Bank Secrecy Act Officer
4.
3 Oak Ridge, TN Oak Ridge, TN Full-time Full-time From $57,945 a year From $57,945 a year 5 days ago 5 days ago 5 days ago TNBANK is seeking individuals looking for a fantastic work schedule (we offer Banker's hours), a family atmosphere, an opportunity to become part owner through an employee stock ownership plan.
We are looking for people that want to be a part of a Community Bank whose passion is to give back to our community and help it flourish.
PRIMARY DUTIES &
Responsibilities:
Coordinate and oversee an effective Bank Secrecy Act/Anti-Money Laundering/OFAC Compliance Program that is compliant current industry best practices, regulatory guidance, and requirements.
Maintain in-depth knowledge of all BSA/AML related regulations.
Monitor and analyze developing industry and compliance trends and changes to laws and regulations pertaining to BSA/AML/KYC/CIP/RegGG/MRB/MSB/OFAC/USA Patriot Act.
Advise senior management of emerging risks, new or amended laws, regulations, or agency guidance and recommend and implement changes and controls to mitigate those risks.
Develop, implement, administer, and enhance the BSA/AML/OFAC/USA Patriot Act monitoring and reporting systems to ensure that appropriate parameters are in place to identify suspicious and/or fraudulent activity.
Ensure all required BSA regulatory monitoring and reporting is conducted in a timely, accurate, and compliant manner.
Establish and maintain an effective COD/EDD risk rating and monitoring program to include initial and ongoing assessments in addition to reviewing and analyzing unusual account activity.
Risk rate new accounts daily and perform quarterly reviews on all high-risk account statements.
Perform annual due diligence on Money Services Businesses.
Daily review and tracking of all CIP and Beneficial Ownership documentation.
Establish and maintain appropriate SAR investigations, review and reporting processes which result in consistent decisions; conduct appropriate investigation and research along with compiling detailed documentation.
Conduct BSA/AML/OFAC risk assessments at least annually with consideration to products, services, and customers that may present BSA/AML/OFAC related risks.
Act as a liaison/contact for examinations, internal audits, and external audits of the BSA/AML compliance programs.
Respond to exams and audit concerns and oversee corrective action of all related compliance deficiencies.
Perform annual BSA/AML related policy reviews for Board approval.
Administer BSA/AML/OFAC related training programs for directors, management, and employees.
Ensure staff completes required CTRs by comparing system-generated reports to CTRs submitted.
Coordinate completion of missing reports with staff and management.
Perform annual review of CTR exempt customers.
Conduct daily review of BSA reports and large cash transaction reports, kiting suspects, etc.
, for the purpose of detecting suspicious activity.
Review watch lists and watch lists alerts.
Analyze possible matches and take appropriate follow up actions.
Review anti-money laundering alerts for suspicious activity.
Perform additional research to determine if the activity is suspicious.
Create, review, and submit Suspicious Activity Reports (SARs) and conduct follow-up reviews to determine if subsequent SAR filings are required.
Document SARS considered but not filed.
Investigate staff reporting of possible suspicious behavior and files SARS as necessary.
Review 314(a) procedures and reporting.
Renew annual registration for 314(b) system and maintain log of interactions with other financial institutions.
Other duties as assigned by Management.
Equal Opportunity Employer Job Type:
Full-time Pay:
From $57,945.
00 per year
Benefits:
401(k) Dental insurance Health insurance Life insurance Vision insurance Schedule:
8 hour shift Work Location:
In person.
Estimated Salary: $20 to $28 per hour based on qualifications.
3 Oak Ridge, TN Oak Ridge, TN Full-time Full-time From $57,945 a year From $57,945 a year 5 days ago 5 days ago 5 days ago TNBANK is seeking individuals looking for a fantastic work schedule (we offer Banker's hours), a family atmosphere, an opportunity to become part owner through an employee stock ownership plan.
We are looking for people that want to be a part of a Community Bank whose passion is to give back to our community and help it flourish.
PRIMARY DUTIES &
Responsibilities:
Coordinate and oversee an effective Bank Secrecy Act/Anti-Money Laundering/OFAC Compliance Program that is compliant current industry best practices, regulatory guidance, and requirements.
Maintain in-depth knowledge of all BSA/AML related regulations.
Monitor and analyze developing industry and compliance trends and changes to laws and regulations pertaining to BSA/AML/KYC/CIP/RegGG/MRB/MSB/OFAC/USA Patriot Act.
Advise senior management of emerging risks, new or amended laws, regulations, or agency guidance and recommend and implement changes and controls to mitigate those risks.
Develop, implement, administer, and enhance the BSA/AML/OFAC/USA Patriot Act monitoring and reporting systems to ensure that appropriate parameters are in place to identify suspicious and/or fraudulent activity.
Ensure all required BSA regulatory monitoring and reporting is conducted in a timely, accurate, and compliant manner.
Establish and maintain an effective COD/EDD risk rating and monitoring program to include initial and ongoing assessments in addition to reviewing and analyzing unusual account activity.
Risk rate new accounts daily and perform quarterly reviews on all high-risk account statements.
Perform annual due diligence on Money Services Businesses.
Daily review and tracking of all CIP and Beneficial Ownership documentation.
Establish and maintain appropriate SAR investigations, review and reporting processes which result in consistent decisions; conduct appropriate investigation and research along with compiling detailed documentation.
Conduct BSA/AML/OFAC risk assessments at least annually with consideration to products, services, and customers that may present BSA/AML/OFAC related risks.
Act as a liaison/contact for examinations, internal audits, and external audits of the BSA/AML compliance programs.
Respond to exams and audit concerns and oversee corrective action of all related compliance deficiencies.
Perform annual BSA/AML related policy reviews for Board approval.
Administer BSA/AML/OFAC related training programs for directors, management, and employees.
Ensure staff completes required CTRs by comparing system-generated reports to CTRs submitted.
Coordinate completion of missing reports with staff and management.
Perform annual review of CTR exempt customers.
Conduct daily review of BSA reports and large cash transaction reports, kiting suspects, etc.
, for the purpose of detecting suspicious activity.
Review watch lists and watch lists alerts.
Analyze possible matches and take appropriate follow up actions.
Review anti-money laundering alerts for suspicious activity.
Perform additional research to determine if the activity is suspicious.
Create, review, and submit Suspicious Activity Reports (SARs) and conduct follow-up reviews to determine if subsequent SAR filings are required.
Document SARS considered but not filed.
Investigate staff reporting of possible suspicious behavior and files SARS as necessary.
Review 314(a) procedures and reporting.
Renew annual registration for 314(b) system and maintain log of interactions with other financial institutions.
Other duties as assigned by Management.
Equal Opportunity Employer Job Type:
Full-time Pay:
From $57,945.
00 per year
Benefits:
401(k) Dental insurance Health insurance Life insurance Vision insurance Schedule:
8 hour shift Work Location:
In person.
Estimated Salary: $20 to $28 per hour based on qualifications.
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