BSA/Operations Specialist

POSITION SUMMARY

The BSA/Operations Specialist along with the COO/Compliance Officer is required to ensure the bank meets or exceeds all federal and state regulatory statues and laws pertinent to the bank. In addition, this position requires that all bank policies and procedures have current and accurate information. The BSA/Operations Specialist will work with the COO/Compliance Officer and Senior Management to develop, administer, and implement the policies, procedures, and training programs. This position requires a strong understanding and recognition of the need to interact with bank staff to achieve common goals as well as working with the compliance auditing firms and outside vendors. As with all employees of the bank, the BSA/Operations Specialist is required to treat customers, co-workers, etc. with dignity, respect, and courtesy as well as to conduct themselves in a professional manner at all times. The position also requires the performance of other related duties as assigned.

The BSA/Operations Specialist is responsible for assisting in researching, analyzing, and drawing conclusions related to all significant federal and state legal and regulatory compliance, with the support of the COO/Compliance Officer and Senior Management when required as well as the requirements associated with the bank’s daily operations.

Duties and Responsibilities: include the following. Other duties may be assigned.

1. Assisting with research, analyze, and draw conclusions related to all federal and state rules and regulations and their applicability to bank products, systems, and services

2. Assisting with research and review bank policies and procedures for compliance with applicable federal and state regulations

3. Assisting with coordinating regulatory compliance, Safety and Soundness, and IT examinations and audits by providing on-site assistance to the examiners/auditors, completing first day letters, questionnaires, and conducting post-examination/audit follow up and responses.

4. Assisting with developing and providing the compliance training program for all bank employees

5. Assisting with developing and presenting a compliance and Operational training program to the Board of Directors on a yearly basis

6. Assisting with preparation of Compliance and Operational Report to the Board of Directors yearly

7. Assisting with coordination and monitoring the document retention process in accordance with established guidelines

8. Assisting with and maintaining an awareness of company goals, regulatory and legislative developments, and industry trends

9. Work with senior management to develop efficient operational procedures

10. Work with the COO/Compliance Officer to maintain a vendor management program

11. Completion of all mandatory training.

12. Performs other duties as assigned and directed by management.

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.

Language Ability:

Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. Ability to write reports, business correspondence, and procedure manuals. Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public.

Math Ability:

Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume. Ability to apply concepts of basic algebra and geometry.

Reasoning Ability:

Ability to define problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, diagram or schedule form.

Computer Skills:

To perform this job successfully, an individual should have knowledge of Microsoft Word; Microsoft Excel; internet software and Microsoft Office Suite.

Education/ Experience

Commensurate work experience is expected. Three to five years’ experience within the financial services or other related industry. This individual is expected to have the ability to understand general banking compliance regulations and bank products.

Specialized Training:

Completion of in-house training and group learning plan courses at the financial institution.

Knowledge, Skills and Other Abilities:

· Extensive understanding and knowledge of the financial institution’s policies and procedures

· Excellent communication, organizational, and follow-up skills

· Excellent research and documentation skills

· The ability to effectively communicate conclusions and recommendations are essential

· The ability to be proactive in identifying potential concerns and following up to resolve such concerns are required

· Must have the ability to work independently and meet deadlines

· Confidentiality

Physical Demands:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is regularly required to sit and use hands. The employee is frequently required to reach with hands and arms and talk or hear. The employee is occasionally required to stand; walk and stoop, kneel, crouch or crawl. The employee must occasionally lift and/or move up to 10 pounds.

Work Environment:

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The noise level in the work environment is usually moderate.

Compensation is based on experience and ranges from $52,500 - $60,000.

Pay: $52,500.00 - $60,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Employee assistance program
• Health insurance
• Health savings account
• Life insurance
• Paid time off
• Retirement plan
• Tuition reimbursement
• Vision insurance

Work Location: In person

Salary : $52,500 - $60,000