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Zions Bancorporation · 1 day ago

BSA/AML OFAC Compliance Specialist - Midvale, UT (In Office)

Midvale, Utah, United States

Full-time

Onsite

Entry Level

$17.49/hr - $26.65/hr

1+ years exp

Zions Bancorporation is one of the nation’s premier financial services companies operating as a collection of great banks. They are currently seeking a BSA/AML OFAC Compliance Specialist to join their team, responsible for reviewing alerts for compliance with OFAC and other regulations.

AgricultureBankingFinanceFinancial Services

Responsibilities

Be responsible to review alerts for all new and existing customer and related beneficial owner names against the following lists: Office of Foreign Assets Control (OFAC), Section 311 of USA PATRIOT Act Special Measure, US State Department's Terrorist Exclusion List (TEL) and Bureau of Industry and Security (BIS). Confirm matches via internal systems. If confirmed forward to the EDD team

Be responsible to understand OFAC sanctions and "red flags" associated with various regulations such as BSA, FATCA, UDAAP. Communication with branches to resolve exceptions identified

Written communication to close alerts or document exceptions identified

Other duties as assigned

Qualification

BSA/AML ComplianceOFAC RegulationsAudit Review ProcessAnalytical SkillsCustomer ServiceMicrosoft ExcelCommunication SkillsDetail-oriented

Required

Requires High School degree or equivalent and 1+ years of banking, BSA/AML compliance, bank branch operations, processes, procedures or other directly related experience. A combination of education and experience may meet job requirements

Working knowledge of audit review process and procedures

Good understanding BSA/AML Compliance as it applies to OFAC

Basic knowledge of AML/BSA Regulatory compliance processes and procedures. Knowledge of the following regulations is limited to red flags

Good research, verification, analytical, customer service and communication skills, both verbal and written

Ability to manage deadlines, be organized, detail-oriented with a high degree of accuracy and able to multi-task

Must be able to meet performance expectations including Service Level Agreements and Quality Assurance review expectations for performance

Good follow through, attention to detail and documentation skills

Ability to communicate effectively with a compliance and branch staff

Demonstrated computer skills including typing, Work, Excel, PowerPoint