Anti-Money Laundering Specialist

Team Members are at the core of who we are; living our core values of making a difference, doing the right thing, making it easy, being caring, friendly, nice, and respectful, and taking ownership. Royal Credit Union is looking for caring, energetic team members who want to create a positive impact in the lives of our Members.

Why Royal?

• Member and Community Focused: We are dedicated to making a positive impact on our Members and the communities we serve, going beyond financial services to enrich lives and foster growth.
• Supportive Environment: Join a collaborative, values-driven workplace that is always evolving. We support each other and work together to achieve our goals.
• Professional Growth: We offer numerous opportunities for training and advancement, helping you continuously develop and advance your skills.
• Empowerment: We empower our team members to make decisions and drive initiatives that help our Members achieve their financial goals. Your ideas and contributions are valued and encouraged.
• Community Involvement: Engage with your local community through various initiatives and events, making a tangible difference where you live and work.

Responsibilities

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.
• Reviewing and recommending 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.

Requirements

• Bachelor's degree in a related field or equivalent work experience, along with at least three years of experience working within a financial institution and 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, strong customer service focus, and 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) and the ability to be bondable.

Qualifications

We’d love to see certification in an AML/CFT-related designation such as BSACS, ACAMS, or a similar anti-money laundering/compliance credential.

Pay

• 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 hired at a higher salary.

Benefits

Royal is proud to take care of our team members and their families! In addition to our comprehensive medical, dental, and vision insurance plans, Royal offers:

• 5% 401k employer match
• Paid family and sick leave
• Vacation and sick time accruals
• Childcare reimbursement
• Tuition and student loan debt assistance
• Pet insurance
• Much more!

Schedule

Full-time salaried position. Hours will generally be 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.

Training: Prior to starting a normal work schedule, new Royal team members must attend Foundation Training at our 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 costs related to travel and lodging. Foundation Training covers fundamental information about Royal’s culture and core values which sets the stage for team members to be successful within our organization.