Exemption And EFTR Processor
US Bank
Cincinnati, Ohio
ctr
currency
compliance
financial
fincen
bank secrecy act
transfer
canadian
analytical
analytical skills
regulatory
communication
management
November 27, 2022
US Bank
Cincinnati, Ohio
- At U.S. Bank, we're passionate about helping customers and the communities where we live and work.
- The fifth-largest bank in the United States, we're one of the country's most respected, innovative and successful financial institutions.
- U.S. Bank is an equal opportunity employer committed to creating a diverse workforce.
- We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors.
- The CTR Reporting Department is responsible for filing Currency Transaction Reports (CTR) with FinCEN and maintains the Monetary Instrument Log in accordance with the Bank Secrecy Act. A CTR is required to be filed with each deposit, withdrawal, exchange of currency, or other payment/transfer which involves one or more transactions of currency in excess of $10,000.
- Complete, accurate, and timely reporting are the critical elements to maintain compliance.
- The department is additionally responsible for fulfilling the Anti-Money Laundering/Bank Secrecy Act requirements through identification and reporting of potentially suspicious activity on behalf of U.S. Bank.
- The CTR Exemptions team is responsible for conducting reviews of U.S. Bank business customers who are eligible to be exempt from CTR Reporting requirements, in accordance with FinCEN regulation.
- Tasks include the collection of required KYC documentation, the performance of due diligence reviews, and the completion and monitoring of daily reports.
- A strong partnership with the Business Lines(s) is necessary to ensure the timely completion of annual CTR Exemption reviews.
- Additionally, the position is responsible for assisting in the daily production of Canadian Electronic Funds Transfer Reports for submission to the Canadian regulator, FINTRAC.
- The candidate should be detail-oriented with strong analytical skills.
- The position requires the ability to balance multiple tasks and meet deadlines in accordance with regulatory requirements.
- Effective communication with the business lines and management is necessary.
- Assists in the implementation of an effective risk management framework.
- Monitors systems, databases, information, processes or procedures.
- Identifies and escalates matters requiring attention to the appropriate area.
- Performs work on projects and initiatives, and assists in the assessment and implementation of internal policies and procedures to ensure compliance with laws and regulations.
- Coordinates the collection and/or compilation of data, and compiles and provides reports.
- May assist in report development and analyzing data.
- Provides guidance, support and recommendations to Lines of Business and assists in the implementation of Risk/Audit/Compliance initiatives.
- High school diploma or equivalent
- Typically more than one year of applicable experience
- Intermediate understanding of the business line's operations, products/services, systems and associated risks/controls
- Intermediate understanding of applicable laws, regulations, financial services, and regulatory trends
- Well-developed analytical skills
- Ability to research and manage multiple projects and deadlines simultaneously
- Effective presentation and relationship building skills
- Strong PC skills, particularly word processing, spreadsheet, databases, and presentations
- Effective verbal and written communication skills
- If there's anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.
- Take care of yourself and your family with U.S. Bank employee benefits.
- We know that healthy employees are happy employees, and we believe that work/life balance should be easy to achieve.
- That's why we share the cost of benefits and offer a variety of programs, resources and support you need to bring your full self to work and stay present and committed to the people who matter most - your family.
- Learn all about U.S. Bank employee benefits, including tuition reimbursement, retirement plans and more, by visiting careers.
- Applicants can learn more about the company's status as an equal opportunity employer by viewing the federal EEO is the Law poster.
- U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories.
- The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services.
- Learn more about the E-Verify program.
- For these positions, as part of the conditional offer of employment, the successful candidate will be asked to provide proof of vaccination or approval for an accommodation or exemption upon hire.
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