BSA/AML Compliance Associate
About The Position
Assist in maintaining BSA/AML/OFAC requirements and monitoring cash transaction activity in order to determine if the bank is in compliance with the regulatory requirements. Assist in the preparation of compliance and other reports by accurately documenting findings, preparing, reviewing, submitting Suspicious Activity Reports and Currency Transaction Reports in order to ensure understanding of exam results, comply with the Bank Secrecy Act and other acts, laws and regulations. Assist in the handling of alerts produced by the BSA/AML monitoring system. Perform operational support duties such as verifying new CIF set-ups, photo IDs, and W-9s. Assist BSA Officer, Assistant BSA Officer, and BSA Compliance Analysts in an appraisal of internal controls in order to determine the propriety and level of compliance with laws, regulations and bank policies and procedures, including reviewing government lists for possible matches with OFAC and 314A lists against the bank’s customer files; assisting with internal auditors and federal examiners in compiling information as requested. Develop and maintain a personal program for maintaining an adequate level of knowledge in compliance and security matters, ensuring tactful and diplomatic interaction with employees contacted during reviews, and demonstrate personal and interpersonal behavior, attitude, judgment, communication and initiative with customers and employees in order to ensure an acceptable degree of performance.
Requirements
- General knowledge and understanding of compliance and security-related laws and regulations, such as the Bank Secrecy Act/Anti-Money Laundering Act/OFAC.
- Strong organizational, time management, problem prevention, and problem-solving skills.
- Ability to convey detailed information and instructions clearly.
- Proficient in Microsoft Office Suite and related program software.
- Proficient with or the ability to quickly learn position-related software.
- Ability to effectively use general office equipment.
- Ability to handle sensitive and confidential information with discretion.
- Highly developed interpersonal skills and professional attitude.
- Good customer relations and telephone skills.
- One-plus years of general banking or related experience.
Nice To Haves
- Knowledge of accounting principles, auditing standards and techniques.
- Associate or bachelor’s degree in accounting or equivalent educational experience.
- Auditing experience.
Responsibilities
- Maintaining BSA/AML/OFAC requirements
- Monitoring cash transaction activity
- Preparing compliance and other reports
- Documenting findings
- Preparing, reviewing, submitting Suspicious Activity Reports and Currency Transaction Reports
- Handling alerts produced by the BSA/AML monitoring system
- Performing operational support duties such as verifying new CIF set-ups, photo IDs, and W-9s
- Assisting in an appraisal of internal controls
- Reviewing government lists for possible matches with OFAC and 314A lists against the bank’s customer files
- Assisting with internal auditors and federal examiners in compiling information as requested
- Developing and maintaining a personal program for maintaining an adequate level of knowledge in compliance and security matters
- Ensuring tactful and diplomatic interaction with employees contacted during reviews
- Demonstrating personal and interpersonal behavior, attitude, judgment, communication and initiative with customers and employees
Benefits
- Health, dental, and vision benefits
- 401k w/ company match
- Paid time off; paid holidays
- Group and voluntary life insurance and disability insurance
- Aflac supplemental plans
- Employee Assistance Program
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
Associate degree
