JCW Group
We are currently recruiting on behalf of a community bank for a Compliance Specialist. This role supports the compliance department of a New Jersey regional bank by managing both Bank Secrecy Act (BSA) functions and general regulatory compliance tasks. This position requires 2-4 years of experience within a financial institution, focusing on anti-money laundering (AML) protocols alongside the testing of consumer protection regulations.
Responsibilities:
Review automated transaction alerts for potential money laundering, terrorist financing, or fraudulent activity. Investigate customer account behavior and file Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs) in accordance with FinCEN timelines. Conduct compliance testing and monitoring for consumer regulations including Reg B, Reg E, Reg Z, and Reg CC. Perform enhanced due diligence (EDD) for high-risk customers and maintain accurate Know Your Customer (KYC) documentation. Assist in the review of marketing materials and disclosures to ensure adherence to UDAAP and other fair lending standards. Facilitate the collection of data and files for internal audits and state/federal regulatory examinations. Screen new and existing accounts against OFAC and other government sanction lists. Monitor changes in federal and state banking laws to assist in updating internal policies and procedures. Qualifications:
2-4 years of experience in bank compliance, covering both BSA and general regulatory requirements. Bachelor’s degree in Business, Finance, or a related field. Familiarity with BSA/AML software (e.g., Verafin, BAM+, or Actimize) and core banking systems. Fundamental knowledge of the USA PATRIOT Act and consumer protection laws (TILA, RESPA, ECOA). Ability to synthesize complex regulatory language into actionable internal reports.
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Review automated transaction alerts for potential money laundering, terrorist financing, or fraudulent activity. Investigate customer account behavior and file Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs) in accordance with FinCEN timelines. Conduct compliance testing and monitoring for consumer regulations including Reg B, Reg E, Reg Z, and Reg CC. Perform enhanced due diligence (EDD) for high-risk customers and maintain accurate Know Your Customer (KYC) documentation. Assist in the review of marketing materials and disclosures to ensure adherence to UDAAP and other fair lending standards. Facilitate the collection of data and files for internal audits and state/federal regulatory examinations. Screen new and existing accounts against OFAC and other government sanction lists. Monitor changes in federal and state banking laws to assist in updating internal policies and procedures. Qualifications:
2-4 years of experience in bank compliance, covering both BSA and general regulatory requirements. Bachelor’s degree in Business, Finance, or a related field. Familiarity with BSA/AML software (e.g., Verafin, BAM+, or Actimize) and core banking systems. Fundamental knowledge of the USA PATRIOT Act and consumer protection laws (TILA, RESPA, ECOA). Ability to synthesize complex regulatory language into actionable internal reports.
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