Summary: Develops, implements, coordinates, and monitors compliance programs to safeguard against systemic violations of federal and state banking laws and regulations. Develops and implements appropriate compliance procedures for new and existing laws. Determines need for and conducts compliance training and educational programs. Must be knowledgeable of key banking regulations and interpretations, bank laws and operations, risk assessment and analysis. Must be able to work professionally with bank staff, bank examiners and regulators.
Essential Duties and Responsibilities include the following. Other duties may be assigned.
Bank Secrecy Act (BSA) Officer
Advises the VP-Risk Management Officer, Senior Management and Bank personnel of emerging compliance issues and consults and guides the Bank in the establishment of controls to mitigate risks.
Coordinates and improves BSA/AML program.
Oversees monitoring program, including SAR filing and 314(a) reporting; directly responds to all 314(a) and 314(b) inquires, escalates potential watch list hits and prepares required regulatory reports. Maintain records of suspicious activity whether SAR is filed or not.
Ensures new product development includes full AML consideration.
Maintains a current knowledge of the Bank Secrecy Act and all related anti-money laundering and OFAC regulations; monitors legislative and regulatory developments regarding the Bank Secrecy Act and reports important compliance developments to board, management and other bank personnel.
Performs annual BSA/AML/OFAC risk assessment.
Oversees and develops BSA/AML training for board, management and staff.
Chairs the Suspicious Activity Reporting Committee.
Oversees the daily analysis of cash transactions and responses to all subpoenas and garnishments.
Attends continuing education annually.
Serves as point of contact for bank regulators/examiners in regards to BSA.
Oversees and coordinates the compliance efforts of the Bank for all Loan or Deposit products and services as assigned.
Analyzes new or revised laws and regulations and their impact on the institution. Works with the VP/Risk Management Officer and SVP/Consumer Banking Manager to determine the Banks action to abide by new or revised laws.
Formulates, reviews, and updates Bank policies, procedures, and internal controls to maintain Bank compliance with applicable compliance statutes, regulations, and laws.
Reviews forms, notices, disclosures, brochures, Facebook, etc. for compliance with applicable regulations.
Develops and oversees the pre-closing quality control program.
Oversees the HMDA review process.
Works with the Managers to communicate/train on any changes affecting the bank.
Responds professionally to questions from staff and management.
Develops strong working relationships with managers of the bank to fully understand the needs and functionality of each area.
Furnishes examiners with requested information and acts as examination contact for compliance and audit matters related to assigned areas of the Bank. Assists with independent audits to ensure compliance and audit issues are adequately reviewed and addressed.
Assists in compliance testing, external compliance reviews of bank functional areas, and regulatory examination.
Acts a primary software administrator for Business Process Manager (BPM), Integrated Teller, and Encompass.
Serves as an active member of various committees, providing guidance and expertise related to regulatory compliance matters.
Oversees training for all staff on compliance related items.
Coordinates updates and revisions to course materials as needed (manuals, handouts, outlines, techniques, videos, etc.).
Conducts training as needed.
Supervisory Responsibilities: Manages the Compliance Specialist I and LHS/Trust Administrative Assistant and is responsible for the overall direction, coordination, and evaluation of these individuals; carries out supervisory responsibilities in accordance with the organization's policies and applicable laws. Responsibilities include interviewing, hiring, and training for direct reports; planning, assigning, and directing work of direct reports; appraising performance; rewarding and disciplining of direct reports; addressing complaints and resolving problems involving direct reports.
Competencies:To perform the job successfully, an individual should demonstrate the following competencies:
Problem Solving - Identifies and resolves problems in a timely manner; Gathers and analyzes information skillfully; Develops alternative solutions; Works well in group problem solving situations; Uses reason even when dealing with emotional topics and keeps emotions in check.
Project Management - Develops project plans; Coordinates projects; Communicates changes and progress; Completes projects on time and budget; Manages project team activities.
Technical Skills - Assesses own strengths and weaknesses; Pursues training and development opportunities; Strives to continuously build knowledge and skills; Shares expertise with others professionally.
Interpersonal Skills - Focuses on solving conflict, not blaming; Maintains confidentiality; Listens to others without interrupting; Keeps emotions under control; Remains open to others' ideas and tries new things.
Oral Communication - Speaks clearly and persuasively in positive or negative situations; Listens and gets clarification; Responds well to questions; Demonstrates group presentation skills; Participates in meetings.
Written Communication - Writes clearly and informatively; Edits work for spelling and grammar; Varies writing style to meet needs; Able to read and interpret written information.
Teamwork - Balances team and individual responsibilities; Exhibits objectivity and openness to others' views; Gives and welcomes feedback; Contributes to building a positive team spirit; Puts success of team above own interests; Able to build morale and group commitments to goals and objectives; Supports everyone's efforts to succeed.
