Department: BSA Department
Position Description: This position is responsible for maintaining and administering compliance with all aspects of the Bank Secrecy Act (BSA), Anit-Money Laundering and Countering the Terrorism Financing (AML/CFT), Office of Foreign Asset Control (OFAC) and the USA Patriot Act. This ensures all areas of the bank are kept informed of changing laws and procedures for appropriate implementation. This position reports and assists the BSA Officer to monitor day-to-day BSA/AML/CFT compliance, as well as related laws, regulations, policies, programs, initiations, rules and reporting requirements. Assists with maintaining an effective CDD/EDD risk rating and monitoring program. Act as a liaison for State and Federal examinations, as well as internal and external audits of the program in the absence of the BSA Officer.
Location: TBD
Direct Supervisor: BSA Officer
Hours required: 40+
Personality: Candidate must be willing to work well both within a group setting as well as on individual projects. Ability to keep an open mind to changes and innovations; willingness to take on new roles and ability to effectively time manage are key personality traits needed in this role. Candidate will be expected to keep up with a schedule of daily, monthly, quarterly and yearly tasks in order to complete projects in a timely manner. Some travel may be required within the role.
The main duties of the Assistant BSA Officer will be:
The Assistant BSA Officer should be competent, knowledgeable of the BSA and related regulations, implement the bank’s program, and understand the bank’s risk profile associated with its banking activities. This includes being fully knowledgeable of all bank related products and services, entities, and geographic locations. This position will assist the BSA Officer to perform various quality control reviews including BSA, USA Patriot Act, Anti-Money Laundering, OFAC, and Customer Identification Program. The Assistant BSA Officer will assist in identifying, investigating, and monitoring suspicious activity, including the potential for money laundering and terrorist financing risks associated with those activities or step in during the absence of the BSA Officer. The Assistant will ensure timely filings of CTR’s and SAR’s and maintain appropriate documentation. The Assistant BSA Officer will be required to analyze complex situations and provide guidance for the entire bank. Collaborate with team members on process improvement. Additional duties and projects upon request.
Qualifications & Education:
• Professional interpersonal and communication skills are required
• Thorough knowledge of the bank’s products and services, and knowledge of external BSA laws and regulations
• Proficiency in computer software programs such as Word, Excel and PowerPoint
• Ability to read and understand oral and written procedures. Ability to community with employees to solve day-to-day problems, including all levels of management
• Maintain a positive work environment that is respectful
• Handle confidential information appropriately
• Ability to work independently
• Attend regular training to learn the current laws and regulations
• Trustworthiness and the ability to act with integrity.
• Thorough understanding of customer service.
• Strong organizational skills, attention to detail and flexibility
• Ability to work effectively with cross-functional teams in a fast-paced environment
Education and Experience:
• Minimum of three (3) to five (5) years of experience in BSA compliance is required
• Bachelor’s Degree
Physical Requirements:
• Must be able to lift up to 15 pounds at times.
• May need to stand for long periods of time.
Qualified applicants should email Elizabeth.Slater@towercommunitybank.com for more information.
