Anti Money Laundering (AML) Specialist

We are currently seeking an experienced Anti Money Laundering (AML) Specialist to join our team of professionals in our east Orlando offices. This position requires a comprehensive understanding of the Bank Secrecy Act (BSA) forms and procedures to ensure the appropriate implementation and compliance of the BSA/AML/OFAC Policy and Program credit union wide. The compensation range for this position is $61,000 to 75,000.  Offered salary is determined based on various factors, including skills, performance, experience, qualifications, and market conditions. This position will start on-site and transition to hybrid (if desired) after initial training period.

Essential Duties/Responsibilities: 

• Craft accurate and compelling documentation for reports and investigations, utilizing strong narrative writing skills to support regulatory processes.
• Assist and oversee daily completion of Currency Transaction reports (CTR). Serve as backup for CTR E-filing.
• Research, review, decision alerts and prepare suspicious activity reports (SARs)
• Responsible for the monitoring for Office of Foreign Asset Control Compliance (OFAC). Such as; Review OFAC alerts for compliance via automated database checks, daily new accounts, nonmember check cashing, lending, wires & ACH.
• Assist with subpoena, law enforcement request, National Security Letter (NSL) requests, 314(a) and 314(b) Information Sharing requests as directed.
• Perform analysis on Bank Secrecy Act (BSA), AML and other cases within monitoring system and other reports either internal or external used for monitoring unusual transactions and prepare regulatory reports as required.
• Review and decision large transactions and high-risk accounts as well as various departmental reports on a frequent basis. .
• Support and answer questions from staff relating to BSA Compliance requirements. Research questions related to BSA regulatory requirements and the Customer Information Program - CIP.
• Assist with monthly and quarterly reporting metrics to management and the board of directors.
• Annual review of Exemptions and Ad hoc reviews for possible exemption status

Education & Experience:

• Associates degree or higher is preferred, AML certification is preferred
• Minimum of 2 years' AML experience is required
• This position requires an understanding of the following: Bank Secrecy Act, Anti Money Laundering regulations and Office of Foreign Asset Control requirements to ensure awareness, within the areas under their supervision, of the necessary requirements, procedures and forms for Currency Transaction reports, Suspicious Activity reports, customer identifications program, customer due diligence, enhanced due diligence and various report logs required by the regulations.
• Proficiency with financial software to monitor and analyze transactions and detect suspicious activities is required, experience in Verafin and DNA is a plus. 
• Effective written and verbal communication skills to draft narratives and report findings clearly and concisely to management is required.

Why is FAIRWINDS recognized as an employer of choice?

In addition to 11 paid holidays every year, we offer highly competitive benefits including:

• • 85% employer paid medical, vision, and dental coverage
  • 401(k) match at 6%
  • Paid vacation and sick time that does not expire
  • Wellness reimbursement – trade in unused sick time to pay for your gym membership!
  • Tuition reimbursement

FAIRWINDS is an Equal Opportunity Employer. 

Salary : $61,000 - $75,000