What are the responsibilities and job description for the Compliance/Fraud Specialist position at SECURITY FINANCIAL BANK?
Job Details
Job Location: Administrative Offices - Eau Claire, WI
Position Type: Full Time
Education Level: High School
Salary Range: Undisclosed
Job Category: Risk Management
Description
POSITION SUMMARY:
The Compliance/Fraud Specialist is responsible for operational support duties and assists the Bank’s Compliance and BSA Officers. This position assists in originating, implementing, and maintaining the Bank Secrecy Act/Anti Money Laundering (BSA/AML) and Regulatory compliance program with all applicable state and federal laws and regulations. This position is also responsible for assisting in the coordination and support of compliance audits and examinations.
PRIMARY RESPONSIBILITIES AND ACCOUNTABILITIES:
- Review Currency Transaction Reports (CTRs) completed by branch personnel for accuracy and filing; review daily currency reports to ensure CTR’s have been completed for all reportable transactions.
- Assist in proactively identifying and communicating deficiencies or issues related to compliance and BSA.
- Collaborate with appropriate departments to ensure all of SFB is compliant, including but not limited to the operational activities within the branch.
- Assist the Compliance Officer with development, implementation and administration of a compliance program that effectively addresses the requirements of applicable laws and regulations, including but not limited to the Bank Secrecy Act (BSA) and Security Program
- Assist the BSA Officer in investigations to identify fraud and suspicion of fraud for card disputes, new and existing accounts, returned deposits, counterfeit items, and employee/insider fraud
- Review Suspicious Activity Reports (SARs)
- Perform daily review of various reports, logs and transaction data to identify trends and unusual activity.
- Assist with low and moderate risk transaction monitoring to determine if transactions are suspicious in nature, such as kiting, significant changes in balances, cash structuring in deposits, loans payments and certificate of deposit purchases, wire or ACH transfers, monetary instrument sales, new account openings, etc.
- Assist with internal audit of various compliance areas, such as Expedited Funds Availability, Electronic Funds Transfer Act, Truth in Savings Act, Home Mortgage Disclosure Act, and Non-Originated Loans
- Assist with routine loan file reviews to ensure compliance with regulatory requirements.
SECONDARY RESPONSIBILITIES AND ACCOUNTABILITIES:
- Maintain industry knowledge relative to regulatory requirements.
- Assists in special projects and tasks for the department as directed
- Provide backup to BSA Officer as needed
- Perform other duties as assigned
TEAM/COMMITTEE ASSIGNMENTS:
- Audit Legal and Compliance Committee (ALCC)
Qualifications
ROLE QUALIFICATIONS:
Education
- High school diploma
Experience
- 2 years general banking experience required with preferred focus on bank operations, compliance or related fields
- Experience with BSA, AML and other related regulations required
Other Skills and Abilities
- Strong organizational, attention to detail and time management skills
- Demonstrated ability to proactively manage projects from start to finish with minimal supervision
- Ability to interact with customers and employees with tact, diplomacy and confidentiality
- Ability to assess problems and/or unusual situations and develop logical solutions
- Strong ethical focus
- Thorough knowledge/understanding of legal and regulatory matters and industry trends
