Hybrid BSA/AML Compliance Specialist (KYC & SAR)

Grand Casino Mille Lacs & Hinckley; Onamia (MN); Hybrid; USD 60,000 - 90,000; Full time

Benefits offered by this job

Health benefits

401k

Tuition reimbursement

Birthday gifts

Anniversary gifts

Parental leave

Job summary

Grand Casino Mille Lacs & Hinckley is seeking a Title 31 Compliance Specialist to ensure compliance with BSA/AML regulations, including monitoring, detecting, and reporting suspicious activities and ensuring due diligence for transactions.

The role focuses on CTR/SAR compliance, KYC/CDD processes, and investigations into sources of income, with collaboration across departments and potential involvement in audits and regulatory exams.

Qualifications

• High school diploma or GED required.
• 2 years of experience in finance, accounting, or 5 years in casino operations.
• Strong understanding of BSA/AML regulations, guidelines, and best practices.
• Must be able to secure a license from the Gaming Regulatory Authority (GRA).
• Responsible for following all relevant Detailed Gaming Regulations (DGRs).
• Mille Lacs Band Member and American Indian preference will be exercised in the hiring process.

Responsibilities

• Monitor transactions for CTR/SAR reporting.
• Identify reportable transactions to FinCEN.
• Maintain detailed records of reviewed transactions for audits/regulatory examinations.
• Ensure CTRs and SARs are completed and retained.
• Monitor for money laundering, fraud, or illicit activity patterns.
• Investigate flagged transactions to determine legitimacy.
• Prepare SARs for upper management to file with FinCEN.
• Collect and verify customer information to support CDD.
• Continuous monitoring of customer transactions for enhanced due diligence.
• Maintain updated customer records for KYC/CDD processes.
• Use KYC procedures to identify and verify casino patrons.
• Review and validate customer identification documents.
• Investigate source of funds in significant or suspicious transactions.
• Review financial statements and bank records to verify income sources.
• Identify discrepancies or red flags related to source of funds.
• Collaborate with internal departments to ensure BSA/AML policy consistency.
• Work with others on projects, daily audits, and related duties.
• Communicate findings to Title 31 Compliance Officer.
• Participate in audits, examinations, and reviews related to BSA/AML compliance.
• Perform other duties as assigned.

Skills

MS Office

Analytical skills

Communication

Independent work

Attention to detail

Education

High school diploma or GED

Tools

General ledger software

Job description

Grand Casino Mille Lacs & Hinckley is seeking a Title 31 Compliance Specialist to ensure compliance with BSA/AML regulations, including monitoring, detecting, and reporting suspicious activities and ensuring due diligence for transactions.

The role focuses on CTR/SAR compliance, KYC/CDD processes, and investigations into sources of income, with collaboration across departments and potential involvement in audits and regulatory exams.