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Compliance and BSA Officer

Company: iHire
Location: Edmond
Posted on: January 12, 2022

Job Description:

Job Description

Company: Peoples Bank & Trust Co.

Job Description: Compliance and BSA Officer

Department: Compliance

Position Summary

The Compliance Officer is responsible for ensuring compliance with state and federal regulations and verifying the audit function for the bank. Responsibilities include administering all aspects of the bank's compliance activities, consulting with management on compliance issues, leading various committees, monitoring legislative/administrative developments as they pertain to the bank, performing vendor management and contract review and performing special projects as needed. Establishes risk analysis of various issues and provides this information to management. Works with the internal auditor on various control functions. Advises the Board of Directors, executive management and employees on compliance issues and guides in the establishment of controls to mitigate risk.

Essential Duties & Responsibilities

I. Compliance

  • Serves as the chairperson of the Compliance Committee.
  • Maintains inventory of current compliance laws, regulations and official commentaries/interpretations.
  • Coordinates regulatory compliance exams with internal control program.
  • Keeps policy manuals up to date and assists officers in obtaining information to create new policies.
  • Assists with updates to BSA/CTR files as needed.
  • Maintains records in compliance with the BSA Policy.
  • Processes and files CTRS.
  • Establishes and tests fair lending activity to ensure compliance.
  • Ensures bank personnel have received adequate compliance training.
    II. Audit
    • Serves as assistant chairperson of the Audit Committee.
    • Coordinates with our internal auditor and ensures the auditor's findings are adequately reported to the Board of Directors quarterly.
    • Manages external auditor relationships and helps auditor, coordinates audits for various departments. Reports findings to the Board of Directors when necessary.
    • Tracks progress on correction of audit deficiencies and reports on progress until all issues are resolved.
    • Ensures ACH compliance audit files are maintained and the ACH audit is completed annually.
    • Ensures the ACH Compliance Report is provided to the Board of Directors annually.
      III. Vendor Management
      • Completes vendor management risk assessment worksheets for new relationships, evaluates performance, reliability and red flags for ongoing relationships.
      • Independently researches new vendors for additional information about the stability and reliability, assessing all risk associated with working with the company.
      • Makes recommendation to management regarding risk associated with working with proposed company.
      • Completes annual vendor reviews of high risk vendors, evaluating history with the bank as well as current stability.
        IV. Board Reports
        • Prepares board reports accurately and timely, keeping Board Members apprised of pertinent information.
        • Research
        • Researches as needed for employees and customers; provides information requested in a timely manner.
          VI. Customer Service
          • Provides an excellent level of customer service to the bank's customers as well as to employees and vendors.
            VII. Special Projects
            • Completes special project as requested, as they relate to the bank and its functions.
              Minimum Qualifications (Education, Experience, Skills)
              • Position requires a strong working comprehension of operations activities and banking compliance.
              • Must have knowledge of current state and federal banking laws and regulations.
              • Ability to work independently, with little to no supervisory oversight.
              • Requires excellent communication skills, good time management skills and the ability to initiate and embrace change.
              • Strong interpersonal skills and the ability to communicate professionally and effectively with all levels of management.
              • Ability to deal effectively and tactfully with staff members, customers and vendors.
              • Four years of High School with emphasis in general business subjects.
              • 3-5 years of banking experience, specifically in the Compliance Area.
              • Ability to work in a fast-paced environment.
              • Strong decision making process that is consistent, thoughtful and informed, with the ability to consider alternate conclusions and actions.
              • General analytical, and organizational skills, with strong attention to detail with immediate and accurate results.
              • Ability to operate computers and a variety of office equipment.
              • Must be organized, self-motivated, multi-task and detail oriented and have working knowledge of applicable bank software, programs, policies and procedures.
                Other Duties & Responsibilities

                May perform other duties as assigned.

                Job Type: Full-time or Part-time options possible

                Salary: $48,000 - $150,000 Annual

                Bonus/Commission: No

Keywords: iHire, Edmond , Compliance and BSA Officer, Accounting, Auditing , Edmond, Oklahoma

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