at Marquette Bank in Orland Park, Illinois, United States
Job Description
If making an impact is important to you, you belong on the Marquette Bank Team. You'll enjoy the opportunity to make a difference for our customers and in our neighborhoods. You'll love our welcoming, supportive, friendly, team-centered work environment - including perks like an expansive benefits package, growth opportunities, gym subsidy, tuition reimbursement and monthly community involvement opportunities! Come be a part of something bigger at Marquette Bank.
Position Summary
The BSA/AML/OFAC Professional's responsibilities include acting as the CTR subject matter expert by filing CTRs accurately and timely, performing CTR exemption reviews, and implementing regulatory and system changes as applicable to the CTR process. Additional responsibilities include investigating and making decisions related to potentially suspicious activity, including alerts, cases and SAR/No SAR recommendations. The BSA/AML/OFAC Professional is responsible for handling assigned tasks and procedures regarding compliance with various anti-money laundering laws and regulations. The BSA/AML/OFAC Professional is responsible for providing compliance guidance on changes in the regulatory environment and requirements that affect the financial services industry. The BSA/AML/OFAC Professional ensures a proactive approach to BSA/AML/OFAC compliance in a business-friendly manner.
Essential Duties and Responsibilities:
Review, decision and file CTRs timely and accurately in the capacity as the CTR subject matter expert.
Perform reviews of Horizon release notes and report any CTR related changes to the BSA Department, coordinate with the IS Department on scheduling updates and conduct testing once the updates occur.
Manage the FIS support ticket process by creating tickets through FIS portal and monitor until a resolution is identified for BSA related issues.
Compile CTR data and prepare reports for the Board of Directors.
Process daily non-validated transactions within the bank's automated software.
Review and investigate alerts, perform investigations or enhanced due diligence reviews for potentially suspicious activity, make risk-based SAR recommendations and prepare SARs.
Perform bi-weekly and special 314(a) searches and file required reports, if applicable.
Respond to 314(b) requests and any requests received by law enforcement timely and accurately as assigned by the BSA/AML/OFAC Officer or Assistant BSA/AML/OFAC Officer.
Identify weaknesses in practice/procedures and recommend solutions that increase the level of compliance without unnecessarily burdening the business unit.
Assist the BSA/AML/OFAC Officer or designee with coordinating and facilitating training sessions to educate bank personnel on BSA/AML/OFAC.
Assist the High Risk Officer with the initial risk rating process by reviewing EDD records and assigning risk ratings, as needed.
Assist the High Risk Officer with high and moderate risk rated customer reviews, as needed.
Act as back-up to assist with reviews to ensure compliance with OFAC requirements.
Attend applicable regulatory training, seminars and conferences to maintain a current, thorough understanding of money laundering and terrorist financing issues, including policies, procedures, regulations, industry best practices, criminal activities and developing trends.
Implement assigned regulatory compliance responsibilities and activities associated with Bank Secrecy Act and Money Laundering initiatives throughout the Bank.
Review and update policies and procedures as necessary to maintain compliance with all applicable Anti-Money Laundering laws, regulations, and guidelines, (e.g., BSA, CIP, USA PATRIOT Act and OFAC)
Assist the BSA/AML/OFAC Officer in preparing for regulatory, external and internal examinations.
Provide compliance assistance and information to all departments/functional units within the bank.
Actively comply with all applicable laws and regulations to include the Bank Secrecy Act, the Community Reinvestment Act, and all other deposit, lending, or non-deposit service regulations; adhering to the Bank's internal policies, procedures, and risk management responsibilities contained in the Employee Handbook, the Employee Code of Conduct, and other applicable policies.
Perform other duties as assigned.
Knowledge/Abilities/Experience and Training Required:
High School graduate; college degree preferred.
Thorough working knowledge of BSA/AML, OFAC and USA Patriot Act requirements.
3-5 years of general banking experience with a minimum of 2 years working in a BSA/AML, Fraud and/or Financial Crimes Unit.
ACAMS designation or similar certification in the Financial Crimes area preferred.
Familiarity with Abrigo Software (formerly known as Bankers' Toolbox) (BAM+ and BSA Manager) preferred or similar automated solution.
Working knowledge of Federal and State Anti-Money Laundering... For full info follow application link.
Equal Opportunity Employer-Vet/Disability
