TowneBank · 10 hours ago
BSA/AML Specialist I - Alert Reviewer
Suffolk, VA
Full-time
Onsite
Entry, Mid Level
2+ years expTowneBank is committed to fighting against money laundering and terrorist financing through its BSA/AML Department. The BSA/AML Specialist I - Alert Reviewer is responsible for investigating unusual activities identified by the bank's automated transaction monitoring system and preparing documentation to support the disposition of alerts.
Banking
Responsibilities
Conduct reviews of unusual activity identified through system generated alerts using internal bank systems, open-source searches, and transaction history analysis
Determine if alerted activity is consistent with red flags for money laundering or other financial crimes and escalate to next level review when necessary
Disposition alerts within department deadline expectations, this position must meet monthly SLAs
Assist BSA Management with department projects as needed
Assist with below-the-line testing for alert optimization and tuning as needed
Qualification
Required
2-3 years banking or similar experience with knowledge of branch and/or loan operations
General knowledge of federal requirements under the Bank Secrecy Act and Office of Foreign Assets Control (OFAC) regulations
Excellent analytical and problem-solving skills
Ability to comply with regulatory deadlines and work in a fast-paced environment
Ability to handle confidential customer information
Knowledge of bank products and services
Ability to work independently and possess a team player attitude
Strong written and verbal communication skills
Detail oriented with good organization skills
Working knowledge of Microsoft Office Suite
Preferred
Bachelor's degree in related field such as business management, criminal justice, accounting, or economics
Working knowledge of federal requirements under the Bank Secrecy Act including Customer Identification Program, USA PATRIOT Act and Office of Foreign Assets Control (OFAC) regulations, and be familiar with FFIEC BSA/AML Manual guidelines
Experience in a financial institution with asset size $10B and over
Company
TowneBank
TowneBank is a bank that offers various financial services to individuals and businesses.
1001-5000 employees
Funding
Current Stage
Public CompanyTotal Funding
unknown2000-01-14IPO
Leadership Team
William I. Foster III
President & Chief Executive Officer
Lee Clark
Chief Operating Officer
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