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Company name : Citizens Bank – Oregon
Location : Corvallis, OR 97333
Position : Bank Secrecy Act / OFAC Officer
Description :
Description:
Type: Exempt/Officer
Reports to: Compliance Manager
This is an onsite position with the possibility of remote flexibility once established in the role. Travel to branch locations may be necessary on occasion.
Description:
The BSA/OFAC Officer is responsible for developing, implementing, administering, and monitoring all aspects of the Bank’s BSA/AML/OFAC Compliance Program. The individual is expected to be knowledgeable in all aspects of BSA/AML/OFAC. Directs BSA/AML/OFAC activities to ensure the organization’s banking activities meet all applicable regulatory requirements and standard industry practices.
Duties may include, but are not limited to the following:
Act as the Bank’s Bank Secrecy Act (BSA) Officer. Implement the necessary programs and procedures to ensure compliance with appropriate regulations and that the Bank is protecting itself from being used as a conduit for illegal activity.
Act as the Bank’s Office of Foreign Assets Control (OFAC) Officer. Ensures that the Bank has procedures and systems in place to identify, block, and report those names on the government’s lists.
Manage, coach, evaluate and develop BSA Department staff
Track performance and development of Department through training, coaching, and regular evaluations.
Develop and maintain the Banks BSA/AML/OFAC policies and procedures.
Prepare, monitor, and update the Bank’s overall Risk Assessment for BSA/AML and OFAC.
Maintain processes and procedures necessary to comply with regulations.
Responsible for ensuring filing of SARs are completed in accordance with policies and procedures.
Approve all waived and confirmed suspicious activity cases and resulting SARs.
Responsible for the Bank’s CIP program.
Overall responsibility for the BSA/AML/Fraud BAM+ software.
Complete and file required regulatory reports within prescribed deadlines.
Assist in preparation for internal audit reviews and regulatory examinations.
Respond to audit and examination findings and take appropriate actions to ensure that any deficiencies are remediated.
Implement quality control practices and procedures, automation, and process improvements.
Advises Compliance Manager of emerging compliance issues and consult on the establishment of controls to mitigate risks.
Knowledgeable of Bank products and services.
Other duties as assigned.
Benefits
Citizens Bank offers competitive compensation and outstanding benefits:
Medical, Dental, and Vision Insurance
401(k) with Employer Matching
Employee Assistance and Wellness Program
Life, Short-term and Long-term Disability
Up to 11 Paid Holidays
Health and Dependent Care Reimbursement Accounts
Paid Time Off
Banking Privileges
Requirements:
Required Qualifications
High School Diploma or equivalent
Bachelor’s degree in Business, Finance, or related field
Three to five years of regulatory experience in a financial institution, with strong emphasis on BSA, AML and OFAC
Experience operating Windows based PC.
Experience with Microsoft Applications including Word, Excel, and Outlook.
Experience with general office equipment such as copier, scanner, fax, 10-key, filing systems.
Proficient knowledge of basic addition and subtraction.
Preferred Qualifications
Additional BSA related training/certification preferred
Strong knowledge of Abrigo BAM+ software preferred
Attributes
Comprehensive knowledge of BSA/AML and OFAC requirements.
Strong analytical, research and problem solving, skills with the ability to analyze large amounts of data.
Highly motivated, results-oriented individual who can work independently under minimal supervision with an attention to detail and accuracy.
Strong interpersonal skills and a balanced perspective.
Strong organizational and time management skills.
Exercises sound judgment.
Excellent verbal and written communication skills with the ability to summarize and present findings in a clear and concise manner.
Ability to manage numerous tasks and sensitive information in a professional manner in a fast-paced deadline driven environment.
Thorough understanding of all products and services, features and benefits as well as associated procedural details.
Being a Team player that is considerate of other employees
Disclaimer
Citizens Bank is an Equal Opportunity and Affirmative Action employer and is committed to employing a diverse workforce. Qualified applicants will receive consideration without regard to race, color, religion, sex, pregnancy, national origin, age, sexual orientation, gender identity, military or veteran status, or disability. All offers are contingent upon the candidate successfully passing a credit check, criminal background check, and pre-employment drug screening, which includes screening for marijuana. Citizens Bank is a federally regulated banking institution. At the federal level, marijuana is an illegal Schedule I drug; therefore, we will not employ any person who tests positive for marijuana, regardless of state legalization.
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