Regulatory Compliance and AML/BSA Officer
3.
3 Norwich, CT Norwich, CT Full-time Full-time $76,460 - $127,433 a year $76,460 - $127,433 a year JOB TITLE:
Regulatory Compliance and AML/BSA Officer REPORTS TO:
SVP, Chief Operations Officer DEPARTMENT:
Compliance Not Remote Position
Summary:
The Regulatory Compliance and AML/BSA Officer provides management and direction relative to the Bank's regulatory compliance program and oversight of the internal audit program.
This position will participate in projects to implement new, or improve existing, products, services, practices and procedures; and, will also be involved in internal and regulatory compliance examinations and audits, including gathering information, documenting issues, and tracking, and implementing resolutions.
Responsible for quality control reviews, audits, and monitoring specific to BSA, USA Patriot Act, Currency Transaction Reporting, Anti-Money Laundering, OFAC, Customer Information Program and FDICIA Internal Controls.
Responsibilities:
Serves as the Bank's BSA Officer and oversees the bank's BSA/AML and OFAC program, and ensures compliance with all related policies, procedures and regulations.
Conducts annual risk assessments to ensure alignment with bank's risk practices.
Participates in the review of questionable activity reports and ensures they are properly handled and reports filed accordingly.
Manages the regulatory compliance function, including development of compliance training programs and oversees the Bank's Compliance Committee.
Monitors and reviews regulatory and legislative changes, such as in the Federal Register; as well as in preparing the organization for regulatory changes and following up with appropriate areas to ensure required changes are implemented.
Develop or assist in the development of compliance training programs Administer the Bank's AML/fraud detection software Verafin including the monitoring, evaluation and maintenance of assigned risk parameters; participates in monitoring or conducting reviews to ensure annual system certification.
Conduct due diligence compliance reviews of marketing ads, forms and disclosures.
Assist in the revision and/or design of forms, products, website, promotions, or programs to ensure compliance with State and Federal regulations.
Provide support to the Chief Operations Officer on the development and maintenance of internal audit and compliance risk assessments on required regulations for rating and evaluation purposes.
Serves as the central coordinator and repository for scheduling internal audits and reviews.
Track management action plans and findings through to resolution within defined deadlines.
Assist compliance examiners and auditors, ensuring that information requests are made available to them.
May participate in internal audits on selected policies/procedures and/or in the preparation of the reporting of audits.
Perform/conduct internal compliance monitoring work program.
Draft clear, concise reports of the results of monitoring and testing projects for Management's use.
Manage and oversee the customer due diligence annual process, including exemptions and high-risk customers and in the preparation and distribution of annual Privacy Notice mailing file for Dime Bank and Dime Loan Servicing Corporation.
Review, distribute, and archive compliance updates and resource materials.
Maintain compliance resources and procedures on the bank's intranet.
Participate in the development and distribution of department reports and training for management or board presentations.
Maintain and administer the Bank's Complaint Log, provide management reports and ensure appropriate resolutions that are complete and compliant.
Stay abreast of the regulatory environment and expectations through peer networking and educational programs presented by regulatory agencies, law firms, professional associations, etc.
, and any other internal or external source.
Accept and complete other duties as may be required from time to time by management.
Knowledge, Skills, Requirements:
Requires a Bachelor's degree in a related field of study or parallel experience in bank compliance position.
Strong knowledge of regulatory compliance, BSA/AML practices and audit functions as well as:
Initiative, and ability to independently monitor and manage projects, schedule and prioritize own work assignments to meet expected timeframes Communicate effectively with all levels of employees and examiners/auditors- both orally and in writing, and establish and maintain effective working relationships Must be proficient in use of computer programs, such as MS Office, anti-money laundering software, MS Internet Explorer, and the bank's Intranet Must maintain confidentiality of bank and customer information Possess strong attention to detail, accuracy, organizational, analytical, critical thinking and problem solving skills Bachelor's degree in a related field of study or the equivalent work experience, preferably three or more years in a compliance-specific role.
Certified Regulatory Compliance Officer (CRCM) designation, or the ability to attain Physical Demands and Condition Requirements:
General office environment Frequently needs to lift, carry or otherwise move files, binders and other documents for purposes of compiling records for audit, filing, or record retention purposes; items may weigh up to 25 pounds.
Typically bends, stoops, and/or reaches on a regular basis in gathering or storing records.
Equipment Used:
General office equipment, i.
e.
calculator, photocopier, etc.
Computer ADA:
The employer will make reasonable accommodations in compliance with the Americans with Disabilities Act of 1990.
Job Type:
Full-time Pay:
$76,460.
00 - $127,433.
00 per year
Benefits:
401(k) 401(k) matching Dental insurance Employee assistance program Health insurance Health savings account Paid time off Tuition reimbursement Vision insurance Physical setting:
Office Schedule:
Day shift Ability to commute/relocate:
Norwich, CT 06360:
Reliably commute or planning to relocate before starting work (Required)
Experience:
Compliance management:
3 years (Required) Management:
5 years (Required) AML/BSA practices:
3 years (Required) Work Location:
In person.
Estimated Salary: $20 to $28 per hour based on qualifications.
