Financial Crimes Risk & Compliance Specialist

At Northrim Bank, our vision is to be Alaska’s premier bank and employer of choice! We are looking for professional and knowledgeable employees who take pride in their work. We believe in providing value for our customers and communities. 

Employee Benefits:

• Medical, Dental and Vision insurance, including FSA (Flex Spending Account)
• Paid Time Off to include select paid holidays
• Retirement Benefits with generous 401K match

Some Other Favorite Employee Benefits Include

Paid Parental Leave, Education Assistance, Employee Assistance Program, Employee Wellness Program and much more!

Pay is depending on experience. Minimum is $101,737.49 annually, $3,912.99 bi-weekly

Position Summary

The Financial Crimes Risk & Compliance Specialist is responsible for assisting with deposit compliance risk management and oversight of fraud and anti-money laundering risk management. Assists with oversight of the bank’s deposit compliance and fraud risk management programs, implements and maintains strategy, design, and procedures to ensure adherence to Deposit Compliance and Anti-Money Laundering Policies.  

The following duties are intended to provide a representative summary of the major duties and responsibilities and ARE NOT intended to serve as a comprehensive list of all duties performed by all employees in this classification.  Incumbent(s) may not be required to perform all duties listed and may be required to perform additional duties. 

Essential Duties and Responsibilities 

1. Oversee the bank’s compliance and fraud framework for all deposit regulations as well as the Bank Secrecy Act (BSA), OFAC, and Anti-Money Laundering (AML). 
2. Develop and execute compliance and fraud risk management strategies.  Oversee bank-wide fraud metrics and reporting.
3. Assess the effectiveness of systems, processes and tools used to monitor fraud risks and identify opportunities for improvement.
4. Enhance suspicious activity monitoring, including data collection, monitoring, research, analysis, and compilation of evidence to effectively support BSA / AML objectives.
5. Collaborate with other departments on new products and service development and existing product and service review.  Ensure that all products, media, and brochures are in compliance and have appropriate levels of fraud detection and mitigation. 
6. Maintain current knowledge of financial crimes compliance issues and changes, advise management, and make necessary changes to policies or procedures as appropriate.
7. Work with various departments to investigate and report on, as necessary, high-priority and complex fraud and AML/CFT cases.  Timely filing of suspicious activity reports as needed.  
8. Assist with BSA and Compliance Exams and audits to include preparation for, on-site interaction with examiners and auditors and response to findings.
9. Complete online, written and in-person compliance training within established timeframes.
10. Other duties as assigned.

Supervisory Responsibilities 

• Carry out supervisory responsibilities in accordance with the company policies and applicable laws.  Responsibilities include scheduling hours, interviewing and training employees; planning, assigning, and directing work; conduct performance evaluation; working with HR to address work related issues. 
• Ensure employees complete compliance training within established timeframes; understand and implement compliance requirements applicable to their positions.

Qualifications 

Education

• Bachelor’s degree in a related field.  Specialized training in a related field may be substituted.

Experience

• Ten years of banking experience to include:
  1. Eight years of compliance experience.
  2. Two years in researching or investigating fraud, security, banking/financial operations, or law enforcement.
• Supervisory experience preferred. 

• Equivalent combination of education and/or experience that fulfill the requirements of the position may be considered.

• Related military education/experience may be used as a substitute for education or work experience.

Licenses & Certifications 

• Certified Regulatory Compliance Manager (CRCM) or Certified Compliance Manager (CCM), or Certified Anti-Money Laundering S