Anti-Money Laundering (AML) Specialist

FAIRWINDS Credit Union • University, FL

4d

About The Position

FAIRWINDS Credit Union is seeking a detail-driven AML Specialist to join its BSA team. The role applies the credit union’s BSA/AML/OFAC Policy and Program across the organization. The specialist reviews alerts and investigates account activity, supports law-enforcement and information-sharing requests, advises team members on BSA questions, and helps improve compliance procedures and processes. The position also contributes knowledge and presentations to colleagues in the Risk Department.

Requirements

• 2–3 years of related experience and/or training.
• Understanding of the Bank Secrecy Act, anti-money laundering regulations, and OFAC requirements, including requirements, procedures, and forms for CTRs, SARs, the Customer Identification Program, customer due diligence, enhanced due diligence, and required report logs.

Nice To Haves

• Associate’s degree preferred.
• At least 2 years of AML-specific experience preferred.

Responsibilities

• Research and review alerts, make decisions on them, and prepare Suspicious Activity Reports (SARs) when needed.
• Analyze member accounts for Enhanced Due Diligence (EDD), high-risk designation, and ongoing monitoring.
• Monitor compliance with Office of Foreign Assets Control (OFAC) requirements.
• When directed, assist with subpoenas, law-enforcement requests, National Security Letter (NSL) requests, and 314(a) and 314(b) information-sharing requests.
• Answer team members’ questions about BSA compliance requirements, including through HelpDesk tickets.
• Help with and oversee daily completion of Currency Transaction Reports (CTRs) when needed.
• Complete the annual review of CTR exemptions and conduct ad hoc reviews of accounts that may qualify for exemption.
• Review weekly and monthly Customer Identification Program (CIP) reports as procedures require and take corrective action when needed, including updating member records in the core system.
• Keep up with regulatory changes and best practices related to the Bank Secrecy Act and OFAC.
• Write and update procedures to maintain compliance with BSA/AML/OFAC requirements and recommend improvements to BSA Compliance Program processes.
• Create PowerPoint slides quarterly and present a FAIRWINDS Way topic at the Risk Department’s monthly meeting.
• Contribute to BSA department projects that develop or improve processes and increase efficiency.

Benefits

• 11 paid holidays and generous paid time off.
• 6% 401(k) match.
• Annual $700 contribution to a Health Savings Account.
• Maternity leave program.
• Medical, dental, vision, disability, and life insurance.
• Leadership development, tuition assistance, and advancement opportunities.
• Financial wellness rewards through the Debt Free Club and Dave Ramsey’s SmartDollar program.
• Purpose-driven, people-first culture.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Associate degree