Compliance/BSA Specialist

Bank of Ocean City has a full-time opening in our Bank Secrecy Act (BSA) department. We are looking for an experienced, qualified individual to join our team

Basic Function: Provides operational support for the Compliance and BSA Departments.

Essential Duties:

Customer Service

· Consistently deliver outstanding customer service, anticipating customer needs and going above and beyond to ensure a seamless and memorable experience.

Compliance

· Under the direction of the Compliance Officer, utilize testing procedures to monitor the Bank’s compliance with federal and state laws and regulations.

· Assist the Compliance Officer in the completion of reports to assess the Bank’s compliance with Fair Lending laws.

· Under the direction of the Compliance Officer, review advertisements, statement messages, or other marketing pieces for compliance with state and federal laws and regulations.

· Monitor and update the Bank’s CRA Public File

· Periodically review branch signage and materials to ensure compliance with regulatory requirements

· Assist the Compliance Officer in managing the Bank’s audit co-source relationship to include the collection and uploading of documents to the co-source portal

· Ensure compliance with Bank policies and procedures, as well as Federal banking laws, rules and regulations, including, but not limited to: monitoring for OFAC, adhering to BSA/AML/OFAC/CIP policies and procedures.

· Information Security Compliance – Actively contribute to the protection of confidential information, data, and systems. Adhere to established security protocols, remain alert for suspicious emails, message or links, and promptly report any suspected phishing attempts to the designated security contact.

· Any other job duties as assigned by the Bank’s Compliance or BSA officer

BSA

· Assisting with the triaging and dispositioning of BSA and OFAC Watch list monitoring Alerts

· Assisting with the triaging and dispositioning of customer due diligence alerts related new or unidentified high risk customer with the bank

· Assists with the review of Bank-collected customer documents to monitor compliance with the requirements of the Customer Identification Program.

· Assist with organizing and facilitating the completion of Customer Due Diligence / Enhanced Due Diligence questionnaires for bank customers

· Review of ongoing due diligence documentation for higher risk customers

· Provides branch support on potential issues related to BSA

· Conduct Quarterly, Semi-annual, or Annual reviews of the Bank’s high risk customers or CTR exempt customers

Knowledge, Skills and Abilities

• Advanced computer skills-Proficiency in Word and Excel
• Ability to maintain a high degree of confidentiality
• Excellent attention to detail
• MUST be a self-starter and display initiative
• Time management with the ability to work efficiently to meet deadlines
• Display an understanding of BSA operational procedures
• Good verbal and written communication skills
• Strong organizational skills
• Ability to adapt to change
• Ability to interact with staff members at all levels
• Ability to manage multiple priorities
• The requirements listed above are representative of the knowledge, skill, and/or ability required. Reasonable accommodations can be made to enable individuals with disabilities to perform the essential functions.

Training and Experience

• High School Diploma.
• Bachelor’s degree preferred.
• One year of banking experience with knowledge of BSA/AML and SAR reporting requirements. Experience opening consumer and business accounts and an understanding of federal consumer compliance regulations preferred

Physical Requirements

Physical requirements of this position include, but are not limited to:

• Sitting/Standing/Walking: Approximately 75% or more of time is spent working at a desk. Balance of time (25%, or “occasionally”) is spent moving around work areas. Ability to traverse one or more flights of stairs may be required.
• Speaking/Hearing: Clear dictation and acute hearing are necessary for effective and frequent (up to 75% of work time) communication with co-workers, customers, and outside agencies, by telephone and in person.
• Vision: Ability to effectively use a computer screen and to interpret printed materials, memos and other appropriate paperwork, 75% or more of work time.
• Lifting/Carrying: The ability to transport files, office supplies, and lifting up to a weight of 35 lbs. and occasionally, up to 50 lbs.
• Stooping/Kneeling: The ability to access files and supplies, with occasional stooping or kneeling.

Benefits Include:

• Paid Vacation
• 40 hours Sick Leave (prorated for year 1)
• Paid Personal Leave (16 hours-prorated after year 1; will grow with years of service)
• Health/Vision/Dental benefits (individual or family/rates based upon selection)
• 401(k) after 90 days of service, via quarterly entry w/ Company match after 1 year (quarterly entry)
• 11 paid Holidays
• Pay range: $16-$18 per hour

Equal Employment Opportunity and Affirmative Action Employer

EOE/Veterans/Disabled/LGBT

Job Type: Full-time

Pay: $16.00 - $18.00 per hour

Benefits:

• 401(k)
• 401(k) matching
• Health insurance
• Life insurance
• Paid time off

Schedule:

• 8 hour shift
• Monday to Friday

Work Location: In person

Salary : $16 - $18