Anti-Money Laundering Specialist

About the Role

The Anti-Money Laundering Specialist assists in the development and implementation of all aspects of the Bank Secrecy Act (BSA) program to ensure compliance with the requirements of the BSA, Anti-Money Laundering (AML), Office of Foreign Asset Control (OFAC), and USA PATRIOT Act. Through the direction of the AML/CFT Officer, this role performs the daily responsibilities of the BSA program to ensure the credit union remains compliant, including reviewing, analyzing, submitting, and tracking information using industry standards and regulatory guidance. In addition, this position will review and recommend improvements to the program's policies, procedures, risk assessments, and disclosures, ensuring they contain the necessary components as outlined in regulatory guidance and are effective for the credit union.

Responsibilities

• Perform daily BSA/AML program responsibilities including reviewing, analyzing, submitting, and tracking information using industry standards and regulatory guidance.
• Review and recommend improvements to program policies, procedures, risk assessments, and disclosures.
• Ensure program components align with regulatory guidance and remain effective for the credit union.
• Investigate suspicious activity and strengthen regulatory compliance programs.

Qualifications

• Bachelor's degree in a related field or equivalent work experience.
• At least three years of experience working within a financial institution.
• One year of direct AML/CFT program experience.
• Strong knowledge of BSA regulations, AML requirements, OFAC compliance, and financial institution operations, practices, and processes.
• Advanced analytical, investigative, and critical thinking skills with the ability to identify suspicious activity, evaluate complex account and transaction patterns, make sound decisions, and effectively solve problems in a highly regulated environment.
• Exceptional organization, prioritization, and time management skills with the ability to manage multiple deadlines, adapt to changing priorities, work independently with minimal supervision, and maintain productivity in a fast-paced environment.
• Strong written, verbal, interviewing, and presentation skills, including the ability to prepare reports and business correspondence, communicate regulatory requirements clearly, answer questions from various audiences, and serve as a trusted compliance resource.
• High attention to detail and strong customer service focus.
• Proficiency using technology, including Microsoft Word, Excel, Outlook, Teams, and other digital tools. Ability to learn new technologies, perform complex tasks, and work effectively both independently and within a team environment.
• Certification in, or the ability to obtain, an AML/CFT-related designation (such as BSACS or ACAMS).
• Ability to be bondable.

Preferred Qualifications

• Certification in an AML/CFT-related designation such as BSACS, ACAMS, or a similar anti-money laundering/compliance credential.

Compensation

• Eau Claire Market: $75,400 - $86,700 annually.
• St. Croix Valley/Minnesota Market: $80,600 - $99,700 annually.
• This is an exempt-level, salaried position. Candidates with significant related experience may be higher.

Benefits

• Comprehensive medical, dental, and vision insurance plans.
• 5% 401k employer match.
• Paid family and sick leave.
• Vacation and sick time accruals.
• Childcare reimbursement.
• Tuition and student loan debt assistance.
• Pet insurance.
• Additional benefits available.

Schedule & Location

• Full-Time salaried position.
• Hours generally Monday through Friday, 8:00am – 5:00pm with occasional evening and weekend hours as needed.
• This position is part of Royal's workplace flexibility program and has the ability to be hybrid after approximately 2-4 months of training and proficiency in the position.
• When not working remote, the office location is flexible at either the Corporate Office in Eau Claire, WI, or at a Royal Minnesota office based on office availability and candidate preference.
• This position requires residency within Royal's office footprint.
• New team members must attend Foundation Training at the Corporate Center in Eau Claire, WI from 9:00am - 4:30pm on Monday and Tuesday during their first week of employment. Out of town learners will be reimbursed for travel and lodging costs.

This response is AI-generated, for reference only.