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