Compliance/BSA Assistant

4 weeks ago


Martinsville, Indiana, United States Home Bank SB Full time
Job Summary

Home Bank SB is seeking a highly skilled Compliance/BSA Assistant to join our team. The successful candidate will assist the Compliance Officer in maintaining expert knowledge of all compliance laws and regulations affecting the bank. This role will act as the back-up for the Compliance Officer and will be responsible for monitoring and auditing bank products and activities for compliance with state and federal laws and regulations.

Key Responsibilities

  • Assist the Compliance Officer in creating procedures and documentation for monitoring all bank products and activities for compliance with state and federal laws and regulations.
  • Conduct monitoring reviews under the direction of the Compliance Officer and report the results to the Compliance Committee.
  • Assist the Compliance Officer and business unit managers in preparing for external audits and examinations and in responding to audit and examination reports.
  • Assist the Compliance Officer in the preparation and filing of reports such as Currency Transaction Reports (CTRs), Suspicious Activity Reports (SARs), and the OCC's annual Money Laundering Risk Report.
  • Assist the Compliance Officer with account monitoring in the bank's AML software and other BSA monitoring and reporting activities.
  • Assist the Compliance Officer with the writing and maintenance of compliance policies and procedures.
  • Under the direction of the Compliance Officer, create, organize, and maintain procedures, guidelines, and tools to implement compliance policies approved by the Board of Directors.
  • Assist the Compliance Officer with the preparation of training materials and the scheduling and documentation of training sessions.
  • Conduct staff training sessions with assistance and support from the Compliance Officer as needed.

Requirements

  • Bachelor's Degree in Business, Finance, or a related field, or comparable education and/or experience.
  • 2+ years of experience in a related field.
  • Knowledge of financial institution operations and procedures and working knowledge of laws and regulations pertaining to financial institutions.
  • Ability to work independently and collaboratively with internal business partners demonstrating a working knowledge of major business functions.

Work Environment

This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets, and fax machines.

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