Deputy Chief Compliance Officer

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Deputy Chief Compliance Officer
The candidate will do a daily review of BSA reports and large cash transaction reports, kiting suspects, etc., for the purpose of detecting suspicious activity. Daily review and submission of CTRs and perform annual review of CTR exempt customers. Create, review, and submit SARs and document SARs considered but not filed. Daily track, review, and archive CIPs and Beneficial Ownership documentation. Daily designate risk-rating on new accounts and perform quarterly reviews of high-risk account statements. Assist with annual policy review for Board Approval. Perform annual risk assessment reviews for Board Approval – BSA/OFAC/MRB. Participate in BSA training on an ongoing basis. Annually develop and implement BSA/AML staff training/new hire training. Advise Senior Management and bank personnel of emerging BSA/AML/KYC/CIP trends and BSA Compliance issues. Supervise 314(a) list reviews and responses. Maintain and audit the review tracking log. Gather information for audits and exams and assist throughout the process. Respond to findings. Organize and maintain computer documentation of the above and retain it according to retention schedules. Make recommendations to a supervisor about methods to improve BSA processes. Work with customers, auditors, examiners, and senior officers/directors of the bank in a manner that will enhance the overall compliance function and create a positive image of the bank. Identify potential areas of compliance vulnerability, and risk, and devise appropriate controls and other mitigation. Provide reports regarding the Banks' senior management and Boards of Directors. Undertake continuous learning and self-study to stay abreast of changing regulations and emerging issues. Work with other internal units, as appropriate, to design and deliver compliance education for new and existing employees. Work collaboratively with the Legal Department and outside counsel, as necessary. Respond to customer complaints forwarded by regulatory authorities and legislators. All other duties are assigned by the Manager.

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