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Bank Secrecy Act Specialist in Virginia Beach, VA at Vaco

Date Posted: 7/3/2018

Job Snapshot

  • Employee Type:
  • Job Type:
  • Experience:
    1 to 3 years
  • Date Posted:
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Job Description

Bank Secrecy Act Specialist

$16-$17/hour, Virginia Beach, VA - Contract position through November

Currently looking for a person to work with the VP of Enterprise Risk Management and Compliance to support and ensure the compliance with the Bank Secrecy Act (BSA) and the Anti-Money Laundering Act (AML) program of the financial institution.


-Monitoring day-today compliance

-Maintaining required records and documentation

-Ensuring accurate completion, filing, and maintenance of reports and logs

-Recommending updates to policies, procedures, rules, and processes

-Ensure accurate completion, investigation, reporting, and retention of Currency Transaction Reports (CTR)

-Ensure accurate completion, investigation, reporting, and retention of Suspicious Activity Reports (SAR)

-Analyze accounts to determine if fraudulent activity is present

-Ensure effective monitoring of transactions and suspicious activity as directed

Skills and Knowledge Required:

-Knowledge and understanding of the Bank Secrecy and Anti-Money Laundering as well as all other rules and regulations related to credit union compliance management experience required.

-Knowledge of reporting requirements and filing of the Currency Transaction Reports as well as the CIMR Form (International Transportation of Currency).

-Demonstrated problem solving and analytical skills.

-Strong research skills for the investigation, determination, and mitigation of suspected fraud.

-Strong ability to communicate and translate complex information both verbally and in writing.

-Strong organizational skills, attention to detail and ability to work independently.

-Computer proficient, especially with Microsoft applications (Advanced Excel, Intermediate Word).

-Willing to travel as needed.

Apply with Vaco, and we will be your personal advocate! We will promote your strengths and help prepare you for your interview, supplying you with key information about our client. We will provide you with access to market trends, compensation expectations, company culture and growth opportunities that are perfect for you! Find your best fit through Vaco today!