Compliance Specialist

Description:

If you are looking for an organization that places value on what you can bring to the table, then look no further! As a small community bank, our differentiator is our people! If you are looking to make an impact, have fun while working hard, being creative and thinking outside the box, celebrating successes, and growing professionally, then read on!

American National Bank- Fox Cities strives to maintain a culture of excellence with high standards and values, along with opportunity for growth and involvement for employees. We pride ourselves on our core values (servant leadership, curiosity, growth, listening, and persistence), family-like culture, community involvement, competitive pay and benefit packages, 401k, paid vacation and holidays, and much more!

We are currently looking to hire our next amazing employee!

Position: Compliance Specialist

Experience: 5+ years of banking/financial services experience (preferably in a compliance or auditing role); or a combination of education and experience. Knowledge of compliance, regulations, guidelines, and Verafin, strongly preferred.

Work Hours: Full-time, Monday – Friday with an occasional before/after hours event attendance requested.

Work Location: In-office

Requirements:

A Day in the life: The Compliance Specialist is responsible for assisting in delivering an effective, proactive compliance program that ensues the bank maintains the required level of compliance set forth by its regulatory agencies. Strong focus and emphasis on Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) as this position serves as a backup to the BSA/Security Officer role and will perform duties involved with high-risk transaction monitoring. The Compliance Specialist share in the responsibility of all aspects associated with the National Multistate Licensing System (NMLS) registry and renewals including but not limited to vendor management, document management, record retention and document destruction, credit bureau reporting and disputes. In addition, this position will assist the VP Compliance Officer in performing compliance risk assessments, monitoring regulatory changes, bank policies, regulatory compliance monitoring, and bank-wide compliance training.

Primary Duties and Responsibilities

The following duties are normal for this position. These are not to be construed as exclusive or all-inclusive. Other duties may be required and assigned.

• Embraces the bank’s core values of servant leadership, persistence, curiosity, growth and listening.
• Keep up-to-date on changes to compliance requirements and assist in ensuring processes are in place to adequately comply. Maintain current, accurate, and organized records for documentation of regulatory compliance.
• Maintain a thorough understanding of the Bank’s BSA/AML, OFAC, and 314(a) requirements. Collect information, follow-up and prepare Currency Transaction Reports (CTRs); monitor completion of CDD, CIP and KYC performed by the retail team; perform enhanced due diligence of high-risk customers and products.
• Identify and collaborate with the Vice President Compliance/BSA Officer regarding the bank’s BSA/AML and OFAC risk assessments. Serve as the back-up to the BSA/AML and OFAC Officer.
• First contact for internal BSA/AML and OFAC questions. Coordinate with departments regarding the creation, updates, and/or revisions to BSA/AML/OFAC policies and procedures. Conduct any new hire and ongoing BSA/OFAC training.
• Daily monitoring and maintenance of Verafin (BSA/AML software) alerts including, Account Fraud, BSA/AML, Watch List (OFAC), Potential CTRs, SARs, High Risk Accounts. Review and investigate cases and alerts and submit for review to VP Compliance Officer; assist with investigations, follow up, resolve and close cases accordingly.
• Perform daily reviews, monitoring and analysis of various reports, logs, and transaction data to identify trends, unusual activity, and monitor large currency activity; determine if transactions are suspicious in nature and work with VP Compliance for resolution.
• Review and audit for Retail: New Account Documentation, Check Holds, and Beneficial Ownership tracking. Works closely with VP Retail Leader and Branch Lead Review regarding findings and suggest any necessary corrections and provide potential training opportunities.
• Partners on a regular basis with Deposit Operations/Retail as it relates to fraud prevention, monitoring, and recovery efforts, Reg E claims, and customer complaints.
• Assist with preparation for audits and exams and serve as a point of contact for auditors and examiners as needed. Assist in resolution of audit findings - whether they are identified internally, externally, or through our own internal control reviews. Communicate with department managers regarding regulatory compliance, audit findings, and recommendations for compliance. Ensure compliance exceptions are adequately addressed by management and resolved timely.
• Prepare and/or assist VP Compliance Officer for any upcoming request lists which include but are not limited to reports, ongoing audits/annual reviews, exams, and related follow-up. Contribute to compliance reports, material preparation, and policy maintenance that are presented to Management, Senior Leadership, and Board of Directors.
• Completes and attends training sessions recommended and/or required.
• Follows all bank policies, including but not limited to the Bank’s Information and Security policy.

Additional Duties and Responsibilities

• Extensive knowledge of bank policy, procedure, products and regulations, compliance required
• Actively participates in bank functions and community activities as a representative of the bank
• Performs other job-related duties as assigned by the VP Compliance Officer to support the goals of the Bank.
• Maintains up to date knowledge and develop professionally on a continuing basis. Participate in internal and external training and development opportunities as required
• Performs other duties as assigned or requested

If you enjoy working with a small team where you can help foster an environment of learning, creativity, and thinking outside the box; make a difference in the company, then we invite you to apply for our open position to learn more. We are proud to be an equal opportunity employer. We embrace diversity and are dedicated to creating an inclusive environment for all employees regardless of actual or perceived race, creed, color, religion, alienage or national origin, ancestry, citizenship status, age, disability or handicap, sex, marital status, veteran status, sexual orientation, genetic information, arrest record, or any other characteristic protected by applicable federal, state or local laws.

More information can be found on our careers page of our website at: www.anbfc.bank/why-we-exist/careers/