BSA/AML Compliance & Risk Specialist I

Coastal States Bank•Atlanta, GA

1d•Onsite

About The Position

Coastal States Bank was founded on the relationships we build with each other and the communities we serve. At Coastal States Bank, we seek dedicated individuals who will strive to provide excellent customer service and help us achieve our values. This position requires full-time hours Monday through Friday. The work location is within our corporate office on Galleria Parkway. Pay is commensurate to experience in banking experience within BSA. Only qualified candidates will be contacted.

Requirements

Expertise in Bank Secrecy Act (BSA) and Anti-Money Laundering compliance is a core requirement of this position.
Self-Motivated and Team Player
Responsiveness
High attention to detail
Organizational skills
Strong ethics
Advanced technical skills
Excellent written and oral communication skills
Bachelor’s Degree in related field or 3-5 years of experience within the business or financial services industry is required.
Minimum of 5+ years’ experience in the banking regulatory environment is required.
The responsibility to acquire and maintain the required knowledge of State and Federal Banking regulations and policies.

Nice To Haves

ACAMS certification is preferred but not required.

Responsibilities

Develops and maintains expertise in the implementing regulations of the Bank Secrecy Act (31 CFR Chapter X), FinCEN guidance, anti-money laundering risk management principles, and the Bank’s BSA/AML compliance program.
Develops and maintains expertise in the operation of the Verafin AML system.
Review and mitigate any BSA/AML (“FRAML”) and CDD/EDD alerts, conduct appropriate investigations and decide on the disposition of the alert.
Ensure compliance with program requirements regarding onboarding of new clients, including completion of Account Opening Questionnaires (AOQs) and CDD/EDD requirements, as applicable.
Conduct new account due diligence reviews and open investigations when appropriate.
Conducts periodic reviews of high risk client (HRC) behavior and updates CDD/EDD information, as necessary.
Identify and make decisions regarding when suspicious activity investigations should be conducted.
Complete SARs and prepare them for review by the BSA/AML Officer.
Conduct 90 day follow up on all filed SARs.
Complete daily Currency Transaction Reports (CTRs).
Upload the 314a listing and work any potential matches.
Report any 314(a) or OFAC matches to the BSA/AML Officer.
Prepare reports on BSA/AML issues as requested by the BSA/AML Officer.
Assist other BSA department team members as needed and provide guidance to Bank staff whenever necessary.
Assist in managing 314b requests at the direction of the BSA/AML Officer.
Assist in providing reports and documentation for Audits, Regulatory Exams and management.
Work closely with the Corporate Security Officer in identifying and reporting any criminal activity.
Attend BSA/AML related training as directed by management and regulators.
Adheres to defined policies, procedures and guidelines.
Provides other compliance related support as needed, at the discretion of the Chief Compliance Officer.