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Bank Secrecy and Anti-Money Laundering Support Manager

Company: First Mid Bank & Trust
Location: Saint Louis
Posted on: June 25, 2022

Job Description:

The BSA Support Manager is responsible for the overall management of the day-to-day functions of the BSA team ensuring established policies and procedures are followed. Responsible for leading, coaching, and guiding team members. This position performs various quality control reviews, risk assessments, and monitoring in the area of Bank Secrecy Act, USA Patriot Act, Anti-Money Laundering, and Office of Foreign Assets Control using industry standards and regulatory guidance to ensure the Bank's compliance efforts are maintained daily. The BSA Support Manager works in cooperation with, and reports directly to, the BSA & Fraud Officer.Responsibilities include, but are not limited to:

  • Maintains proficient knowledge of the respective regulations, policies, and procedures, including those for the Bank Secrecy Act, USA Patriot Act, Anti-Money Laundering, and Office of Foreign Assets Control.
  • Develops and maintains procedures in conjunction with the regulations.
  • Performs various quality control reviews in conjunction with bank policies, procedures, and objectives relating to the Bank's BSA/AML/OFAC Compliance Program ensuring ongoing activities are following regulatory requirements.
  • Continually evaluates and incorporates new processes for higher efficiencies especially with product changes within the Verafin monitoring program.
  • Exercises control over the day-to-day operational functions.
  • Maximizes employee performance by monitoring their schedules and job duties assigned. Conducts performance evaluations and provides recommendations about hiring, discipline, promotion or termination of staff.
  • Responsible for continual training and development of staff, which includes regulations, operational policies and procedures, customer service, and risk management.
  • Serves as an administrator of the Verafin software.
  • Complete required training associated with job function.QualificationsEducation/Experience:
    • Bachelor's degree or commensurate banking experience
    • 3+ years of BSA compliance experience preferred
    • 3+ years of management or supervisory experience preferred
    • Ability and willingness to achieve professional certification related to position preferredSkills:
      • Strong written and oral communication skills.
      • High degree of confidentiality and integrity.
      • High level of interpersonal skills in order to represent the bank in a professional manner.
      • Thorough knowledge of Microsoft Office products.
      • Excellent organizational skills to complete multiple tasks accurately, timely, and in a confidential manner.
      • Excellent analytical abilities to assess operational processes balancing between risk exposure and functional efficiencies.
      • Ability to deal with complex problems involving multiple aspects and variables in non-standardized situations.
      • Excellent knowledge of banking policies and procedures and the respective state and federal laws and regulations governing departmental functions.
      • Ability to lead, motivate, encourage, and mentor others.First Mid Bancshares, Inc. is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, gender identity, sexual orientation, protected veteran status, or any other applicable federal or state-protected classification.THIS JOB DESCRIPTION DOES NOT CONSTITUTE A CONTRACT FOR EMPLOYMENTLP123#LI-POST

Keywords: First Mid Bank & Trust, St. Louis , Bank Secrecy and Anti-Money Laundering Support Manager, Executive , Saint Louis, Missouri

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