Bank is looking to hire a Consumer Compliance/BSA Officer
- 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
- 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
- Compliance/CRA
- 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