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Taylor Bank · 1 month ago

BSA/AML Specialist

Berlin,MD,US

Full-time

Onsite

Entry, Mid Level

2+ years exp

Taylor Bank is a top performing bank with strong community roots. They are seeking a BSA/AML Specialist to identify, analyze, and report suspicious activity to prevent and detect money laundering, terrorist financing, and financial fraud in accordance with regulatory requirements.

BankingFinancial Services

Responsibilities

Performing daily reviews and investigation of system-generated alerts from the automated transaction monitoring and fraud detection platform, to include analyzing patterns related to large cash transactions, wire transfers, and monetary instrument purchases

Conducting comprehensive, risk-based investigations into alerts and unusual activity referrals

Documenting all investigative findings thoroughly and maintaining detailed case files and escalating suspicious activity to the BSA Analyst as appropriate

Assisting with adjusting and validating systems rules and parameters of the automated monitoring systems to ensure

Preparing and filing Currency Transaction Reports (CTRs), Suspicious Activity Reports (SARs), and other required BSA reports within regulatory deadlines

Monitoring and responding to potential matches against the Office of Foreign Assets Control (OFAC) SDN list and other watchlists generated by the automated system

Ensuring strict compliance with all provisions of the BSA/AML regulations, the USA PATRIOT Act, and OFAC (Office of Foreign Assets Control) sanctions

Assisting with internal and external audits, regulatory examinations, and 314(a)/ 314(b) requests by providing documentation and insight into monitoring and investigation processes

Conducting enhanced due diligence reviews for high-risk customers and transactions

Reviewing new account records to ensure all required Customer Identification Program (CIP) information and documentation is obtained, verified, and complete

Reviewing and updating customer risk ratings as needed

Verifying the identity and monitoring the proper completion of Beneficial Owner documentation for legal entity customers as required by FinCEN’s CDD rule

Assisting in delivering BSA/AML training to bank staff

Serving as a resource for branch personnel on BSA/AML related questions

Qualification

BSA/AML knowledgeRegulatory reportingAutomated monitoring systemsAnalytical skillsMicrosoft Office SuiteAttention to detailCommunication skillsOrganizational skills

Required

High School diploma or equivalent required

At least two years of related banking experience; or equivalent combination of education and experience

Familiarity with CTR and SAR filing processes

Knowledge of BSA, AML, OFAC, and related regulatory requirements

Excellent analytical and investigative skills with strong attention to detail

Must be proficient in the Microsoft Office Suite, particularly Excel

Ability to handle confidential information with discretion

Ability to communicate and articulate complex information simply

Excellent writing skills

Strong organizational skills and ability to manage multiple priorities

Preferred

Associate's or Bachelor's degree from accredited college/university preferred

Benefits

Affordable medical, dental and vision plans

Employer paid life, short-term and long-term disability insurance

401(k) plan with company match

Generous paid time off

Paid parental leave

Company

Taylor Bank

Founded in 1890, Taylor Bank is one of the most trusted, reliable, and stable banks on the Delmarva Peninsula, with $900 million in assets and 12 branch locations serving communities in Worcester County, Maryland, Sussex County, Delaware and Accomack County, Virginia.

Founded in 1890

Berlin, Maryland, USA

51-200 employees