Compliance Specialist

AmFirst Career•Birmingham, AL

20d

About The Position

The Compliance Specialist will oversee the CTR process, including reviewing excessive cash transactions, preparing and filing CTRs, and monitoring submissions for accuracy, completeness, and timeliness. This role involves investigating and resolving CTR-related issues by researching discrepancies, adjusting filings, and addressing exceptions. The specialist will also maintain sanctions compliance by updating SDN lists, screening systems, and processing 314(a) requests within required timeframes. Additionally, they will provide internal and external member support via phone, email, and mail, acting as a point of contact for education and information related to specific duties. The role includes conducting reviews of Monetary Instrument Logs and coin counting machine transactions to ensure completeness, detect unusual activity, and maintain regulatory and policy compliance. It also involves reviewing account-related risk indicators, such as dormant account address changes and override reports, to identify potentially suspicious activity and ensure proper approvals. The Compliance Specialist will support broader compliance monitoring activities related to member account maintenance and transactional reviews, including processing and tracking W8-BEN documentation. They will also assist with audits, examinations, and participate in other compliance initiatives and projects, maintaining procedures and reports related to their duties. The role requires identifying and escalating compliance concerns, suspicious activity, and control weaknesses. Other job-related duties as assigned will also be performed.

Requirements

One to three years of similar or related experience in a credit union or financial institution is preferred.
A base knowledge of Anti-Money Laundering, Countering the Financing of Terrorism, OFAC, Fraud, and/or Compliance program is preferred.
A two-year college degree or completion of a specialized course of study at a business or trade school is required.
BSA certification preferred or able to obtain BSA certification within a specified time is required.
Demonstrate proficiency in utilizing credit union systems, software applications, and office equipment required to perform assigned responsibilities.
Proven ability to collaborate effectively with cross-functional teams while demonstrating strong interpersonal skills.
Capable of working independently with minimal supervision, exercising sound judgment and decision-making when needed.
Excellent verbal and written communication skills, with a demonstrated ability to gain departmental buy-in for compliance policies and procedures.
Highly organized, with the ability to manage and prioritize multiple complex tasks simultaneously across various levels.
Requires critical thinking to analyze data, derive facts, and utilize independent judgment.
Experienced in using software and tools for documentation, analysis, and research within compliance-related areas.
Strong work ethic and desire to enhance the 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.
Serve 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.