Compliance and CRA Officer; BSA Officer; Security Officer; Internal Auditor
Job Type: Full Time
Employer: Mutual Savings Bank
Compliance and CRA Officer:
Responsible for the overall compliance risk management process for the organization. Responsible for Board reporting and interaction with external regulatory agencies. Helps ensure the Bank complies with regulatory requirements and applicable policies and procedures governing business practices. Collaborates with other compliance staff in the identification, measurement, and monitoring of compliance risks within the Bank. Participates in implementing and maintaining the compliance risk assessment process, including Enterprise Risk Management that provides a systematic method for evaluating the Bank’s effectiveness in complying with applicable federal and state consumer protections laws, regulations, and related internal policies and procedures. Completes evaluation, monitoring and documentation of CRA Performance to stated CRA strategic goals. Assists in ensuring accuracy of HMDA and CRA data and timely reporting. Continuously demonstrates strong analytical ability to research and interpret regulations and regulatory guidance, including CRA, HMDA and Fair Lending regulations and guidance. Serves as a resource for regulatory matters and compliance related initiatives and responds to questions from Bank personnel regarding interpretations of regulatory requirements and applicable guidance. Prepares for and manages compliance audits and examinations and tracking of any noted exceptions to resolution. Provides recommendations for periodic training in order to address areas of weakness noted, as well as current trends identified by regulatory agencies. Administers annual on-line and in-person Compliance Training program. Maintains and enhances knowledge of regulatory compliance requirements by participating in workshops, webinars, conferences, meetings, and by reading professional literature.
Oversees development and implementation of Bank’s policies and procedures according to the Bank Secrecy Act (BSA), Anti-Money Laundering (AML) and Office of Foreign Assets Control (OFAC) programs. Conducts high-risk customer reviews utilizing the resources of the Bank (system software, reports, databases, and system applications) analyzing and monitoring high-risk accounts and corporate structures for irregular transactions. Responsible for research preparation, investigations, and EDD reviews that are performed on all high-risk customers. This position performs various quality control reviews and monitoring pertaining to the Bank Secrecy Act, USA Patriot Act, Anti-Money Laundering Program, OFAC, and Customer Identification Program Compliance using industry standard and regulatory guidance to ensure the Bank’s compliance efforts are maintained on a prioritized and scheduled basis.
Directs and administers a security program that is in compliance with the Bank Protection Act and other regulatory requirements. Trains personnel in Bank security policies and procedures. Establishes policies for assuring safe opening and closing procedures for each location. Establishes and maintains liaison with local law enforcement agencies and coordinates investigative efforts with same. Maintains records on the inspection, testing, and servicing of security devices. Initiates new security measures to ensure the safety of Bank personnel and to protect the assets of the Bank.
Establishes and directs effective audit policies and controls and the regular review of such policies and procedures to safeguard the Bank’s assets. Identifies audit responsibilities, organizes and directs the internal audit function, reviews audit results, and prepares detailed reports for management, Board of Directors, and Audit Committee.
Performs internal loan review on fraction of newly originated loans on a monthly basis.
Reviews reports to monitor deposit accounts that are overdrawn and sends out a series of letters to affected customers.
Attempts to collect deposit accounts that have been charged off by sending letters and calling customers. Monitors payment arrangements made with affected customers.
How to Apply:
To apply, please email email@example.com.