The Compliance Specialist is responsible for ensuring the organization’s operations adhere to regulatory requirements and internal policies. This role oversees new account openings, annual due diligence, and BSA calculations, while monitoring transactional activity for compliance risks. The Compliance Specialist manages wire processing and reviews, maintains behavior settings and alerts, and ensures timely submission of annual documents. This position requires meticulous attention to detail, strong knowledge of regulatory standards, and the ability to follow established procedures and checklists to support accurate, compliant operations.

Position Duties

BSA Calculations – New Accounts

Conduct Bank Secrecy Act (BSA) calculations for newly opened accounts to support regulatory compliance and risk assessment requirements.

Ensure all calculation records are accurate, well-documented, and readily available for regulatory audits, examinations, and internal compliance reviews.

CTRs, Monitoring, and Behavioral Settings

Prepare and file Currency Transaction Reports (CTRs) and review system alerts to identify potential suspicious activity, ensuring all alerts are thoroughly investigated, properly documented, and completed within required timeframes.

Configure, maintain, and update behavioral monitoring settings within compliance systems to align with current risk profiles, regulatory requirements, and internal compliance standards.

Wire Processing and Reviews

Conduct detailed pre-processing reviews of wire forms and verify transaction details collected by Relationship Managers, ensuring accuracy, completeness, and full compliance with internal controls, regulatory standards, and required documentation prior to execution.

Identify discrepancies, unusual activity, or potential risk indicators and escalate appropriately in accordance with established procedures.

Process wire transfers accurately within designated systems in accordance with operational procedures and regulatory requirements.

New Account Management (Checklists and Procedures)

Process new account openings using established procedures and control checklists, ensuring full compliance with documentation requirements and regulatory standards, including credit review, OFAC screening, ChexSystems review, and Know Your Customer (KYC) verification.

Coordinate with cross-functional teams to investigate and resolve account-related matters in a timely and efficient manner.

Annual Document Requests (CMS)

Respond to annual document requests within CMS, ensuring timely and accurate submission.

Maintain organized records of document requests and completions for audit purposes.

Requirements

Qualifications

Strong understanding of business accounts and financial operations.

Current or attainable BSA Certification with demonstrated regulatory knowledge.

Bachelor’s degree in business or related field preferred.

Ability to proactively self-train and apply new industry knowledge to protect Safe Harbor and ensure compliance.

Proven ability to adhere to regulatory guidelines strictly and institutional protocols governing service to this industry.

Benefits

Benefits & Perks

At Safe Harbor Financial, we invest in our team's health, financial security, and work-life balance. We offer:

Comprehensive Health Coverage – Medical, dental, and vision plans with multiple tiers to fit your needs, including HSA-eligible options
401(k) Retirement Plan – Company-supported retirement savings plan to help you build long-term financial security
PTO – Flexible time off so you can recharge and show up as your best self
Growth-Oriented Culture – A collaborative environment where your contributions are recognized and career development is supported

Learn more about this Employer on their Career Site