AML/CFT and Compliance/CRA Associate
TrustBank is seeking an AML/CFT and Compliance/CRA Associate to assist in the oversight and regulatory reporting related to Anti-Money Laundering and compliance with banking laws. The role involves ensuring adherence to regulations, providing training, and managing data reporting for compliance purposes.
Responsibilities
- Will be considered the primary back-up to the AML/CFT Officer
- Assist with the implementation of the AML/CFT/CIP/OFAC/SAR program throughout the organization and with adherence of bank policy and government regulations
- Recommend continuing education opportunities for independent study related to the AML/CFT/CIP/OFAC/SAR regulations
- Assist with ongoing program training for all employees as well as new process implementation throughout the organization
- Research issues and questions to provide supported responses regarding the AML/CFT/CIP/OFAC/SAR, especially related to new product and service implementation
- Verify core data (RIM) information upon account opening and assist with monitoring account activity as described in the AML/CFT/CIP/OFAC/SAR policies and regulations
- Review CTRs and verify the validity of each report
- Assist with the investigation of SAR referrals and make a recommendation when a SAR may or may not be necessary
- Assist with the verification of the customer database against the 314a list
- Assist with the assembly of AML/CFT-related information for audits and examinations
- Responsible for the bank’s HMDA submission program throughout the organization and be considered the subject matter expert to assist with HMDA related questions
- Assist with the collection of all reportable CRA data for the institution reported quarterly to the Board of Directors
- Assist the Compliance Officer with the adherence with bank policy and government regulations, with specific emphasis on the consumer protection laws, including, but not limited to, TRID, RESPA, Flood, Regulation CC, Truth in Savings, Fair Lending-Fair Housing and ECOA
- Recommend continuing education opportunities for independent study related to consumer compliance regulations
- Research issues and questions to provide supported responses regarding compliance matters, especially related to new product and service implementation
- Assist with the review of marketing material, website data, notices, and other consumer contact information for regulatory compliance
- Review loan, deposit, and other consumer disclosures for regulatory compliance
- Review the content of all consumer notices for completeness, regulatory compliance, and appropriate support
- Assist with the assembly of compliance-related information for audits and examinations
- Serve as a non-voting member of the Risk Management Committee
Skills
- Assist in the oversight, authority, monitoring, and governmental and regulatory reporting related to the policies and program of the Anti-Money Laundering (AML) / Countering the Financing of Terrorism (CFT) / Customer Identification Program (CIP) / Office of Foreign Asset Control (OFAC), and Suspicious Activity Reporting (SAR)
- Assist with training recommendations for the front line and assist with annual reporting for the Board of Directors
- Will be considered the primary back-up to the AML/CFT Officer
- Assist with the implementation of the AML/CFT/CIP/OFAC/SAR program throughout the organization and with adherence of bank policy and government regulations
- Recommend continuing education opportunities for independent study related to the AML/CFT/CIP/OFAC/SAR regulations
- Assist with ongoing program training for all employees as well as new process implementation throughout the organization
- Research issues and questions to provide supported responses regarding the AML/CFT/CIP/OFAC/SAR, especially related to new product and service implementation
- Verify core data (RIM) information upon account opening and assist with monitoring account activity as described in the AML/CFT/CIP/OFAC/SAR policies and regulations
- Review CTRs and verify the validity of each report
- Assist with the investigation of SAR referrals and make a recommendation when a SAR may or may not be necessary
- Assist with the verification of the customer database against the 314a list
- Assist with the assembly of AML/CFT-related information for audits and examinations
- Responsible for the bank's HMDA submission program throughout the organization and be considered the subject matter expert to assist with HMDA related questions
- Assist with the collection of all reportable CRA data for the institution reported quarterly to the Board of Directors
- Assist the Compliance Officer with the adherence with bank policy and government regulations, with specific emphasis on the consumer protection laws, including, but not limited to, TRID, RESPA, Flood, Regulation CC, Truth in Savings, Fair Lending-Fair Housing and ECOA
- Recommend continuing education opportunities for independent study related to consumer compliance regulations
- Research issues and questions to provide supported responses regarding compliance matters, especially related to new product and service implementation
- Assist with the review of marketing material, website data, notices, and other consumer contact information for regulatory compliance
- Review loan, deposit, and other consumer disclosures for regulatory compliance
- Review the content of all consumer notices for completeness, regulatory compliance, and appropriate support
- Assist with the assembly of compliance-related information for audits and examinations
- Serve as a non-voting member of the Risk Management Committee
- Ability to lift up to 25-pounds
- Vision abilities include close vision, distance vision, peripheral vision, depth perception and the ability to focus
- Some travel is necessary
Benefits
- Annual discretionary bonus
- 401(k) plan featuring a discretionary employer match in bank stock
- Comprehensive benefits package
Company Overview