Financial Crimes Manager

Description

JOB SUMMARY

Responsible for ensuring that each department and all employees are aware of and comply with the letter and the spirit of all BSA laws and regulations. As the acting BSA Officer, is responsible for coordinating and monitoring the overall compliance with, and the maintenance and administration of the BSA program. Coordinates the training of Bank employees, and appropriate record creation, reporting, and retention. As the acting Security Officer, assists in the protection of people, assets, and property through the development and administration of detailed policies and procedures. Ensures that Bank employees receive adequate training and communicates changes and updates in a timely manner. Functions include physical security of Bank locations, oversight of investigations into client and employee crimes, and serving as a liaison with law enforcement agencies.

DUTIES AND RESPONSIBILITIES

BSA Officer 

• Develop and coordinate the efforts to comply with laws and regulations.
• Maintain a current knowledge of applicable laws and regulations.
• Ensure ongoing employee training programs, including annual review of BSA compliance with employees and the Board of Directors.
• Maintain a list of high-risk accounts and monitor activity following AML/CFT procedures.
• Monitor account activity using reports and systems that may identify unusual patterns or deviations from the expected norms for that person/entity.
• Make initial determination of eligibility of customer to be on exempt list and review at least annually following regulatory requirements to ensure exemption is warranted. File appropriate forms to exempt listed and non-listed business entities with the IRS.
• Investigate reports of suspicious activity in conjunction with the BSA Committee, participating in the investigation and determining whether to recommend filing a Suspicious Activity Report (SAR).
• Ensure that all CTR’s are properly prepared and submitted to FinCEN as prescribed.
• Monitor Bank compliance with the BSA and all related regulations.
• Provide annually to the Board of Directors a review of education programs conducted, a synopsis of any changes, policy and procedure for revision and/or approval, and any other relevant information.

Security Officer

• Develop, administer and update the Bank’s Security Program, procedures, and processes including plans for reducing or eliminating premises liability, site analysis, and risk assessments.
• Conduct continual surveys of all locations to determine the need for additional security services and making appropriate recommendations.
• Assist with selecting, maintaining and testing appropriate intrusion devices, alarms, and camera systems that record activity in appropriate locations.
• Develop and maintain investigative practices and standards, and investigate all suspected internal and external criminal violations, suspicious incidents, and policy violations that may become security issues.
• Work with branch/department leaders to assist with the continual development of loss prevention processes to protect general assets and proprietary information.
• Establish and maintain satisfactory liaison with law enforcement and other bank security officers.
• Work with the Human Resource department in conducting and reviewing employment practices.
• Prepare and submit a Security Program evaluation and compliance report to the Board of Directors at least annually.
• Assist with the development and administration of annual training for Physical Bank Security (Reg. H and the Bank Protection Act) and Information Security awareness (Interagency Guidelines for Safeguarding Customer Information).
• Create and retain case management records for all investigations.
• Routinely incorporate compliance (knowledge of laws/regulations) in day-to-day tasks.
• Promote and preserve JBT’s values and culture.
• Follow Bank policy and procedure to prevent fraud and financial crimes.
• Other duties as assigned.

Requirements

SKILLS REQUIRED

• Minimum of 5 years of BSA experience in a financial institution environment with certification specific to BSA compliance required.  
• Fraud & Security experience preferred.
• Broad knowledge of Bank operating systems, policies, and procedures.
• Technical knowledge of security hardware and software (alarm panels, cameras, etc.) preferred.
• Strong working knowledge of Federal and State banking regulations.
• Analysis experience regarding reports and documentation related to BSA.
• Ability to communicate effectively – written and verbal.
• Ability to operate the following office equipment: adding machine, telephone, multi-function devices, personal computer including the MS Office applications.