BSA Specialist - OFAC Unit at Wintrust Financial Corporation in Rosemont, Illinois

Job Description:

Wintrust is a financial holding company with approximately $50 billion assets under management and traded on the NASDAQ:WTFC. Built on the "HAVE IT ALL" model, Wintrust offers sophisticated technology and resources of a large bank while focusing on providing service-based community banking to each and every customer. Wintrust operates fifteen community bank subsidiaries with over 170 banking locations in the greater Chicago and southern Wisconsin market areas. Additionally, Wintrust operates various non-bank business units including commercial and life insurance premium financing, short-term accounts receivable financing, out-sourced administrative services, mortgage origination and purchase, wealth management services and qualified intermediary services for tax-deferred exchanges.

Why join us?

• An award-winning culture! We are rated a Top Workplace by the Chicago Tribune (past 9 years) and Employee Recommended award by the Globe & Mail (past 6 years)




• Competitive pay and discretionary or incentive bonus eligible




• Comprehensive benefit package including medical, dental, vision, life, a 401k plan with a generous company match and tuition reimbursement to name a few




• Promote from within culture

Why join this team?

• Hybrid Work Schedule – Split your time working remotely and at our Corporate Headquarters in Rosemont, IL




• An entrepreneurial culture with opportunity for growth

Position Summary

The BSA OFAC Specialist I is responsible for the enterprise-wide investigation and approval of first level and simple second level OFAC and other list screening suspect matches. This position has some interaction with Management and Business Leaders from across Wintrust Banks and affiliates, particularly the Wire Room and Retail departments. This position supports the overall BSA compliance efforts as required under the Bank Secrecy Act, the USA Patriot Act and the bank’s BSA/AML/OFAC Compliance Program and Procedures.

What You'll Do

• Investigate and analyze level one suspect matches from OFAC sanctions and other list screenings.  Escalate close or complex matches to other appropriately experienced team members.




• Investigate and analyze simple level two suspect matches from OFAC sanctions and other list screenings. Conduct and collect appropriate research and/or escalates more comprehensive matches to other appropriately experienced team members.




• Contribute to department’s Service Level Agreements (SLAs) and special projects.




• Provide other assistance as requested to the BSA/AML Officers in the daily responsibilities of managing the Bank’s BSA/AML and OFAC Compliance Program.

Qualifications

• Bachelor’s degree preferred.




• 3-5 years banking experience




• 1-3 years BSA experience, particularly in OFAC alert clearance




• Working knowledge of various laws, regulations, and guidance as it relates to BSA, AML and OFAC.  




• Strong communication, problem solving and time management skills.




• The ability to work in a fast-paced environment.

Benefits

Medical Insurance • Dental • Vision • Life insurance • Accidental death and dismemberment • Short-term and long term Disability Insurance • Parental Leave • Employee Assistance Program (EAP) • Traditional and Roth 401(k) with company match • Flexible Spending Account (FSA) • Employee Stock Purchase Plan at 5% discount • Critical Illness Insurance • Accident Insurance • Transportation and Commuting Benefits • Banking Benefits • Pet Insurance

#LI-HYBRID

#LI-VB1

From our first day in business, Wintrust has been proud to serve a variety of unique communities and people from all walks of life. To be Chicago’s Bank® and Wisconsin's Bank®, we need to reflect that diversity both in all the communities we serve, the people we employ, the organizations we work with, and our banking and lending practices. Wintrust Financial Corporation, including community banking and financial services subsidiaries, is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, sex, sexual orientation, gender identity and expressions, genetic information, marital status, age, disability, or status as a covered veteran or any other characteristic protected by law.