SVP BSA & Compliance Manager Position Available In Pasco, Florida

SVP BSA & Compliance Manager First National Bank of Pasco Inc 13315 Us Highway 301, Dade City, FL 33525 POSITION

DESCRIPTION

Position Title:

SVP, Deputy

BSA/AML & OFAC

Officer Location:

Dade City Office Department:

Compliance & BSA FLSA:

Exempt Reports To:

Status:

Salary , Full-Time EVP – Chief Risk, BSA & Compliance Officer (solid line)

Supervises:

BSA/AML Department Summary:

This position assists with the oversight, development, and daily operations of the Bank’s regulatory Bank Secrecy Act and Anti-Money Laundering (BSA/AML) program, including Office of Foreign Assets Control (OFAC) and is responsible for handling the day-to-day responsibilities for monitoring of customer and transactional compliance.

ESSENTIAL DUTIES AND RESPONSIBILITIES

Core duties and responsibilities include the following. Hire, recruit and retain BSA/AML and OFAC staff with the requisite skill and expertise to mitigate Bank risk associated with anti-money laundering, fraud and other financial crimes. Oversee suspicious activity monitoring and reporting, including disposition of alerts, case logs, and decisions to file or not file SARs to FinCEN are completed thoroughly, accurately, and timely. Oversee compliance with onboarding of new customers ensuring they are evaluated through Customer Identification Program (CIP), Customer Due Diligence and Enhanced Due Diligence (CDD/EDD) activities. Oversee government report requirements including new and continuing 90-day SARs, Currency Transaction Reports (CTRs), 314(a) and Money Laundering Reports (MLRs). Oversee customer and account relationship reviews are conducted completely, accurately, and timely according to their risk level. Assist with internal audits and OCC examinations of control adequacy. Assist with ensuring corrective action plans from auditors and regulators are completed thoroughly and timely. Assist with the selection and management of third-party relationships for administration of the Bank’s primary BSA/AML monitoring tool, VERAFIN. Determine whether VERAFIN tool functionality and settings are appropriate for the Bank’s products and services and customer risk profile. Participate in onboarding of new products or services deemed to be within the Bank’s approved risk appetite. Evaluate other third-party engagements such as transaction lookbacks or other special projects as required to demonstrate compliance with trailing obligations upon exit of a product or service. Oversee quality assurance and quality control of deliverables through testing and inspection of departmental work products. Assist in the development and present BSA/AML mandatory training for staff and Directors assuring it meets industry expectations. Experience collaboratively interacting with federal and state banking regulators is required.

EDUCATION AND/OR EXPERIENCE

Professional certification or license, i.e., Certified Anti-Money Laundering Specialist (CAMS) or higher education preferred. Fifteen to twenty years of experience in banking or regulatory compliance knowledge of subject areas (with five to seven years of BSA/AML department head experience), understanding of business lines and risk management skills preferred. Excellent interpersonal and both written and oral communication skills. Good understanding of operations in other departments. Strong project management and ability to multi-task. Excellent attention to detail and ability to operate standard office equipment. Strong word processing, spelling, grammar, and organizational skills. Ability to work independently with limited direction from supervisor. Ability to meet tight deadlines. Ability to independently learn and maintain compliance knowledge.

COMPUTER SKILLS

To perform this job successfully, an individual should have knowledge of Microsoft Office software and able to learn specialized software systems with ease. Must have internet access and be familiar with Teams.

COMPANY CONFORMANCE

In the performance of respective tasks and duties, the employee is expected to successfully perform quality work within deadlines with or without supervision, interact professionally with other employees, customers and suppliers; work effectively as a team contributor on all assignments and work independently while understanding the necessity for communicating and coordinating work efforts with other employees and organizations.

PHYSICAL DEMANDS/WORK CONDITIONS

In the performance of respective tasks and duties, the employee is expected to successfully perform the essential functions of the position. Reasonable employee accommodations for physical or mental disabilities will be considered on a case-by-case basis. While performing duties the employee is required to sit, talk, hear, lift up to 50 lbs., and may be required to work evenings and/or weekends, attend remote meetings and/or travel.

OTHER DUTIES

This job description in no way should be construed as a contract for employment. These job duties may be subject to change at any time due to reasonable accommodation or other reasons. Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time.