Business Banker

SUMMARY DESCRIPTION

Banker will be required to collect, assess and maintain corporate documents that will support a solid, safe and sound relationship between customers/businesses and Partner Colorado Credit Union. Banker will evaluate the documents for concerns and issues that will place Partner Colorado and its assets in harm’s way, clear issues and ensure mitigating strategies exist within the business. Banker will be expected to provide service at a private banker level that will exceed the normal banking relationship in the market;

ensuring a long‑term loyal client relationship. Banker will identify and execute on opportunities for new business growth and business development. Banker is expected to KNOW the client business thoroughly and speak to their growth plans, changes in their environment, regulatory conditions and their basic service needs that will assist them in optimal performance while protecting our interests and avoiding legal/regulatory issues.

Looks for ways to streamline business practices that makes financial and compliance sense with adhering to great member experience.

• Banker will collect and evaluate corporate documentation and determine risk levels associated with the evaluation of corporate structure, financials and practices; working closely with VP of Commercial Risk as needed.
• Banker will maintain up to date documents on each assigned client throughout the year; ensuring the collection of expired licenses, leases, insurance, etc. and update files with said documents.
• Banker will determine when additional supporting documentation is required to ensure practices are in place to ensure the safety and soundness of the relationship between client and Partner Colorado.
• Banker will determine when clients’ policies and procedures are sufficient for safety and soundness to protect the organization.
• Banker will determine when documentation is insufficient to sustain a safe and sound relationship and make recommendations to close accounts that decrease the overall safety and soundness of the entire organization.
• Banker will review and evaluate financial documentation (income statement, balance sheets and tax documents) for interpretation of the business activities and resulting financial transactions that may impact the credit union.

• Responsible for documentation, closing, funding, disbursement and servicing of business loans
• Responsible for lien perfections and lien terminations and document archiving
• Collect annual due diligence documents and conduct annual due diligence reviews for business loans.

• Banker will be required to monitor deposits and collect sufficient supporting documentation to validate deposits from legal activities that are reported to the state or federal entities.
• Banker will need to ensure funds that are not supported are not released to the client until sufficient support documentation is obtained outside normal sales activities that are validated monthly.
• Banker will be required to determine when reporting requirements for BSA/FINCEN are triggered due to insufficient documentation, resistance to substantiate or lack of transparency causes suspicious activity triggers according to FINCEN guidelines.
• Banker will need to determine what level of documentation is sufficient to validate source of funds and track documentation throughout the relationship with client.
• Banker will be responsible to discuss uncomfortable situations with the client when documents are not sufficient and work toward a quick resolution or action to terminate under the supervision of the VP of Commercial Risk.

• Keeping the paperwork to a minimal level when appropriate
• Completing forms for client signatures
• Meeting on site, according to the size of business, to discuss bank issues, client activities and strategic movements of the organization in order to ensure all transaction activities are justified.
• Understanding and taking an interest in the future of the business.
• Assist other staff with commercial banking questions

• Banker will monitor account activity monthly to establish trends and patterns that predict future activity and analyze data for suspicious activities that might trigger BSA reporting.
• Banker will maintain solid, reliable records on monitoring that will be subject to compliance oversight regularly.
• Banker will be required to ensure interactions with clients are documented for compliance scrutiny.
• Banker will be required to monitor outgoing payments to ensure FINCEN guidelines / Red Flags are sufficiently addressed.
• Banker will be required to monitor reporting requirement for assigned clients and miss zero deadlines.

• Banker will be required to know the regulatory guidelines sufficiently to apply to all account and client activities.
• Banker will be required to maintain BSA Certification.
• Banker will be required to uncover or discover issues that trigger reporting, account…