Compliance Liaison/Bsa Officer

Description

Purpose:

Compliance Liaison: Serves as the key point of contact and coordinator for the Bank's outsourced and internal compliance functions in the absence of the Compliance Officer. Will be required to ensure adherence to regulatory requirements, internal policies and industry best practices. Responsible for monitoring compliance-related activities, assists with audits and facilitates communication and training to promote a culture of compliance across the organization.

Bank Secrecy Act (BSA) Officer: Responsible for developing, implementing, and administering all aspects of the Bank Secrecy Act compliance program. This includes ensuring compliance with the BSA, Anti-Money Laundering (AML) regulations, the USA PATRIOT Act, and related laws and regulations. The BSA Officer monitors and reports suspicious activity, oversees daily operations of the BSA/AML team, and serves as the primary point of contact with regulators and auditors.

Compliance Liaison

1. Assists the Compliance Officer to administer, monitor and maintain a program, with the aid of outsourced compliance providers, which ensures that the Bank is in compliance with all applicable laws, regulations and rules governing operations (deposit and loan) and product offerings. (Including but not limited to: Flood, HMDA, RESPA, Truth in Lending, GLBA, Truth in Savings, CRA, Reg E, Reg CC, Reg D)

2. Responsible for internal compliance implementation, communication and monitoring of any compliance policies, procedures and audit findings.

3. Builds and maintains risk and compliance awareness culture within the Bank.

4. Provides employee training and communicates updated policies and procedures.

5. Assists the Compliance Officer to serve as the bank's primary liaison with regulatory agencies and outsourced compliance vendors during examinations and responsible to respond to, and make recommendations to Management per findings.

6. Maintains an audit tracking system to ensure follow-up.

7. Provide complete reporting requirements to Audit Committee and the Board of Directors, in the absence of the Compliance Officer.

8. Makes recommendations and assists Management in setting the processes and strategies for risk and compliance management and resolution of compliance related issues.

9. Conducts branch reviews with respect to compliance issues.

10. Chair compliance committee in the absence of the Compliance Officer and member of SAR committee.

11. Responsible for the accuracy of the compliance brochures, privacy brochures and compliance software (deposit and loan) disclosures and marketing materials.

BSA Officer

1. Oversee and manage the bank's BSA/AML/OFAC compliance program, including Customer Identification Program (CIP) and Customer Due Diligence (CDD) processes.

2. Monitor and manages daily reports, transaction alerts, and reviews transaction data to identify trends and detect and investigate suspicious activity.

3. File Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs) in a timely and accurate manner.

4. Reviews and monitors exempt customer information.

5. Conduct and oversee enhanced due diligence (EDD) for high-risk customers.

6. Manage ongoing risk assessments and regulatory requirements related to BSA/AML/OFAC compliance.

7. Assists with the Bank's requirements under 314(A) requests.

8. Coordinate and manage audits of the BSA/AML program.

9. Develop and maintain BSA/AML/OFAC policies and procedures and monitor internal controls.

10. Provide new employee and annual BSA/AML training to bank staff and board members. Provides training, resources and support for Assistant BSA Officers.

11. Serve as the bank's primary liaison with regulatory agencies during examinations and responsible to respond to, and make recommendations to Management per, regulatory findings.

12. Provide complete reporting requirements to Audit Committee and the Board of Directors.

13. Conducts/manages annual filing on the Bank's MLR.

Others:

1. Note this job description is not designed to cover or contain a comprehensive listing of all activities, duties or responsibilities that are required for this job. Duties, responsibilities and activities may change at any time with or without notice.

Requirements

Prefer Bachelors/Associate Degree OR Non-degree Equivalent Experience. Strong knowledge of Compliance, BSA, AML, and OFAC regulations is preferred but not required. Strong analytical and organizations skills. Strong written and verbal communication skills. Must possess the ability to manage multiple priorities and deadlines independently and within a team setting.

Wages are commensurate with experience and a complete benefits package is providing including educational reimbursement with First Citizens paying 100% of tuition for full time employees; student loan dept repayment; paid time off; 401(k); health, dental, vision insurance; and more.

This job description does not list all the duties of the job. This job description may be revised at any time. This job description is not to be implied as a contract for employment for any length of time and will not change the employee's at will relationship. Either the employer or the employee may terminate employment at any time. First Citizens National Bank is an Equal Opportunity Employer -D/V.