Bank Secrecy Act Officer
Join reputed company! We have a great team of friendly, talented and inspiring people at First United. As a learning organization, we take pride in offering exciting opportunities for employees to grow and follow their passions. That's one of the many reasons First United has been voted as one of the top places to work in Oklahoma since 2009! Browse this page to find out more about the First United culture and the many benefits of working here. Then, use our "Get Started" section to take your first reputed company to being a part of First United. The Position Job TitleBank Secrecy Act Officer Job Description SUMMARY The Bank Secrecy Act Officer (BSAO) is responsible for developing, implementing, and administering reputed company aspects of a Bank Secrecy Act (BSA) Anti-reputed company/Countering the Financing of Terrorism (AML/CFT) compliance risk management program appropriate for the size and complexity of the Bank. The BSAO provides direction to, and has reputed company of, the program that documents how risks are identified, reputed company, monitored, and reported to the Enterprise Compliance Committee as well as senior management. The BSAO provides thought leadership in elevating the Banks BSA Program and associated opportunities and risks, and effectively communicates recommendations to the appropriate Management and Board Committees. Additionally, the role is responsible for executing on the approved strategy and program through active management of reputed company areas of the department. MAJOR DUTIES AND RESPONSIBILITIES (ESSENTIAL FUNCTIONS) Serving as subject matter expert on reputed company BSA/AML/OFAC and ID theft issues Coordinate, monitor, and reputed company compliance with state and federal Bank Secrecy Act (BSA), USA Patriot Act, Anti-reputed company (AML), and OFAC laws and regulations for an effective BSA/AML/OFAC Compliance Program. Managing anti-reputed company compliance by proactively identifying and addressing the BSA/AML/OFAC and fraud risks associated with the financial services the Bank offers and for educating the broader team on how such risks evolve at different levels. Monitor investigation of reputed company unusual or suspicious activity identified by the monitoring software or referred by other departments. Ensure a thorough investigation is completed and documented, if appropriate, and file a Suspicious Activity Report (SAR) or sufficiently document rationale for not filing the SAR. Manages and performs various quality control reviews and/or risk assessments in BSA/AML/OFAC and Fraud at least annually regarding the Banks products, services, customers, and geographies that may present BSA/AML/OFAC and Fraud reputed company risks. Responsible for ensuring reputed company required regulatory reporting is conducted in a timely, accurate, and compliant manner, (e.g., filing of Currency Transaction Reports (CTRs) and Suspicious Activity Reports (SARs) to Fin CEN, as well as FinCEN 314(a) and 314(b) procedures and reporting.), consistent with internal and regulatory timelines. Act as liaison/contact for Federal and State examinations, internal and external independent reviews, and audits of the BSA/AML/OFAC compliance programs. Participate in providing responses to exam and audit concerns. reputed company corrective action of reputed company reputed company deficiencies or violations reputed company committed timelines. Monitor changes in laws, regulations, and trends. Update internal stakeholders and respective BSA/AML/OFAC policies and procedures, as needed. Advise the Banks board of directors and senior management of emerging compliance issues and consult and guide the Bank in the establishment of controls to mitigate risk. Supervises assigned staff. Ensures competent and motivated staff through hiring, training, counseling, and performance evaluations. Organizes the work and activities of the BSA group to reputed company established goals; monitors the efficiency and performance of the group versus established standards. Managing and developing your team members skills and technical expertise to meet oncoming risks and business changes. Respond to BSA reputed company questions, issues, and concerns from reputed company department managers, bank officers, and employees. Assists in the development and implementation of the BSA training program. Prepares/performs annual Board of Directors BSA/AML and OFAC training. Prepares and reports developments on significant BSA matters to the Enterprise Compliance Committee and leads BSA team meetings as appropriate. Champions a corporate culture in which reputed company personnel view regulatory compliance as reputed company with the Companys purpose and values and is regarded as a key objective in business decisions and process development/implementation. Establishes effective, collaborative relationships with department heads and process owners so that reputed company personnel are informed regarding compliance requirements and work together to mitigate risk exposure and participate