BSA/AML Risk Specialist, Safety and Soundness

Company

Federal Reserve Bank of St.

Louis

The Supervision Division is looking for individuals with a background in Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) compliance to join our Safety & Soundness team.

As a BSA/AML Risk Specialist, you will assess a financial institution’s BSA/AML activity risk profile and evaluate their overall compliance with BSA/AML laws and regulations.

You will work onsite in the Little Rock, AR, Memphis, TN or St.

Louis, MO office.

Overnight travel is required, or if in range, commutable travel.

You may travel approximately 50 nights per year, averaging 20-30% of workdays within the Eighth Federal Reserve District.

It includes overnight stays (up to five consecutive days), travel mostly by vehicle, but some air travel may be involved.

The St Louis Federal Reserve Bank diligently works to provide a positive Work/Life Balance through a compressed work schedule and periodic work from home opportunities.

Responsibilities


* Analyze the financial institution’s BSA/AML risk profile including risk of illicit activity related to current and expanded products and services, customer base, and geographic location.     


* Assess compliance with regulatory requirements including policies and procedures, effectiveness of independent testing/review, completeness of risk assessment, expertise of BSA Officer and staffing, know your customer requirements, alert management, and SAR decision-making and reporting processes.


* Plan, participate, and lead supervisory events of more complex financial institutions.

 


* Prepare informative, concise, and well supported supervisory products including work papers, and communicate supervisory conclusions to financial institution management, other examiners, and Reserve Bank management.


* Foster relationships with fellow examiners, Reserve Bank staff, financial institution management, and other federal and state banking regulators. 


* Be willing to serve as a mentor to less experienced BSA/AML risk specialists or examination staff. 

Qualifications


* Bachelor’s degree in business, accounting, economics, finance, or related field.


* 5+ years of work-related experience with BSA/AML compliance or as a BSA/AML compliance officer.


* Sound understanding of compliance regulations related to BSA/AML, Office of Foreign Assets Control (OFAC) sanctions programs and related activity including transaction monitoring, customer/enhanced due diligence, fraud investigation, high risk accounts, 314(a) and (b) requests, marijuana-related businesses and FinTech activity. 


* Required  certifications: Certified Anit-Money Laundering Specialist (CAMS), Certified AML and Fraud Professional (CAFP), Certified BSA/AML Professional (BCAP), Bank Secrecy Act Compliance Specialist (BSACS), or similar BSA/AML-related certification. 


* Overnight travel required 20-30% of the year (approximately 50 nights).


* You must live in, or relocate to...