BANK SECRECY ACT (BSA)/COMPLIANCE ASSOCIATE
Promote, market, and facilitate the overall sale of products of the bank. Contribute to the bank?s growth by the effective sale of bank services to new and existing customers with emphasis on courteous and professional service.
REPORTING RELATIONSHIP AND SCOPE
This position reports directly to the BSA Officer (BSAO) and Compliance Officer (CO).
This position reports indirectly to the Chief Operating Officer (COO).
FLSA STATUS
This position is classified as Non-Exempt under the FLSA.
OVERVIEW
The purpose of this position is to assist BSA and Compliance personnel in maintaining compliance with all applicable banking laws, regulations and requirements, as well as bank policies and procedures, as it relates to Regulatory Compliance and BSA/AML/OFAC.
ESSENTIAL JOB FUNCTIONS
Compliance
- Maintaining the Board Review, Approval, and Acknowledgment Schedule (to document ongoing Board approval of bank policies[1])
- Updating the Audit Master Tracking Log (for monthly Board reporting)
- Providing support with ongoing Risk Assessments revisions (for monthly Board reporting)
- Assisting with Vendor Due Diligence requests (for monthly Board reporting)
- Reviewing the Quarterly Fair Lending Report & Tracking Analysis (for quarterly Board reporting)
- Entering data into the Business Loan Activity Register (or ?B-LAR?) for compliance with Section 1071 of the Dodd-Frank Act (DFA) (for annual reporting)
- Performing administrative tasks (e.g., scanning, indexing, and archiving documents), as needed
- Conducting other duties and tasks as delegated by the CO or Assistant CO, also as needed
BSA
- Assisting with Currency Transaction Report (CTR) completion
- Providing ongoing support (?clearing?) Office of Foreign Assets Control (OFAC) potential matches (for new accounts, wires, etc.), as needed
- Reviewing daily reports [e.g., Automated Clearing House (ACH) and New Accounts] with a critical eye for suspicious and/or unusual activity
- Assessing BSA/Anti-Money Laundering (AML) Alerts to acknowledge and/or to create a Case for further investigation
- Monthly monitoring, tracking, and maintaining of the Teller Cash Shipment Log totals, including evaluating deviations from prior shipment values
- Conducting other duties and tasks as delegated by the BSAO or Assistant BSAO, also as needed
QUALIFICATIONS
A successful candidate must be able to perform each essential job function satisfactorily. The statements listed below represent the knowledge, skill, and/or ability required.
- Education and/or Experience ? Must have a minimum of one (1) year experience working for a financial institution. A quality candidate should have a general understanding of federal regulations [Home Mortgage Disclosure Act (HMDA), BSA/AML/Customer Information Program (CIP), etc.]. Subject-specific education and certification(s) from recognized sources (e.g., ABA, TBA, IBAT, BOL) are a plus. Degree preferred.
- Language Skills - Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, and governmental regulations. Ability to write reports, business correspondence, and procedural guidance. Ability to effectively present information and respond to questions from groups of co-workers, managers, and/or directors.
- Mathematic Skills - Ability to work with mathematic concepts, such as probability and statistical inference, and fundamentals of creating graphs from data sets and the basics of spreadsheet pivot tables. Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations.
- Reasoning Ability - Ability to define problems, collect data, establish facts, and draw valid conclusions. Ability to interpret an extensive variety of technical instructions in mathematic or diagram form and deal with several abstract and concrete variables.
- Computer Skills - To perform this job successfully, an individual should have knowledge of basic information systems; database software; Human Resource systems (e.g., Time Clock functions); internet software; spreadsheet software and report generating software.
EQUIPMENT USE, PHYSICAL & MENTAL DEMANDS, AND WORKING CONDITIONS
Frequency: (R) Rarely 0-15%; (O) Occasionally (16-45%); (F) Frequently (46-100%)
EQUIPMENT USE
Telephones-O
Copier/Fax Machine-O
Computer-F
PHYSICAL & MENTAL DEMANDS
Light to Medium work-Exerting up to 50 pounds of force occasionally, and/or up to 10 pounds of force frequently to lift, carry, push, pull or otherwise move objects, including the human body.
Stooping/Crouching-R
Standing/Walking-O
Sitting-F
Pushing/Pulling/Lifting-R
Repetitive Motions-F
Talking/Hearing-F
Reading/Writing-F
Close Visual Acuity-worker is required to perform such tasks as preparing and analyzing data and figures, transcribing, or viewing a computer terminal.
Interpreting Data-F
Problem Solving-F
Making Decisions-O
Organizing-F
WORKING CONDITIONS
Worker is subject to inside environmental conditions; protection from weather conditions, but not necessarily from temperature changes-F
Worker is subject to outside environmental conditions when traveling to branches/departments, bank events or required bank meetings and training sessions-R
Worker is subject to local travel when traveling to branches/departments, bank events, or required bank meetings and training sessions-R
The above statements describe the general nature and level of work being performed. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of the position. Employees holding this position will be required to perform any other job-related duties as requested by Management. All requirements are subject to possible modification to reasonably accommodate individuals with a disability.
