The BSA/AML Compliance Specialist is responsible for using his/her transactional monitoring, and data & analytical skills to ensure GDC's BSA/AML/OFAC program is commensurate with a federally-regulated Bank Holding Company, to improve the BSA/AML/OFAC Controls at Green Dot, to help identify, assess, and defend against emerging and evolving financial threats to our card and accountholders, as well as from our products and services, and to enhance and improve overall process and team efficiency and consistency across all Green Dot payment platforms, products and services.
Analyze data and results of existing transaction monitoring reports and determine whether to apply enhanced due diligence and/or investigation is warranted. Take appropriate action with cardholders and account holders, as well as others using Green Dot's financial platforms, based on analysis of overall card/accountholder and SSN activity.
Employ candidate's subjective decisioning with respect to all aspects of implementing an effective BSA/AML/OFAC program.
Fulfill BSA/AML/OFAC regulatory requirements, including the filing of SARs, CTRs and other filings, as well as fulfilling appropriate logging and documentation standards.
Develop expertise on all BSA/AML/OFAC controls at Green Dot, including mastering all related front-end systems, applications, data sources, and back end controls.
Review existing reporting and make recommendation on enhancements to the process to capture unusual activity while limiting false positives.
Use your analytical skills to produce and follow leads, as well as link common or related activities, develop complete pictures of suspicious activity and uncover new trends in fraudulent behavior.
Perform ad hoc requests as needed.
Three to five years of BSA/AML/OFAC-related activities in financial services industry. Prepaid or money transfer experience a plus.
Experience conducting financial crime investigations, money laundering monitoring and/or investigations or other relevant BSA/AML experience.
Bachelor's degree/equivalent experience.
Creative thinker, with experience in fast-paced work environment.
Regulatory experience a plus.
SQL experience a significant plus
Must have excellent communication skills in all areas in person, in writing and on the telephone.
Experience with MS Office, particularly excellent Excel skills, and overall ability to learn and work with a variety of computer programs.
Familiarity with creation of management reports and presentations.
Must be organized, efficient, and professional.
Must be extremely detail oriented.
Must be able to work comfortably and effectively with a diverse group of staff members, regulatory officials and law enforcement.
Green Dot Corporation is committed to achieving a diverse workforce and is proud to be an equal opportunity employer without regard to race, color, religion, sex, national origin, disability , protected veteran status, or any category protected by law.