Compliance Specialist/Manager

  • Job Tracking ID: 512340-734388
  • Job Location: Springfield, IL
  • Job Level: Any
  • Level of Education: Any
  • Job Type: Full-Time/Regular
  • Date Updated: June 15, 2020
  • Years of Experience: Any
  • Starting Date: ASAP
  • FLSA Status: Exempt

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Job Description:



Summary: Compliance specialist to assist our BSA Officer with suspicious activity monitoring, implementation of new monitoring software, develop and maintain policies and procedures for suspicious activity related monitoring, manage special projects as assigned by the Bank’s General Counsel. 




Essential Duties and Responsibilities include the following:




BSA Compliance 


Review suspicious activity alerts generated by the Bank’s suspicious activity monitoring system; research identified transactions and accounts for potential suspicious activity; attend meetings of Suspicious Activity Reporting Committee; prepare suspicious activity reports; and assist BSA Officer with assigned tasks.




Deposit Compliance


Review new account documentation, CIP and Beneficial Ownership information; review account maintenance requests/actions; and perform enhanced due diligence for selected accounts.




Special Projects


Develop, manage and maintain policies, procedures and program guidelines for special compliance projects in development or under consideration by Bank’s Senior Management Team and its General Counsel.




Supervisory Responsibilities include the following:


Manage and supervise assigned staff in accordance with the organization’s policies and applicable laws and regulations; training employees; planning, assigning and directing projects; appraising performance; rewarding or disciplining employees; and addressing complaints and solving problems.


Experience and Skills:




To perform this job successfully, the individual must be able to perform each essential duty satisfactorily.  The requirements listed below are representative of the knowledge, skill and/or ability required.  Reasonable accommodations may be made to individuals with disabilities to perform the essential functions.




Education and Experience:


Bachelor’s Degree in accounting, business administration, economic, or similar discipline from a four-year college or university, or three to five years related banking experience and/or training, or equivalent combination of education and banking experience required. 




Bank Secrecy Act knowledge and experience highly preferred; Experience tracking, reviewing and reporting suspicious activity using intelligent monitoring platforms, specifically Verafin, also highly preferred; Certifications as a Certified Bank Compliance Officer (CBCO), Certified Regulatory Compliance Manager (CRCM), or Certified Anti-Money Laundering Specialist (CAMS) preferred, but candidates without preferred certifications must be willing to pursue such certifications.




Knowledge, Skills, and Abilities:


Ideal candidate possesses a high-level attention to detail with an understanding of business accounts and the ability to analyze and categorize transactions types, sources and volumes; ability to understand federal and state laws and regulations, and prepare policies, procedures and programs based upon the candidate’s interpretation of those laws and regulations; ability to write and communicate effectively and professional with staff, management, auditors and examiners; ability to effectively navigate various types of software solutions, including particularly Microsoft Office, Windows and the Bank’s core software and suspicious activity monitoring platforms; and ability to work independently and prioritize tasks to meet deadlines.




Physical Demands:


The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.




The employee must occasionally lift and/or move up to 25 pounds.  While performing duties of this job, the employee is required to sit and talk or hear.  The employee is occasionally required to walk; use hands to handle or feel and reach with hands and arms. 




The above statements are intended to describe the general nature and level of work being performed by people assigned to this job.  They are not intended to be an exhaustive list of all responsibilities, duties, skills or working conditions.


ADA Disclaimer: In developing this job description care was taken to include all competencies needed to successfully perform in this position. However, for American with Disabilities Act (ADA) purposes, the essential functions of the job may or may not have been described for purposes of ADA reasonable accommodation. All reasonable accommodation requests will be reviewed and evaluated on a case-by-case basis.


Illinois National Bank is committed to Equal Employment Opportunity with respect to recruitment, hiring, training, promotion, and other terms and conditions of employment. It is INB's policy to afford equal opportunity to all employees and applicants for employment without regard to race, creed, color, sex, sexual orientation, age, marital status, national origin, disability, religion, veteran status, or any other basis prohibited by law. The EEO Law poster is available here: