SUMMARY
Assist with monitoring and enhancing the Anti-Money Laundering (AML) and related compliance programs to ensure adherence with laws, regulations, and rules. Responsible for performing a variety of complex duties required to ensure the accuracy, effectiveness, and compliance of the institution’s Bank Secrecy Act (BSA) and Anti-Money Laundering program, Office of Foreign Asset Control (OFAC) monitoring, and Financial Crimes Enforcement Network rules, according to established policies and procedures. Responsible for processing and submitting Suspicious Activity Reports (SARs).
ESSENTIAL DUTIES AND RESPONSIBILITIES
Job Functions
Support the Bank’s Anti-Money Laundering program, including:
• Ensure BSA, AML, and OFAC compliance efforts are maintained.
• Perform monitoring, reviews, investigations, and analysis of transaction data to identify trends, unusual activity, and large currency activity to determine if transactions are suspicious in nature.
• Monitor, prepare, and e-file Suspicious Activity Reports (SARs).
• Monitor Customer Identification Program and Customer Due Diligence exceptions.
• Process and e-file Currency Transaction Reports (CTR).
• Review OFAC alerts.
• Perform FinCEN 314(a) review.
• Perform high-risk customer reviews.
• Monitor AML software alerts and reports.
• Identify employee or program weaknesses and recommend areas of improvement.
• Maintain proficient knowledge on rules and regulations, money laundering trends, and regulatory advisories.
• Provide support and guidance to staff.
• Assist in development, coordination, and facilitation of training to educate employees of requirements.
• Assist with compliance reviews and risk assessments as needed.
• Update policies and procedures to comply with federal regulations.
• Assist with preparation of information and reports for the SAR and Audit Committees.
• Assist with the collection and coordination of information required for Federal, State, and third-party reviews/audits.
Security
• Maintain neat and orderly work area and ensures all negotiable and confidential records (physical and digital) are properly secured at all times.
• Understands role in case of disaster or robbery, whether victim or bystander, and knows proper post-robbery procedures.
• Professional appearance that evokes the client’s trust.
• Adhere to all Bank policies and procedures and to internal controls and system access restrictions.
• Keep suspicious activity cases confidential.
Client Service
• Ability to interact (in person, phone, and electronic communication) with the public well and to deal effectively with their questions or problems.
• Knows the Bank’s products and services thoroughly and seeks out opportunities to explain, promote, or sell products/services.
• Continuously demonstrates a helpful, friendly attitude and is committed to providing excellent client service.
• Ability to establish and maintain effective working relationships with co-workers, employees, and officials in other departments.
Other duties may be assigned that do not conflict with the position.
QUALIFICATIONS
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.
EDUCATION and/or EXPERIENCE
Two years of bank experience. High school diploma or equivalent; a college degree in a related field, preferred. Knowledge and experience working with Anti-Money Laundering and related rules are preferred.
CRITICAL SKILLS
• Self-Development: pursue additional education or training to remain current, improve knowledge, and diversify skills.
• Client confidentiality: never reveal or divulge client information to anyone outside of the Bank.
• Versatility: Ability to multi-task and prioritize tasks under pressure and in a fast-paced environment.
• Perform Essential Duties and Responsibilities detailed above satisfactory.
• Position requires a person with a pleasant and professional personality who works with a high degree of accuracy, pays attention to detail, and has good organizational, documentation, and writing skills.
• Ability to establish and maintain effective working relationships with department coworkers and employees in other departments.
KNOWLEDGE, SKILLS, AND ABILITIES
• Ability to adhere to BCT’s Core Values: Integrity, Teamwork, Growth, Client Commitment, & Community Focus
• Ability to work efficiently and accurately in an atmosphere of frequent interruptions.
• Ability to think and work independently and in a team environment.
• Ability to analyze current processes and make recommendations to streamline and modernize processes and systems to be more efficient while maintaining integrity of policy and procedures.
• Possess a knowledgeable background of the Bank’s operational procedures and policies regarding lending and deposit functions.
• Must have basic skills in operating a computer, calculator, and other standard office equipment.
• Proficient in Microsoft Office products.
• Ability to read and interpret documents such as regulations, examiner and auditor reports, contracts, reporting instructions, policy and procedural manuals, and other written documents.
• Ability to speak and write in a clear and understandable manner.
• Ability to answer telephones and greet the public in a friendly and courteous manner.
• Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form and to request clarification if needed.
• Ability to document findings in an accurate, logical, and complete manner.
• Position requires the ability to meet with the public/personnel in problem solving situations.
SMOKE-FREE WORKPLACE
BCT is a 100% smoke-free company.
PHYSICAL DEMANDS
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is regularly required to sit, walk, and stand; use hands to finger, handle, or feel; reach with hands and arms; and talk or hear. The employee must occasionally lift and/or move up to 10 pounds.
This job description is not designed to cover or contain a comprehensive listing of all duties/responsibilities that are required of the position. Duties/responsibilities may change or be assigned at any time with or without notice.
BCT is an Equal Opportunity/Affirmative Action Employer
BCT supports a workforce of diversity, equity, inclusion, and accessibility.