BSA/AML Specialist

North Shore Bank; Town of Brookfield (WI); On-site; USD 55,000 - 85,000; Full time

Job summary

North Shore Bank is seeking a BSA/AML Specialist to ensure compliance with bank regulations and the OFAC program. The role emphasizes reviewing CTRs/SARs, monitoring customer activity, and maintaining accurate documentation.

You will collaborate with branch and department staff, staying current on regulatory expectations and participating in ongoing training. Strong communication and analytical skills are essential to protect customers and the community.

Qualifications

• High school diploma or equivalent required; at least two years of banking experience.
• Knowledge of BSA/AML, compliance, internal audit and banking operations, procedures, and data processing concepts.

Responsibilities

• Assists with BSA/AML reports including CTRs and SARs, with detailed narratives of customer activity.
• Reviews OFAC alerts and other customer activity for risk and responds appropriately.
• Reviews consumer and business questionnaires for accuracy; assigns customer risk ratings and review schedules.
• Performs enhanced due diligence reviews for high-risk customers and analyzes BSA risk factors.
• Analyzes information to determine a customer's risk profile and communicates findings.
• Follows up on BSA/AML reports to ensure accuracy before submission.
• Attends BSA/AML and OFAC training to stay current on regulatory expectations.
• Responds to BSA/AML questions from staff and escalates advanced questions as needed.

Skills

Communication skills

Presentation skills

Prioritization

Education

High school diploma or equivalent

Job description

Job Location

15830 W Capitol Dr, Brookfield, Wisconsin, United States

Position Type

Full-Time/Regular

North Shore Bank is about helping families thrive, businesses grow and communities flourish. We are dedicated to championing our customers, empowering them to bank their best life, and supporting the community we all share. And it's our employees that make the difference. With offices located throughout eastern Wisconsin and northern Illinois, we offer a work culture that has been recognized as a Top Workplace thirteen times by the Milwaukee Journal Sentinel.

As a mutual company, North Shore Bank isn't publicly-owned, which means when we come to work every morning, our sole focus is on providing high-touch service to our customers and employees, and supporting our local communities. Are you looking for a company that places long-term growth ahead of short-term profits? Where you can put your customers first and think creatively to solve challenges? Where respect, integrity and being true to your word are valued and rewarded? This is the place.

SUMMARY

The BSA/AML Specialist performs a variety of operational tasks in order to ensure accuracy and compliance with applicable rules, regulations, and bank best practices related to the bank's BSA/AML and OFAC program.

ESSENTIAL DUTIES AND RESPONSIBILITIES

North Shore Bank's Position Descriptions are intended to describe only the major functions of the job. You may be expected to perform other duties specified by your manager. Everyone is expected to contribute whatever efforts necessary to operate efficiently and effectively to insure the success of the Bank.

• Assists with writing, reviewing, and submitting Cash Transaction Reports (CTRs) and Suspicious Activity Reports (SARs), including writing detailed narratives of customer and account activity.
• Reviews wire and other customer-specific activity for OFAC alerts, potential suspicious activity and high risk customer identification. Research, resolve and respond appropriately to the alerts.
• Reviews consumer and business questionnaires for accuracy and completeness. Assigns accurate customer risk ratings and establish appropriate customer review schedules.
• Performs ongoing reviews of customers requiring enhanced due diligence. Reviews and analyzes customers, products and services for BSA risk, such as ATM owners, ACH and RDC transactions, Monetary Instrument Logs, wire activity, OFAC, etc., and responds appropriately according to policy and procedure.
• Analyzes information to make a determination of a customer's current or changed risk profile and communicates that analysis verbally and in writing.
• Performs follow-up on BSA/AML reports to ensure accuracy before they are submitted (i.e. FinCen 314a, etc.).
• Attends BSA/AML and OFAC-related training to stay current on regulatory expectations.
• Responds to BSA and OFAC-related questions from branch and department staff; escalates advanced questions to the appropriate team member.
• Makes appropriate recommendations to maintain compliance with BSA/AML and OFAC requirements.

QUALIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, experience, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

EDUCATION and/or EXPERIENCE

High school diploma or its equivalent is required. Requires at least two years of experience in banking. Knowledge of BSA/AML, compliance, internal audit and banking operations, procedures, and data processing concepts is required.

OTHER SKILLS AND ABILITIES

This position requires an individual with the ability to build consensus among peers. Position will frequently interact with branch and other department personnel. Requires effective communication and presentation skills. Ability to identify workflow deficiencies/inefficiencies and work collaboratively toward effective resolution is also required. Ability to prioritize work among competing tasks.

PHYSICAL DEMANDS

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is frequently required to stand; walk; sit; to perform responsibilities of the job; reach with hands and arms; and talk or hear. The employee must occasionally lift and/or move up to 15 pounds. The employee is occasionally required to drive.

WORK ENVIRONMENT

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The noise level in the work environment is usually moderate.