Summary: The Compliance/BSA/CRA Officer is responsible for developing, implementing, overseeing and administering all aspects of the Bank's Compliance Program. This position participates in various committees, audits and examinations. The Compliance/BSA/CRA Officer provides compliance support and advice related to the development, execution, and operation of innovative banking products and services.
Duties and Responsibilities
- Develop, implement, and administer all aspects of the Bank's Compliance Program, Bank Secrecy Act (BSA) Program and Community Reinvestment Act (CRA) Program
- Collaborate with the Bank's Senior Management and the Bank's Board of Directors, keeping them informed in the overall administration of the Compliance Department as well as Compliance Initiatives
- Advise the Bank's Board of Directors, Executive Management and Bank Personnel of emerging compliance issues and consults and guides the Bank in the establishment of controls to mitigate risks
- Ensure department activities run smoothly and efficiently by providing leadership, training and supervision
- Provide assistance, resources and guidance to Lines of Business to implement new or changed legal or regulatory requirements, including but not limited to research, review and recommendations for new programs or the use of or timely implementation of additional software solutions
- Provide interpretations, clarifications and of regulations
- Perform various Quality Control Reviews and Monitoring pertaining to the Bank Secrecy Act, USA Patriot Act, Anti-Money Laundering, OFAC and Customer Identification Programs
- Develop, implement, and maintain the Bank's Policies and Procedures
- Develop, coordinate, and facilitate Compliance Training
- Perform final review of all marketing product to ensure compliance
- Perform risk assessments and provide solutions to minimize and eliminate risk
- Plan, facilitate, and prepare internal/external audits and exams
- Perform follow-up and resolution of audit/exams items
- Implement regulatory changes to business operations in a timely and cost-effective manner
- Track and monitor BSA Activity and other Compliance Activity for required reporting to the Board of Directors to ensure the Board and Senior Management is kept fully informed of the Bank's Compliance Program
- Oversee the monitoring and working of daily reports and alerts generated by the BSA/AML software
- Oversee the monitoring and preparation of Currency Transaction Reports
- Conduct in-depth case investigations, documenting the investigation results, and provide recommendations for filing SARs. File SARs. Serve as head of the SAR Committee
- Oversee High Risk Monitoring / Review and approve High Risk Customer Reviews
- Oversee the data collection for the OCC's Annual Money Laundering Data (MLR)
- 314a and OFAC Monitoring and Reporting
- Oversee and work Government Directives
- Research and Identify Community Development Opportunities
- Track, research, review, and document all CRA related activities: Community Development, Services, Investments, and Loans
- Maintain and update the Bank's CRA Public File
- Participate in Community Development activities (service credit for bank)
- All other duties as assigned (note: essential functions and responsibilities may change, or new ones may be assigned at any time with or without notice)
Please note this job description is not designed to cover all responsibilities or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.
Qualifications:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- Comprehensive knowledge of and ability to read, comprehend and interpret federal and state banking laws and regulations
- Ability to interpret and disseminate the impact and requirement of new laws and regulations
- Comprehensive understanding of bank products, services, operations and systems
- Ability to analyze risks and recommend controls to mitigate regulatory risk
- Demonstrated experience leading a team
- Excellent written, oral and presentation communication skills
- Strong time management and organizational skills with the ability to prioritize work and meet deadlines and be adaptable while responding to workflow fluctuations
- Strong exam management skills, including ability to communicate effectively and timely with OCC examiner
- Focus, attention to detail, problem-solving skills, and a strong attitude in favor of high-quality work are required
- Experience making high quality, timely decisions on complex issues.
- Ability to handle confidential information in a mature and professional manner.
- Ability to work with complex concepts and work with minimal assistance.
Certificates and Licenses:
CAMS certification required (or to be obtained within first year of employment). CRCM certification preferred.
Experience:
Minimum five years progressive related experience in consumer compliance, including mortgage and bank operations; 2 or more years of testing/auditing experience preferred.
Physical presence in the bank is required for this position. Hours for this position may vary but will generally fall within our operating hours of Monday through Friday 8:00 am to 5:00 pm. Additional hours may be required as job duties demand or staff scheduling necessitates. Locations include Frisco, Richardson and Celina. Some travel between branches may be required.
All candidates must complete both a behavioral and a cognitive assessment. Please note, once you have completed the behavioral assessment, you will receive an emailed link to complete the cognitive portion. For both assessments, please make sure you are able to focus, without interruption. The cognitive is a timed assessment and will require about 15 minutes to complete.
No direct phone calls or emails. Only applicants that complete the assessments will be considered. Successful candidates are subject to pre-employment background screening and reference checks.
Disclaimer
The above information on this description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.
Texas Republic Bank is an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, disability status, protected veteran status, or any other characteristic protected by law.
Member FDIC
Location: Frisco, TX, US
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