Compliance Support

The Compliance Support assists in the administration and implementation of various assignments supporting the Compliance Program and all aspects of the Bank Secrecy Act compliance program under the guidance of the BSA / Compliance Officer. This position performs various quality controls reviews and monitoring pertaining to Compliance Reports, the Bank Secrecy Act, USA Patriot Act, Anti-Money Laundering Program, OFAC, and Customer Identification Program compliance using industry standard and regulatory guidance to ensure the Bank’s compliance efforts are maintained on a daily basis. Advises the BSA / Compliance Officer of emerging compliance issues and assists the Bank in the establishment of controls to mitigate risks. Assists the BSA / Compliance Officer in ensuring department activities run smoothly and efficiently.

Supervisory Responsibilities None

Duties/Responsibilities

• Maintain current knowledge of all federal and state laws and regulations, along with the Bank’s policies and procedures.
• Monitors daily reports of all file maintenance of the Operations department for the Bank.
• Daily reviews and file maintains the work of the Operations Department for accuracy and compares work to the reports. This will include new accounts, any file maintenance, and IRA reports, etc.
• Will ensure that all documentation involving file maintenance, including customer’s identification, is uploaded in a timely manner.
• Will work the Operations staff on any errors or missing documentation.
• Will notify the BSA Officer/Compliance Officer of errors found.
• Will work with the training department if additional training is found to be needed.
• Will back up the BSA Analyst when needed. This will include performing daily reviews, monitoring, and analysis of various reports, logs, and transaction data to identify trends, unusual activity, and monitor large currency activity; determines if transactions are suspicious in nature, such as kiting, significant changes in balances, cash structuring in deposits, loans payments, and certificate of deposit purchases, wire or ACH transfers, monetary instrument sales, new account openings, etc.
• Maintains current knowledge of the Bank Secrecy Act and all related anti-money laundering and OFAC regulations.
• Assists in the compliance with 314(a) responsibilities.
• Assists in the monitoring of account activity for suspicious patterns and activity, conducts suspicious activity report investigations, high risk customer/account reviews, and recommends when to file Suspicious Activity Reports (SARs). May assist in the filing of the SARs when necessary.
• Assists with New Account Business Risk Profiles.
• Assists in the preparation and submission of all Currency Transaction Reports (CTRs) within required timeframes.
• Performs customer and transaction analytics to identify trends and possible suspicious activity.
• Assists in the administration of the automated BSA/AML/Fraud system, researches and resolved alerts and conducts investigations within the system.
  
  
  

Compliance Requirements

• Maintains a proficient knowledge of all applicable rules and regulations.
• Provides assistance to the BSA/AML Compliance when needed.
• Assists in the research of regulatory issues to compliance questions from Bank personnel, using legal and regulatory reference materials, regulatory agencies, as appropriate.
• Assists in special projects and tasks for the department as directed.
• Assists in the development, revision or reviews of bank policies, procedures, disclosures, notices, and forms to comply with legislative and regulatory changes or new requirements.
• Assists with self-assessments as needed. May assists in the preparation and coordination of independent audits and regulatory examinations.
  
  
  

Bank Secrecy Act Requirements Responsible for adhering to the reporting and recordkeeping requirements of the Bank Secrecy Act and Anti-Money Laundering rules and regulations, observing economic sanctions by prohibiting transactions as specified by the Office of Foreign Asset Control (OFAC), following the bank’s customer identification program (CIP) rules, observing all Bank policies and procedures relating to BSA, OFAC, CIP, and related acts, and participation in ongoing related training.

Required Skills/Abilities

• Understanding of legislative and regulatory processes.
• Familiarity with all functional areas of banking.
• Excellent oral and written communication skills.
• Comprehensive understanding of general banking compliance regulations and laws
• Comprehensive understanding of general banking operations activities, products, and services.
• Ability to proactively identify and assess potential concerns and risks.
• Ability to resolve issues, work independently, and meet deadlines.
• Ability to communicate effectively with staff at all levels.
• Basic knowledge of Bank administration, operations products and services; related state and federal laws and regulations and other Bank operational policies and procedures.
• Effective verbal, written, and interpersonal communication skills with the ability to instruct others, train personnel, write reports, correspondence and procedures, and speak clearly to customers and employees.
• Good organizational and time management skills.
  
  
  

Education and Experience

• High school diploma or two years general banking or regulatory agency experience, with an emphasis in compliance and/or operations.
  
  
  

Physical Requirements

• Must be able to lift up to 50 pounds at times.
• May need to stand for long periods of time.
  
  
  

Qualifications Must meet FDIC standards and Bank requirements; must comply with all company policies, including its handbook, and maintain the ability to meet like standards and requirements throughout term of employment.

Pay Rate $20-28/hour

Benefits

• Paid time Off
• Sick Time Off
• Medical, Dental, and Vision
• $30,000 Employer Paid Life Insurance Policy
• Voluntary Life, Short Term and Long Term Disability
• Flexible Spending Account (FSA), Health Savings Account (HSA) Must Enroll into Medical Plan for Eligibility, and Health Reimbursement Account (HRA)
• 401k
• Employee Stock Ownership Plan
  
  
  

Affirmative Action / EEO Statement High Country Bank is an Equal Opportunity Employer that does not discriminate on the basis of actual or perceived race, creed, color, religion, alienage or national origin, ancestry, citizenship status, hair texture, hair type, or a protective hairstyle that is commonly or historically associated with race, 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. Our management team is dedicated to this policy with respect to recruitment, hiring, placement, promotion, transfer, training, compensation, benefits, wage rates, pay practices, employee activities and general treatment during employment. High Country Bank will endeavor to make a reasonable accommodation to the known physical or mental limitations of qualified employees with disabilities unless the accommodation would impose an undue hardship on the operation of the Bank. If you need assistance to perform your job duties because of a physical or mental condition, please let the VP of Human Resources know. High Country Bank will endeavor to accommodate the sincere religious beliefs of its employees to the extent such accommodation does not pose an undue hardship on the operation of the Bank. If employees wish to request an accommodation, they should contact the VP of Human Resources.

Any employees with questions or concerns about this policy or who experiences or observes any violation of this policy should report it immediately to the VP of Human Resources. High Country Bank prohibits any form of retaliation against individuals who, in good faith, report such matters or participate or cooperate in their investigation. If employees feel they have been subjected to any such retaliation, they should contact the VP of Human Resources. Violation of this policy including any improper retaliatory conduct will lead to discipline, up to and including termination. All employees must cooperate with investigations under this policy.