance.
OR a combination of education and experience equivalent to 4 years that that included courses equivalent to a major in accounting i.e. at least 30 semester hours in accounting or 24 semester hours in accounting and 6 semester hours in related subjects as described above in combination with appropriate experience or additional education.
AND
BASIC REQUIREMENTS All GRADES A Certificate as a Certified Public Accountant (CPA) or a bachelors or higher degree in accounting that included at least 30 semester hours in accounting or 24 semester hours in accounting and an additional 6 semester hours in related subjects such as business law economics statistical/quantitative methods computerized accounting or financial systems financial management or finance.
OR a combination of education and experience equivalent to 4 years that that included courses equivalent to a major in accounting i.e. at least 30 semester hours in accounting or 24 semester hours in accounting and 6 semester hours in related subjects as described above in combination with appropriate experience or additional education.

AND

Specialized Experience GS-11: In addition to the basic requirements you must have 1 year of specialized experience at a level of difficulty and responsibility equivalent to the GS-09 grade level in the Federal service. Specialized experience for this position includes:

• Experience in or related to accounting or auditing that provided the specific knowledge skills and abilities needed to successfully perform the duties of the position. Qualifying experience may have been in accounting auditing tax financial legal or other work that required the knowledge and skill described above to sufficiently demonstrate: 1) Knowledge of and skill in applying professional accounting principles concepts and methodology to the examination of accounting books records and systems; 2) skill in interpreting and applying tax law for individuals and business and/or exempt organizations; 3) knowledge of business and trade practices to analyze business operations and financial conditions; and 4) skill in interacting effectively in a wide range of situations with a broad range of individuals.

• Experience in interpreting and applying professional accounting and auditing techniques and practices to examine various tax returns of individuals and/or business organizations.
• Experience examining accounting systems and records including computerized accounting and financial information systems which reflect a variety of complex financial operations (e.g. budgeting and planning cash flow monitoring and forecasting financial reporting cost tracking asset valuation and utilization).
• Experience with the interpretation and application of Federal tax law in the examination of tax returns for individuals business and/or exempt organizations partnerships and corporations.
• Experience assisting with the recommendation and implementation of Federal tax strategies (i.e. excise tax income tax etc.). Drafting consolidating and reviewing financial statements.
• Knowledge of federal tax and auditing guidelines related to common deductions asset/liability reporting.
• Knowledge of internal controls and conducting audits as part of a team.

OR EDUCATION: A course of study that includes three (3) years of progressively higher-level graduate education leading to a Ph.D. degree or Ph.D. or equivalent doctoral degree in accounting or related field of business law economics statistical/quantitative methods computerized accounting or financial systems financial management or finance.
OR an equivalent amount of combined education and experience as described in paragraphs above

Specialized Experience GS-12: In addition to the basic requirements you must have 1 year of specialized experience at a level of difficulty and responsibility equivalent to the GS-11 grade level in the Federal service. Specialized experience for this position includes:

• Qualifying experience in progressively responsible and diversified professional accounting or auditing work that required 1) knowledge of and skill in applying professional accounting principles theory and practices to analyze and interpret accounting books records or systems specifically to determine their effect on Federal tax liabilities and their adequacy for recording transactions affecting tax liabilities; 2) skill in interpreting and applying Federal tax law for individuals business and/or exempt organizations partnerships and corporations; 3) knowledge of business and trade practices to develop tax issues based on analysis and evaluation of overall business operations and financial condition; 4) knowledge of corporate financial transactions and financial management principles and practices; and 5) skill in interacting effectively with a broad range of individuals and in negotiating with specialists in accounting legal tax and other similar business-related professions.

Examples of qualifying experience may include (this list is not all inclusive):

• Experience preparing written reports and analyses and articulating and communicating results orally and in writing.
• Experience leading risk assessments evaluations and reviews to strengthen accounting controls; lead and conduct internal/external audits; overseeing tax management;
• Experience with the interpretation and application of more complex Federal tax law (e.g. conservation easement Micro-captive insurance Employee retention credit Research and Development credits Taxation of cryptocurrency and other digital assets Pass-through entities (BBA) Transfer pricing operations) in the examination of tax returns for individuals business and/or exempt organizations partnerships and corporations. Leading the implementation and oversight of company tax return revenue and expense reporting.
• Experience conducting examinations of special audit features complex individual and business taxpayers involved in or activities or transactions designated or structured to hide or conceal income such as offshore activities multiple related entities and other means using a wide range of financial and other investigative skills.
• Knowledge of internal controls and leading team audits.
• Leads the implementation and oversight of company tax return revenue and expense reporting.

Continued in Education Section