2111-1 Compliance/BSA Director

First Community Bank of Tennessee
Compliance/BSA Director

 

About us
Serving our community for over 30 years!

Since opening our doors on Elm Street in Shelbyville, Tennessee in 1988, we have built our reputation on quality customer service and being an employer of choice in Bedford County! Our main focus is on the community we serve and developing our talented workforce.

From that time, we have grown from 10 to over 80 employees and opened three additional branches. In 2002, we purchased a mortgage business, which is now known as First Community Mortgage.

We have weathered challenging economic times to become even stronger and are well positioned for future growth in Middle Tennessee.

 

Our Mission:

  • To maximize shareholder value as an independent community bank.
  • To serve the financial needs of our communities, citizens, and businesses with the highest degree of integrity, professionalism, and confidentially.
  • To provide superior customer products and services to the communities we serve.
  • To create a rewarding environment that offers equal opportunity to all employees, while maintaining integrity and professionalism.
  • To provide leadership which will help to improve the quality of life for the employees

 

Working at First Community Bank is more than just a job, it’s being a part of something bigger! FCB is a family oriented employer that strives to build a rewarding environment that offers equal opportunity to all employees while maintaining integrity and professionalism. We pride ourselves on promoting from within and developing our work force!

At FCB, employees are our greatest asset. We are proud to offer a competitive benefit package that includes:

  • Competitive salary
  • Affordable insurance package that includes Blue Cross Blue Shield Medical coverage
  • Health Savings Account with employer contributions
  • Paid Vacation and Sick Time
  • Paid Holidays
  • 401K with company match
  • Annual bonus
  • Tuition Assistance Program

 

Summary
The Compliance/BSA Director role ensures the bank is compliant with state and federal BSA, US Patriot Act, OFAC, and fraud requirements. The position will ensure that the structure of compliance, operations, and fraud controls meets applicable requirements to manage, monitor, and mitigate Financial Crime risk.

 

Essential Duties and Responsibilities

  • Maintaining a current knowledge of BSA, AML and OFAC regulations and all bank related compliance regulations. This person will also use monitoring application systems, maintain investigation files, and conduct periodic assessments of the departments for compliance. Prepare BSA/AML Risk Assessment by identifying the risk profile of the Bank and analyzing the information to better assess the risks identified and mitigate any gaps in control.
  • Oversee the preparation, research and filing of SARs and CTRs.
  • This position will serve on the Compliance committee
  • Assign and monitor annual BSA training and all other Compliance training to Board and Employees.
  • Meet and discuss with Examiners and Auditors regarding BSA program and compliance.
  • Review all projects for BSA and compliance related issues.
  • Responsible for monitoring effectiveness of Identity Theft Program
  • This position is responsible for monitoring all bank regulations and create/change policies and/or procedures for new or updated regulations.
  • Will be responsible for monitoring/changes of all disclosures for compliance with Federal and State regulations. Reviews product and service disclosures and advertising materials for compliance with applicable rule.
  • Develop and present new compliance training sessions on current and new regulations.
  • Conduct due diligence on new MSB applications, establish and direct ongoing monitoring activities for those MSBs based upon risk.
  • Coordinate responses to consumer complaints and oversee that program
  • Monthly Compliance Reporting to the Board of Directors
  • Review and monitoring of deposit compliance with Regulation CC case-by-case and exception holds on funds and Regulation E disputes on errors or unauthorized transactions
  • Review of Regulation DD Truth in Savings Disclosures and calculations for product offerings
  • Oversight and review of internal fair lending monitoring and testing and potential UDAAP risks
  • Collection and Documentation of Community Reinvestment Act loans, investments, and services
  • Oversee administration of EOscar and timely responses to Fair Credit Reporting Act credit disputes
  • Monitoring of the HMDA program to determine submission requirements, including LAR submission if required
  • Oversight and quarterly monitoring of Regulation O Loans to Insiders

 

BSA

  • Coordinate the development, implementation, and proper administration of all aspects of the Bank Secrecy Act Program
  • Ensure that the bank has a solid BSA/AML/CIP/OFAC program (policies, procedures, risk assessment, etc.)
  • Document, file and retain SAR/No SAR cases for retention
  • Coordinate the planning, preparation and completion of all internal and external audits and regulatory examinations related to bank’s BSA/AML/CIP/OFAC Program
  • Prepare the response to and then monitor the proper and timely resolution of any audit or examination findings
  • Review Currency Transaction Reports and Monetary Instrument Logs prior to filing/retention
  • Report BSA activity to the bank’s Risk Committee of the Board of Directors at least annually
  • Prepare and submit a BSA/AML/CIP/OFAC report to the Board of Directors at least annually
  • Ensure that employees and Board members are receiving BSA training and performing in-person frontline training annually.
  • Perform reviews of the bank’s CTR exemption list and add/delete businesses if needed
  • Perform customer due diligence and enhances customer due diligence as determined by customer risk profiles
  • General oversight of the bank’s automated BSA/AML software, FIS Prime
  • Create and retain case management records for all investigations
  • Perform reviews for all Privately Owned ATM accounts
  • Conduct reviews of the Non-Bank Financial Institutions, Non-Government Organizations, and Nonresident Alien and Foreign Individuals

 

Job Qualifications and Requirements

  • High School diploma or equivalent is required
  • A Bachelors degree in related field
  • Minimum of 8-10 years related experience

 

Knowledge, Skills, and Abilities

  • An exceptional leader and communicator, leading with integrity to build long-standing relationships both internally and externally
  • Expert in drafting robust legal and regulatory policies and procedures
  • Able to support the development of new financial product and services
  • Demonstrated work experience with confidential and sensitive information
  • Effective oral and written communication skills
  • Proficient skills in MS Word, Excel and PowerPoint skills are required
  • Ability to learn new software and processes quickly and efficiently
  • Strong organizational skills with the ability to multi-task
  • Must be able to identify and resolve problems in a timely manner
  • Must be able to gather and analyze information skillfully

 

Physical Requirements:
Prolonged sitting and standing may be required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

 

First Community Bank of Tennessee is an an Equal Opportunity Employer. First Community Bank of Tennessee does not discriminate on the basis of race, religion, color, sex, gender identity, sexual orientation, age, non-disqualifying physical or mental disability, national origin, veteran status or any other basis covered by appropriate law. All employment is decided on the basis of qualifications, merit, and business need.

 

Job Type: Full-time
COVID-19 considerations:
All customer facing employees have glass partitions between the employee and customer. Employees are not required to wear a mask at this time.

 

Please email your resume to kcole@first-community.net

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