BSA Specialist at First Carolina Bank in Rocky Mount, North Carolina

Job Description:

*Position Available Due To Bankwide Growth*
*Onsite Position*


Position Purpose:
· This position provides support to the Chief Compliance Officer/BSA/ISO in implementing and maintaining the Bank's BSA and Compliance Program to ensure conformity and adherence with all applicable federal and state banking laws and regulations.

Primary Responsibilities:
· Review and work appropriate alerts in the Yellow Hammer system.
· Coordinate and monitor the Bank's day-to-day compliance with BSA requirements.
· Monitor daily and monthly reports for suspect transaction activity.
· Perform thorough manual account reviews, enhanced due diligence on Bank clients and maintain corresponding supporting documentation files.
· Analyze currency transaction data and complete CTRs electronically.
· Escalate suspected suspicious activity to BSA Officer.
· Assist with preparation of Bank specific BSA training sessions for Bank staff and board of directors.
· Assist with preparing the annual BSA activity report to the Bank's Board of Directors.
· Assist with preparing the annual Risk Assessment and BSA Program Policy.
· Participate actively in the preparation and administration of all regulatory examinations, internal audits, and the external audit process.
· Ensure compliance with all operational consumer compliance regulations.
· Assist in the development and modification of Bank Policies and Procedures related to operations and regulatory compliance for BSA/AML.
· Monitors and reviews Customer Information Profile (CIP) forms for approval
· Monitors and tracks the New Account Report and other maintenance documents
· Provide backup support to other Compliance team members
· Remain current with regulatory updates
· Other duties as needed

Authority, Impact, Risk:
· Reputational and financial risks due to non-compliance
· Lack of understanding and compliance on the part of the staff due to improper or non-existent training and incomplete/missing policies and procedures

Key Relationships:
· Routine interaction with Chief Compliance Officer, Internal Audit Manager, Chief Operating Officer, CFO, Managing Director of Operations and IT, and all impacted staff
· Agency regulators (both State and Federal)

Managerial Accountability:
· N/A

Working Conditions:
· Ability to prepare concise reports
· Ability to deliver information in a confident, informed manner
· Time management to accommodate multiple deadlines, various reporting hierarchy's and competing schedules
· Ability to deliver training on numerous regulatory subjects in an informative style that ensures understanding of the subject matter
· Ability to accurately analyze and communicate reports and findings
· Ability to work in fast paced environment

Time Allocation:
· Determined by BSA and Compliance self-assessments and internal/external audit results and Regulatory examination and Board schedules

Job Specifications:
Position adheres to confidentiality policy, code of ethics and knowledge of Bank Secrecy Act and best practices and other pertinent Regulatory laws and regulations.
Required:
· Bachelor's degree in business, finance, accounting, or a related field; OR 2 years' experience in Banking or other financial services industry
· Knowledge of banking regulations (both State and Federal)
· Strong communication skills (written and verbal)
· Detail oriented
Preferred:
· Prior Banking or Regulatory experience
· Familiarity with required BSA documentation
· Understanding the impacts/finding and appropriate remediation

Risk Management Requirements:
Understands and adheres to Workplace Policies, Code of Conduct, privacy, and information security guidelines. Understands and adheres to Anti-Money Laundering, Bank Secrecy Act, and Compliance with the USA PATRIOT Act policies and procedures applicable to position, completing any supporting requirements within defined timeframes. Acts within authorized limits and delegated authorities and role applicable policies and procedures. Follows processes and controls to protect shareholder interests. Mitigates risk to the bank and customers by following all applicable security procedures.

Equal Opportunity Employer including Veterans/Disabilities