Corporate AML/CFT CTR (Currency Transaction Reporting) Specialist

About The Role

Summary

• Works with the Corporate BSA Department to mitigate risk by completing the daily audit process of Currency Transaction Reporting (CTR) files and identifying and correcting deficiencies.
• Identified deficiencies must be resolved timely to ensure currency transaction reports can be filed with FinCEN accurately, completely and prior to the regulatory deadline.
• Works in a fast-paced environment, reviewing 80 to 100 reports per day.
• Must be able to multi-task, meet deadlines and work under pressure while proactively integrating, strengthening, and monitoring all AML/BSA requirements.
• Partners and communicates with the Corporate BSA Supervisor(s), BSA Bank Division Staff, and occasionally front-line Tellers and their Supervisors.
• This individual has a thorough understanding of applicable laws, regulations, financial services, and regulatory trends that impact their assigned line of business.
• This role has a basic understanding of the business line's operations, products/services, systems and associated risks/controls.
• Involved with CTR reporting, testing/monitoring, exception/resolution activities, and providing guidance and/or training to division level CTR staff.

Description

Responsible for daily Audit and Filing of CTR Reports as submitted by all bank divisions to ensure FinCEN/BSA reporting requirements are met.

• Communicate with division BSA Coordinators and front line division staff as needed to clarify content on the CTR forms.
• Ensures accurate reporting and demonstrates job ownership for all items completed.
• Seek guidance from BSA CTR Supervisor as needed with escalated questions.
• Report Suspicious Activities in adherence with the company's BSA Suspicious Activity Reporting Procedures when suspicious activity is detected.
• Provides guidance and/or training to division level CTR staff.
• Review and submit CTR Exemption documentation for initial exemptions and performs annual reviews on existing exemptions, working with the Division BSA Coordinators.
• Maintain the CTR Exemption Tracking documentation and spreadsheet.
• Verify monetary instruments in Vertex daily to ensure all entries are entered correctly with all regulatory required information and review for suspicious activity.
• Attend training and BSA Team Meetings.
• Responsible for process improvements, documentation, and acquisition/merger/conversion activities in support of BSA/AML laws and regulations.
• Participate in all internal and external BSA/AML enterprise-wide audits and examinations, while ensuring no violations of law or repeat findings from previous audits or examination.

Pay

Salary is negotiable depending upon relevant experience. WA Applicants ONLY: Spokane, WA range $24.38 to $35.69 an hour. Wenatchee, WA $24.72 to $37.09 an hour.