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Bank Secrecy Act Senior Specialist
- Arrow Financial Corporation (Glens Falls, NY)
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The Arrow Financial Corporation Family of Companies is seeking dynamic, authentic individuals to join our amazing team! Currently, we are looking for an experienced professional to join Compliance and Risk team as:
Bank Secrecy Act Senior Specialist
This opportunity may be perfect for you if you have experience in:
> Laws and regulations related to BSA/AML/OFAC
> Sound business judgment and ability to think independently
About this position:
Support the Bank Secrecy Act Manager in an administrative capacity to ensure compliance with BSA/AML related laws and regulations. Responsible for preparation of critical reports and reviews.
Essential Job Functions:
> Maintain in-depth knowledge of existing and emerging industry-related laws, regulations, and other applicable regulatory compliance requirements for BSA, AML, OFAC, and Financial Crimes Enforcement Network (FinCEN).
> Review Currency Transaction Reports (CTRs), BSA/AML/OFAC and other appropriate compliance reports; document and discuss concerns/discrepancies with BSA Manager accordingly.
> Conduct required OFAC, FinCEN 314a and other similar searches effectively based on existing procedures. Assist with all applicable reporting regarding the results of these searches.
> Research reports and customer account records to detect suspicious activity that involve potential structuring and money laundering schemes.
> Ensure data integrity by periodically reviewing source data captured through core processing and other systems used to create reports.
> Perform regular monitoring of exempt persons for potentially suspicious activity and ensure that their presence on the Exempt List is justified.
> Interface with other functional managers and others as appropriate for the ongoing and timely review and analysis of reports and maintain documentation substantiating such reviews.
> Provide training, support and guidance as appropriate to co-workers.
What you will need to thrive in this role:
In addition to your work and life experiences, as well as your passion and excitement for the profession, you would benefit from having:
Education/Certifications:
> Associate’s Degree or equivalent experience required
> 3 years of Bank Secrecy Act or commensurate financial services-related experience preferred
Skills/Knowledge:
> Knowledge of laws and regulations related to BSA/AML/OFAC
> Strong communications skills, both written and verbal; comfortable communicating with vendors, co-workers, and management
> Ability to learn department specific software
> Strong analytical and organizational skills; ability to prioritize multiple tasks/projects to meet deadlines; attention to detail and follow-up
> Sound business judgment and ability to think independently
> Quality problem solving and investigative skills
> High integrity, ethics and values.
Physical Demands
> Must be able to sit for prolonged periods of time and walk/stand for brief periods of time.
> Must be able to repetitively use a telephone and computer mouse and keyboard.
> Ability to lift/move up to 15 lbs.
What we will bring to the table:
We believe in investing in our employees and helping them grow their career with us. We offer a pleasant, inclusive work environment, career development opportunities, and competitive compensation. Through our total rewards program, we offer a comprehensive benefits package featuring:
> Competitive compensation including potential bonus and incentives as well as paid vacation, sick time, and holidays
> Medical, Dental, and Vision Insurance and Flexible Spending Plan
> Multiple retirement plans including: 401(k), Pension, and Employee Stock Ownership
> Education and Tuition Reimbursement
> Employee Assistance Program for our employees and their immediate family members
We are an Equal Opportunity Employer. Our philosophy and practice are to provide equal opportunity to all employees and applicants for employment without regard to race (including traits historically associated with race), color, religion, creed, gender, sex, pregnancy (including childbirth and related conditions), sexual orientation, gender identity or expression, status of being transgender, national origin, age, disability, genetic information, predisposing genetic characteristics or carrier status, marital status, familial status, amnesty, status as a victim of domestic violence, reproductive health decision making, citizenship or immigration status, prior convictions or arrests, military status, status as a protected veteran, known relationship or association with any member of a protected class, or any other federal, state, or local legally protected classes. As a multi-bank holding company, Arrow Financial Corporation has over $4 billion in assets. Through our subsidiaries we provide a broad range of banking and insurance services across northeastern New York, including online and mobile banking, wealth management, money market and deposit accounts, and mortgage, consumer and commercial loans.
We are committed to delivering value for our shareholders, our customers, and our communities. Our conservative business model and strategy of steady growth have resulted in many recognitions from the nation’s leading publications and bank-rating firms.
The pay range for this position is $20.00-$25.00 an hour commensurate with experience and education.
Additional compensation may be earned through the Company’s annual bonus and incentive programs, subject to individual and company performance.
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