What are the responsibilities and job description for the VP/Bank Secrecy Officer position at Harbor Bank of MD?
Title: VP/ BSA Officer
Department: Compliance & Security
Reports to: VP/Compliance Officer
Status: Exempt
- Summary:
The BSA Officer is charged with the responsibility of monitoring the day-to-day aspects of the BSA Compliance Program to ensure that the Bank is in compliance with all material aspects of the Bank Secrecy Act (BSA), Anti-Money Laundering (AML) and Office of Foreign Asset Control (OFAC) laws, rules and regulations.
- Primary Responsibilities and Duties:
- Retrieve and review “subject information” as the report comes available from the FinCen System 314(a).
- Review the monthly OFAC Reporting Module to detect any possible banking activity with Specially Designated Nationals.
- Review CIP forms for proper completion, and assist with training bank employees on completing CIP forms, as well as identifying and reporting suspicious activity.
- Review Funds Transfer Logs on a monthly basis for possible money laundering activity.
- Support operating units and branch locations by responding to questions regarding anti-money laundering.
- Initiate annual companywide risk assessment for the Bank, and manage the outcome accordingly.
- Perform other duties as assigned.
- Skills and Abilities Required:
- Ability to identify potential violations of established bank policies and procedures. Strong attention to detail.
- Must exercise sound judgment and observe the highest degree of confidentiality in the handling of information received in the course of discharging responsibilities.
- Comply with all federal and state regulations and rules impacting this position, meet all risk and compliance obligations, including the completion of required training.
- Ability to multi task while working independently or in a team, skills in analyzing figures, strong interpersonal skills, business writing skills, knowledge of general banking principles, PC proficiency.
- Minimum Requirements:
- Bachelor’s degree in Business, Accounting, or related field is needed. Minimum one (1) year commercial banking experience preferred.
EOE DV
Salary : $100,000 - $130,000