Anti-Money Laundering Specialist at Russell Tobin in Minneapolis, Minnesota

Posted in Other about 13 hours ago.

Type: full-time





Job Description:

Russell Tobin + Associates is currently seeking a AML/BSA Specialist. This is a 6+ months contract with potential for extension/conversion for successful contractors!

Position: AML/BSA Specialist

Location: Minneapolis, MN 55402 (Hybrid)

Duration: 6+ months with possible extension

Pay rate: $24.00-26.00/hr on w2

JOB SUMMARY:
  • Responsible for fulfilling the Anti-Money-Laundering/Bank Secrecy Act requirements through identification and investigation of suspicious activity.
  • Analyze customer account transactions to detect suspicious activity and make decisions on appropriate action to take.
  • Work cooperatively with business line to establish procedures for identifying suspicious customer transactions, specific to money laundering, including the proper method for reporting such activity to the anti-money-laundering group.
  • Provide guidance, support, and recommendations to business lines regarding customer AML risk ratings and account activity.
  • Based on the outcome of the investigation, analyze and determine whether or not a Suspicious Activity Report (SARs) must be filed with the Federal Government for any identified suspicious activity.
  • Work cooperatively with internal departments, financial institutions, and local, state or federal authorities to obtain and analyze necessary info

Skills/Experience:
  • Responsible for the reviewing of currency transactions and suspicious activity in accordance to the Bank Secrecy Act.
  • Under general supervision and guidance, responsibilities are varied and moderate to complex.
  • Follows defined procedures, policies and precedents
  • Refers unusual situations that require exceptions to Manager or Supervisor.
  • Supervisor schedules work however incumbent prioritizes assigned tasks.
  • May serve as a resource for less experienced staff and assist in their training.
  • Knowledge of bank's operational policies, procedures, products and services.
  • Strong ability to identify and interpret data and resolve exceptions.
  • Good interpersonal, verbal and written communication skills.
  • Good knowledge of PC based software, i.e., Word, Excel, etc. and applicable business line systems.
  • Requires a high school diploma or equivalent
  • Strong analytical skills and one to three or more years of related work experience.

Required Qualifications:
  • Bachelor's Degree or 2-3 years of related experience
  • Ideally those with degrees in Business, Finance, Economics, Banking, Journalism, Criminal Justice, JD, or Law Enforcement and some job related experience in those fields or banking
  • Basic understanding of Bank Secrecy Act (BSA)/AML laws and regulations
  • Proficient computer skills, especially Microsoft Office applications (Excel, Word)
  • The ability to work independently and confidently with WFH is also important

Russell Tobin / Pride Global offers eligible employee's comprehensive healthcare coverage (medical, dental, and vision plans), supplemental coverage (accident insurance, critical illness insurance and hospital indemnity), a 401(k)-retirement savings, life & disability insurance, an employee assistance program, identity theft protection, legal support, auto and home insurance, pet insurance, and employee discounts with some preferred vendors
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