Deputy BSA Officer

JOB SUMMARY The Deputy BSA Officer reports directly to the Director of FID and BSA Officer and is responsible for assisting the FID Director in leading and enhancing the design and execution of key BSA/AML/Fraud program elements for LSNB. This position will assist in ensuring compliance with the enterprise-wide anti-money laundering and Fraud programs and acting in the place of the FID Director and BSA Officer as/if needed. The individual will assist in the development of policies and procedures, as well as internal/external audits, regulatory examinations, MLR and risk assessment. This role will provide managerial support and will assist in the growth and development of the FID team members. Additionally, this role will assist managing BSA/AML/Fraud-related projects, perform extensive analysis of current policies, processes and procedures and propose remediation and efficiency plans. Essential Duties Responsible for overseeing and understanding risk exposure from the bank’s products and services, ensuring the BSA/AML and economic sanctions controls and implementing procedures are adequate to manage risks, and providing guidance to enhance or implement new controls as needed. Serve as subject matter expert to the BSA/AML and Fraud groups, including but not limited to the enterprise risk assessment; monitoring strategies; new products/services, vendor, and project reviews; issues management; and action plans in response to Quality Control and Testing, internal audit, and examination findings. Provide guidance on day-to-day BSA/AML-related compliance matters which include but are not limited to providing clarification on policy guidelines, advising on potential high-risk clients, and providing guidance on new or proposed BSA/AML-related rules and regulations. Coordinate and assist the FID Director with the development of the monthly and/or quarterly reports and communicate the metrics, trending, policy violation/exception, etc. to the bank’s executive management teams as needed. Assists determine appropriate remedial actions when internal control deficiencies are identified through the risk assessment, internal audit, examination, and quality control. Work in conjunction with the FID Director & BSA Officer in the development and implementation of the Bank’s BSA program. Provide managerial support, coaching and counseling of to the FID team members. Support the FID Director’s efforts to foster a culture of continuous improvement where employees are encouraged to bring management new ideas and solutions, teams self-identify items of concern, and silos within FID do not exist so that the team can collectively manage risk. Identifies opportunities to leverage economies of scale to build efficiencies and improve processes across FID Operations. Ensure the Bank follows OFAC regulations. Monitors Bank’s OFAC model to ensure adherence to OFAC Policy and procedures. Research BSA regulatory issues and respond to compliance questions from Bank personnel, utilizing legal and regulatory reference materials and consulting with the FID Director & BSA Officer. Attend outside training for BSA/AML and OFAC on an annual basis. Responsible for adherence to all compliance programs and the completion of all required and assigned training by established due dates. Perform other duties and responsibilities as assigned by the FID Director. Ensure any BSA/AML and Fraud compliance issues are escalated promptly. Conducts BSA related training for Bank staff as required Assists the FID Director & BSA Officer in the development and maintenance of the BSA/AML/OFAC policies and procedures to ensure compliance with all federal and bank requirements Assists the FID Director & BSA Officer in the performance review process of FID staff. Assists in the review and preparation of Suspicious Activity Reports (SARs) for reporting to FinCEN as required Works in conjunction with the BSA team to monitor customer account transactions to detect suspicious activity and take appropriate action Maintains current Knowledge of intrnal risk controls and loss prevention, including Maintains current knowledge and complies with all federal and state laws and regulations and all established Bank policies and procedures, including internal audit controls related to department operations, and ensures adherence by the respective department personnel. Maintains current knowledge of all rules, regulations, and laws as they apply to BSA/OFAC/USA Patriot Act/CIP/AML, and ensures adherence by the respective department personnel. Description JOB SUMMARY The Deputy BSA Officer reports directly to the Director of FID and BSA Officer and is responsible for assisting the FID Director in leading and enhancing the design and execution of key BSA/AML/Fraud program elements for LSNB. This position will assist in ensuring compliance with the enterprise-wide anti-money laundering and Fraud programs and acting in the place of the FID Director and BSA Officer as/if needed. The individual will assist in the development of policies and procedures, as well as internal/external audits, regulatory examinations, MLR and risk assessment. This role will provide managerial support and will assist in the growth and development of the FID team members. Additionally, this role will assist managing BSA/AML/Fraud-related projects, perform extensive analysis of current policies, processes and procedures and propose remediation and efficiency plans. Essential Duties The duties listed below may not include all responsibilities that the person in this role may be asked to perform. Incumbent may be required to perform other related duties, as assigned, including cross training across other departments, as necessary. Responsible for overseeing and understanding risk exposure from the bank’s products and services, ensuring the BSA/AML and economic sanctions controls and implementing procedures are adequate to manage risks, and providing guidance to enhance or implement new controls as needed. Serve as subject matter expert to the BSA/AML and Fraud groups, including but not limited to the enterprise risk assessment; monitoring strategies; new products/services, vendor, and project reviews; issues management; and action plans in response to Quality Control and Testing, internal audit, and examination findings. Provide guidance on day-to-day BSA/AML-related compliance matters which include but are not limited to providing