Compliance/BSA Assistant
801 Spring Street
Waynesboro, MS
A Compliance/BSA Assistant provides administrative support within the Bank's compliance department to ensure that Bank Secrecy Act (BSA) requirements and other applicable regulatory standards are met through monitoring, review, investigation, audit and reporting. Such work requires the ability to understand the various rules and regulations pertinent to this department and apply knowledge appropriately. This position and that of the Compliance department as a whole relies on the keen awareness of the rules of confidentiality.
QUALIFICATIONS THOSE WHO MEET MINIMUM QUALIFICATIONS CAN BE GIVEN CONSIDERATION FOR EMPLOYMENT.
- Experience in banking compliance, fraud, audit or operations would be ideal. Outside of banking, transferable skills could come from roles involving regulatory or policy oversight, a legal background, or jobs that include due diligence.
- Must have the ability to work independently according to Bank policy and procedures but know when to seek guidance.
- Essential skills include analytical, organization, the ability to focus on detail in documents or reports and strong verbal and written communication skills.
- Required skills include the ability to comprehend records and documents pertinent to this department and to meet daily deadlines.
- Moderate knowledge of Word and Excel would be helpful. Familiarity with Horizon would be a plus.
RESPONSIBILITIES Include daily monitoring of reports and activity related to BSA and suspicious activity; monitoring incoming and outgoing wire transfer activity and review exceptions, review and monitor Reg E claims and documentation; conduct monthly reviews of the Monetary Instrument Log, Cashier's Check Log, Money Order Log, IOLTA accounts and lottery accounts; assist with suspicious activity research and investigations; act as an information resource to staff and management regarding compliance and BSA matters; assist with BSA and compliance audits, examinations and independent reviews. Other responsibilities could include serving as a back-up review of CTRs and Monetary Instrument Logs, back-up monitoring of 314(a), assist with annual MSB reviews and Compliance/BSA special projects and assist bank staff as needed. All actions require strict accordance with applicable laws, regulations and Bank policies.
PRIMARY OBJECTIVE To ensure the Bank's daily operations align with BSA and other compliance rules, support investigations, maintain accurate records and contribute to the culture of compliance.
EXPECTATIONS To perform all duties and requirements as assigned and to follow all safety rules and banking regulations, policies and practices. Regular attendance according to the work schedule (8 a.m. to 5 p.m. weekdays) is necessary and essential as is receiving detailed information verbally, in person and by phone. Extensive reading and computer use is expected the majority of the time.
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