BSA Compliance Analyst - Yankton
First Dakota National Bank is looking for a full-time BSA Compliance Analyst to join our Yankton team. This person will assist with the administration, planning, and management of the Bank Secrecy Act (BSA) activities in a manner that will contribute to the short and long-term goals of the Bank, Executive Management, and Board of Directors. This will be accomplished by creating an atmosphere enabling all employees to meet the BSA program objectives. The position is accountable to the Senior Compliance & BSA Officer, SVP Compliance & Deposits, CEO, and Board of Directors. Hours include Monday-Friday 8:00 AM - 5:00 PM.
Duties
- Assist with the administration of the Bank's compliance management system (CMS) to ensure practical institutional commitment to compliance with federal and state laws, regulations, rulings, and guidelines governing the Bank's operations.
- Expertise in BSA and OFAC laws, guidance, and best practice requirements.
- Annually assist in the review and update of written policies and procedures managed by the Senior Compliance & BSA Officer.
- Complete compliance monitoring reviews or reports at designated intervals to evaluate compliance with applicable laws and regulations and adequacy of internal controls designed to prevent and detect violations of laws and regulations; conduct ad hoc reviews as needed.
- Completion of enhanced due diligence (EDD) reviews.
- Process Currency Transaction (CTR) and Suspicious Activity (SAR) regulatory reports.
- Monitor risk reports from Verafin.
- Document review scope, findings, and observations in a written report that will be used to inform the Compliance Committee and Board of Directors.
- Work with department management and SVP Compliance to ensure the identified deficiency resolution.
- Prepare and maintain a record of all work papers completed for each assigned compliance review.
- Identify business unit process deficiencies or gaps that may result in compliance risk to the organization, maintain documentation, and report the issues to the Senior Compliance & BSA Officer.
- Consult with and advise operating units and managers of compliance deficiencies with BSA, so they can be part of the solution to improve personnel performance.
- Stay abreast of regulatory changes and hot topic issues for Bank Secrecy Act to identify unmet needs and offer solutions for change to current processes.
- Coordinate with legal counsel, law enforcement, and/or operating departments to ensure adherence to laws and regulations relating to new or revised product and service offerings.
- Oversight of the BSA enhanced due diligence software including validation of data input and initiating support calls to resolve software problems.
- Coordinate audit request materials for internal and external examinations.
- Communicate effectively through written and oral communication skills and coordinate necessary bank-wide communication to ensure compliance activities are conducted in accordance with bank policies and procedures.
- Other duties as assigned.
Qualifications
Attributes include a positive attitude and good work ethic. The ability to process a variety of tasks accurately and efficiently, the capability to maintain strict confidentiality, attention to detail and comply with all Bank policies and procedures. Communicate effectively with various types of clientele, co-workers and departments to resolve an assortment of needs. Strong organizational skills and the ability to work well in a team environment. Punctuality is a must.
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements are representative of the knowledge, skills, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Education/Experience
Bachelor's degree (B.A.) from a four-year college or university and two to three years related experience and/or training, or equivalent combination of education and experience
Work Environment
Office: The work environment of this job includes interacting with others in an office setting, and the noise level is usually moderate.
Physical Demands
Light: The physical demands of this job include bending, sitting, and occasionally lifting up to 10 pounds with or without reasonable accommodation.
Requirements of All Employees
To perform the job successfully, an individual should demonstrate the following:
Adaptability - Adapts to changes in the work environment
Attendance/Punctuality - Is consistently at work and on time; Arrives at meetings and appointments on time
Career Apparel - Adheres to the Career Apparel policy; Demonstrates professional appearance during Bank hours or at after-hours Bank functions
Customer Service - Responds promptly to customer needs including requests for service and assistance; Provide courteous, personal attention to promote ongoing relationship servicing with customers
Dependability - Follows instructions, responds to management direction; Takes responsibility for own actions; Keeps commitments; Completes tasks on time or notifies appropriate person with an alternate plan
Design - Demonstrates attention to detail
Initiative - Looks for and takes advantage of opportunities; Asks for and offers help when needed
Innovation - Shares suggestions for improving work
Interpersonal - Maintains confidentiality; Remains open to others' ideas and tries new things
Judgment - Exhibits sound and accurate judgment
Motivation - Measures self against standard of excellence
Communication - Listens and gets clarification; Responds well to questions; Participates in meetings; Writes clearly and informatively; Able to read and interpret written information
Organizational Support - Follows policies and procedures; Completes administrative tasks correctly and on time; Supports and upholds organizational goals and values
Planning/Organizing - Uses time efficiently; Completes work in a timely manner
Problem Solving - Identifies and resolves problems in a timely manner
Professionalism - Approaches others in a tactful manner; Reacts well under pressure; Treats others with respect and consideration; Accepts responsibility for own actions; Inspires the trust of others; Works with integrity and ethically
Quality - Demonstrates accuracy and thoroughness; Looks for ways to improve and promote quality; Applies feedback to improve performance; Monitors own work to ensure quality
Safety/Security - Observes safety and security procedures; Reports potentially unsafe conditions; Uses equipment and materials properly
Team Work - Gives and welcomes feedback; Contributes to building a positive team spirit
Technical Skills – Understands basic computer software programs; Strives to continuously build knowledge and skills; Shares expertise with others
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