clarification on policy guidelines, advising on potential high-risk clients, and providing guidance on new or proposed BSA/AML-related rules and regulations. Coordinate and assist the FID Director with the development of the monthly and/or quarterly reports and communicate the metrics, trending, policy violation/exception, etc. to the bank’s executive management teams as needed. Assists determine appropriate remedial actions when internal control deficiencies are identified through the risk assessment, internal audit, examination, and quality control. Work in conjunction with the FID Director & BSA Officer in the development and implementation of the Bank’s BSA program. Provide managerial support, coaching and counseling of to the FID team members. Support the FID Director’s efforts to foster a culture of continuous improvement where employees are encouraged to bring management new ideas and solutions, teams self-identify items of concern, and silos within FID do not exist so that the team can collectively manage risk. Identifies opportunities to leverage economies of scale to build efficiencies and improve processes across FID Operations. Ensure the Bank follows OFAC regulations. Monitors Bank’s OFAC model to ensure adherence to OFAC Policy and procedures. Research BSA regulatory issues and respond to compliance questions from Bank personnel, utilizing legal and regulatory reference materials and consulting with the FID Director & BSA Officer. Attend outside training for BSA/AML and OFAC on an annual basis. Responsible for adherence to all compliance programs and the completion of all required and assigned training by established due dates. Perform other duties and responsibilities as assigned by the FID Director. Ensure any BSA/AML and Fraud compliance issues are escalated promptly. Conducts BSA related training for Bank staff as required Assists the FID Director & BSA Officer in the development and maintenance of the BSA/AML/OFAC policies and procedures to ensure compliance with all federal and bank requirements Assists the FID Director & BSA Officer in the performance review process of FID staff. Assists in the review and preparation of Suspicious Activity Reports (SARs) for reporting to FinCEN as required Works in conjunction with the BSA team to monitor customer account transactions to detect suspicious activity and take appropriate action Maintains current Knowledge of intrnal risk controls and loss prevention, including Maintains current knowledge and complies with all federal and state laws and regulations and all established Bank policies and procedures, including internal audit controls related to department operations, and ensures adherence by the respective department personnel. Maintains current knowledge of all rules, regulations, and laws as they apply to BSA/OFAC/USA Patriot Act/CIP/AML, and ensures adherence by the respective department personnel. Qualifications QUALIFICATIONS 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. A self-starting team player who possesses a four-year college degree in Criminal Justice, Business, Finance or a related field or at least 10 years of compliance experience within the banking/financial services industry and deep understanding of the BSA/AML/OFAC regulatory requirements and landscape. Fundamental knowledge of BSA, AML/CIP/OFAC and USA Patriot Act regulations is required Strong analytical skills, knowledge of banking laws and regulations and problem-solving ability Excellent leadership, coaching, interpersonal, oral and written communication skills are necessary for maintaining effective relationships with employees, managers, auditors and examiners Ability to maintain confidentiality, good business judgment and exercising discretion in performing daily duties Prior project management experience Prior experience developing and implementing risk and compliance programs Extensive PC knowledge in order to train and direct employees using applications and operating systems Ability to work effectively in a fast-paced environment and meet deadlines Position requires sitting for extended periods of time Fifteen years, or more, of financial services experience is preferred Educational experience, through in-house training sessions, formal school or financial industry related curriculum is preferred Prior alerts resolution and/or investigative cases experience is preferred Bilingual in English and Spanish is desired Track record of collaborating with executive management and staff to establish and improve operational structures that support compliance efforts and business growth Sound judgement, with a well-developed sense for risk identification, assessment and decision making with a high level of integrity Outstanding written and verbal communication skills. Proven experience advising, negotiating, influencing, and collaborating with others in the decision-making process across all levels of the organization ACAMS, CFE, CRCM or related certification preferred. ORGANIZATION This position reports to the FID Director & BSA Officer. This position may oversee assigned FID Managers, Assistant Managers and or Team Leads. Training Requirements All employees are required to attend scheduled mandatory trainings and complete online regulatory compliance training courses applicable to their specific job function. In all situations, employees must ensure that their actions fully comply with all federal banking laws and regulations, including internal bank policies and procedures. Failure to adhere to these requirements will be grounds for disciplinary action, including probation and possible termination. COMMUNITY INVOLVEMENT Lone Star National Bank’s Mission Statement includes a commitment to helping our communities grow by serving them with pride and integrity. All employees are encouraged to volunteer for bank sponsored activities, civic, charitable and community events and to be active in the communities we serve. LSNB is an Equal Opportunity/Affirmative Action Employer and does not discriminate in the recruitment, hiring, and conditions of employment on the basis of race, color, religion, national origin, sex (including pregnancy), sexual orientation, gender identity, marital status, disability, age, veteran status, or any other status as protected by applicable laws. Management reserves the right to change this position description at any time according to business needs. #J-18808-Ljbffr