AML/CFT Specialist

Citizens Bank•Big Bend, WI

18h•Onsite

About The Position

This position is responsible for assisting the AML/CFT Officer in administering all aspects of the AML/CFT compliance program. The role involves daily transaction monitoring, evaluating customer activity, reviewing high-risk customers, filing CTRs, and ensuring compliance with various regulations such as the Bank Secrecy Act and OFAC.

Requirements

High School Diploma or equivalent required
Associate degree (A. A.) or equivalent from two-year college or technical school; or one to three years related experience and/or training; or equivalent combination of education and experience required
Ability to read, research, and interpret regulations
Ability to adhere to the reporting and record keeping requirements of the AML/CFT and Anti-Money Laundering rules and regulations to include OFAC and CIP rules.
High degree of accuracy and attention to detail
Strong analytical skills with the ability to multitask
Acts in accordance with the Bank’s Service Excellence model
Must comply with applicable laws and regulations, including but not limited to, the Bank Secrecy Act and the requirements of the Office of Foreign Assets Control. Additionally, all employees must follow policies and procedures to minimize risk by exercising good judgment, raising questions to management, and adhering to policy guidelines.

Nice To Haves

Verafin experience preferred

Responsibilities

Assist the AML/CFT Officer and Coordinator in the day-to-day management of the AML/CFT program.
Help to ensure the bank’s procedures and policies are in compliance with the AML/CFT regulations, SAR reporting, OFAC, and CIP program requirements.
Perform daily transaction monitoring to ensure the Bank adheres to the AML/CFT, USA Patriot Act, Anti-money Laundering, OFAC and CIP compliance policies and procedures.
Alert AML/CFT Officer to issues, errors, or concerns noted during daily reviews.
Evaluate, using the bank’s AML software, customer activity through daily and monthly worklists to identify unusual or suspicious activity.
Review and accept weekly and monthly customer risk worklists. Escalate concerns to the AML/CFT Officer as needed.
Review and certify daily OFAC suspects.
Assist in monitoring the Bank’s high-risk customers and perform enhanced due diligence per the AML/CFT and the bank’s policy and procedures. Escalate concerns and make recommendations to the AML/CFT Officer as needed.
File CTR’s timely in accordance with regulation. Follow-up with frontline staff as needed to ensure all required information is gathered and properly reported.
Ensure compliance with 314a of the USA Patriot Act by monitoring the Bank’s customer base in a timely manner for potential matches. If a match is found, follow up as required by the law and the bank’s procedures.
Assist in identifying training needs and report those needs to the AML/CFT Officer.
Any other duties as assigned.