Job TitleThe individual will have solid knowledge of BSA related regulations to provide support to the EDD Officer and BSA Compliance Manager on all BSA related compliance issues to ensure regulatory requirements are met using various monitoring systems and reports. Identify unusual customer transaction patterns indicative of suspicious activity; implement and support the BSA automation system, which will aid in the Bank's compliance with all Anti-Money Laundering laws, USA Patriot Act and OFAC. Properly reporting suspicious activity based on internal processes adopted.
Essential Duties and Responsibilities:- Complies with and stays abreast of all policies and procedures, federal and state laws applicable to the job through self-study and formalized training.
- Maintain proficient knowledge of BSA and all related laws and regulations.
- Support the Bank's BSA/Anti-Money Laundering Compliance Program.
- Assist with the Anti-Money Laundering Software batch reports/listing process for the Bank's customer base for high risk customer determination
- Assist with maintain accurate records related to the Bank's high risk customers to ensure reviews are completed when required
- Complete Enhanced Due Diligence (EDD) on the Bank's high-risk customers, prepare electronic folders to maintain all associated records and make recommendation for risk-rating to be assigned.
- Request information from Centers/Departments to complete EDD reviews or when needed to carry out responsibilities of the EDD team.
- For customer activities that appear suspicious, refer those to the AML Analysts that perform SAR investigations.
- Complete monthly, quarterly and annual monitoring/certification reports as assigned.
- Assist with monthly BSA related Board Reports as applicable.
- Assist Center and Internal Departments with BSA regulatory questions and problem solving.
- Provide assistance to develop new material and update existing documentation as it applies to BSA/USA Patriot Act/OFAC.Familiar with Anti-Money Laundering Software utilized in the financial industry
- Stay current on BSA /USA Patriot Act/OFAC issues and complete training as assigned by training officer, EDD Officer, or BSA Compliance Manager.
- Complete miscellaneous duties as assigned by EDD Officer or BSA Compliance Manager.
- Provides, promotes and presents the Citizens Experience Customer Service to all internal and external customers.
Supervisory Responsibilities:
This position has no direct supervisory responsibilities, but may provide day to day instruction to peers at the direction of the EDD Officer.
Qualifications:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Education and/or Experience Associate's degree (A. A.) or equivalent from two-year college or technical school; or six months to one year of related experience and/or training; or equivalent combination of education and experience.
Language Skills:
Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. Ability to write reports, business correspondence, and procedure manuals. Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public. Mathematical SkillsAbility to work with mathematical concepts such as probability and statistical inference, and fundamentals of plane and solid geometry and trigonometry. Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations.
Reasoning Ability:
Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form. Computer SkillsTo perform this job successfully, an individual should have a working knowledge of the Anti-Money Laundering Software utilized by the Bank and above average Excel and Word Processing software skills.
Physical Demands:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this Job, the employee is regularly required to use hands to finger, handle, or feel and reach with hands and arms. The employee is frequently required to sit and talk or hear. The employee is occasionally required to stand; walk and stoop, kneel, crouch, or crawl. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision and ability to adjust focus.
Work Environment:
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level in the work environment is usually moderate.
Location: This position is located at the operations center.
