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Compliance Specialist

Wallingford, Connecticut 06492

Job ID: 10774 Category: Professional

Job Description

  • Monitor daily alert and account activity through the use of electronic transaction monitoring case management systems.
  • Perform thorough analysis of transactions and consumer information to vet for potentially suspicious and fraudulent activity.
  • Conduct intensive investigations using both internal and external investigative tools to arrive at sound risk-based conclusions.
  • Document investigations, escalation and resolution of cases for review by supervisor.
  • Perform due diligence, KYC, OFAC screening on customers, agents, billers, and/or merchants.
  • Draft clear, concise, well-written Suspicious Activity Reports that detail and analyze the potentially suspicious activity for review by a supervisor.
  • Develop system enhancements to transaction monitoring system for increased efficiency and effectiveness of suspicious activity and fraud detection.
  • Management of 314(b) and law enforcement requests to build cases and report activity.
  • Communicate with agents, banks and billers in order to send, track, and follow up on requests for information and documentation.          


Required Qualifications:

  • Bachelor’s Degree or equivalent experience required
  • Minimum of 2-5 years banking or regulatory experience specifically working with the BSA/AML and OFAC regulatory requirements
  • Strong analytical skills required - ability to problem solve, conduct investigations, review and analyze data, locate its source, and develop and recommend solutions.
  • Excellent oral and written communication skills
  • Exhibits excellent teaching and training skills
  • Proactive and self-starting
  • Strong project management skills
  • Must possess a high level of initiative, inquisition and creativity
  • Strong work ethic, independent initiative, and interpersonal skills
  • Strong understanding of, or the ability to quickly gain such, of Bank Secrecy Act (BSA)/Anti Money Laundering (AML) laws, regulations, and guidance as well as the desire to keep up with changes in a complex environment
  • Detail and quality oriented
  • Ability to establish and maintain harmonious working relationships with co-workers and other business units.


Preferred Qualifications:

  • ACAMS, CFE, CFCS, CFCI, preferred
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