3 Norwich, CT Norwich, CT Full-time Full-time $76,460 - $127,433 a year $76,460 - $127,433 a year JOB TITLE:
Regulatory Compliance and AML/BSA Officer REPORTS TO:
SVP, Chief Operations Officer DEPARTMENT:
Compliance Not Remote Position
Summary:
The Regulatory Compliance and AML/BSA Officer provides management and direction relative to the Bank's regulatory compliance program and oversight of the internal audit program.
This position will participate in projects to implement new, or improve existing, products, services, practices and procedures; and, will also be involved in internal and regulatory compliance examinations and audits, including gathering information, documenting issues, and tracking, and implementing resolutions.
Responsible for quality control reviews, audits, and monitoring specific to BSA, USA Patriot Act, Currency Transaction Reporting, Anti-Money Laundering, OFAC, Customer Information Program and FDICIA Internal Controls.
Responsibilities:
Serves as the Bank's BSA Officer and oversees the bank's BSA/AML and OFAC program, and ensures compliance with all related policies, procedures and regulations.
Conducts annual risk assessments to ensure alignment with bank's risk practices.
Participates in the review of questionable activity reports and ensures they are properly handled and reports filed accordingly.
Manages the regulatory compliance function, including development of compliance training programs and oversees the Bank's Compliance Committee.
Monitors and reviews regulatory and legislative changes, such as in the Federal Register; as well as in preparing the organization for regulatory changes and following up with appropriate areas to ensure required changes are implemented.
Develop or assist in the development of compliance training programs Administer the Bank's AML/fraud detection software Verafin including the monitoring, evaluation and maintenance of assigned risk parameters; participates in monitoring or conducting reviews to ensure annual system certification.
Conduct due diligence compliance reviews of marketing ads, forms and disclosures.
Assist in the revision and/or design of forms, products, website, promotions, or programs to ensure compliance with State and Federal regulations.
Provide support to the Chief Operations Officer on the development and maintenance of internal audit and compliance risk assessments on required regulations for rating and evaluation purposes.
Serves as the central coordinator and repository for scheduling internal audits and reviews.
Track management action plans and findings through to resolution within defined deadlines.
Assist compliance examiners and auditors, ensuring that information requests are made available to them.
May participate in internal audits on selected policies/procedures and/or in the preparation of the reporting of audits.
Perform/conduct internal compliance monitoring work program.
Draft clear, concise reports of the results of monitoring and testing projects for Management's use.
Manage and oversee the customer due diligence annual process, including exemptions and high-risk customers and in the preparation and distribution of annual Privacy Notice mailing file for Dime Bank and Dime Loan Servicing Corporation.
Review, distribute, and archive compliance updates and resource materials.
Maintain compliance resources and procedures on the bank's intranet.
Participate in the development and distribution of department reports and training for management or board presentations.
Maintain and administer the Bank's Complaint Log, provide management reports and ensure appropriate resolutions that are complete and compliant.
Stay abreast of the regulatory environment and expectations through peer networking and educational programs presented by regulatory agencies, law firms, professional associations, etc.
, and any other internal or external source.
Accept and complete other duties as may be required from time to time by management.
Knowledge, Skills, Requirements:
Requires a Bachelor's degree in a related field of study or parallel experience in bank compliance position.
Strong knowledge of regulatory compliance, BSA/AML practices and audit functions as well as:
Initiative, and ability to independently monitor and manage projects, schedule and prioritize own work assignments to meet expected timeframes Communicate effectively with all levels of employees and examiners/auditors- both orally and in writing, and establish and maintain effective working relationships Must be proficient in use of computer programs, such as MS Office, anti-money laundering software, MS Internet Explorer, and the bank's Intranet Must maintain confidentiality of bank and customer information Possess strong attention to detail, accuracy, organizational, analytical, critical thinking and problem solving skills Bachelor's degree in a related field of study or the equivalent work experience, preferably three or more years in a compliance-specific role.
Certified Regulatory Compliance Officer (CRCM) designation, or the ability to attain Physical Demands and Condition Requirements:
General office environment Frequently needs to lift, carry or otherwise move files, binders and other documents for purposes of compiling records for audit, filing, or record retention purposes; items may weigh up to 25 pounds.
Typically bends, stoops, and/or reaches on a regular basis in gathering or storing records.
Equipment Used:
General office equipment, i.
e.
calculator, photocopier, etc.
Computer ADA:
The employer will make reasonable accommodations in compliance with the Americans with Disabilities Act of 1990.
Job Type:
Full-time Pay:
$76,460.
00 - $127,433.
00 per year
Benefits:
401(k) 401(k) matching Dental insurance Employee assistance program Health insurance Health savings account Paid time off Tuition reimbursement Vision insurance Physical setting:
Office Schedule:
Day shift Ability to commute/relocate:
Norwich, CT 06360:
Reliably commute or planning to relocate before starting work (Required)
Experience:
Compliance management:
3 years (Required) Management:
5 years (Required) AML/BSA practices:
3 years (Required) Work Location:
In person.
Estimated Salary: $20 to $28 per hour based on qualifications.
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