Compliance Specialist
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Job Summary
Position Duties
BSA Calculations New Accounts
Conduct Bank Secrecy Act (BSA) calculations for newly opened accounts to support regulatory compliance and risk assessment requirements.
Ensure all calculation records are accurate well-documented and readily available for regulatory audits examinations and internal compliance reviews.
CTRs Monitoring and Behavioral Settings
Prepare and file Currency Transaction Reports (CTRs) and review system alerts to identify potential suspicious activity ensuring all alerts are thoroughly investigated properly documented and completed within required timeframes.
Configure maintain and update behavioral monitoring settings within compliance systems to align with current risk profiles regulatory requirements and internal compliance standards.
Wire Processing and Reviews
Conduct detailed pre-processing reviews of wire forms and verify transaction details collected by Relationship Managers ensuring accuracy completeness and full compliance with internal controls regulatory standards and required documentation prior to execution.
Identify discrepancies unusual activity or potential risk indicators and escalate appropriately in accordance with established procedures.
Process wire transfers accurately within designated systems in accordance with operational procedures and regulatory requirements.
New Account Management (Checklists and Procedures)
Process new account openings using established procedures and control checklists ensuring full compliance with documentation requirements and regulatory standards including credit review OFAC screening ChexSystems review and Know Your Customer (KYC) verification.
Coordinate with cross-functional teams to investigate and resolve account-related matters in a timely and efficient manner.
Annual Document Requests (CMS)
Respond to annual document requests within CMS ensuring timely and accurate submission.
Maintain organized records of document requests and completions for audit purposes.
Qualifications
Strong understanding of business accounts and financial operations.
Current or attainable BSA Certification with demonstrated regulatory knowledge.
Bachelors degree in business or related field preferred.
Ability to proactively self-train and apply new industry knowledge to protect Safe Harbor and ensure compliance.
Proven ability to adhere to regulatory guidelines strictly and institutional protocols governing service to this industry.
Benefits & Perks
At Safe Harbor Financial we invest in our teams health financial security and work-life balance. We offer:
- Comprehensive Health Coverage Medical dental and vision plans with multiple tiers to fit your needs including HSA-eligible options
- 401(k) Retirement Plan Company-supported retirement savings plan to help you build long-term financial security
- PTO Flexible time off so you can recharge and show up as your best self
- Growth-Oriented Culture A collaborative environment where your contributions are recognized and career development is supported
Required Skills:
Qualifications Strong understanding of business accounts and financial operations. Current or attainable BSA Certification with demonstrated regulatory knowledge. Bachelors degree in business or related field preferred. Ability to proactively self-train and apply new industry knowledge to protect Safe Harbor and ensure compliance. Proven ability to strictly adhere to regulatory guidelines and institutional protocols governing service to this industry.
Required Education:
Bachelors of Business Degree preferred
