BSA Officer

Native American Bank N A•Denver, CO

21h•$75,000 - $92,000•Hybrid

About The Position

Native American Bank is a one-of-kind institution that is an Agent of Change for Native Communities. At our core, we are committed to the vision and mission of the Bank. We believe our employees are our greatest asset, and we are at our best through teamwork. The Bank Secrecy Act (BSA) Officer is appointed annually by the Board of Directors of the Bank. The Bank Secrecy Act (BSA) Officer’s role is to carry out the requirements of Subchapter II of Chapter 53 of Title 31, United States Code, and the implementing regulations promulgated there under by the United States Department of Treasury, Regulation 31 CFR. This role is only open to candidates currently residing within a 45 miles radius from Denver, CO at this time.

Requirements

Understanding of legislative and regulatory process
Familiarity with all functional areas of banking
Comprehensive understanding of general banking compliance regulations and laws
Comprehensive understanding of general banking operations activities, products, and services
Ability to proactively identify and assess potential concerns and risks.
Ability to resolve issues, work independently, and meet deadlines.
Ability to communicate effectively with staff at all levels.
Basic knowledge of Bank administration, lending and operations products and services; related state and federal laws and regulations and other Bank operational policies and procedures.
Effective verbal, written and interpersonal communication skills with the ability to instruct others, train personnel, write reports, correspondence, and procedures, and communicate clearly with clients and staff.
College degree, or equivalent banking experience.

Nice To Haves

CBAP, CFAP and/or CRCM certification(s)

Responsibilities

Responsibility for compliance with the Bank Secrecy Act, Office of Foreign Assets Control (OFAC), Anti-Money Laundering (AML) requirements and Customer Identification Program (CIP) administration responsibilities, as mandated by the USA Patriot Act.
Develop and/or provide the continued administration of a program reasonably designed to assure and monitor compliance with recordkeeping and reporting requirements. This BSA program shall be reduced to writing and approved by the Board of Directors annually, or as needed.
Provide a system of internal controls to assure ongoing compliance and shall also: establish policy and process as it relates to customer exemptions and currency transaction reporting.
Provide independent testing for compliance to be conducted by the financial institution personnel or an outside party.
Coordinate BSA training for bank staff and the Board of Directors, appropriate to those individual responsibilities. CEO/President and Board of Directors.
Maintain current knowledge of federal and state laws and regulations, along with the Bank’s policies and procedures.
Perform daily review, monitoring, and analysis of various reports, logs, and transaction data to identify trends, unusual activity, and monitor large currency activity; determines if transactions are suspicious in nature, balance fluctuations, cash structuring, loan payments, wire/ACH transfers, online/mobile banking, new account reviews and monitoring of high- risk accounts and entities.
Maintain current knowledge of the Bank Secrecy Act and all related anti-money laundering OFAC regulations.
Assist in the development, coordination, and facilitation of training programs to educate bank personnel about BSA and Compliance requirements and procedures.
Development and implementation of bank forms, notices, procedures and monitoring processes for compliance with the Bank Secrecy Act.
Compliance with the 314(a) and 314(b) responsibilities.
Monitoring account activity for suspicious patterns of activity, conducts suspicious activity report investigations, high risk customer/account reviews and the filing of Suspicious Activity Reports (SARs)
New Account consumer and commercial reviews and risk profiles.
Performs customer and transaction analytics to identify trends and possible suspicious activity.
Review and implementation of BSA/AML and Compliance risk assessments and policies.
Research on regulatory issues into the BSA/AML and Compliance questions from Bank staff, using legal and regulatory reference materials and agencies.
Special projects and tasks for the BSA/AML and Compliance as directed.
Preparation and coordination of independent and regulatory examinations.
Performs other related duties as necessary or assigned.