BSA​/Compliance Assistant

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Summary

The position of BSA/Compliance Assistant is responsible for assisting the BSA/Compliance Officer and BSA/Compliance Analyst to ensure timely implementation of procedures for regulatory compliance and all aspects of the Bank Secrecy Act (BSA) including any changes with laws and regulations.

Summary

The position of BSA/Compliance Assistant is responsible for assisting the BSA/Compliance Officer and BSA/Compliance Analyst to ensure timely implementation of procedures for regulatory compliance and all aspects of the Bank Secrecy Act (BSA) including any changes with laws and regulations.

In addition the BSA/Compliance Assistant assures compliance with all SVB policies and procedures, as well as, all applicable state and federal banking/trust and investment regulations.

Essential Duties

Assists BSA/Compliance Officer regarding BSA/Compliance issues and inquirie

Reviews reports for suspicious activity including currency transactions for proper filing

Analyzes transactions to determine if they are suspicious in nature and takes appropriate action and maintains proper documentation

Provides branch and customer support on day-to-day issues related to BSA/Compliance

Assists BSA/Compliance Officer in coordinating regulatory compliance examinations including BSA/USA Patriot Act, OFAC and related issues

Performs various administrative duties as directed by the BSA/Compliance Officer

Maintains knowledge of banking laws and regulations

Train staff on BSA/Compliance topics

Performs audit procedures for various compliance-related regulations, as directed by the BSA/Compliance Officer

Reviews SVB forms, disclosures, new account openings and account changes for completeness to ensure that they comply with applicable regulations and SVB policies.

Performs follow-up reviews, when necessary, to ensure all recommendations or weaknesses have been addressed

SECONDARY DUTIES

The position of BSA/Compliance Assistant performs duties specific to the position and other functions as assigned including the duty as Back Up to the BSA/Compliance Analyst.

SUPERVISORY RESPONSIBILITY

The position of BSA/Compliance Assistant is not responsible for the supervision of any employee(s).

ENVIRONMENT AND PHYSICAL ACTIVITY

The environment for this position is an open office that is mostly clean and comfortable. It may include some minor annoyances such as noise, odors, drafts, etc. The incumbent is in a non-confined office-type setting in which he or she is free to move about at will.

The incumbent in the course of performing this position spends time writing, typing, speaking, listening, lifting (up to 30 pounds), carrying, seeing (such as close, color and peripheral vision, depth perception and adjusted focus), sitting, pulling, walking, standing, squatting, kneeling and reaching.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

MENTAL DEMANDS

The incumbent in this position must be able to accommodate to reading documents or instruments, detailed work, problem solving, customer contact, reasoning, math, language, presentations, verbal and written communication, analytical reasoning, stress, multiple concurrent tasks and constant interruptions.



Minimum Requirements

These specifications are general guidelines based on the minimum experience normally considered essential to the satisfactory performance of this position. The requirements listed below are representative of the knowledge, skill and/or ability required to perform the position in a satisfactory manner. Individual abilities may result in some deviation from these guidelines.

• High school diploma or general education degree (GED); two years of related experience and/or training; or the equivalent combination of education and experience. Work related experience should consist of a financial institution operations, analysis or customer service background.
• Utilize MS Word, Excel and PowerPoint with an average degree of proficiency.
• Strong knowledge of general office practices.
• Effective oral, written and interpersonal communication…