Regulatory Risk Support

Overview

The Regulatory Risk Support position is responsible for assisting the Regulatory Risk Division with BSA and Compliance requirements necessary to achieve and maintain a satisfactory level of BSA compliance, safety, and soundness. This position also performs general administrative duties for the Director of BSA and Compliance.

Responsibilities

Key Responsibilities:

• Administrative Support:
  • Prepare Board/Management Committee packages and division reports.
  • Maintain tracking spreadsheets and reconcile department budgets.
  • Manage expense reports, invoices, and training logs.
  • Update organizational charts and Business Continuity Plan listings.
  • Compile and distribute the division’s semi-annual newsletter.

• Regulatory Risk Operations:
  • Conduct due diligence and research using WorldCheck, LexisNexis, and internet sources.
  • Serve as Foreign Correspondent Banking Governance Committee as Secretary.
  • Assist with BSA/AML/OFAC Risk Assessment research and documentation.

• BSA Compliance:
  • Coordinate case assignments and maintain RFI logs.
  • Upload SAR confirmations and maintain tracking reports.

• Beneficial Ownership & Monitoring:
  • Perform daily CDD Rule reviews and monitor Independent ATM customers.
  • Conduct manual monitoring reviews across various risk categories (e.g., loans, credit cards, virtual currency).
  • Analyze AML alerts and perform customer research using internal and external sources.

• Cross-Divisional Support:
  • Fill in during peak workloads or staff absences.
  • Serve as a backup to the Compliance secretary.
  • Participate in special projects to gain exposure across key areas of Regulatory Risk.

Qualifications

Education/Experience:

Requirements

Combination of education and experience will be considered.

Skills & Competencies

Preferences

• Knowledge of banking laws and regulations, such as the Bank Secrecy Act/AML and Patriot Act.  
• Experience with research tools such as WorldCheck, LexisNexis, and internet-based sources.

Licenses/Certifications

• None

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