BSA/AML Specialist
About the position The BSA/AML Specialist is responsible for performing analysis of financial and non-financial data to ensure compliance with Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) and Office of Foreign Asset Control (OFAC) laws, regulations, and regulatory guidance. The BSA/AML Specialist will be responsible for analyzing and interpreting data for the purpose of identifying illicit activities such as money laundering, terrorist financing, fraud, and other activities that threaten the security interests of the Bank. The BSA/AML Specialist will also work to maintain a strong compliance culture within the assigned sphere of responsibilities, while promoting strong compliance throughout the organization. Responsibilities • Assist management in administering a Suspicious Activity Monitoring (SAM) program, including through daily transaction alert review. • Review system generated reports regarding customer accounts to determine suspicious activity; perform appropriate account research through review and monitoring, and recommend the filing of Suspicious Activity Reports (SARs) as appropriate, subject to further quality assurance reviews. • Identify and monitor customers and accounts that represent an increased risk for money laundering activity, including those utilizing high-risk products and services. • Establish and develop effective working relationships with department and all Tompkins employees to develop and implement BSA/AML monitoring procedures. • Review system generated reports to identify transactions requiring Currency Transaction Report (CTR) completion, including initial report preparation. • Review new account activity to ensure Customer Identification Program (CIP) and Customer Due Diligence (CDD) elements are retained. • Review potential OFAC and 314(a) matches and determine validity, ensuring appropriate documentation is retained for determinations made. • Ensure appropriate recordkeeping practices for monetary instrument sales transactions. • Seek out resources and growth opportunities to obtain additional knowledge of BSA/AML/OFAC practices, and share with fellow team members as appropriate. • All other duties as assigned. Requirements • An Associate's Degree. A Bachelor's Degree in finance, accounting, business administration or a related field is preferred. • Certified Anti-Money Laundering Specialist (CAMS) or Certified Financial Crime Specialist (CFCS) preferred. • A minimum of 2-4 years' experience in a BSA/AML compliance role preferred. • Strong written and verbal communication skills for reporting and collaborating with other departments. • Proven ability to analyze information and formulate conclusions. • Understand the confidentiality of the work environment and respond accordingly to protect and preserve sensitive information. • Proficient use of technology and software applications, including the Microsoft Office applications. • Experience working with automated systems to detect and report suspicious activities is preferred. Benefits • Medical • Dental • Vision • 401(k) Match • Profit Sharing • Paid Time Off • 11 Holidays • Tuition Reimbursement • Free Parking throughout Tompkins Community Bank • Employee Referrals Apply tot his job