BSA and Compliance Specialist 2

SCHEDULE: Full-time ; Monday through Friday 8:00 am-5:00 pm (some flexibility). Average of 40 hours a week.

BENEFITS: Our employees are our most valuable assets, so we invest in them with a comprehensive and competitive benefits package. Our philosophy of taking care of the customer extends to taking care of our employees so that they, in turn, can take good care of themselves and their families. Join Hills Bank and let us surprise you with even more perks!

SCOPE:

This position's primary responsibilities will be Bank Secrecy Act (BSA) compliance, help with other reviews and assist with other compliance projects.

ACCOUNTABILITIES:

General BSA Work (Bank Secrecy Act): 50%

- Conduct BSA daily work, such as working with Currency Transaction Reports, monetary instruments, Office of Foreign Asset Control, etc. to ensure compliance with the Bank Secrecy Act and other regulatory requirements.

- Complete Yellowhammer BSA monthly work lists to identify high risk activity. Document information and determination in Yellowhammer BSA and report activity as needed.

- Complete Money Services Business (MSB) and Private ATM owner risk assessments.

- Complete reviews of OFAC and other government lists as requested.

- Complete research for Suspicious Activity Reports (SAR) and 90 day reviews, document decision and complete SARs as needed.

- Manage training tracking to assure necessary employees are receiving timely training.

- Set up electronic record retention of SARs and other documentation in Onbase.

- Support Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Office of Foreign Asset Control (OFAC) and other regulatory questions or concerns of co-workers, external auditors and examiners.

- Complete training to further develop aptitude for the job duties.

- Identify procedural changes and share with other employees in the department.

- Assist with new BSA expectations.

Specific BSA Work (Bank Secrecy Act): 35%

- Conduct risk assessments and write procedures for specialized, higher risk products and services offered by the bank in order to comply with the Bank Secrecy Act. Resolve onboarding and other issues in a timely and efficient manner.

- Stay up to date with quickly changing regulatory proposals and final rules as they are issued as may affect specialized products and services. Provide updates to the impacted departments and work to implement needed changes. Attend applicable training opportunities as they are available.

- Support Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Office of Foreign Asset Control (OFAC) and other regulatory questions or concerns of co-workers, external auditors and examiners related to specialized products and services.

- Conduct BSA daily monitoring with focus on areas related to specialized products and services to ensure compliance with the Bank Secrecy Act and other regulatory requirements.

- Complete Yellowhammer BSA monthly work lists to identify high risk activity for specialized products and services. Document information and determination in Yellowhammer BSA and report activity as needed.

- Complete research for Suspicious Activity Reports (SAR) and 90 day reviews, document decision and complete SARs as needed.

- Complete reviews of OFAC and other government lists as requested.

- Ensure timely training for employees on specialized products and services.

General Compliance Duties: 5%

- Complete compliance reviews.

- Assist with preparation for external reviews and exams.

Secondary Market Report Preparation and Log Findings: 5%

- Prepare monthly secondary market loan listing and send to TENA for selection.

- Summarize findings from the external report, log findings and share with the review group.

Other: 5%

- As part of the overall team of bank employees, this position may be requested to assist in the support of other bank activities.

EDUCATION AND SPECIAL REQUIREMENTS:

- BA or BS Degree

- 5+ years' related experience and/or training related to banking, the Bank Secrecy Act and other laws and regulations.

- Ability to work independently to provide technical and professional support to the BSA Officer.

- A qualified candidate will have an understanding of banking regulations. Must be able to read, analyze and interpret government regulations, trade journals and legal documents.

- This job requires skills needed in a typical office environment. This includes computer skills, communications skills, as well as utilization of office equipment.

EQUAL OPPORTUNITY EMPLOYER/VETERANS/DISABILITY