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Bank Secrecy Act & Fraud Specialist

This opportunity is perfect for you if you have

• Attention to detail
• Strong organizational skills
• Strong reasoning and research skills

ABOUT THE POSITION

In this position within the Compliance and Risk department, you would be responsible for providing administrative support to the Bank Secrecy Act & Fraud Manager to ensure Company compliance with Bank Secrecy Act and Anti-Money Laundering related laws and regulations. Will perform a variety of duties and initiatives designed to maintain a strong BSA/AML/OFAC compliance position for the Arrow Family of Companies. Additionally responsible for collaborating with the Fraud & Information Security Professional to support the administration of our Fraud Program.

Responsibilities Include:

• Maintain current knowledge of existing and emerging industry-related laws, regulations, and other applicable regulatory compliance requirements for Bank Secrecy Act, Anti-Money Laundering, Office of Foreign Assets Control, Financial Crimes Enforcement Network (FinCEN) and Financial Fraud.
• Research reports and customer account records to detect suspicious activity involving potential structuring and money laundering schemes; assist in back-up role with fraud investigations.
• Assist with preparation of Currency Transaction Reports (CTRs), BSA/AML/OFAC and other appropriate compliance reports in timely manner for review by Bank Secrecy Act & Fraud Manager or other designated individual.
• Conduct required OFAC, FinCEN 314a and similar searches effectively based on existing procedures. Assist with applicable reporting of search results and conduct periodic reviews to ensure data integrity.
• Interface with functional managers and others as appropriate for ongoing and timely review and analysis of reports; maintain documentation substantiating reviews.
• Maintain BSA/AML and Fraud tracking related to company-wide Incident Response Policy & Program and Identity Theft Policy & Programs.
• Work closely with internal departments to act as liaison with local, federal, and criminal justice agencies in cases of fraud, theft, or other security violations as deemed appropriate by the Fraud & Information Security Professional or management team.

Qualifications:

• Associates Degree or equivalent experience required
• BSA/AML or related certifications and continuing education preferred
• 2 years of Bank Secrecy Act or financial services-related experience preferred

Skills/Knowledge Requirements:

• Excellent communications skills, both written and verbal; comfortable communicating with customers, co-workers, and management
• Proven ability to prioritize multiple tasks/projects to meet deadlines; attention to detail and follow-up
• Demonstrated ability to collaborate, build relationships, and work as a member of a cooperative team
• Proficient in Microsoft Office Suite: Word, Excel, Outlook, and PowerPoint; ability to learn department specific software
• Strong problem solving skills, ability to analyze and solve problems effectively
• High integrity, ethics and values

ABOUT OUR COMPANY

We offer a pleasant work environment, career development opportunities, competitive compensation, and an exceptional benefits package. This position works out of our headquarters in Glens Falls, New York.

Glens Falls National Bank & Trust Company has been serving the region and helping our neighbors achieve their financial goals since 1851. We are proud to serve as a cornerstone in the community through charitable giving and unmatched volunteerism. We serve Warren, Washington, northern Saratoga, Essex, and Clinton counties through 30 offices.

Our HR Team serves the more than 500 employees of Arrow Financial Corporation’s subsidiaries – Glens Falls National Bank & Trust Company, Saratoga National Bank & Trust Company, and Upstate Agency Insurance.

As a multi-bank holding company, Arrow Financial Corporation has over $2 billion in assets. Through our subsidiaries we provide a broad range of banking and insurance services across northeastern New York, including online and mobile banking, wealth management, money market and deposit accounts, and mortgage, consumer and commercial loans.

We are an Equal Opportunity Employer. Our employment decisions are made without regard for: race, color, religion, national origin or ethnic origin, gender (including pregnancy), sexual orientation, gender identity or expression, age, disability, veteran status, or any other characteristic protected by law.

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