Financial Crimes Specialist

Stock Yards Bank & Trust; Louisville (KY); On-site; USD 52,000 - 68,000; Full time

Job summary

Stock Yards Bank & Trust is seeking a Financial Crimes Specialist to perform AML/CFT and OFAC recordkeeping duties in an office setting, Monday through Friday. You will review currency transactions for CTR filings, assist front-line staff with CTR accuracy, complete CTRs on time, and designate exempt reports.

You’ll review account openings for Beneficial Ownership, CDD, and Patriot Act compliance, monitor OFAC/314a, and maintain monetary instrument logs.

Qualifications

• High school diploma or GED required.
• Minimum 1 year experience in AML/CFT or financial services.
• Strong attention to detail and analytical skills.

Responsibilities

• Review currency transactions for CTR filing.
• Assist front-line staff to ensure CTR filings are accurate.
• Complete CTRs within required timeframes.
• Designate exempt persons reports and reviews.
• Review account openings for BOD, CDD and Patriot Act compliance.
• Ensure OFAC and 314a lists are processed and investigated promptly.
• Review OFAC matches in AML/CFT and payment systems.
• Maintain monetary instrument logs.
• Initiate enhanced due diligence for high-risk customers and accounts.
• Maintain confidential and compliant handling of all data.

Skills

Attention to detail

Multi-tasking

Communication with mgmt

Analytical skills

Confidentiality

Independent work

Education

High School diploma or GED

Tools

Excel

Word

Job description

Job Title: Financial Crimes Specialist

FLSA Status: Non-Exempt

Department: Financial Crimes

Hours of Operation: Monday - Friday

General Job Summary:

As a Financial Crimes Specialist, you will perform various tasks to ensure AML/CFT and OFAC recordkeeping requirements are met.

Organizational Duties and Responsibilities:

• Supports the mission, vision and philosophy of the Bank. Complies willingly with all organizational policies and procedures.
• Supports all functions that maintain compliance with regulatory agencies.

Essential Duties and Responsibilities:

• Responsible for the review of currency transactions for the purpose of Currency Transaction Report (CTR) filing
• Assist front-line employees to ensure the accuracy of CTR filings
• Completes all CTRs within the required timeframes, ensuring reports are completed in time to be reviewed in advance of filing deadlines
• Completes designation of exempt persons reports and associated reviews on an ongoing basis
• Review account opening documents to confirm compliance with Beneficial Ownership, Customer Due Diligence (CDD) and USA Patriot Act requirements
• Ensure that OFAC and 314a lists are being processed and investigated in a timely manner
• Review of OFAC matches in AML/CFT, and payment systems
• Monetary instrument tracking and maintenance of monetary instrument log
• Initiate enhanced due diligence procedures as needed, including the proper review and labeling of high-risk customers, accounts, and product types
• Maintains all client, system, investigation, and departmental information in a confidential and compliant manner

Other Functions:

• Conduct other reviews and administrative tasks as required
• Complete training courses to maintain competency in AML/CFT and banking compliance

Working Conditions:

Works in office setting

Minimum Job Requirements:

Education: High School diploma or GED equivalent

Experience: Minimum of 1 year recent experience in related field or work experience in financial services industry

Specific Skills:

• High degree of accuracy and attention to detail
• Ability to function in a multi-task environment
• Capability to communicate and collaborate with all levels of management and employees
• Strong planning and organizational skills; must demonstrate good analytical and problem-solving skills in an ever changing environment
• Strong PC skills (Excel and Word)
• Ability to define problems and propose solutions
• Ability to work independently with limited direction from supervisor
• Ability to maintain a high level of confidentiality

Specialized:

Ability to think, remember, learn new information, and apply cognitive data to job functions

Physical requirements:

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

• Primarily sedentary work performed in an office environment
• Ability to sit for extended periods of time while working at a computer
• Frequent use of hands and fingers to operate a computer, keyboard, mouse, and other office equipment
• Ability to speak clearly and hear well enough to communicate with clients, team members, and vendors via phone, video, and in person
• Visual acuity sufficient to read computer screens, printed documents, and financial data
• Occasional standing, walking, bending, or reaching
• Ability to lift and carry up to 10–15 pounds occasionally (e.g., files, office supplies)