BSA and Compliance/CRA Officer
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Job Description
Title: BSA and Compliance/CRA Officer
Department: Risk Management
Reports To: Executive Vice President/Chief Risk Officer
FLSA Status: Non-Exempt
Type of Position: Full-time, Hybrid Optional
Job Summary
As BSA Officer, this person will be responsible for oversight, authority, monitoring, and governmental and regulatory reporting related to the policies and program of the Bank Secrecy Act (BSA) / Anti-money Laundering (AML) / Customer Identification Program (CIP) / Office of Foreign Asset Control (OFAC) / and Suspicious Activity Reporting (SAR). The BSA Officer is responsible for program training and implementation throughout the organization. Finally, the BSA Officer will provide annual reporting and training, as well as necessary updates to the Board of Directors.
As Compliance/Community Reinvestment Act (CRA) Officer, this individual will be responsible for ensuring the bank complies with all banking laws and regulations, with specific emphasis on the consumer protection regulations. As the Compliance Officer, this person will oversee the compliance program, including training and implementation throughout the organization. As CRA Officer, this person will be responsible for the bank’s CRA performance, including the quarterly monitoring and reporting to the Board of Directors. The CRA Officer will maintain the bank’s CRA public file and will be responsible for the implementation of new CRA regulations.
Bsa/Aml/Cip/Ofac/Sar
DUTIES AND RESPONSIBILITIES (Other duties may be assigned.)
The role is a full-time position, working a minimum of 40 hours per week, Monday-Friday, 8 AM to 5 PM. Office may be located at any of the bank's facilities, and a hybrid working arrangement may be considered. Noise levels may vary. The duties of the job may require the employee to stand, walk, use hands, and feel objects, tools, or controls, reach with hands, arms and talk or hear. Ability to lift up to 25-pounds. Vision abilities include close vision, distance vision, peripheral vision, depth perception and the ability to focus. Some travel is necessary.
Company Benefits
TrustBank recognizes that people are our bank’s strength, and we place a high value on diversity and inclusion. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs. The best talent will acquire the position. This job description may be subject to change and is not intended to be all-inclusive. The employee may perform other related duties to meet the ongoing needs of the organization. Equal Opportunity Employer/Disability/Veterans
Updated September 3, 2024
Requirements
EDUCATION, EXPERIENCE, and QUALIFICATIONS
Ability to utilize Microsoft 365 applications and collaboration tools. Specifically, must have a strong knowledge of Excel, Word, and Outlook. Knowledge of and ability to learn the bank’s data processing system.
Job Description
Title: BSA and Compliance/CRA Officer
Department: Risk Management
Reports To: Executive Vice President/Chief Risk Officer
FLSA Status: Non-Exempt
Type of Position: Full-time, Hybrid Optional
Job Summary
As BSA Officer, this person will be responsible for oversight, authority, monitoring, and governmental and regulatory reporting related to the policies and program of the Bank Secrecy Act (BSA) / Anti-money Laundering (AML) / Customer Identification Program (CIP) / Office of Foreign Asset Control (OFAC) / and Suspicious Activity Reporting (SAR). The BSA Officer is responsible for program training and implementation throughout the organization. Finally, the BSA Officer will provide annual reporting and training, as well as necessary updates to the Board of Directors.
As Compliance/Community Reinvestment Act (CRA) Officer, this individual will be responsible for ensuring the bank complies with all banking laws and regulations, with specific emphasis on the consumer protection regulations. As the Compliance Officer, this person will oversee the compliance program, including training and implementation throughout the organization. As CRA Officer, this person will be responsible for the bank’s CRA performance, including the quarterly monitoring and reporting to the Board of Directors. The CRA Officer will maintain the bank’s CRA public file and will be responsible for the implementation of new CRA regulations.
Bsa/Aml/Cip/Ofac/Sar
DUTIES AND RESPONSIBILITIES (Other duties may be assigned.)
- Review and recommend updates for BSA/AML/CIP/OFAC/SAR policies.
