Seasonal Anti-Money Laundering Specialist

The Seasonal Anti-Money Laundering (AML) Specialist will be responsible for assisting in minimizing exposure to non-compliance with the Bank Secrecy Act (BSA). The Seasonal AML Specialist will perform a variety of BSA/AML duties and assumes responsibility for the successful and professional investigation of suspicious activity using standard suspicious activity monitoring procedures under previously established guidelines.

 
JOB DUTIES

• Conducts suspicious activity monitoring on a daily, weekly, monthly, quarterly or annual basis as applicable, using software and ad-hoc reporting.
   

• Verifies the completion of related documents relative to the BSA such as Questionable Activity Reports, etc.
   

• Conducts research and processes requests specific to 314(a) and 314(b).
   

• Obtain, research, and processes confidential information.
   

• Maintains CDD and EDD data in software; updates information as necessary and adjusts monitoring accordingly as it pertains to changes in the data and development of the High Risk List.

• Responds timely to inquiries and conducts all necessary research to resolve BSA-related issues and concerns.

• Reviews reports in the automated transaction surveillance system to look for indicators of suspicious activity, terrorist financing and money laundering.

• Provides assistance, supports and responds to questions and information needed by personnel regarding the BSA, OFAC, and suspicious activity.

• Conducts and assists with the disposition of OFAC and other sanctions lists screening results.

• Reports to the BSA Officer/Compliance Manager and provides support in regard to maintaining compliance with the BSA, timely reporting and compliance with information retention requirements.

• Keeps management informed of trends and any significant issues.

MINIMUM REQUIREMENTS

Education

Bachelor’s or Associate’s degree, Business, Finance, Accounting or commensurate experience preferred.

Experience

• 1 - 2 years experience with BSA/AML monitoring and investigations.

• Ability to work independently and maintain sensitive and confidential information.

• Ability to collect, analyze, and summarize data and to assimilate into a useful format.

• Effective oral, written, and interpersonal communication skills.

• Ability to work effectively in a diverse work group.

• Ability to handle multiple tasks and projects simultaneously.

• Understanding and previous use of a Windows-based computer system.

• Proficiency in MS Word and Excel.

• Ability to navigate on the Internet.

• Proficiency in BSA/AML suspicious activity monitoring software

Preferred Qualifications

• Certified Anti-Money Laundering Specialist (CAMS) or other BSA/AML-related certification.

Education:

• High school diploma or equivalent

Work Experience:

• 1 year Minimum related work experience

• Ability to work independently and maintain sensitive and confidential information.

• Ability to collect, analyze, and summarize data and to assimilate into a useful format.

• Excellent interpersonal skills to include oral and written communication.

• Ability to work effectively in a diverse work group as a member of a team.

• Ability to handle multiple tasks and projects simultaneously.

• Understanding and previous use of a Windows-based computer system, Proficiency in MS Word, Excel, and Powerpoint.

• Ability to navigate the Internet.