Company: Marquette Bank
Location: Orland Park
Posted on: November 25, 2022
Position SummaryThe BSA/AML/OFAC Specialist's responsibilities
include acting as the CTR subject matter expert by filing CTRs
accurately and timely, performing CTR exemption reviews, and
implement regulatory and system changes as applicable to the CTR
process. Additional responsibilities include investigating and
making decisions related to potentially suspicious activity,
including alerts, cases and SAR/No SAR recommendations. The
BSA/AML/OFAC Specialist is responsible for handling assigned tasks
and procedures regarding compliance with various anti-money
laundering laws and regulations. The BSA/AML/OFAC Specialist is
responsible for providing compliance guidance on changes in the
regulatory environment and requirements that affect the financial
services industry. The BSA/AML/OFAC Specialist ensures a proactive
approach to BSA/AML/OFAC compliance in a business-friendly manner.
Essential Duties and Responsibilities:
- Review, decision and file CTRs timely and accurately in the
capacity as the CTR subject matter expert.
- Perform reviews of Horizon release notes and report any CTR
related changes to the BSA Department, coordinate with the IS
Department on scheduling updates and conduct testing once the
- Manage the FIS support ticket process by creating tickets
through FIS portal and monitor until a resolution is identified for
BSA related issues.
- Process daily non-validated transactions within the banks
- Compile CTR data and prepare reports for the Board of
- Reviewing and investigating alerts, performing investigations
or enhanced due diligence reviews for potentially suspicious
activity, make risk-based SAR recommendations and prepare
- Identify weaknesses in practice/procedures and recommend
solutions that increase the level of compliance without
unnecessarily burdening the business unit.
- Respond to 314(b) requests and any requests received by law
enforcement timely and accurately as assigned by the BSA/AML/OFAC
Officer or Assistant BSA/AML/OFAC Officer.
- Coordinate and facilitate training sessions to educate bank
personnel on BSA/AML/OFAC.
- Attend applicable regulatory training, seminars and conferences
to maintain a current, thorough understanding of money laundering
and terrorist financing issues, including policies, procedures,
regulations, industry best practices, criminal activities and
- Implement assigned regulatory compliance responsibilities and
activities associated with Bank Secrecy Act and Money Laundering
initiatives throughout the Bank.
- Review and update policies and procedures as necessary to
maintain compliance with all applicable Anti-Money Laundering laws,
regulations, and guidelines, (e.g., BSA, CIP, USA PATRIOT Act and
- Assist the BSA/AML/OFAC Officer in preparing for regulatory,
external and internal examinations.
- Provide compliance assistance and information to all
departments/functional units within the bank.
- Adheres to Code of Conduct and internal controls for which this
position is responsible.
- Performs other duties as assigned.
Knowledge/Abilities/Experience and Training Required:
- High School graduate, college degree preferred
- ACAMS designation or similar certification in the Financial
Crimes area preferred.
- 3 - 5 years of general banking experience with minimum of (2)
years' experience in BSA/AML, OFAC and USA Patriot Act
- Familiarity with Abrigo Software (formerly known as Bankers'
Toolbox) (BAM+ and BSA Manager) preferred or similar automated
- Prior Teller and or Personal Banker experience preferred and
working knowledge of bank operating environment and systems.
- Working knowledge of Federal and State Anti-Money Laundering
compliance statutes and regulations.
- Proficient in Microsoft Word and Excel.
- Ability to read and interpret statutes and regulations.
- Ability to relate to individuals at all levels within the
organization as well as with regulatory agencies.
- Demonstrated ability to handle difficult and sensitive business
- Solid analytical, creative and problem-solving abilities.
Physical Demands: The physical demands described here are
representative of those that must be met by employees in order to
successfully perform the essential functions of this job.
Reasonable accommodations may be made to enable individuals with
disabilities to perform the essential functions.
- Employee is regularly required to remain in a stationary
- Employee may need to occasionally move about inside the office
to access file cabinets, office machinery, etc.
- Employee is regularly required to operate a computer and other
office productivity machinery (i.e., a calculator, copy machine and
- Employee may need to constantly position themselves in the
office in order to file upper and lower drawers.
- Employee in this position frequently communicates with staff
and clients and must be able to exchange accurate information in
- Employee may need to frequently lift and/or move up to 10
pounds and occasionally lift and/or move up to 25 pounds.
- Employee specific vision abilities required by this position
include close vision, distance vision, color vision, peripheral
vision, depth perception and ability to adjust focus. Work
Environment: The work environment characteristics described here
are representative of those an employee encounters while performing
the essential functions of this job. The noise level in the work
environment is usually moderate.EOE-Females/Minorities/Protected
Veterans/Individuals with Disabilities PI197008049
Keywords: Marquette Bank, Orland Park , BSA Specialist, Other , Orland Park, Illinois
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