Primary Purpose of Job
Carries out the operations of the Bank Secrecy Act, USA Patriot Act, Anti-Money Laundering Program, OFAC, and Customer Identification Program by ensuring that regulatory requirements are satisfied.
Major Job Accountabilities
- Evaluates risk criteria and identifies suspicious account activity. Determines whether blocking or closing accounts is required, and whether criteria is satisfied for reporting to regulatory agencies within regulatory guidelines.
- Responsible for general oversight of the CTR program, which may include processing, inputting, and e-filing Currency Transaction Reports (CTR). Responsible for administering CTR Exemption Program, including filings and annual reviews. Makes determinations regarding blocking or closing accounts and reporting to regulators within regulatory deadlines.
- Reviews case transaction reports and applies decision making regarding disposition.
- Coordinates, maintains and develops enhancements to various components of the Bank Secrecy Act program including but not limited to the Customer Identification, Customer Due Diligence, and Enhanced Due Diligence Programs.
- Provides advice and guidance to lines of business regarding compliance with applicable banking laws, regulations, regulatory policies & procedures.
- Completes all requisite job training.
Experience Required
Minimum six (6) months to one (1) year of similar or related experience is a plus:
- Investigating complex BSA/AML suspicious activity cases;
- Performing reviews for customers deemed to be high risk;
- Making accurate SAR filing determinations;
- Independently complete: CTR cases, Monetary Instrument Logs, OFAC reviews and approvals, 314(a) and (b) requests;
- Performing analysis of information/data to interpret and apply to business decisions;
- Writing and presenting in a manner that effectively communicates with all levels of the organization.
Required Skills or Training
- Demonstrated organizational skills and flexibility to adapt to rapidly changing priorities.
- Effective communicator, demonstrated through listening, writing, and oral presentations to broad constituency groups that may include management, internal auditors, external regulators, etc.
- Demonstrated ability to work independently, applying knowledge of policies & procedures to deliver results.
EOE, including disability/veterans
At American Savings Bank, we welcome and support all individuals and celebrate the diversity of our team members, customers and community. We are committed to ensuring that our online application process is accessible and provides an equal employment opportunity to all job seekers. If you need assistance searching for a job or submitting an application, please contact us by calling 808-538-2000 and a member of our Recruitment team will follow up with you. Mahalo for your interest in American Savings Bank!
Skills Required
- Six months to one year of similar or related experience
- Experience investigating complex BSA and AML suspicious activity cases
- Experience reviewing high-risk customers
- Experience making accurate SAR filing determinations
- Ability to independently complete CTR cases, Monetary Instrument Logs, OFAC reviews and approvals, and 314(a) and 314(b) requests
- Experience analyzing information and data to interpret and apply to business decisions
- Effective written and oral communication and presentation skills
- Organizational skills and flexibility to adapt to changing priorities
- Ability to work independently and apply policies and procedures to deliver results
What We Do
American Savings Bank (ASB) has served Hawaii’s businesses and communities for over 100 years, offering a full range of financial services including business and consumer banking, home loans, insurance and investments. One of Hawaii’s leading financial institutions, ASB provides convenient online banking and branch locations statewide with evening, weekend and holiday hours. For six years, Forbes has named ASB America’s Best In-State Bank, recognizing its performance in trust, branch and digital services, customer service, financial advice, and terms and conditions. ASB pairs its customer experience with a nationally recognized employee experience. It has been named one of Hawaii Business Magazine’s Best Places to Work for 15 years and honored by American Banker as one of the Best Banks to Work For, by Newsweek as one of America’s Greatest Workplaces, and by Fortune as one of the 100 Best Workplaces for Women and 50 Best Workplaces for Diversity. Through its Seeds of Service program, ASB teammates have contributed more than 136,000 volunteer hours, with millions of dollars donated to Hawaii nonprofits and community organizations. For more information, follow American Savings Bank on Facebook, Instagram and LinkedIn.