Delegation - Delegates work assignments; Matches the responsibility to the person; Gives authority to work independently; Sets expectations and monitors delegated activities; Provides recognition for results.
Leadership - Exhibits confidence in self and others; Inspires and motivates others to perform well; Effectively influences actions and opinions of others; Accepts feedback from others; Gives appropriate recognition to others.
Quality Management - Looks for ways to improve and promote quality; Demonstrates accuracy and thoroughness.
Business Acumen - Understands business implications of decisions.
Diversity - Demonstrates knowledge of EEO policy; Shows respect and sensitivity for cultural differences; Educates others on the value of diversity; Promotes a harassment-free environment; Builds a diverse workforce.
Ethics - Treats people with respect; Keeps commitments; Inspires the trust of others; Works with integrity and ethically; Upholds organizational values.
Organizational Support - Follows policies and procedures; Completes administrative tasks correctly and on time; Supports organization's goals and values; Benefits organization through outside activities; Supports affirmative action and respects diversity.
Judgment - Displays willingness to make decisions; Exhibits sound and accurate judgment; Supports and explains reasoning for decisions; Includes appropriate people in decision-making process; Makes timely decisions.
Motivation - Sets and achieves challenging goals; Demonstrates persistence and overcomes obstacles; Measures self against standard of excellence; Takes calculated risks to accomplish goals.
Planning/Organizing - Prioritizes and plans work activities; Uses time efficiently; Plans for additional resources; Sets goals and objectives; Organizes or schedules other people and their tasks; Develops realistic action plans.
Professionalism - Approaches others in a tactful manner; Reacts well under pressure; Treats others with respect and consideration regardless of their status or position; Accepts responsibility for own actions; Follows through on commitments.
Quality - Demonstrates accuracy and thoroughness; Looks for ways to improve and promote quality; Applies feedback to improve performance; Monitors own work to ensure quality.
Quantity - Meets productivity standards; Completes work in timely manner; Strives to increase productivity; Works quickly.
Safety and Security - Observes safety and security procedures.
Adaptability - Adapts to changes in the work environment; Manages competing demands; Changes approach or method to best fit the situation; Able to deal with frequent change, delays, or unexpected events.
Attendance/Punctuality - Is consistently at work and on time; Ensures work responsibilities are covered when absent; Arrives at meetings and appointments on time.
Dependability - Follows instructions, responds to management direction; Takes responsibility for own actions; Keeps commitments; Commits to long hours of work when necessary to reach goals; Completes tasks on time or notifies appropriate person with an alternate plan.
Initiative - Volunteers readily; Undertakes self-development activities; Seeks increased responsibilities; Takes independent actions and calculated risks; Looks for and takes advantage of opportunities; Asks for and offers help when needed.
Innovation - Displays original thinking and creativity; Meets challenges with resourcefulness; Generates suggestions for improving work; Develops innovative approaches and ideas; Presents ideas and information in a manner that gets others' attention.
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.
Education and/or Experience: Prefer a Bachelor's degree (B. A.) from four-year college or university. At least three years of broad based compliance experience and at least one year of management experience is required.
Language Skills: 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 bank staff and outside examiners or auditors.
Mathematical Skills: Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, and percentages.
Reasoning Ability: Ability to solve practical 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 Office Suite (Word, Excel, Outlook, Power Point) and database software. Knowledge of Vision, Vision Graphical, BPM, Integrated Teller, Encompass, and Fraud software would also be beneficial but is not required.
Must be able to travel to all bank locations using own transportation.
Knowledge of compliance laws and regulations and federal and state banking regulations
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; reach with hands and arms and talk or hear. The employee is occasionally required to stand; walk; climb or balance and stoop, kneel, crouch, or crawl. The employee must occasionally lift and/or move up to 20 pounds. Specific vision abilities required by this job include close vision, distance vision, peripheral vision and ability to adjust focus.
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 quiet.
VisionBank is an Equal Opportunity Employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, ancestry, pregnancy status, sex, age, marital status, medical conditions, sexual orientation, gender identity or expression, veteran and/or disability status.
Additional Salary Information: Full benefits package offered
VisionBank® has eight full service branches in Ogden, Boone, Ames, Huxley and Grimes, with $460 million in assets and over $350 million in deposits. The bank is owned by VisionBankShares, Inc., a locally owned bank holding company based in Boone. The bank offers full service retail, mortgage, consumer, commercial, commercial real estate, and agricultural deposit and lending products and services.
We take pride in the fact that we are locally owned and support the communities we serve. We offer great benefits, solid management, and a fun atmosphere to work in.