Job Details | Money Services Businesses (MSB) Coordinator

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First American Bank

Location: Elk Grove VillageIL 60007 Document ID: A8523-00P5 Posted on: 2015-02-1102/11/2015 Job Type: Regular

Job Schedule:Full-time
2015-03-13
 

Money Services Businesses (MSB) Coordinator

This position is responsible for the day- to-day management, review and enhanced due diligence of Money Services Businesses (MSB) portfolio of accounts for the bank. In addition, this position is responsible for participating in the execution of strategies that promote the success of the strategic goals of the BSA/AML Department and the Operations Division.

DUTIES AND RESPONSIBILITIES:
Review and decision all new applications submitted by branch and other department employees for MSB accounts in coordination with the BSA Officer.
Manage and coordinate initial and annual site visits to MSB customers.
Manage and coordinate the initial and annual enhanced due diligence review for MSB customers.
Manage the review and analysis of MSB account activity and any investigations resulting from the review.
Research, develop, implement, analyze, and update procedures and policies for the department as they relate to MSBs or other assigned compliance topics in accordance with BSA regulations to mitigate the bank's risk.
Use independent judgment and discretion to make decisions regarding complex BSA scenarios while maintaining compliance.
Understand industry best practices as they relate to BSA/AML Compliance, and implement when applicable.
Participate in process improvement, streamlining of processes while balancing cost with productivity in assigned area within the division.
Serve as a member of the BSA Committee and attend bi-weekly meetings, and other meetings as assigned.

Design and conduct training sessions as needed for BSA staff. Participate in the development of BSA training for other departments.
Assist with daily functions in the BSA/AML department.

QUALIFICATIONS:
Associate's degree required. Equivalent work experience may be accepted in lieu of an Associate's degree.
2 plus years of previous banking experience required. Exposure to managing regulatory compliance, preferably BSA.
Good verbal and written communication skills. Possess strong interpersonal skills and professionalism. Ability to work independently with minimal oversight. Must have strong presentation skills to engage an audience.
Must have previous exposure to various computer applications, including but not limited to Windows, Microsoft Word, Excel & Online-Banking Systems.

May be required to travel to attend training or conduct customer visits. Flexibility to travel between branch locations is required.

Scheduled hours are typically 8:00am-6:00pm, Monday through Friday. Occasional Saturdays as needed.

First American Bank is an Equal Opportunity Employer (Minorities/Females/Disabled/Veterans).
     
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