BSA/AML Specialist

North Shore Bank•Brookfield, WI

About The Position

The BSA/AML Specialist performs operational tasks to ensure accuracy and compliance with applicable rules, regulations, and bank best practices related to the bank’s BSA/AML and OFAC program. The role supports the bank’s customers and staff by reviewing activity and customer information, assessing risk, preparing regulatory reports, answering questions, and recommending actions that maintain compliance. Other duties may be assigned by the manager as needed to support the bank’s efficient and effective operation.

Requirements

High school diploma or equivalent.
At least two years of banking experience.
Knowledge of BSA/AML, compliance, internal audit, banking operations, procedures, and data processing concepts.
Ability to build consensus among peers.
Effective communication and presentation skills.
Ability to identify workflow deficiencies or inefficiencies and work collaboratively toward effective resolution.
Ability to prioritize work among competing tasks.
Ability to perform the essential duties satisfactorily, with reasonable accommodations as applicable.
Ability to occasionally lift and/or move up to 15 pounds and occasionally drive.

Responsibilities

Assist with writing, reviewing, and submitting Cash Transaction Reports (CTRs) and Suspicious Activity Reports (SARs), including detailed narratives of customer and account activity.
Review wire and other customer-specific activity for OFAC alerts, potential suspicious activity, and high-risk customer identification; research, resolve, and respond appropriately to alerts.
Review consumer and business questionnaires for accuracy and completeness; assign customer risk ratings and establish appropriate customer review schedules.
Conduct ongoing reviews of customers requiring enhanced due diligence and analyze customers, products, and services for BSA risk, including ATM owners, ACH and RDC transactions, Monetary Instrument Logs, wire activity, and OFAC matters.
Analyze information to determine a customer’s current or changed risk profile and communicate the analysis verbally and in writing.
Follow up on BSA/AML reports to ensure accuracy before submission, including FinCEN 314a reports.
Attend BSA/AML and OFAC-related training to stay current on regulatory expectations.
Respond to BSA- and OFAC-related questions from branch and department staff, escalating advanced questions to the appropriate team member.
Make recommendations to maintain compliance with BSA/AML and OFAC requirements.
Perform other duties specified by the manager and contribute to the bank’s efficient and effective operation.