Summary Under the general supervision of the BSA/Deposit Compliance Officer, this position independently performs a wide variety of general or specialized functions in regard to Deposit Compliance, Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT) and Office of Foreign Assets Control (OFAC) Policy and Procedures. Conducts compliance testing and monitoring of policy, procedures, and customer transactions against all applicable laws and regulations throughout the company. Assists Chief Risk Officer in testing and monitoring with compliance and risk reviews, as needed.

Essential Duties and Responsibilities include the following. Other duties may be assigned. 

Bank Secrecy Act

· Assist the bank’s BSA Officer to ensure compliance with BSA and FinCEN requirements.

· Provides assistance with Bank Secrecy Act Administration ensuring regulatory deadlines are met.

o Overall review of customer transactions/monitoring

o Currency Transaction Report (CTR) filings

o Suspicious Activity Report (SAR) write-ups & monitoring

o Subpoena and summons requests

o Reviews alerts generated from the BSA software

· Review Currency & Large Dollar reports.

· Conduct Customer Due Diligence & Enhanced Due Diligence reviews.

· Perform the FinCEN 314(a) reviews every two weeks.

· Assist with reviews of new Customer Information Files (CIF) records for compliance with Customer Information Program (CIP).

· Monitor year-end reporting on all non-resident aliens.

· Monitor potential OFAC matches and takes appropriate action to escalate when necessary.

· Review monetary instrument logs for anomalous activity.

· Assist with annual reviews of customer exceptions from currency transaction reporting.

Deceased Customers

· Completes Estate inventories. This may include working with the estate attorney.

· Review required documentation for deceased customers.

· Work with bank staff in obtaining appropriate documentation on deceased customers.

· Process interest adjustments for deceased customers and beneficiaries for year-end reporting.

Garnishments

· Processes and tracks all garnishment/levy requests.

Third-Party Vendor Management

· Assists Chief Risk Officer with annual vendor risk assessments and periodic monitoring.

Checkback

· Performs checkback on all new CIF records and maintenance.

· Performs checkback on all new DDA, CDA and SDB and maintenance.

· Performs checkback on IRA’s

· Performs checkback on Reg CC Holds.

· Performs checkback on beneficial ownership documentation.

· Indexes all “scanned” documents in Director Software.

Compliance

· Assist with conducting compliance training for the bank’s board of directors and bank staff.

· Conduct compliance reviews for each area of the Bank’s operations.

· Perform surprise cash drawer audits at all VisionBank locations. Provide compliance support to VisionBank staff.

· Assist with year-end system reviews, including IRAs, 1099 form reviews, CIF records, etc.

· Performs year-end processing and reviews for IRAs, including excess contributions, and ensuring required minimum distributions (RMD) have been satisfied.

· Processes required reporting on deceased IRA customers and beneficiary payouts.

IRAs (provides back up support)

· Reviews new IRA files and all IRA transactions for accuracy.

· Prepares and processes all required IRA documentation to customers, including annual documentation.

· Performs year-end processing and reviews for IRAs including excess contributions and ensuring Required Minimum Distributions (RMD) have been satisfied.

· Oversees and administers all RMDs.

· Processes required reporting on deceased IRA customers and beneficiary payouts.

Additional Responsibilities

· Monitor overdrawn account activity.

· Assist with Return Mail.

· Prepare management reports as needed.

· Performs special projects as assigned.

· Demonstrate compliance with all bank regulations and keeps up to date on regulation changes.

· Adheres to all State and Federal Banking regulations.

· Participates in civic activities to promote growth and development of the community and a positive image of the bank.

Supervisory Responsibilities

This job has no supervisory responsibilities.

Core Competencies

To be successful in this role, the employee must demonstrate sound judgment, professionalism, integrity, and a commitment to the organization's mission, values, and policies. The position requires strong analytical, problem-solving, organizational, and project management skills, with the ability to manage competing priorities, adapt to changing business needs, and consistently deliver high-quality, accurate, and timely results.

The employee who is successful in this role, communicates effectively, both verbally and in writing, builds collaborative relationships, provides exceptional customer service, and works productively with diverse teams. This role requires initiative, accountability, continuous learning, and the ability to make informed decisions while maintaining confidentiality and exercising good judgment.

Employees are expected to contribute to a positive and inclusive work environment, demonstrate leadership appropriate to their role, embrace innovation and continuous improvement, use organizational resources responsibly, and maintain a strong commitment to safety, quality, dependability, and ethical conduct.

Supervisory positions are additionally expected to effectively lead, develop, and support employees through coaching, delegation, performance management, and change leadership.

Qualifications 

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education and/or Experience

High school diploma or general education degree (GED). A minimum of two years of banking experience is required. Preferred experience in compliance.

Language Skills

Ability to read and comprehend simple instructions, short correspondence, and memos. Ability to write simple correspondence. Ability to effectively present information in one-on-one and small group situations to customers, clients, and other employees of the organization.

Mathematical Skills

Ability to add, subtract, multiply, and divide.

Reasoning Ability

Ability to apply common sense understanding to carry out detailed but uninvolved written or oral instructions. Ability to deal with problems involving a few concrete variables in standardized situations.

Computer Skills

To perform this job successfully, an individual should have knowledge of Microsoft Suite software.

Certificates, Licenses, Registrations Other Skills and Abilities

Other Qualifications

· Knowledge of compliance laws and regulations including federal and state banking regulations.

· Must be able to travel to all bank locations.

Physical Demands 

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this Job, the employee is regularly required to sit; use hands to finger, handle, or feel; reach with hands and arms and talk or hear. The employee is occasionally required to stand; walk; climb or balance and stoop, kneel, crouch, or crawl. The employee must regularly lift and/or move up to 20 pounds. Specific vision abilities required by this job include close vision and color vision.

Work Environment 

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The noise level in the work environment is usually moderate.

VisionBank is an Equal Opportunity Employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, ancestry, pregnancy status, sex, age, marital status, medical conditions, sexual orientation, gender identity or expression, veteran and/or disability status.