Regulatory Risk Support
Overview:
The Regulatory Risk Support position is responsible for assisting the Regulatory Risk Division with BSA and Compliance requirements necessary to achieve and maintain a satisfactory level of BSA compliance, safety, and soundness. This position also performs general administrative duties for the Director of BSA and Compliance.
Responsibilities:Key Responsibilities:
- Administrative Support:
- Prepare Board/Management Committee packages and division reports.
- Maintain tracking spreadsheets and reconcile department budgets.
- Manage expense reports, invoices, and training logs.
- Update organizational charts and Business Continuity Plan listings.
- Compile and distribute the division’s semi-annual newsletter.
- Regulatory Risk Operations:
- Conduct due diligence and research using WorldCheck, LexisNexis, and internet sources.
- Serve as Foreign Correspondent Banking Governance Committee as Secretary.
- Assist with BSA/AML/OFAC Risk Assessment research and documentation.
- BSA Compliance:
- Coordinate case assignments and maintain RFI logs.
- Upload SAR confirmations and maintain tracking reports.
- Beneficial Ownership & Monitoring:
- Perform daily CDD Rule reviews and monitor Independent ATM customers.
- Conduct manual monitoring reviews across various risk categories (e.g., loans, credit cards, virtual currency).
- Analyze AML alerts and perform customer research using internal and external sources.
- Cross-Divisional Support:
- Fill in during peak workloads or staff absences.
- Serve as a backup to the Compliance secretary.
- Participate in special projects to gain exposure across key areas of Regulatory Risk.
Education/Experience
Requirements
- Associate’s degree or equivalent in a related field of study such as Business and four (4) years of banking experience; two (2) of those years related experience directly working in regulatory risk, compliance or BSA.
Combination of education and experience will be considered.
Skills & Competencies
- Must be self-motivated and detail oriented.
- Ability to work in a team environment.
- Ability to handle confidential information.
- Must be able to take direction and maintain a necessary level of communication with varying supervisors/managers.
- Must possess excellent verbal and written communication skills, interpersonal and organizational skills.
- Computer knowledgeable in MS Office Software, (Excel, Word, and Outlook, Power Point).
Preferences
- Knowledge of banking laws and regulations, such as the Bank Secrecy Act/AML and Patriot Act.
- Experience with research tools such as WorldCheck, LexisNexis, and internet-based sources.
Licenses/Certifications
- None