We are seeking a Compliance Officer to perform day-to-day tasks to ensure compliance with OFAC, BSA, KYC and AML Regulations. Duties / Responsibilities: Performs daily review, monitoring, and analysis of various reports, logs, and transaction data to identify trends, unusual activity, and monitor large currency activity to determine if transactions are suspicious in nature. Monitors account activity for suspicious patterns and activity, conducts suspicious activity report investigations, high risk customer/account reviews, and recommends when to file Suspicious Activity Reports (SARs). Completes SARs and SAR renewals as necessary. May assist in the filing of the SARs when necessary. Reviews potential OFAC matches; reviews and clears false positive matches according to the Bank's policy and procedure; contacts appropriate agencies, if necessary, to determine validity of potential OFAC matches, and notifies OFAC Officer of a true OFAC match immediately. Answer questions from the account onboarding team regarding potential new accounts Reconciles CTRs; completes and revises CTR’s as necessary, and electronically files CTR’s through FinCEN’s website. Assists the BSA Officer in setting up and periodically adjusting Risk Rating parameters, as necessary. Reviews and validates risk ratings for all new accounts, and thereafter on an ongoing basis, using the BSA system rating module. Performs ongoing monitoring of all high risk and any other accounts in accordance with established parameters. Performs other duties as assigned. Required Experience: 5 years of direct BSA and OFAC experience at a financial institution. Must be proficient in Microsoft Office programs and possess strong analytical skills. Must have demonstrated ability to function in a variety of programs and systems as part of job responsibilities. Experience using independent judgment and discretion in complex situations while maintaining a high degree of confidentiality. Proven experience in independently organizing work, balancing multiple priorities and managing a variety of projects in a high volume work environment with strong attention to detail. Must possess excellent English verbal and written communication skills, problem solving skills, and demonstrated ability to work across various departments and levels in an organization. Job Type: Full-time Salary $29,000-$36,000
