AML/CFT and Compliance/CRA Associate

About the role

This position serves as the primary back-up to the AML/CFT Officer and the Compliance/CRA Officer, assisting in various compliance and regulatory tasks.

Responsibilities

• Audit and examination preparation support for AML/CFT/CIP/OFAC/SAR programs.
• Training and ongoing education recommendations for AML/CFT/CIP/OFAC/SAR regulations.
• Verification of customer database against the 314a list.
• Collection, validation, and reporting of HMDA data to the CFPB.
• Quarterly gathering and monitoring of CRA data for reporting to the Board.
• Review of marketing materials, website data, notices, and consumer contact information for regulatory compliance.
• Review of loan, deposit, and consumer disclosures for regulatory compliance.
• Assistance with the Risk Management Committee as a non-voting member.

Requirements

• Minimum of Associate Degree, preferably Bachelor’s Degree in business-related fields.
• Minimum three years of prior experience in bank operations, deposit account opening, mortgage lending, or loan operations.
• Formal training or certifications in banking are helpful.
• Continuous learning and development for career growth are necessary.

Qualifications

• Excellent reading, interpreting, and applying government laws and regulations.
• Strong writing and communication skills, both verbal and written.
• Strong analytical and data interpretation skills.
• Productive, efficient, and independent work style.
• Multi-tasking ability with strong attention to detail and time management.
• Ability to recognize and prioritize issues effectively.
• Teamwork and professional demeanor.

Skills

• Proficiency in Microsoft 365 applications and collaboration tools, specifically Excel, Word, and Outlook.
• Knowledge of and ability to learn the bank’s data processing system.