Banking Compliance Specialist

About the position 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 to 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. 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 • 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. , • Ability to go to the Main office in Olympia, WA for meetings. Nice-to-haves • Two years banking experience with ability to demonstrate understanding of bank operations. , • Teller and compliance experience preferred. , • Must be bondable. Benefits • 401(k) 5% Match , • 401(k) matching , • AD&D insurance , • Dental insurance , • Disability insurance , • Flexible spending account , • Health insurance , • Profit sharing , • Annual incentive bonus , • Paid time off including vacation, sick leave, holidays, wellness hours, and volunteer hours. Apply Job!