What are the responsibilities and job description for the AML/BSA Specialist position at eTeam?
Job Title: Fraud & Compliance - AML/BSA Specialist
Duration: 6 Months Contract (contract, with potential for extension)
Location: Minneapolis, MN 55402
Paid parking ranging from $9-$25 a day. Mass transit is also available to location.
(Hybrid: In-office for the first couple of weeks 3 days in-office, 2 days remote thereafter)
Position Overview:
The AML/BSA Specialist is responsible for ensuring compliance with Anti Money Laundering (AML) and Bank Secrecy Act (BSA) requirements. The role involves investigating suspicious activity within customer transactions and ensuring adherence to AML regulations.
Key Responsibilities:- Transaction Monitoring & Investigation: Review and analyze customer account activity to identify suspicious transactions in accordance with AML/BSA standards.
- Reporting & Documentation: Determine whether a Suspicious Activity Report (SAR) needs to be filed with the federal government based on the investigation outcome.
- Collaboration & Guidance: Work closely with business lines to develop and implement procedures for detecting suspicious activity. Provide guidance on customer risk ratings and AML reporting.
- Communication: Work with internal departments, financial institutions, and government authorities to obtain and analyze relevant information for investigations.
- AML/BSA Knowledge: Strong understanding of the Bank Secrecy Act, Anti Money Laundering regulations, and the U.S. Patriot Act.
- Analytical Skills: Ability to assess and interpret complex data, identify irregularities, and resolve exceptions. Ability to produce clear, accurate reports based on research.
- Communication Skills: Excellent written and verbal communication skills to document and report findings effectively.
- Software Proficiency: Knowledge of Microsoft Office (Excel, Word) and business line systems.
- Experience: 2-3 years of related work experience or a bachelor’s degree in relevant fields (e.g., Business, Finance, Economics, Criminal Justice, or Law Enforcement).
- Interpersonal Skills: Ability to work independently, manage time effectively, and collaborate with various teams.
- Required: Bachelor’s degree or equivalent experience in a related field.
- Desired: Knowledge of BSA/AML laws, investigative experience, and understanding of financial operations and compliance.
- Other: Prior exposure to financial fraud investigations, internships, or extracurricular activities related to compliance, criminal justice, or law enforcement is a plus.
- Problem-Solving & Critical Thinking: Must be able to approach complex situations with a solution-focused mindset.
- Adaptability: Demonstrates flexibility in adapting to changing requirements and work environments.
- Team Player: Ability to serve as a resource for less-experienced team members, offering training and support.
Campaign Code: ET_RV01
Salary : $26 - $26
