We are looking for an experienced, compliance-driven individual to lead our BSA team! The ideal candidate will have extensive knowledge of bank operations and regulations, value integrity and discretion, and have leadership skills that contribute to the success of the department.
What You’ll Do
As our BSA Officer, you will be responsible for the implementation and administration of all aspects of the Bank Secrecy Act compliance programs. This includes performing various quality control reviews and monitoring pertaining to the Bank Secrecy Act, USA Patriot Act, anti-money laundering, OFAC and Customer Identification Program compliance.
You will ensure the Bank’s compliance efforts are adequately maintained daily, advise Senior Management and Bank personnel of emerging BSA compliance issues, and guide the Bank in establishing controls to mitigate risk.
Oversees all aspects of the bank wide BSA/AML/OFAC Programs.
Understands and has proficient current knowledge of government regulations, with particular emphasis on the Bank Secrecy Act, USA PATRIOT Act, OFAC and related regulations.
Monitors legislative and regulatory developments regarding the Bank Secrecy Act, USA PATRIOT and OFAC and reports important compliance developments to the Board of Directors, management and other bank personnel.
In conjunction with Operations and Lending areas of the Bank, implements changes required by a variable regulatory environment, best practices, or rules modifications.
Stays abreast of and understands current regulator and auditor expectations and use of industry best practices.
Coordinates and assists in the administration of independent, state and federal regulator and auditor examinations and reviews. Coordinates Management’s response to same and ensures corrective action is implemented and effective.
Advises the Bank’s Compliance Manager, Senior Management and Bank personnel of emerging BSA compliance issues and consults and guides the Bank in the establishment of controls to mitigate risks.
Ensures department activities run smoothly and efficiently by providing leadership, training and supervision within the department.
Works and communicates effectively with all bank Operations and Lending departments, including identifying and reporting suspicious activity.
Oversees SAR investigations and filings as well as 314(a) reporting; directly responds to all 314(a) and 314(b) inquiries, escalates potential watch list hits and prepares required regulatory reports.
Manages BSA Software System, ensuring data going into system is fully accurate and data coming out of system is appropriately reviewed and investigated for potential suspicious activity.
Coordinates the development and implementation of BSA/AML/OFAC related bank forms, notices, procedures and monitoring processes for compliance with BSA/AML/OFAC.
Ensures new product development includes full AML consideration.
Ensures at least annual BSA/AML training is performed for new hires within a reasonable time of hire, and existing staff, management, and Board Members at least annually, more frequently as needed.
Ensures all government reporting (for example: CTR and SAR filings) are completed in an accurate and timely manner.
Maintains all appropriate compliance records as required by laws and internal policies.
Complies with all applicable Banking compliance rules and regulations established by both internal departments and external agencies.
Performs BSA/AML/OFAC Risk Assessments, providing report of conclusions to Management and The Board.
Oversees continuing maintenance of the Bank’s written BSA/AML/OFAC policies and procedures, ensuring they remain up to date with current practices, are effective distributed and staff are trained on changing expectations/requirements.
Researches BSA/AML/OFAC regulatory issues and responds to compliance questions from Bank personnel, using legal and regulatory reference materials, regulatory agencies, Bank counsel, and professional associations and organizations, as appropriate.
Reinforces training to ensure that bank employees are aware of UDAAP and do not harm consumers with any act that could be misleading, unfair, deceptive, or abusive in act or practice.
Bachelor's degree from four-year college or university; and/or
Minimum of five to seven (5-7) years of directly related regulatory compliance experience.
Demonstrated ability to manage multiple demands and priorities.
Excellent communication (both written and verbal), influence and leadership skills.
Extensive knowledge of Bank Secrecy Act, USA Patriot Act, Money Laundering Control Act, Office of Foreign Asset Control regulations, strategies and enforcement policies, familiarity with key banking regulations and interpretations, knowledge of bank laws and operations, risk assessment and analysis.
Extensive knowledge and experience with bank operations policies and procedures.
CAMS or other professional BSA/AML certification is desirable.
Why You Should Apply
Full-time position with excellent compensation and benefits package
Generous time off programs
Discounted stock purchase program
Excellent growth and development opportunities
And much more!
The purpose of this job description is to provide a summary of duties related to the position. It is not intended to be all-inclusive. The employee will perform other reasonable business duties as assigned by supervisor or other management.
First Northern Bank does not discriminate based on race, color, religions, sex, gender identity, age, national origin, marital status, pregnancy, disability, or any other protected status.
The duties outlined in this description are subject to modification or change by the organization, at any time, with or without notice.
About First Northern Bank
First Northern Bank is a community bank with headquarters in Dixon, California, USA founded in 1910. The bank serves Solano, Yolo, Sacramento, Placer and El Dorado counties with eleven full service branches.The Bank’s portfolio of loan includes commercial loans, agriculture loans, real estate mortgage loans, and real estate construction loans.
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