How Will Your Role Impact First Command?

The FCB’s (“Bank”) BSA/AML Compliance Officer will be principally responsible for the development and daily management of the Bank’s BSA/AML Compliance Program to ensure overall ongoing compliance, updating of the Program, and subsequent procedures are achieved. The BSA/AML Compliance Officer will be responsible for maintaining the Bank’s BSA/AML and OFAC compliance through written policies and procedures, monitoring, investigations, quality control, reporting, training, and maintain appropriate risk assessments. The BSA/AML Compliance Officer will facilitate internal reporting, to the SVP, Bank Compliance Officer, and Compliance Committee on all relevant BSA/AML and OFAC compliance matters. In addition, the BSA/AML Compliance Officer will ensure compliance with applicable BSA/AML and OFAC laws and regulations that may result in severe penalties from regulatory agencies and damage to the Bank’s reputation.

What Will You Be Doing?

• Assist the SVP of Bank Compliance with the oversight and execution of the Bank’s BSA/AML and OFAC Compliance Program;
• Assist and maintain BSA/AML and OFAC policies and procedures;
• Perpare and manage reports relating to BSA and OFAC activites for the board, compliance committee, and bank compliance meetings;
• Manage and maintain accurate thresholds, rules, client data, review frequecies, transaction data, and updates of the Bank’s BSA/AML software system
• Maintain records of BSA/AML software system changes;
• Conduct alert reviews utilizing BSA/AML software system;
• Esculating alerts to cases for further investigation to determine suspicious activity and ensure timely resolution;
• Conduct manual monitoring reviews (cash transaction reports, credit card activity, gift cards, wealth management, monetary instruments, and OFAC);
• Conduct periodic reviews of high and moderate risk clients;
• Conduct customer due diligence (CDD) and enhanced due diligence (EDD) reviews;
• Initiate and manage the suspicious activity report process detected through routine monitoring or referrals;
• Prepare and file Suspicious Activity Reports (SARs) accurately and timely;
• Conduct quality control and file Currency Transaction Report (CTR) timely;
• Maintaining the SARs filed and not filed including the supporting documentation;
• Ensure 90-day SAR reviews are maintained and conducted;
• Maintain the SAR logs for accuracy;
• Conduct Financial Crimes Enforcement Network (FinCEN) 314(a) information requests accurately and timely;
• Serve as a point of contact for 314(b) sharing;
• Assist with fraud investigations and ensure timely resolution;
• Assist in assigning and monitoring the completion of personnel BSA/AML and OFAC training;
• Assist with the BSA/AML and OFAC quality control review process;
• Assist and manage the BSA/AM and OFAC risk assessments and the OCC’s MLR;
• Assist with internal audit or exam request items;
• Assist with any project assigned by the SVP, Bank Compliance Officer.
• Stay abreast of regulatory changes within BSA/AML and OFAC compliance and communicating such information to SVP, Bank Compliance Officer to develop an action plan;
• Report quarterly to the Bank’s Compliance Committee;
• Provide ongoing support and research to Bank’s first line defense for BSA/AML and OFAC compliance related matters and questions; and
• Collaborate with FCFS to ensure an enterprise BSA/AML and OFAC approach for an overall compliance program;

Authorities

Information Access – BSA/AML Compliance Officer has authority to access, monitor and report on sensitive Bank, customer, transaction and employee information related to the position’s duties to ensure compliance with regulatory requirements

Cross Functional Relationships

Internal:

• Corporate Audit, Compliance, Legal and Risk
• Bank President and CEO
• SVP, Bank Compliance Officer
• All Line of Business Management including Senior Leadership
• Board of Directors
• Marketing
• Technology (Business Analyst)

External:

• Regulatory Agencies
• Compliance professionals at financial institutions with a view to understanding the competitive landscape, keeping abreast of compliance developments, industry developments and new products
• Industry associations

What Skills/Qualifications Do You Need?

Education

• Bachelor’s degree required; Equivalent experience may be considered

Work Experience

• 5 years' BSA banking experience required
• Experience with BSA/AML software
• CIA, CPA, or CRCM preferred
• CAMS or CFE designations strongly preferred

Knowledge, Skills and Abilities

• Demonstrate knowledge and understanding of the required elements of a BSA compliance program
• The ability to multi-task
• Public Speaking and SAR/memorandum writing skills
• Organization

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