BSA/AML Compliance Specialist

Job Summary and Scope of Responsibility: Perform daily review and analysis of various transaction reports to identify and monitor Bank Secrecy Act/Anti Money Laundering (BSA/AML) compliance-related issues. Assist with the administration of the Bank Secrecy Act/Anti Money Laundering (BSA/AML) compliance program.

Essential Functions: With or without reasonable accommodation must be able to perform all essential job functions as described below.

• Conduct daily review of reports, alerts and matches generated from the bank's BSA/AML and Office of Foreign Assets Control (OFAC) monitoring software.
• Prepare Currency Transaction Reports (CTRs) for secondary review and filing with manager approval.
• Perform daily review, monitoring and analysis of various system reports, logs and transactions data to identify trends, unusual activity and monitor large currency activity; determine if transactions are suspicious in nature, such as kiting, significant changes in balances, cash structuring in deposits, loan payments and certificate of deposit purchases, wire or ACH transfers, monetary instrument sales, new account openings, etc.
• Prepare Suspicious Activity Reports (SARs) for secondary review and filing with manager approval.

Minimum Qualifications to Perform Essential Functions
Knowledge, Skills and Abilities:

• Basic knowledge of BSA/AML regulations, policies, procedures and functions.
• Professional business writing skills.
• Effective organizational and recordkeeping skills.
• Ability to read, analyze and interpret general banking periodicals, policies, and governmental regulations.
• Ability to define problems, collect data, establish facts, and draw valid conclusions.
• Professional inter-personal and verbal communication skills.
• Ability to perform essential job functions under general supervision.
• Ability to multi-task and respond quickly to changing priorities.
• Aptitude for detail, accuracy and organization.
• Good judgment, decision making and problem-solving skills.
• Computer proficiency, including internet and Microsoft Office Suite products.
• Proficiency at speaking, reading and writing English.

Experience and/or Education:

• Two years of experience in branch operations, bank deposit operations or BSA/AML compliance
• Two years of experience administering Anti-Money Laundering (AML) and Bank Secrecy Act (BSA) policies and procedures, preferred.