SUMMARY:
Responsible for assisting the Chief Compliance Officer in developing, implementing and administering all aspects of the Bank’s Compliance Program. This position performs various quality control reviews and monitoring in the area of Bank Secrecy Act, USA Patriot Act, Anti-Money Laundering, OFAC and Customer Identification Program compliance using industry standard and regulatory guidance sampling methods to ensure the Bank’s compliance efforts are maintained on a daily basis. Advises the Bank’s Compliance Officer, Senior Management and Bank personnel of emerging compliance issues and consults and guides the Bank in the establishment of controls to mitigate risks. Assists the Compliance Officer in ensuring department activities run smoothly and efficiently within the department.
ESSENTIAL DUTIES & RESPONSIBILITIES
1. Provide support to the Chief Compliance Officer on all assigned compliance and/or vendor management related matters.
2. Develops, implements and administers all aspects of the Bank Secrecy Act Compliance Program including documentation, recommendations and report preparation.
3. Maintains proficient knowledge of the rules and regulations, including but not limited to, the Bank Secrecy Act, USA Patriot Act, and OFAC.
4. Ensures compliance with all applicable reporting and recordkeeping requirements and timely distribution of related materials and publications to designated personnel.
5. Conducts BSA, AML, OFAC and CIP training presentations and exercises with all Bank personnel, including material presented to employees during the new hire orientation process.
6. Provides significant support in ensuring the Bank maintains an effective Vendor Management Program in compliance with all applicable laws, rules and regulations, including preparing Senior Management and/or Board of Director reports.
7. Assists in evaluating and supporting business cases for new products or services or the renewal and/or improvement of existing products or services; assists in the search for appropriate and qualified vendors; prepares request for proposals (RFPs); leads efforts of rationalization and optimization; conducts supplier research and provides information to stakeholders; performs cost benefit and risk analysis recommendations.
8. Assists in ensuring Bank policies, procedures and processes are updated to reflect changes in law or regulations; recommends changes to policies, procedures and processes to minimize risk.
9. Assists in reviewing internal and/or external audits and certifications of Bank operations, documenting compliance with state and federal regulations and policies and procedures.
10. Responds to inquiries or refers inquiries to the appropriate department or person, and exhibits the necessary follow through with customers and/or staff involved.
11. Other as assigned.
OTHER DESIRED KNOWLEDGE, SKILLS & ABILITIES
Significant experience with BSA
Compliance lending experience
General knowledge of bank compliance
Vendor management experience
We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, pregnancy, genetic information, disability, status as a protected veteran, or any other protected category under applicable federal, state, and local laws.