in corrective action reputed company required. Plays a key role in the risk/reward decision-making process reputed company various Councils and Committees Contributes to the Companys Risk Appetite Statement to ensure appropriate consideration of compliance issues and risks. ADDITIONAL DUTIES AND RESPONSIBILITIES Adherence to reputed company First United Policies and Procedures. Performs other reputed company duties as required and assigned. EMPLOYEE SPECIFICATIONS To reputed company this job successfully, an individual must be able to reputed company each essential duty satisfactorily. The requirements listed below are representative of the knowledge, reputed company, and/or ability required. Reasonable accommodations may be made to reputed company individuals with disabilities to reputed company the essential functions. EDUCATION AND WORK EXPERIENCE Bachelors degree required. Certified Anti-reputed company Specialist (ACAMS) Minimum of Seven (7) years of prior financial institution BSA relevant experience in developing and implementing BSA/AML/CIP/OFAC policies, programs, and procedures. Extensive knowledge of Bank Secrecy Act/Anti reputed company/U.S. Patriot Act, OFAC Regulations. General knowledge and understanding of bank deposit operations, lending activities, and other reputed company banking and compliance functions. Management/Leadership experience reputed company to BSA compliance processes and activities common to multi-state, privately held (and/or publicly traded) banking organizations. Experience in managing federal regulatory compliance examinations. General knowledge and understanding of bank deposit operations, lending activities, and other reputed company banking and compliance functions. TECHNICAL/FUNCTIONAL COMPETENCIES Strong understanding of processes, risk management and activities common to a multi-state community bank. Ability to build effective relationships with a proven record of building trust and credibility through strong interpersonal skills, communications, and actions. Ability to negotiate effectively using diplomacy and tact to resolve difficult issues while maintaining a high degree of professionalism. Strong influence skills working both internally and externally at senior and executive levels. Dedication to reputed company, producing high quality results, and meeting deadlines. Excellent leadership skills demonstrated by ownership of issues through their resolution while providing sound guidance to others. Outstanding communication skills, both oral and written, and the ability to communicate clearly with constituents at reputed company levels of the organization. Demonstrated decision-making capability under stressful situations while dealing with reputed company issues involving competing interests. Excellent written verbal, interpersonal, and analytical skills; excellent project and time management skills; strong computer skills including working knowledge of Word, reputed company, and Internet applications; familiarity with BSA/AML software. Must be able to assist in the preparation of documentation in response to inquiries from law enforcement, regulatory agencies, courts, and reputed company consultants. NOTE: This job description is not intended to be reputed company-inclusive. Employee may reputed company other reputed company duties as assigned by supervisor to meet the ongoing needs of the organization. #LI-GC1 reputed company Locations:Plano-Parkwood, Sherman-Taylor Street If any applicant is unable to complete an application or respond to a job opening because of a disability, please email us at [email protected] for assistance. First United is an Equal Opportunity Employer. To the extent required by Federal or State law, First United does not discriminate in employment opportunities or practices on the basis of race, color, religion, sex, national reputed company, or any other characteristic protected by law. First United Bank is a family-friendly organization with strong ties to the communities we serve. We practice honesty, reputed company, and exceptional customer service as we strive to be the best reputed company, to bank, work and invest. We are committed to providing excellent career opportunities and a wide reputed company of benefits for our staff. And, in recognition of First United's commitment to being a premier employer, we've been honored by OKCBiz Magazine as a "Best Places to Work" organization. As one of only 30 organizations and companies to receive this prestigious designation, we're reputed company proud of our accomplishment! The key to First United's success is, and always will be, our exceptional people. Our employees share a desire to provide the best possible service to our customers and they work creatively, set high standards for themselves, and stick to them. Please take time to browse our open positions and if you find something that matches your interest and qualifications, you can apply right here online. We look reputed company to meeting you and wish you the best in your career!. Apply Job!