General Summary
Under general supervision, this position reviews and monitors activity pertaining to the Bank Secrecy Act and Anti-Money Laundering Program using industry standard and regulatory guidance to ensure the bank’s compliance with BSA/AML regulatory requirements is maintained on a daily basis.
Principal Duties and Responsibilities
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Responsible for staying up to date on and complying with all applicable banking laws and regulations as well as CNB policies and procedures.
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Maintain appropriate knowledge in laws and regulations pertaining to the Bank Secrecy Act/Anti- Money Laundering (BSA-AML), OFAC (Office of Foreign Asset Control (OFAC), Customer Identification Program (CIP).
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Assist in completing and filing Currency Transaction Reports accurately and within regulatory deadlines.
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Assist with monitoring and reviewing Phase I and Phase II CTR exemptions.
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Assist in maintaining OFAC Compliance by reviewing and disposition potential OFAC matches withing the AML software.
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Disposition BSA/AML alerts withing the BSA/AML software in a timely manner.
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Maintain, review, and monitor high risk customer accounts, money services businesses, and cash intensive businesses.
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Assist BSA Officer with audit and exam preparation.
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Assist in the preparation of the Money Laundering Risk Assessment for the OCC.
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Assist with the administration of BSA/AML software.
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Maintain regular and punctual attendance.
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Work cooperatively with others.
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Work overtime as needed.
- Perform other duties as required or assigned which are reasonably within the scope of the duties in the job classification.
Skills and Abilities Required
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Be familiar with all aspects of BSA/AML/OFAC
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Detail oriented and problem-solving skills
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Self-Motivated
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Ability to maintain good interpersonal relationships with coworkers in all bank departments.
Working Conditions
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Secure work area due to sensitive customer information
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Moderate noise level produced by bank equipment.
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Considerable effort and eyestrain from continuous computer use.
Physical Requirements
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Occasionally move office equipment, and files weighing 10+ pounds.
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Constantly operates a computer, a calculator, copy machine, printer, and other office equipment.
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Must be able to remain in a stationary position 75% of the time to process work.
