AML/BSA Specialist

Kforce Inc; Minneapolis (MN); On-site; USD 70,000 - 100,000; Full time

Job summary

Kforce is seeking an AML/BSA Specialist in Minneapolis, MN to fulfill anti-money laundering requirements and investigate suspicious activity. You will analyze customer transactions and determine when to report to authorities, working with business lines to establish procedures and risk ratings.

The role emphasizes collaboration across departments, a production-based team, and strict adherence to deadlines and compliance. On-site work with potential for hybrid after training.

Qualifications

• Must have a Fraud/Financial Crimes background.
• Banking knowledge/experience is a plus.
• Collaborative with cross-functional teams and able to handle multiple tasks.

Responsibilities

• Fulfill Anti-Money-Laundering/Bank Secrecy Act requirements through identification and investigation of suspicious activity.
• Analyze customer account transactions to detect suspicious activity and decide on appropriate action.
• Work with business lines to establish procedures for identifying suspicious transactions and reporting to the anti-money-laundering group.
• Provide guidance on AML risk ratings and account activity to business lines.

Skills

Fraud/Financial Crimes background

Banking knowledge

Deadline driven

Job description

Responsibilities

Kforce has a client that is seeking an AML/BSA Specialist in Minneapolis, MN. Duties:

• Responsible for fulfilling the Anti-Money-Laundering/Bank Secrecy Act requirements through identification and investigation of suspicious activity
• Analyze customer account transactions to detect suspicious activity and make decisions on appropriate action to take
• Work cooperatively with business line to establish procedures for identifying suspicious customer transactions, specific to money laundering, including the proper method for reporting such activity to the anti-money-laundering group
• Provide guidance, support, and recommendations to business lines regarding customer AML risk ratings and account activity
• Based on the outcome of the investigation, analyze and determine whether or not a Suspicious Activity Report (SARs) must be filed with the Federal Government for any identified suspicious activity
• Work cooperatively with internal departments, financial institutions, and local, state or federal authorities to obtain and analyze necessary info

Responsibilities

Kforce has a client that is seeking an AML/BSA Specialist in Minneapolis, MN. Duties:

• Responsible for fulfilling the Anti-Money-Laundering/Bank Secrecy Act requirements through identification and investigation of suspicious activity
• Analyze customer account transactions to detect suspicious activity and make decisions on appropriate action to take
• Work cooperatively with business line to establish procedures for identifying suspicious customer transactions, specific to money laundering, including the proper method for reporting such activity to the anti-money-laundering group
• Provide guidance, support, and recommendations to business lines regarding customer AML risk ratings and account activity
• Based on the outcome of the investigation, analyze and determine whether or not a Suspicious Activity Report (SARs) must be filed with the Federal Government for any identified suspicious activity
• Work cooperatively with internal departments, financial institutions, and local, state or federal authorities to obtain and analyze necessary info

Requirements

• Must have a Fraud/Financial Crimes background
• Someone with banking knowledge/experience is a plus
• Would be nice to have someone with a working understanding of a production-based team, working on deadlines, the importance of multi-tasking, and being able to collaborate with others for the greater good of the team/department

Team Structure

• Majority of the team is based in Minneapolis, while some are in Charlotte, Knoxville, and Chicago
• The manager has a team of analysts and Senior analysts; The senior analysts are an extension of the manager as a team leader and they assist in teaching, reviewing, training, and backing the manager up
• The contractor positions are analysts where their day-to-day focus is on the production of alert working; They have a daily average goal, and they are measured on their production and overall quality, with a ramp up period as they begin training and shadowing and easing their way into production environment

Work Environment

• Primarily full time in office
• There is potential, down the line, for the ability to work a hybrid schedule, but that would not occur until after training

The pay range is the lowest to highest compensation we reasonably in good faith believe we would pay at posting for this role. We may ultimately pay more or less than this range. Employee pay is based on factors like relevant education, qualifications, certifications, experience, skills, seniority, location, performance, union contract and business needs. This range may be modified in the future.

We offer comprehensive benefits including medical/dental/vision insurance, HSA, FSA, 401(k), and life, disability & ADD insurance to eligible employees. Salaried personnel receive paid time off. Hourly employees are not eligible for paid time off unless required by law. Hourly employees on a Service Contract Act project are eligible for paid sick leave.

Note: Pay is not considered compensation until it is earned, vested and determinable. The amount and availability of any compensation remains in Kforce's sole discretion unless and until paid and may be modified in its discretion consistent with the law.

This job is not eligible for bonuses, incentives or commissions.

Kforce is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, pregnancy, sexual orientation, gender identity, national origin, age, protected veteran status, or disability status.