BSA Compliance Officer

Citizens Business Bank•Rancho Cucamonga, CA

1d•$73,770 - $103,278

About The Position

The individual will provide support to the BSA Compliance Manager on fulfilling the Bank’s BSA/AML/OFAC compliance program requirements. The incumbent will have proficient knowledge of all Federal regulations as they relate to BSA. The individual will identify, monitor, control and manage BSA compliance risk by performing the following essential duties and responsibilities.

Requirements

Bachelor's degree (B. A.) from four-year college or university; or three to five years’ related experience and/or training; or equivalent combination of education and experience.
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 associates, managers, customers, and vendors.
Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume.
Ability to apply mathematical operations to such tasks as frequency distribution, determination of test reliability and validity, analysis of variance, correlation techniques, sampling theory, and factor analysis.
Ability to define problems collects data, establish facts, and draw valid conclusions.
Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.
Proficient with Microsoft Office products including Word, Excel, PowerPoint, and Outlook.
Thorough knowledge of operations functions, systems, procedures, various products and services, and Federal and State Regulations.
Strong organizational, managerial, and project management skills are essential.
Must have an ability to effectively manage numerous and conflicting priorities.
Must have a desire for process improvement by identifying best practices, creating improved procedures, policies, and practices for the betterment of the Bank.

Nice To Haves

The Certified Anti-Money Laundering Specialist (CAMS) credential is desirable.

Responsibilities

Supports the BSA Compliance Manager in implementing the Bank’s AML/CFT Compliance Program, which may include monitoring and implementation of established policies and procedures, training and preparation of periodic reports to management and Board of Directors on the status of key BSA activities.
Maintains proficient knowledge of regulatory and related laws as they pertain to BSA compliance focus areas.
Serves as a program administrator and Bank’s in-house subject matter expert for OFAC Monitoring Software, including periodical review and testing of data integrity and system parameters. This includes software updates, upgrades, testing, model monitoring and training to BSA Staff.
Responds to OFAC escalations.
Provides backup support to the AML Compliance Officer in the management of CTRs (including Exempt CTR Customers), SARs Alerts and SAR preparation as needed.
Provides backup support to the EDD Compliance Officer in the management of High-Risk Customers (i.e. MSBs, NRAs, PEPs, TPPPs), and reviewing/approving EDD reviews completed by EDD Analysts as needed.
Provides backup support to the AML Systems Officer in oversight of the AML Software, which may include periodical review and testing of data integrity and system parameters as needed.
Makes recommendations concerning operating procedures, processes and methods for improved efficiency and risk reduction to meet the objectives of the Bank’s BSA Program.
Reports promptly to the BSA Compliance Manager, regarding any known or suspected violations to the Bank’s AML/CFT Compliance Program, policies or procedures.
Collects data and prepares documentation as requested for internal audit and regulatory examinations.
Complies with, and stays abreast of, all policies and procedures, federal and state laws applicable to the job.
Performs other tasks assigned by the BSA Compliance Manager.
Provides, promotes and presents the Citizens Experience Customer Service to all internal and external customers.
Other duties as assigned.