What are the responsibilities and job description for the BSA/Deposit Compliance Specialist position at HEBRON SAVINGS BANK?
POSITION TITLE: BSA / Deposit Compliance Specialist
DEPARTMENT: Compliance Department
ACCOUNTABILITY: Vice President, BSA Compliance Manager
Scope of Responsibility: This is a dual-role position; approximately two-thirds in BSA and one-third in Deposit Compliance. The primary responsibility of the BSA and Deposit Compliance Specialist is to provide support in ensuring the ongoing compliance with the Bank Secrecy Act (BSA)/Anti Money Laundering (AML) program, and assist in implementing, communicating and maintaining the bank’s Deposit Compliance program.
Essential Duties & Responsibilities:
- Maintains a thorough understanding of state and federal laws and regulations related to bank compliance including Bank Secrecy and Anti Money Laundering laws, to include participating in required compliance training and ensuring compliance with regulations in the scope of the position.
- Maintains comprehensive knowledge of bank policies, procedures, including BSA and Deposit Compliance, to ensure the bank operates in compliance at all times;
- Provides support in the day-to-day aspects of the bank’s ongoing BSA/AML/OFAC operations including meeting deadlines for reviews, investigations, and BSA related filings;
- Monitors transaction reports and data provided daily using the Yellow Hammer BSA software, recognize when created tasks need investigations research; escalating to the BSA Manager as appropriate;
- Monitors Currency Transactions Reports and submits the CTR filings in a timely manner; performs additional BSA requirements relating to CTR filings;
- Assists with Currency Transaction Exemption monitoring and processes;
- Review new and revised signature cards verifying CIP requirements are met; assisting with new and revised CIF records and account maintenance;
- Regulation CC availability, documentation, and retention;
- Annual abandoned (escheat) property reporting;
- Assist with monthly and periodic reports in collecting BSA and CIP data and statistics;
- Completing all other duties as assigned.
Contacts: The individual in this position will work in conjunction with the BSA Officer, BSA Compliance Manager, Deposit Compliance Manager, compliance area staff members, and other bank personnel to ensure that the bank is in compliance with federal & state regulations and guidelines as well as bank policies and procedures. In addition to those individuals just noted, this individual will work closely as appropriate with branch personnel to fulfill the responsibilities of this position.
Knowledge, Skills & Experience:
- Knowledge of banking regulations pertaining to Enhanced Due Diligence, Bank Secrecy Act, USA Patriot Act, and OFAC compliance and industry best practices
- Knowledge of banking policies and procedures, to include regulatory Deposit Compliance
- Strong communication (verbal & written) & interpersonal skills
- Strong organizational abilities and attention to detail
- Working knowledge of Microsoft WORD and EXCEL
- Good analytical, logical and problem-solving skills with attention to detail
- Accepts responsibility eagerly
Physical Requirements: The physical demands described here are representative of those that must be met by an employee to perform the essential functions of this job successfully. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this position, the employee is regularly required to sit or stand for prolonged periods, reach with hands and arms, stoop, kneel or crouch. The employee must occasionally lift and/or move up to 15lbs. Vision abilities required include close vision, distance vision, and peripheral vision. Employee will need to see what is going on around the branch for safety reasons, and be able to do close up paperwork and view computer screens.
EEO Statement: Hebron Savings Bank provides equal employment opportunities to all employees and applicants without regard to unlawful considerations of race, creed, color, national origin, nationality, ancestry, age, sex, familial status, marital status, domestic partnership, affectional or sexual orientation, gender identity or expression, liability for military service, mental or physical disability or perceived disability, and any other classification protected by applicable state and federal laws. Reasonable accommodation is available for qualified individuals with disabilities, upon request.
Hebron Savings Bank expressly prohibits any form of workplace harassment or unlawful discrimination against individuals on the same basis as outlined above.
Job Classification: Non-exempt
