CTR Specialist Lead

How would you like to join one of the most highly regarded financial institutions in New Jersey with deep roots in the community?  Provident is a successful and highly regarded multi-billion-dollar bank that continues to grow with branches in New Jersey, Eastern Pennsylvania and New York.  Our longevity is a testament to our commitment to placing our employees, customers, and the communities we serve at the center of all we do.  At Provident Bank, we are committed to enhancing our customer and employees’ experience. 

POSITION OVERVIEW:

The Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) CTR Specialist Lead position serves as an expert research specialist performing a wide range of functions with a high level of difficulty and complexity. This role will be mainly responsible for monitoring and reviewing day to day BSA/AML cash transactions that generate via the Bank’s electronic CTR system, identify reportable transactions and accurately and timely file all requires CTR reports. This individual will also be responsible for ensuring CTR Exempt customers remain eligible within this status; including but not limited to DOEP filings and annual reviews.

KEY RESPONSIBILITIES:

• Monitor and review CTR alerts generated in the Verafin CTR system and verify that the pertinent information is entered for each CTR, and make any necessary adjustments prior to electronically filing to FinCEN.

   

• Contact branch staff, when and if necessary, to validate transactions involved in completing a CTR. Monitor banking branch staff for proper CTR compliance and send non-compliance notices when necessary. Answer day-to-day BSA/AML related questions, provide guidance and direction to branch staff. Determine when activity warrants escalation for Suspicious Activity Report (SAR) consideration and elevate to BSA Investigations for further review.

   

• Perform periodic review and monitoring of CTR Exempt customers, including filing of DOEP Exemption forms, DOEP revocation forms, and reviewing frequent CTR filers if eligible for an exempt status.
  Analyze and interpret monthly key risk indicators and statistics to identify operational issues requiring further attention. Also, assess the effectiveness of systems, processes and tools used to monitor CTR risks and identify opportunities for improvement.

   

• Assist management with ad-hoc projects as well as clearing sanction alerts generated from a variety of sources and maintain thorough documentation of analysis performed, when needed. 

MINIMUM QUALIFICATIONS:

• High School diploma or equivalent
• 24 to 48 months of CTR reconciliation experience
• Must be able document calls while talking to branch associates through a headset and use a computer to read and enter information.
• Strong verbal and written communication skills are critical
• Maintained knowledge of the banks Policies and Procedures
• Strong situation assessment skills – able to escalate as needed
• Intermediate Microsoft Office skillsThree to five years of banking and/or BSA/AML related experience and/or training.

WORKING CONDITIONS

Work is mainly performed in a normal office environment.  Noise levels usually are moderate.

• Prolonged sitting
• Lifting from 5 to 10 lbs. (printer paper, storage boxes)
• Occasional bending or overhead lifting (storing files or boxes)
• The hazards are mainly those present in a normal office setting.

This job description may not be all-inclusive.  Employees are expected to perform other duties as assigned and directed by management.  Job descriptions and duties may be modified when deemed appropriate by management.

Provident Bank recognizes and supports the importance of creating a socially and culturally diverse employee base. We understand, value, and appreciate the unique perspectives that a diverse workforce can contribute to our organization. We put the employee and the customer at the center of strategy because culture is a critical differentiator for why people choose to work here. 

We are an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to age 40 and over, color, disability, gender identity, genetic information, military or veteran status, national origin, race, religion, sex, sexual orientation or any other applicable status protected by state or local law.

Pay Details:

$29.59 - $36.97 

Please note, the base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, education, geographic location, internal equity, and other applicable business and organizational needs. This role is incentive eligible based upon company, business, and/or individual goal achievement and performance.

This role is incentive eligible based upon company, business, and/or individual goal achievement and performance.

Team members accrue paid time-off (PTO), receive Holiday (PTO) and are eligible to participate in the bank’s Health and Wellness benefits including Medical, Dental and Vision Plans, Flexible and Health Savings Accounts, and a 401(k) Retirement Plan. In addition, the company provides Disability Insurance, an Employee Assistance Program, and Basic Life Insurance. Company sponsored Tuition Disbursement and Loan Repayment programs are also available. Voluntary benefits include Supplemental Life Insurance, Accident, Critical Illness, Hospital Indemnity and Legal plans.