Compliance Specialist

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Job description

Compliance Specialist

Compliance Specialist will be responsible for developing, implementing, and administering the Bank's BSA/AML program to ensure compliance with the Bank Secrecy Act, and all other Anti-Money Laundering and Office of Foreign Assets Control laws and regulations. The BSA Compliance Specialist supports the Bank Secrecy Act training effort for the Board of Directors, appropriate management, and staff personnel; participates in briefings of management and staff on BSA/AML compliance issues and responds to BSA/AML questions. The BSA Compliance Officer accepts the responsibility for the identification, measurement, and monitoring of BSA/AML/OFAC risks. This position will be responsible for monitoring the banks compliance with all banking laws and regulations whileoverseeing the compliance program, including training and implementation throughout the bank and for the bank's CRA performance and reporting to leadership.

Responsibilities:

• Manages the BSA Department to ensure the Bank's compliance with all related federal, state, and local laws and regulations.
• Maintain, review, and update the Bank's BSA/AML and Compliance/CRA Programs, policies and procedures, and ensure that they are updated when changes to regulations and laws are made.
• Performs annual risk assessments and advises management on the development of policy, procedures, system controls and training to address those risks.
• Conduct customer account reviews and investigate suspicious or unusual customer activity for identified medium and higher risk customers independently.
• Review suspicious activity detected using automated system reports, other reports/customer statements, and report unusual activities in the form of a Suspicious Activity Report (SAR) filing.
• Ensure that 314(a) requests, Currency Transaction Reports (CTRs) and SARs are completed accurately, completely, and filed.
• Develop, maintain, and coordinate bank training programs. Maintain all training records.
• Prepare and report developments on significant BSA & Compliance/CRA matters.

Qualification:

• Minimum of 5 years banking experience and 3 years working in the BSA and Compliance areas.
• Minimum of 5 years banking experience in operations, deposit account opening, mortgage lending, or loan operations.
• Minimum Associate Degree, prefer Bachelor's Degree in business-related study.
• Formal bank-related training or certifications are helpful.

For additional information on this opportunity contact Gabrielle Lazar directly at . Resumes may be confidentially sent to .

All qualified applicants will receive consideration without regard to race, age, color, sex (including pregnancy), religion, national origin, disability, sexual orientation, gender identity, marital status, military status, genetic information, or any other status protected by applicable laws or regulations.

GPAC (Growing People and Companies) is an award-winning search firm specializing in placing quality professionals within multiple industries across the United States since 1990. We are extremely competitive, client-focused and realize that our value is in our ability to deliver the right solutions at the right time.

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