AML/BSA Specialist at Kforce Inc in Minneapolis, Minnesota

Job Description:

RESPONSIBILITIES:

Kforce has a client in Minneapolis, MN that is seeking an AML/BSA Specialist.

Summary:
The AML Alert Review Team conducts the review of all system generated alerts created from the centralized monitoring programs within EFCC and manually created alerts from internal and external referral sources. The AML/BSA Specialist is responsible for reviewing alerting transactional activity and making a recommendation to close an alert or send it to AML investigations for further review. Analysts utilize internal systems to review customer and transactional information, conduct public data searches, and utilize internal guidance to determine a decision.

Responsibilities:

• Create a clear and concise commentary that supports a no case decision


• Analyze customer account transactions to detect unusual activity and make decisions on the appropriate action to take


• Work cooperatively with business lines to establish procedures on identifying suspicious customer transactions specific to money laundering, including the proper method for reporting such activity to the anti-money laundering group


• Work cooperatively with US Bank internal departments to obtain and analyze necessary information related to the investigation


• Assist in implementation of AML/BSA detection and prevention methods which may include creation of instruction manuals and training


• Support any special projects or critical alert reviews


• Actively ensure compliance with the US Bank Code of Ethics, all Anti-Money Laundering, Bank Secrecy Act, information, suspicious activity reporting requirements, policies, and procedures


• Actively participates in team meetings and any required corporate and business line training in these areas

REQUIREMENTS:

• Bachelor's degree or equivalent experience


• One to two years of experience in an applicable risk management environment


• Proficiency in Microsoft Excel, Access, Word and other database applications

Preferred Skills/Experience:

• Prior bank experience


• Knowledge of Bank Secrecy Act, Anti-Money Laundering laws and regulations


• Excellent communication and written skills

The pay range is the lowest to highest compensation we reasonably in good faith believe we would pay at posting for this role. We may ultimately pay more or less than this range. Employee pay is based on factors like relevant education, qualifications, certifications, experience, skills, seniority, location, performance, union contract and business needs. This range may be modified in the future.

We offer comprehensive benefits including medical/dental/vision insurance, HSA, FSA, 401(k), and life, disability & ADD insurance to eligible employees. Salaried personnel receive paid time off. Hourly employees are not eligible for paid time off unless required by law. Hourly employees on a Service Contract Act project are eligible for paid sick leave.

Note: Pay is not considered compensation until it is earned, vested and determinable. The amount and availability of any compensation remains in Kforce's sole discretion unless
and until paid and may be modified in its discretion consistent with the law.

This job is not eligible for bonuses, incentives or commissions.

Kforce is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, pregnancy, sexual orientation, gender identity, national origin, age, protected veteran status, or disability status.

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