Banking Compliance Specialist

Description

OlyFed employees love the places we work and the communities we serve. In addition to a generous benefit package and opportunities for career growth, OlyFed employees are able to boast about working for an organization with a positive reputation and a proven commitment to our communities.

OlyFed prides itself on a history of personal, high-quality service to our customers and community. The spirit of giving is built into our charter and culture. Each year OlyFed dedicates more than 10% of its revenues to community support. In addition to corporate financial contributions, our employees extend the policy of community involvement by donating their time and talents.

We are looking for a Compliance Specialist is join our team! The Compliance Specialist is responsible for compliance functions in alignment with the Bank Secrecy Act and banking regulations. Conduct research of potential unusual or suspicious activity and ensure required regulatory timeframes are satisfied. Provide a superior level of internal customer service and maintain a high degree of confidentiality and business ethics. This is a fully remote position. One must reside in Washington State and have the ability to attend meetings at the Main office in downtown Olympia.

ESSENTIAL DUTIES & RESPONSIBILITIES:

• Maintain up-to-date knowledge of all applicable regulations (BSA, CIP, OFAC, Deposits), association policies and procedures, and industry best practices.
• Ensure all transactions are uploaded daily into the automated monitoring system.
• Research and close alerts and escalate potential suspicious activity to management.
• Track, update and monitor open cases, ensuring that BSA regulatory timeframes are satisfied. Report weekly to Assistant Compliance Manager.
• Monitor Currency Transaction Report (CTR) and Suspicious Activity Report (SAR) filing deadlines.
• Perform reviews to identify and monitor high risk customers.
• Review and close OFAC alerts generated by the various OFAC monitoring systems.
• Review all check holds placed for compliance with the Expedited Funds Availability Act (Reg. CC).
• Review processes and procedures and make recommendations to increase accuracy and effectiveness.
• Obtain certificates of completion for BSA/AML and Fraud Prevention courses.
• Provide additional support for Compliance Department positions as necessary.
• Other duties as assigned.

Requirements

KNOWLEDGE, SKILLS AND ABILITY REQUIREMENTS:

• Strong understanding of Federal Regulations and Association policies and procedures with demonstrated ability to interpret and apply quickly and independently.
• Work independently with minimal supervision.
• Excellent public and customer relations skills to effectively communicate with internal and external customers, determine their needs, and maintain their confidence.
• Organization and flexibility to prioritize workload in a fast-paced, customer-driven environment.
• Exercise customer confidentiality and discretionary judgement.
• Exceptional written and verbal communication skills including the ability to clearly communicate and explain complex banking and compliance regulations and documents.
• Proficiency in basic computer programs with ability to learn new software.
• Read, write, speak, and understand English well. Perform basic calculations.

QUALIFICATIONS:

• High School diploma, GED, or equivalent skills.
• Two years banking experience with ability to demonstrate understanding of bank operations.
• Teller and compliance experience preferred.
• Must be bondable.
• Reside in Washington State.

PHYSICAL DEMANDS & WORK ENVIRONMENT/CONDITIONS:

Duties are performed in usual office conditions. Ability to operate standard office equipment including personal computer, standard keyboard, 10-key calculator and work a standard shift with repetitive wrist and hand movements. Ability to talk and hear. Ability to stand or sit for extended periods of time. Occasionally lift, move, or carry items up to 15 lbs. Ability to concentrate on the matter at hand, under sometimes distracting work conditions. Requires manual dexterity and handling ability. Use hands and arms to finger, handle, grab and reach. Specific vision abilities including close vision and the ability to adjust focus. Work may involve eyestrain due to constant use of computer screens. Occasional walking, kneeling, stooping, crouching, and bending. Ability to be mobile office-wide for various business needs.

Employees are covered by medical, dental, vision, basic life insurance and long-term disability. Voluntary benefit coverage includes life insurance, AD&D, legal, accident, critical illness, hospital indemnity, and FSA. Options for family coverage are available. Employees can enroll in our company's 401k plan. We offer immediately vested 5% 401k match, as well as profit sharing, and an annual incentive bonus. Full time employees will receive the following paid time off per month: 6.67 hours of vacation leave and 8 hours of sick leave. In addition, the following paid time off per year: 11 paid holidays; a float holiday; a birthday holiday; 24 wellness hours; 16 volunteer hours. Modified for part-time employees.

Olympia Federal Savings is an Equal Opportunity Employer and affirmative action employer. EOE AA M/F/Vet/Disability: EEOC Legal Poster

If you require a reasonable accommodation to complete the application process, please contact Human Resources at 360-754-3400.