It's fun to work in a company where people truly BELIEVE in what they're doing!
We're committed to bringing passion and customer focus to the business.
Position Summary
This role plays a pivotal part in advancing the organization's strategic objectives by addressing compliance, financial, operational, and reputational risks associated with BSA/Anti-Money Laundering. This position will actively contribute to meeting government regulations aimed at detecting and preventing money laundering. Key responsibilities include providing essential oversight to ensure adherence to all regulatory requirements in alignment with the organizational vision. Using expertise and training, this position will employ objective reasoning while reviewing, monitoring, and investigating transactions through automated systems and other reporting methods. The collaborative nature of this role emphasizes working closely with team members and leaders across the organization to foster a unified approach to risk mitigation and quality assurance.
Principle Duties And Responsibilities
- Willingness and ability to exhibit Wellby Core Values every day.
- Works with purpose and is driven to provide the best team member experience.
- Provide support to credit union teams to mitigate risk in pursuit of our business objectives.
- Conduct Customer Identification Program (CIP), Know Your Customer (KYC), and transaction monitoring for consumer and business entity relationships.
- Exercise discretion and independent judgment when reviewing incoming CTRs/SARs to ensure appropriate information has been captured and recommend SAR or No-SAR decision for filing, and complete detailed narratives of investigation finding in the form of a SAR or no SAR memo.
- Ensure timely submission of required regulatory filings, including the filing of Currency Transaction Reports (CTRs) and Suspicious Activity Reports (SARs) according to Financial Crime Enforcement Network (FinCEN) guidelines.
- Review, research, and determine suspicion items and transactions identified according to the Bank Secrecy Act (BSA) and OFAC via AML automated alerts or manually received reports and internal referrals.
- Work cooperatively with internal departments, other financial institutions, local, state, or federal authorities to obtain and analyze information related to investigations of BSA, OFAC, and USA PATRIOT Act.
- Monitor account activity to ensure compliance with all OFAC requirements. Clear OFAC false positive hits on wires, ACH, and new memberships opened digitally and in branch locations.
- Complete daily/monthly reviews of monetary instrument (MI) purchases.
- Maintain all business affairs of both internal and external members confidentially.
- Complete all required, ongoing enterprise-level training including, but not limited to, BSA, OFAC, Privacy, and Information Security.
- Maintain the highest levels of integrity and professionalism.
- Performs other duties as assigned.
Knowledge, Skills, And Abilities (KSA)
- Knowledge of Wellby’s organizational functions, and general operating policies and procedures.
- Knowledge of secretarial practices and procedures, business English, spelling, and punctuation.
- Knowledge of the personal computer, utilizing Microsoft Office Suite Banno, Doxim, Image Center, Lexis Nexis, Meridian Link, Open Text, Symitar, Verafin, Verkada, Visa Online, Wire Exchange, Ncomply, Currency Exchange and other software’s.
- Skilled in operating office equipment and general machines such as personal computer, copier, projection equipment, audio/video, Microsoft Teams, Zoom Video Communications, and adding machine.
- Ability to communicate information and ideas office so others will understand. Must be able to exchange accurate information in these situations.
- Ability to multi-task, maintain accuracy, and meet deadlines in a fast-paced, high-volume environment.
- Ability to use strong investigative and analytical skills, including documenting findings to support account reviews
- Ability to efficiently understand and follow oral and written instructions, perform routine duties without close supervision and establish and maintain effective working relationships with other team members.
- Ability to communicate clearly and concisely, orally and in writing with members and team members..
- Ability to work individually or as part of a team to achieve results.
Complexity & Scope of Work
- The team member performs a moderate number of routine and generally related tasks without supervisory direction.
- Instructions to the team member may be general or specific in nature.
- Courses of action are determined by established procedures and/or their leader.
- The team member’s work is reviewed periodically for accuracy, completion, and compliance with the policies and procedures.
- Tasks may occasionally have to be coordinated, integrated, and/or prioritized.
Physical Demands & Work Environment
- The physical demands and work environment characteristics described here represent those that must be met by a team member to successfully perform the essential functions of this position. Reasonable accommodations may enable individuals with disabilities to perform the essential functions.
- To perform this job successfully, the team member is frequently required to remain in a stationary position 70% of the time. Daily movements include sitting; standing, reaching, and grasping, operating computers and other office equipment, moving about the office; and attending possible onsite and offsite meetings. The team member must be able to exchange information, in person, in writing and via telephone. Some degree of stress results from contact with leadership, management, members and other team members.
- The ability to observe details at close range (within a few feet of the observer).
- Must be able to occasionally lift items weighing up to 25 pounds across office and load onto shelves for various needs.
- The noise level in the work environment is usually moderate.
- Work involves the typical risks and discomforts associated with an office environment but is usually in an area that is adequately cooled, heated, lighted, and ventilated.
Minimum Qualifications
- Minimum of two (2) years prior financial institution experience. BSA experience preferred.
- Ability to obtain Certified Anti Money Laundering Specialist (CAMS), Bank Secrecy Act Compliance Specialist (BSACS) Certifications within one (1) year of employment.
- Experience with Verafin, Symitar, and Meridian Link preferred
- Excellent communication, organizational and time management skills.
- Bondable
For All Candidates:
This is a
Full-Time, Salary (exempt) role.
Wellby is an equal opportunity and affirmative action employer and gives consideration for employment to qualified applicants without regard to race, color, religion, sex, national origin, age, disability, genetic information, sexual orientation, gender identity or expression, pregnancy, veteran status or any other legally protected characteristic. If you'd like more information about your EEO rights as an applicant under the law, please contact Human Resources.
Wellby provides equal opportunity to qualified individuals with disabilities and disabled veterans. If you need a reasonable accommodation, please email careers@wellbyfinancial.com or call 281-226-1696 for assistance.
Disclaimer
The statements herein are intended to describe the general nature and level of work being performed by team members and are not to be construed as an exhaustive list of responsibilities, duties, and skills required of personnel so classified. Furthermore, they do not establish a contract for employment and are subject to change at the discretion of the Company.