JOB DESCRIPTION: AML TRANSACTION MONITORING SPECIALIST

Position: AML Transaction Monitoring Specialist
Location: Spokane - Hybrid, 2 Days in Office
Employment Type: Full-Time

ABOUT US:

The Bank is a community-focused financial institution committed to fostering strong customer relationships while maintaining the highest standards of regulatory compliance. Our team thrives on collaboration and a shared dedication to serving our customers with integrity. Join us as we continue to grow and prioritize our mission of safe, transparent banking.

JOB SUMMARY:

We are seeking a detail-oriented and proactive AML (Anti-Money Laundering) Transaction Monitoring Specialist to join our compliance team. This position is critical to ensuring the bank’s adherence to regulatory requirements related to detecting, investigating, and reporting suspicious activities. The successful candidate will help protect the bank from financial crimes and maintain compliance with applicable laws, including the Bank Secrecy Act (BSA) and USA PATRIOT Act.

QUALIFICATIONS:

• Bachelor’s degree in Finance, Business Administration, Criminal Justice, or a related field (or equivalent experience).
• 2+ years of experience in AML/BSA compliance, transaction monitoring, or related roles within the banking/financial services industry.
• Strong knowledge of AML regulations, including BSA, USA PATRIOT Act, OFAC, and FinCEN guidance.
• Experience using AML transaction monitoring systems (e.g., Verafin, Actimize, or other platforms).
• Certified Anti-Money Laundering Specialist (CAMS) certification or similar designation is preferred.
• Exceptional analytical and problem-solving skills with attention to detail.
• Strong written and verbal communication skills for drafting reports and interacting with regulators.
• Ability to work independently and handle multiple priorities under tight deadlines.
• High level of integrity and discretion in handling sensitive information.

• Monitor daily transaction activity using the bank’s AML software and manual review processes to identify potentially suspicious transactions (Sardine).
• Investigate and analyze unusual or flagged transactions to assess risk and determine the need for escalation or filing of Suspicious Activity Reports (SARs).
• Maintain accurate and complete documentation of all investigations and analyses for audit and regulatory purposes.
• Assist with regular reviews of high-risk customers and enhanced due diligence (EDD) processes.
• Collaborate with internal teams to gather information and resolve alerts efficiently while maintaining confidentiality.
• Prepare and submit accurate SARs and other regulatory reports within required timeframes.
• Stay up-to-date on AML/BSA regulations, industry trends, and emerging risks to ensure compliance and support policy updates.
• Participate in regulatory audits and examinations, providing necessary documentation and responses as required.
• Assist in developing and maintaining AML transaction monitoring procedures and guidelines.
• Provide training and support to staff on AML compliance matters, as needed.