Anti-Money Laundering Specialist

Royal Credit Union•Minneapolis, MN

7d•Hybrid

About The Position

The Anti-Money Laundering Specialist assists in the development and implementation of all aspects of the Bank Secrecy Act (BSA) program to ensure compliance with the requirements of the BSA, Anti-Money Laundering (AML), Office of Foreign Asset Control (OFAC), and USA PATRIOT Act. Through the direction of the AML/CFT Officer, this role performs the daily responsibilities of the BSA program to ensure the credit union remains compliant, including reviewing, analyzing, submitting, and tracking information using industry standards and regulatory guidance. In addition, this position will review and recommend improvements to the program's policies, procedures, risk assessments, and disclosures, ensuring they contain the necessary components as outlined in regulatory guidance and are effective for the credit union.

Requirements

Bachelor's degree in a related field or equivalent work experience.
At least three years of experience working within a financial institution.
One year of direct AML/CFT program experience.
Strong knowledge of BSA regulations, AML requirements, OFAC compliance, and financial institution operations, practices, and processes.
Advanced analytical, investigative, and critical thinking skills with the ability to identify suspicious activity, evaluate complex account and transaction patterns, make sound decisions, and effectively solve problems in a highly regulated environment.
Exceptional organization, prioritization, and time management skills with the ability to manage multiple deadlines, adapt to changing priorities, work independently with minimal supervision, and maintain productivity in a fast-paced environment.
Strong written, verbal, interviewing, and presentation skills, including the ability to prepare reports and business correspondence, communicate regulatory requirements clearly, answer questions from various audiences, and serve as a trusted compliance resource.
High attention to detail, strong customer service focus, and proficiency using technology, including Microsoft Word, Excel, Outlook, Teams, and other digital tools.
Ability to learn new technologies, perform complex tasks, and work effectively both independently and within a team environment.
Ability to be bondable.

Nice To Haves

Certification in, or the ability to obtain, a AML/CFT -related designation (such as BSACS or ACAMS).
Certification in a AML/CFT -related designation such as BSACS, ACAMS, or a similar anti-money laundering/compliance credential.

Responsibilities

Assists in the development and implementation of all aspects of the Bank Secrecy Act (BSA) program to ensure compliance with the requirements of the BSA, Anti-Money Laundering (AML), Office of Foreign Asset Control (OFAC), and USA PATRIOT Act.
Performs the daily responsibilities of the BSA program to ensure the credit union remains compliant, including reviewing, analyzing, submitting, and tracking information using industry standards and regulatory guidance.
Reviews and recommends improvements to the program's policies, procedures, risk assessments, and disclosures, ensuring they contain the necessary components as outlined in regulatory regulatory guidance and are effective for the credit union.