Compliance Officer (BSA/CRA/Loans)


: $136,835.00 - $136,835.00 /year *

Employment Type

: Full-Time


: Financial Services - Banking/Investment/Finance

Job Ref: 12932Compliance Officer (Bank Secrecy Act [BSA] Officer/Community Reinvestment Act [CRA] Officer/Loan Review Officer)Our client is seeking a Compliance Officer (Bank Secrecy Act [BSA] Officer/Community Reinvestment Act [CRA] Officer/Loan Review Officer). As Compliance Officer you will report directly to the Board of Directors and administratively to the President/CEO. You will be responsible for the development and maintenance of the Bank's Compliance Policy and overall Compliance Program, ensuring that the Bank achieves optimum compliance with all consumer protection laws and other laws and regulations of regulatory authorities. You will administer the Bank's Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) programs, Office of Foreign Asset Control (OFAC) program and Community Reinvestment Act (CRA) program.Job Duties and ResponsibilitiesDevelop and maintain a central system for compliance files, communications, policies and proceduresMaintain an awareness of legal and regulatory developments; analyze and interpret new or amended regulations and ensure that management has been responsive in implementing changes required by regulationEnsure proper flow of communication within the Bank for legal and regulatory developments; act as liaison between operating departments, regulators, legal counsel and senior management on compliance mattersCoordinate and direct the overall process of regulatory agency examinations for areas under the Compliance Officers supervision, as well as coordinating the Banks responses to examinations and assuring that exceptions are correctedMaintain an ongoing compliance monitoring program which includes developing and maintaining the compliance training program: determine current levels of knowledge, identify areas requiring further education, and conduct compliance training as requiredMaintain files of customer complaints and public comments relating to the Bank's CRA performance; coordinate a follow-up process to address the complaintscomments, maintain statistics and determine appropriate use of the information to make recommendations to improve service and complianceResponsible for bank-wide forms and disclosure reviewCoordinate and monitor compliance with the Bank's overall BSA, AML programs and OFAC regulationsEnsure compliance with reporting and technical requirements of the CRACoordinate loan review process with outside loan review consultants; conduct review of their reportsInternally review and rate loans according to the Banks loan policy and loan review policy guidelinesMaintain a current Compliance Department library which will include a number of the most widely used publicationsPerform special projects and additional duties and responsibilities as assignedQualificationsBachelors degree (or higher) in Finance or similarly-related concentration5-7 years practical banking experience and related banking seminars in the areas of lending, compliance, BSA, AML, CRA and OFACKnowledge, Skills and AbilitiesStrong problem-solving skills and attention to detailExcellent verbal/written communication skills; communicate effectively, both orally and in writing, to individuals, government agencies, directors and/or groups regarding complex or sensitive issues or regulationsKnowledge of bank services; policies and procedures, a working knowledge of consumer protection banking laws and regulations as they relate to major compliance issues; ability to understand the legislative and regulatory services, administrative and operational experience.Employees receive paid training, competitive salary, performance-based advancement, paid vacation, paid holidays, health benefits and 401(k) as well as other great incentives.#acgresourcesjobs
Associated topics: client, collection analyst, counselor, loan originator, loan review officer, mortgage loan, mortgage officer, mortgage originator, personal banker iv, representative * The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.

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