Compliance Specialist

AmFirst•Birmingham, AL

21d

About The Position

The Compliance Specialist will oversee the CTR process, maintain sanctions compliance, provide member support, and conduct reviews of various financial transactions and logs. This role involves identifying and escalating compliance concerns, supporting audits and examinations, and ensuring adherence to all relevant rules and regulations. The specialist will also be responsible for maintaining up-to-date knowledge of compliance requirements and providing accurate and professional service to internal and external contacts.

Requirements

One to three years of similar or related experience in a credit union or financial institution is preferred.
Base knowledge of Anti-Money Laundering, Countering the Financing of Terrorism, OFAC, Fraud, and/or Compliance program is preferred.
Two-year college degree or completion of a specialized course of study at a business or trade school.
BSA certification preferred or able to obtain BSA certification within a specified time is required.
Proficiency in utilizing credit union systems, software applications, and office equipment.
Proven ability to collaborate effectively with cross-functional teams.
Ability to work independently with minimal supervision, exercising sound judgment and decision-making.
Excellent verbal and written communication skills.
Highly organized, with the ability to manage and prioritize multiple complex tasks simultaneously.
Critical thinking skills to analyze data, derive facts, and utilize independent judgment.
Experience in using software and tools for documentation, analysis, and research within compliance-related areas.
Strong work ethic and desire to enhance knowledge base, technical skills, and self-motivation.

Nice To Haves

Experience in a credit union or financial institution.
Base knowledge of Anti-Money Laundering, Countering the Financing of Terrorism, OFAC, Fraud, and/or Compliance program.
BSA certification preferred or able to obtain BSA certification within a specified time.

Responsibilities

Oversee the CTR process by reviewing excessive cash transactions, preparing and filing CTRs, and monitoring submissions for accuracy, completeness, and timeliness.
Investigate and resolve CTR-related issues by researching discrepancies, adjusting filings, and addressing exceptions.
Maintain sanctions compliance by updating SDN lists and screening systems and processing 314(a) requests within required timeframes.
Provide internal and external member support by phone, email, and mail, serving as a point of contact to educate and support with information related to specific duties.
Conduct reviews of Monetary Instrument Logs and coin counting machine transactions to ensure completeness, detect unusual activity, and maintain regulatory and policy compliance.
Review account-related risk indicators, including dormant account address changes and override reports, to identify potentially suspicious activity and ensure proper approvals.
Support broader compliance monitoring activities related to member account maintenance and transactional reviews, including processing and tracking W8-BEN documentation.
Support compliance operations by assisting with audits, examinations, and participating in other initiatives and projects.
Maintain procedures and reports related to specific duties.
Identify and escalate compliance concerns, suspicious activity, and control weaknesses.
Perform other job-related duties as assigned.