AML Specialist

AML Specialist

We are currently seeking an experienced Anti Money Laundering (AML) Specialist to join our team of professionals in our east Orlando offices.

This position requires a comprehensive understanding of the Bank Secrecy Act forms and procedures to ensure the appropriate implementation and compliance of the BSA/AML/OFAC Policy and Program credit union wide. The compensation for this position starts at $52,000.

What will I be doing in this role?

• Assist and oversee daily completion of Currency Transaction reports. Serve as backup for CTR E-filing.
• Research, review, decision alerts and prepare suspicious activity reports (SARs)
• Responsible for the monitoring for Office of Foreign Asset Control Compliance. Such as; Review OFAC alerts for compliance via automated database checks, daily new accounts, nonmember check cashing, lending, wires & ACH.
• Assist with subpoena, law enforcement request, National Security Letter (NSL) requests, 314(a) and 314(b) Information Sharing requests as directed.
• Balance and reconcile core and AMS (automated monitoring systems) for alert generation
• Perform analysis on BSA/AML and other cases within monitoring system and other reports either internal or external used for monitoring unusual transactions and prepare regulatory reports as required.
• Review and decision large transactions and high risk accounts as well as various departmental reports on a frequent basis. .
• Support and answer questions from staff relating to BSA Compliance requirements. Research questions related to BSA regulatory requirements and the Customer Information Program - CIP.
• Assist with monthly and quarterly reporting metrics to management and the board of directors.
• Annual review of Exemptions and Ad hoc reviews for possible exemption status

Experience Profile:

• Associates degree or higher is preferred
• Minimum of 2 years' AML experience is required
• CBO II or similar certification is preferred

• This position requires an understanding of the following: Bank Secrecy Act, Anti Money Laundering regulations and Office of Foreign Asset Control requirements to ensure awareness, within the areas under their supervision, of the necessary requirements, procedures and forms for Currency Transaction reports, Suspicious Activity reports, customer identifications program, customer due diligence, enhanced due diligence and various report logs required by the regulations.