BSA/AML Specialist – To $62K – Elk Grove Village, IL – Job # 3617
Who We Are
The Symicor Group is a boutique talent acquisition firm based in Schaumburg, IL & Rockport, TX. Our nationally unique value proposition centers around providing the very best available banking and accounting talent. In fact, most of our recruiters are former bankers or accountants themselves!
We know how to evaluate the very best banking and accounting talent available in the market. Whether you are a candidate seeking a new opportunity or a bank or company president trying to fill an essential position, The Symicor Group stands ready to deliver premium results for you.
The Position
Our client is seeking to fill a BSA/AML Specialist role in the Elk Grove Village, IL area. The chosen candidate will be responsible for assisting the BSA Officer with compliance monitoring reviews and other special projects to measure and understand the state of regulatory compliance for the organization. As criminal activity is suspected, the BSA Specialist will start the investigation process by creating a case file and working with the BSA Officer to further investigate the customer and their actions.
This position offers a competitive salary of up to $62K and a full benefits package. (This is not a remote position).
BSA/AML Specialist responsibilities include:
- Assist with the alert workload and the monitoring for suspicious patterns/activity and fraud, conduct
- suspicious activity report investigations, as well as high-risk customer/account reviews, and
- Recommend when to file and not file Suspicious Activity Reports (SARs). May assist in the filing of SARs when necessary.
- Conduct enhanced due diligence reviews which entails research, the gathering of documents,
- composing a well-written narrative, making appropriate recommendations, and assigning appropriate risk factors.
- Perform 90-day SAR follow up reviews; recommending whether continuing activity SAR should be completed.
- Assist in the preparation and submission of all Currency Transaction Reports (CTRs) within the regulatory deadline of 15 days.
- Ensure proper identification and adherence to the Bank’s BSA Program including, but not limited to; CIP, CDD/EDD/BO, OFAC and record keeping and retention requirements.
- Ensure BSA files remain current, accurate, and well-documented.
- Participate in ongoing training to maintain current knowledge of BSA/AML and OFAC regulatory requirements.
- Assist in the compliance of 314(a) and 314(b) responsibilities.
- Monitor potential OFAC matches and take appropriate action to escalate them when necessary.
- Other duties may be assigned by the BSA Officer.
- Complies with federal and state regulations and all established bank policies and procedures.
Who Are You?
You’re someone who wants to influence your own development. You’re looking for an opportunity where you can pursue your interests and your passion. Where a job title is not considered the final definition of who you are, but merely the starting point for your future.
You also bring the following skills and experience:
- At least 1-2+ years of BSA/AML/OFAC compliance
- Knowledge of BSA/OFAC/Fraud functions.
- Acknowledge and observe strict confidentiality requirements.
- Ability to research, collect, and analyze complex or diverse information.
- Positive interpersonal relationship skills.
- Critical thinking skills.
- Ability to work independently with a high level of initiative, and to research, and problem solve.
- Strong analytical, communication (oral and written), and personal computer skills.
- Basic knowledge of the organization’s various operating systems (Verafin & Fiserv Premier) a plus,
- Excellent decision-making, analytical and investigative abilities with attention to detail and accuracy.
- Familiarity with Microsoft Office products