AML/CFT and Compliance/CRA Associate

Description

Job Summary

This person will assist in the oversight, authority, monitoring, and governmental and regulatory reporting related to the policies and program of the Anti-Money Laundering (AML) / Countering the Financing of Terrorism (CFT) / Customer Identification Program (CIP) / Office of Foreign Asset Control (OFAC), and Suspicious Activity Reporting (SAR), all activities formerly known as Bank Secrecy Act (BSA) duties. The AML/CFT Associate may also assist with training recommendations for the front line and assist with annual reporting for the Board of Directors. As Compliance/CRA Associate, this individual will assist with ensuring the bank complies with all banking laws and regulations, with specific emphasis on the consumer protection regulations, and the testing of the Bank’s compliance program, including recommendations for training and the implementation of regulatory changes throughout the organization.

• Will be considered the primary back-up to the AML/CFT Officer.
• Aid in the implementation of the AML/CFT/CIP/OFAC/SAR program throughout the organization and with adherence of bank policy and government regulations.
• Recommend continuing education opportunities for independent study related to the AML/CFT/CIP/OFAC/SAR regulations.
• Aid in ongoing program training for all employees as well as new process implementation throughout the organization.
• Research issues and questions to provide supported responses regarding the AML/CFT/CIP/OFAC/SAR, especially related to new product and service implementation.
• Verify core data (RIM) information upon account opening and assist with monitoring account activity as described in the AML/CFT/CIP/OFAC/SAR policies and regulations.
• Review CTRs and verify the validity of each report.
• Assist with the investigation of SAR referrals and make a recommendation when a SAR may or may not be necessary.
• Assist with the verification of the customer database against the 314a list.
• Assist with the assembly of AML/CFT-related information for audits and examinations.
• Responsible for the bank’s HMDA submission program throughout the organization and be considered the subject matter expert to assist with HMDA related questions.
• Aid in the collection of all reportable CRA data for the institution reported quarterly to the Board of Directors.
• Aid the Compliance Officer with the adherence with bank policy and government regulations, with specific emphasis on the consumer protection laws, including, but not limited to, TRID, RESPA, Flood, Regulation CC, Truth in Savings, Fair Lending-Fair Housing and ECOA.
• Recommend continuing education opportunities for independent study related to consumer compliance regulations.
• Research issues and questions to provide supported responses regarding compliance matters, especially related to new product and service implementation.
• Aid with the review of marketing material, website data, notices, and other consumer contact information for regulatory compliance.
• Review loan, deposit, and other consumer disclosures for regulatory compliance.
• Review the content of all consumer notices for completeness, regulatory compliance, and appropriate support.
• Aid with the assembly of compliance-related information for audits and examinations.
• Serve as a non-voting member of the Risk Management Committee.

  Work Conditions

  The role is a full-time position, working a minimum of 40 hours per week, Monday-Friday, 8 AM to 5 PM. Office may be located at any of the bank's facilities, and a hybrid or remote working arrangement may be considered. Noise levels may vary. The duties of the job may require the employee to stand, walk, use hands, and feel objects, tools, or controls, reach with hands, arms and talk or hear. Ability to lift up to 25-pounds. Vision abilities include close vision, distance vision, peripheral vision, depth perception and the ability to focus. Some travel is necessary.

  Compensation And Benefits

  The annual base salary for this position is $60,000 - $65,000. In addition to base salary, the position is eligible for an annual discretionary bonus. Actual compensation offered will vary based on factors such as the candidate’s relevant skills, experience, education, and geographic location. We take a holistic approach during the hiring process to understand each candidate’s background and align compensation appropriately, ensuring internal equity while allowing flexibility to recognize unique qualifications or expertise. We also offer a 401(k) plan featuring a discretionary employer match in bank stock, along with a comprehensive benefits package. More information about our generous employee benefits can be found on our Career Page at https://trustbank.net/company/career-opportunities.

  CORE VALUES

  Embrace and promote the TrustBank culture and core values in all aspects of your duties. Strictly manage and protect sensitive information to which you are entrusted.

  DISCLOSURES

  TrustBank recognizes that people are our bank’s strength, and we place a high value on diversity and inclusion. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs.