Employment 9

BSA, Compliance & Security Officer

Summary:

Overall responsibility for risk management and compliance with federal and state banking laws and regulations related to Bank Secrecy Act, lending, deposits, and technology/security policy, procedure, and practice. The Compliance Officer is responsible for developing and maintaining systems and processes to ensure ongoing audit, review, and follow up on compliance practices through training and internal/external audits.

Essential Duties & Responsibilities:

To perform this job successfully, an individual must be able to perform each of the essential duties satisfactorily. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

  • Works closely with CEO & senior leadership team to create a culture of best practices in compliance that is clearly aligned with regulatory requirements, organizational values and operating principles to support bank operations.
  • Advises the Bank's Directors, CEO, and Senior Management of emerging compliance issues.
  • Leads the development, implementation, and administration of Bank programs to establish controls, necessary training, and organizational development to mitigate risk.
  • Develops excellence in deposit operations, lending, and technology compliance through the development, education, and training of the bank's associates.
  • Researches federal and state banking and lending laws and regulations, reviews the financial institution's policies and procedures, and ensures financial institution compliance with laws and regulations
  • Supervises financial institution's records retention and disposal program
  • Coordinates the financial institution's disaster recovery program.
  • Acts as a subject matter expert to management with information to accurately determine the institution's extent of compliance and minimize risk to the association
  • Conducts internal audits and supplying information to the Board of Directors
  • Write reports, business correspondence, and procedure manuals and effectively present information and respond to questions from groups of managers, Board of Directors, members and the general public
  • Participate in industry events, community activities, and bank appointed committees as assigned.
  • Develop annual compliance plan, departmental budget, and controls to meet or exceed budget and expenses.
  • Carries out responsibilities with professionalism, respect for others, in accordance with the organization's policies and applicable laws
  • Any other duties as assigned.

Key Deliverables:

  • 100% Compliance
  • Lead the development and implementation of policies and procedures
  • Consistently improve internal and external compliance audit findings
  • Process effectiveness, efficiency, and control

Organizational Structure:

Reports to: Board of Directors, CEO (in-direct)

Supervises: None

Qualifications:

  • Required Knowledge/Skills:
  • Bachelor's Degree in Business or Related Field
  • 3 years management experience
  • 5+ experience as a compliance officer or similar position in banking and commercial lending
  • Strong knowledge of BSA and AML regulations
  • Extensive knowledge of all financial institution policies and procedures
  • Extensive ability to read, analyze and interpret government regulations, trade journals and legal documents
  • Must be able to respond to common inquiries from regulatory agencies, courts and outside consultants
  • Travel to other branch locations when needed

Desired Knowledge/Skills:

  • MBA
  • 7+ years in banking operations.

Talents:

  • Strong Business & People Acumen: The position requires a strong ability to establish positive working relationships with internal peers and team members to get cooperation necessary to achieve goals
  • Strong analytical and problem solving skills
  • Growth-oriented leadership
  • Self-directed and highly competitive
  • Impeccable ethics
  • Mentoring and development
  • Project management

Other:

Corrected vision.

Ability to interpret a variety of instructions furnished in written, oral, diagram or schedule form.

Must be able to lift up to 20 pounds.