This position is responsible for assisting the Deputy Compliance/BSA Officer in the daily and monthly workflow in the Compliance Department. Responsibilities:
" Follow procedures as documented in the BSA Program
" Review and File Currency Transaction Reports as required by FinCen
" Review and clear OFAC alerts generated by the Bank's systems
" Access, review, and complete 314 (A) screening requests
" Review wire transaction report on a quarterly basis for unusual or suspicious activity
" Review monetary instrument log on a monthly basis for unusual or suspicious activity
" Review weekly new account reports for CIP and proper risk ratings
" Prepare and complete daily, weekly, monthly, and quarterly BSA monitoring reports
" Complete and document daily due diligence research on existing and prospective Bank clients
" Prepare trend analysis reports to monitor BSA risk metrics
" Assist with and/or perform other duties as assigned
EDUCATION AND TRAININGBA Degree in Business, Accounting, related field OR any combination of education, training, and experience that will provide the required knowledge, skills, and abilities.REQUIRED COMPLIANCE TRAINING
Bank Secrecy Act
" OFAC Regulations
" USA PATRIOT Act
" Customer Identification Program
" Know Your Customer
" FinCen 314 (A) requirements
" FinCen 314 (B) requirements
" Suspicious Activity Monitoring
" FFIEC BSA requirementsEMPLOYMENT STANDARDS:
Maintain an effective team-oriented working relationship with all department and bank personnel.
Must possess the ability to take initiative and demonstrate dedication and conscientiousness toward responsibilities
Maintains a positive attitude and flexibility toward new assignments
Must be able to respond well and work under pressureREQUISITE EXPERIENCE, COMPETENCIES AND SKILLS:
Knowledge of Bank Secrecy Act and Anti Money Laundering regulations including OFAC regulations and USA PATRIOT Act.
Ability to follow procedures and recognize unusual transactions.
Strong attention to detail and strong organizational/time-management skills.
Ability to effectively complete multiple projects simultaneously, managing time and resources to ensure work is completed efficiently and within established timeframes.
Ability to work independently and/or in teams under limited supervision.
Ability to establish and maintain effective work relationships both internally and externally.
Strong interpersonal skills evidenced in both verbal and written communications as well as excellent listening skills.
Business writing skills and experience.
Fundamental knowledge of general banking principles, philosophies, and operations.
Ability to provide leadership, motivating and persuading others to address compliance risks without having actual authority over them.
Experienced PC user with skill in the use of Windows, Word, Excel, Power Point, and/or other computerized tools that may be utilized on a regular basis.