Robert Half Operations Specialist in Live Oak, Texas
Description Our client, a leading financial services institution, is searching for a team of entry level AML anit-money laundering analysts who have basic knowledge of the BSA, bank secrecy act and OFAC.
The primary function of the BSA/AML/OFAC Analyst is to analyze, investigate, and report on cases involving potential Anti-Money Laundering or Terrorist Financing activity to ensure compliance with the Bank Secrecy Act. The BSA/AML/OFAC Analyst also ensures that the institution and its members are protected from any risk and losses by investigating and detecting AML/Fraud activity.
Essential Functions and Responsibilities:
• Suspicious Activity detection, reporting, research, and filing. Reports Suspicious Activity to the BSA Manager and makes appropriate recommendations of such. • Ensures proper completion of Member Due Diligence (MDD) and Account Due Diligence (ADD) for all new and existing members. • Reviews and analyzes suspicious alerts generated by the credit unions Anti-Money Laundering software system, Verafin, in accordance with regulatory expectations. • Completes Currency Transaction Reports. • Completes Suspicious Activity Incident reports / Completes Suspicious Activity Narratives. • Provides support and works with branch personnel and other lines of businesses that report suspicious activity and potential fraud/money laundering activity. • Works with various departments such as Fraud, RMA, Trust, Loans, Mortgage, to understand alerted activity and ensure compliance with laws and regulations. • Possesses working knowledge of AML/Fraud detection and current AML trends. • Possess knowledge and understanding of BSA/AML rules and regulations including but not limited to: must be eligible to work in the U.S. Patriot Act, and Annunzio-Wylie Money Laundering Suppression Act. • Possess knowledge and understanding of OFAC sanctions, laws, rules, and regulations. Approve OFAC inquiry and possible matches. • Possess knowledge and understanding of FinCEN 314(A) rule of the US Patriot Act. • Responsible for identifying system weaknesses and/or processing errors while reviewing daily work and reporting such to BSA/AML Specialist. • Identifies process improvements to increase the efficiency and effectiveness of the AML process. • Takes initiatives to learn new systems and takes advantage of cross training opportunities. • Attends BSA/AML/Verafin training as assigned. Requirements Requirements:
• Some College/Associate’s Degree • 3-5 years of job-related work experience • Experience with financial/banking industry, BSA/AML/OFAC monitoring and case management applications and related analytics. • Strong practical experience in investigative functions as it relates to current and proposed BSA/AML, must be eligible to work in the U.S. PATRIOT Act laws and OFAC regulations, specifically as they apply to money laundering, terrorist financing and OFAC sanctions. • Extensive knowledge of and experience with Bank Secrecy Act (BSA) and Anti Money Laundering and OFAC Regulations. • Proven ability to work independently with minimal supervision in a high volume work environment • Strong analytical and computer skills • Ability to self-mange situations that require attention to detail, high-level prioritization and follow through; including decision making, escalation and conflict resolution. • Excellent computer literacy in all Microsoft Programs (Office, Outlook, Word, Excel, Power Point, Adobe Reader) including the use of pivot tables. • Vendor Systems (DNA, LexisNexis and Verafin) preferred • Personal Computer, copier, fax, phone system, printers, calculators, Copier/Scanner, Fax, Phone Systems, Printers, Calculators
Robert Half is the world’s first and largest specialized talent solutions firm that connects highly qualified job seekers to opportunities at great companies. We offer contract, temporary and permanent placement solutions for finance and accounting, technology, marketing and creative, legal, and administrative and customer support roles.
Robert Half puts you in the best position to succeed by advocating on your behalf and promoting you to employers. We provide access to top jobs, competitive compensation and benefits, and free online training. Stay on top of every opportunity – even on the go. Download the Robert Half app and get 1-tap apply, instant notifications for AI-matched jobs, and more.
Questions? Call your local office at 1.888.490.4154. All applicants applying for U.S. job openings must be legally authorized to work in the United States. Benefits are available to contract/temporary professionals. Visit https://roberthalf.gobenefits.net/ for more information.