Job Description
- Maintaining a current thorough understanding of money laundering and terrorist financing issues, including policies, procedures, regulations, industry best practices, criminal activities, and developing trends.
- Implementing assigned regulatory compliance responsibilities and activities associated with the Bank Secrecy Act and Money Laundering initiatives throughout the Bank.
- Examining Bank policies, procedures, and practices to ensure compliance with laws and regulations.
- Monitoring compliance with state and federal laws and regulations.
- Performing a daily review of selected transaction activity reports identifying those transactions requiring necessary follow-up or investigation.
- Monitoring account activity to ensure compliance with OFAC requirements.
- Identifying weaknesses in practice and procedure and recommending solutions that increase the level of compliance without unnecessarily burdening the business unit.
- Coordinating, supervising, and supporting the bank’s compliance-related programs, such as compliance training, compliance testing and reporting, disaster recovery, contingency planning, and records warehousing and destruction.
- File all required reports and documents with the appropriate federal agency and respond quickly to all lawful requests for information from law enforcement agencies.
- Providing compliance assistance and information to all departments/functional units within the Bank.
- Bachelor’s Degree in Business or Accounting or more years of equivalent job experience.
- Certified Anti-Money Laundering Specialist (CAMS), is preferred.
- Five or more years of experience in a banking role.
- Three or more years of experience in BSA/AML or fraud operations.
- Ability to read and interpret statutes and regulations.
- Ability to define problems collect data, establish facts, and draw valid conclusions.
- Ability to communicate effectively verbally and in writing.