BSA - AML & OFAC Specialist I

First Bank•Wilmington, NC

1d•Onsite

About The Position

The position of a BSA/AML & OFAC Specialist maintains the responsibility of assisting in all areas of BSA/AML and OFAC operations as needed. The Associate is responsible for reviewing and completing regulatory reporting and recordkeeping duties related to BSA and OFAC. The Associate will maintain a strong knowledge of Bank operations, systems, and regulations in order to identify risks. The individual may perform other specific duties as assigned by the BSA Operations Manager. This individual is expected to gain general knowledge and skill in all areas of BSA as directed.

Requirements

High school diploma or general education degree (GED) with 3 years BSA/AML/OFAC Compliance, banking experience or the equivalent combination of education and experience.
Work related experience should consist of duties in a business environment.
Educational experience, through in-house training sessions, formal school or financial industry related curriculum, should be business or financial industry related.
Intermediate knowledge of Bank operations and other Bank operational policies and procedures.
Excellent organizational and time management skills – ability to work with minimal supervision.
Intermediate skills in computer terminal and personal computer operation; mainframe computer system; word processing, spreadsheet and specialty software programs.
Exceptional verbal, written and interpersonal communication skills with the ability to apply common sense to carry out instructions and instruct personnel.
Vision, hearing, speech, dexterity, visual concentration.
A valid driver’s license is required.
Must have the ability to stand, walk, sit and use hands and fingers.
Must have the ability to work the hours and days required to complete the essential functions of the position, as scheduled.
Learning, thinking, concentration, ability to exercise self-control, ability to work in a customer relations’ environment.
Must be able to pay close attention to detail and be able to work as a member of a team.
Must have the ability to interact effectively with co-workers and customers, and exercise self-control and diplomacy in customer and employee relations’ situations.
Must have the ability to exercise discretion as well as appropriate judgments when necessary.

Responsibilities

Compare FinCEN CTR Report to CTRs completed by branches
Review CTRs and make any necessary corrections
Communicate with branch personnel for missing information on incomplete CTRs
Submit completed CTR batch to FinCEN
Research and correct acknowledged CTR errors
Import filing acknowledgements and maintain filed CTR batches
Assist branch personnel with questions relating to CTRs
Daily review of new account reports for all product types
Email branches to request missing CIP, CDD and/or Beneficial Ownership information
Restrict transaction accounts with missing CIP and/or Beneficial Ownership
Maintain tracking log for restricted accounts and missing information
Remove account restrictions and update tracking log after verifying missing information has been entered in teller system
On a weekly basis, follow-up via email with the branch/department on any outstanding requested information
Assist branch personnel with questions relating to CIP/CDD and Beneficial Ownership
Monitor entire customer base for potential matches – daily
Assist branches/departments with potential matches
Meet deadlines for filing annual reports
Maintain all OFAC compliance
Completes annual compliance courses.
Adheres specifically to all corporate policies and procedures. Also adheres to Federal and State regulations and laws; including, the Bank Secrecy Act and the Anti-Money Laundering Act.
Adheres to all levels of our Service Excellence standards.
As needed assist with ensuring First Bank creates and maintains all records required by BSA and related regulations