- Responsible for the BSA/AML/CIP/OFAC/SAR program throughout the organization and for adherence with bank policy and government regulations.
- Initiate and recommend continuing education opportunities for independent study related to the BSA/AML/CIP/OFAC/SAR regulations.
- Initiate ongoing program training for all employees as well as new process implementation throughout the organization.
- Research issues and questions to provide supported responses regarding the BSA/AML/CIP/OFAC/SAR, especially related to new product and service implementation.
- Verify core data (RIM) information and monitor account activity as described in the BSA/AML/CIP/OFAC/SAR policies and regulations.
- Maintain the BSA exemption list and review CTRs.
- Complete and file SARs when determined necessary.
- Verify customer database against the 314a list.
- Assemble BSA-related information for audits and examinations.
- Review and recommend updates for the bank’s compliance policies.
- Responsible for the bank’s compliance and CRA programs throughout the organization and for adherence with bank policy and government regulations, with specific emphasis on the consumer protection laws, including, but not limited to, TRID, RESPA, Flood, Regulation CC, Truth in Savings, Fair Lending-Fair Housing and ECOA.
- Initiate and recommend continuing education opportunities for independent study related to consumer compliance regulations and the CRA.
- Initiate ongoing program training for all employees as well as new process implementation throughout the organization.
- Research issues and questions to provide supported responses regarding compliance matters, especially related to new product and service implementation.
- Review marketing material, website data, notices, and other consumer contact information for regulatory compliance.
- Review loan, deposit, and other consumer disclosures for regulatory compliance.
- Review the content of all consumer notices for completeness, regulatory compliance, and appropriate support.
- Assemble compliance-related information for audits and examinations.
- Serve as Chairperson of the Compliance Committee.
The role is a full-time position, working a minimum of 40 hours per week, Monday-Friday, 8 AM to 5 PM. Office may be located at any of the bank's facilities, and a hybrid working arrangement may be considered. Noise levels may vary. The duties of the job may require the employee to stand, walk, use hands, and feel objects, tools, or controls, reach with hands, arms and talk or hear. Ability to lift up to 25-pounds. Vision abilities include close vision, distance vision, peripheral vision, depth perception and the ability to focus. Some travel is necessary.
Company Benefits
- Competitive compensation with discretionary year-end bonus
- Comprehensive employee benefits, including medical, dental, vision, disability, life insurance, and Section 125
- Paid vacation, sick, and personal time, plus federal holidays
- 401k with ESOP and a discretionary employer match in bank stock
TrustBank recognizes that people are our bank’s strength, and we place a high value on diversity and inclusion. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs. The best talent will acquire the position. This job description may be subject to change and is not intended to be all-inclusive. The employee may perform other related duties to meet the ongoing needs of the organization. Equal Opportunity Employer/Disability/Veterans
Updated September 3, 2024
Requirements
EDUCATION, EXPERIENCE, and QUALIFICATIONS
- Minimum of Associate Degree, prefer Bachelor’s Degree in business-related study.
- Minimum five years prior experience in bank operations, deposit account opening, mortgage lending, or loan operations.
- Formal bank-related training or certifications are helpful.
- Continuing education for career development is necessary to meet position expectations.
- Excellent ability to read, interpret, and apply government laws and regulations.
- Strong ability to write reports and clearly communicate with the Board of Directors, regulators, coworkers, and clients, both in verbal and written formats.
- Strong ability to analyze and interpret data and form conclusions.
- Ability to work productively, efficiently, and independently with minimal supervisory overview.
- Multi-tasking ability with strong attention to detail and time management.
- Ability to recognize issues of significance, prioritize accordingly, and appropriately clarify.
- Must work well in a team environment executing with cooperation, professionalism, dependability, and mindfulness.
- Friendly, accommodating, and helpful interpersonal skills and demeanor.
Ability to utilize Microsoft 365 applications and collaboration tools. Specifically, must have a strong knowledge of Excel, Word, and Outlook. Knowledge of and ability to learn the bank’s data processing system.
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