BSA/AML Compliance Specialist

2 weeks ago


Livingston, New Jersey, United States Somerset Savings Bank Full time
BSA/AML Compliance Role at Somerset Savings Bank

We are seeking a highly skilled BSA/AML Compliance Specialist to join our team at Somerset Savings Bank. As a key member of our compliance department, you will play a critical role in ensuring the bank's adherence to Bank Secrecy Act (BSA), Anti-Money Laundering (AML), and Office of Foreign Assets Control (OFAC) regulations.

Key Responsibilities:
  • Support the development and implementation of BSA/AML compliance programs and policies.
  • Monitor accounts for indicators of unusual or suspicious activity, utilizing advanced transaction monitoring systems.
  • Collaborate with internal stakeholders to identify and mitigate potential compliance risks.
  • Conduct thorough reviews of customer accounts and transactions to ensure compliance with regulatory requirements.
  • Stay up-to-date with changing regulatory requirements and industry best practices.
Requirements:
  • Strong understanding of BSA/AML regulations and compliance requirements.
  • Excellent analytical and problem-solving skills.
  • Ability to work effectively in a team environment.
  • Strong communication and interpersonal skills.
  • Proficiency in transaction monitoring systems and software.

If you are a motivated and detail-oriented professional with a passion for compliance, we encourage you to apply for this exciting opportunity to join our team at Somerset Savings Bank.



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