Audit, Compliance, BSA Officer

Description

Position Summary:

Keep abreast of regulatory and legal developments governing institution operations, products, and services.  Plan, coordinate and evaluate the institutions programs to ensure compliance with applicable laws and regulations.  Provide bank-level leadership for all aspects of MVSB’s Bank Secrecy Act Compliance Program.  Plan for and coordinate all internal and compliance audits/exams between the functional business units and the outside auditors/examiners and track all audit and exam recommendations while collaborating with functional line managers to remediate such recommendations in an expeditious manner.

• Oversees the organization and control of the Bank's day-to-day administrative, lending, and operational compliance and internal audit activities.
• Coordinates the administration and monitoring programs that ensure the Bank’s compliance with laws, regulations and rules governing operations and product offerings.
• Research federal and state banking laws and regulations, reviews the financial institution’s policies and procedures, and ensures Bank’s compliance with laws and regulations.
• Participate in various committees.
• Serve as direct liaison between the Bank and various outside contractors that provide internal audit, compliance, and monitoring services.
• Serve as direct liaison between the Bank and federal and state examiners when requests for information are sent to the Bank.
• Advise the Board of Trustees, Executive Management and Bank personnel of emerging compliance issues and consults and guides the Bank in establishing controls to mitigate risks.
• Coordinates the gathering and dissemination of information related to various audit and examination engagements at the Bank.
• Serve as the Bank’s Chairperson over the Management Compliance Committee.
• Coordinate the preparation of risk assessments, and all Bank Board approved policies.
• Monitor and Approve all Audit and Monitoring Expense Invoices.
• Provide ongoing coaching to BSA Specialist to properly manage workflows and reporting.
• Serve as the overseer, central resource, and repository for the gathering of all suspicious activity information identified by Bank employees or through automated third party outside services. 
• Daily, monitor the Bank’s compliance with the Bank Secrecy Act, USA Patriot Act, Anti-Money Laundering, OFAC and Customer Identification Program using industry standard and regulatory guidance sampling methods. 
• As BSA Officer, determine when SARs should be filed.

• Recognize and demonstrate the Bank’s Core Values:
  • We value and respect the contribution of each member of the team.
    • We work together to support our mutual goals.
    • We foster an inclusive, non-hierarchical environment.
    • We gain a sense of fulfillment through our contribution to the whole.
    • We manage client and company resources responsibly.
  • We are passionate about our craft.
    • Each day our effort is focused on doing better than the day before.
    • Be curious.
    • Expect the highest quality work from ourselves.
    • Enable our creativity with continuous self-improvement.
  • We go out of our way to do the right thing.
    • Going the distance to do right by our customers and colleagues.
    • Protect the confidentiality and privacy of our customers – no matter what. 
    • Embody the gold standard of professional ethics.
    • Avoid even the appearance of impropriety.
  • We are candid and kind.
    • Our integrity, built on the trust of our community and among our peers, depends on our ability to communicate with respect, honesty, and candor.
    • Have the courage to be honest.
    • Trust and empower individuals.
    • Hold each other accountable to uphold our values.
• Maintain knowledge of services in area of responsibility.
• Maintain basic knowledge of related state and federal banking compliance regulations.
• Demonstrate understanding and adherence to Bank Security procedures.
• Work within procedural limits of position.
• Any other tasks or projects assigned by supervisor.

Qualifications

• Bachelor’s Degree or equivalent experience.
• Five to ten years project management/banking experience.  Extensive knowledge of all financial institution policies and procedures.
• Excellent organizational and interpersonal skills.
• Excellent leadership, managerial and verbal and written communication skills.  Advanced organizational skills with the ability to prioritize and meet deadlines.
• Knowledge of basic computer applications (windows, word, excel spreadsheets).
• Ability to establish and maintain effective relationships with other management staff and employees

• Must be able to stand or sit for long periods of time.
• Work is normally performed in an office environment.
• May operate office equipment necessary to perform job function.

Job Positions Immediately Supervised:

• BSA Specialist
• Sr. BSA Specialist
• Assistant BSA Officer