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Bank Secrecy Act (BSA) / Compliance Officer

Location: Main Branch (150 Hauenstein Road, Huntington, IN)

Working at Bippus State Bank is more than a job. We’re a community bank with local roots that cares about not only our customers but our employees because at the end of the day, they are one of most important assets. When you join our team, you participate in our mission to provide financial solutions to our customers, go the extra mile to deliver exceptional service and build a better, more prosperous community around us.

 

DESCRIPTION

Our Compliance Officer ensures the company functions in a legal and ethical manner. This role’s primary responsibility will be to:

  • Administer the bank's BSA program. Develop and/or revise policies, procedures, and programs in support of the administration of the bank's BSA program
  • Conduct regular training for the Board of Directors and staff on BSA-AML policies and procedures
  • Investigate transactions that are suspicious in nature, and submit Suspicious Activity Reports for BSA-AML-related activities
  • Monitor and track BSA-AML high-risk customers and accounts. Manages the CTR process
  • Assists with the administration of anti-money laundering/OFAC software to monitor and report all BSA-related activities to management as directed
  • Coordinate with internal and external auditors, including regulatory examiners, during audits and examinations to provide requested information as well as interim consultation
  • Maintain proficient knowledge of applicable rules and regulations, including but not limited to, the Bank Secrecy Act (BSA), USA Patriot Act, and OFAC
  • Lead the Bank's deposit operations compliance. Coordinate with operations personnel on new account BSA/customer information compliance
  • Examines establishment policies, procedures, and practices to ensure compliance with laws and regulations
  • Stays abreast of changes to federal and state banking laws and regulations affecting the management, operations, and product offerings of the establishment
  • Coordinates with legal counsel and operating departments to ensure adherence to laws and regulations relating to new or revised products and services offerings
  • Oversees the revision, preparation, and dissemination of new and updated compliance standards and procedures.
  • Coordinates, supervises, and supports establishment's compliance-related programs, such as compliance training, compliance testing and reporting, disaster recovery, contingency planning, and records warehousing and destruction
  • Informs and advises management of conditions and status of establishment adherence to laws and regulations
  • Consults with and advises operating units and managers affected by compliance issues and regulatory requirements
  • Other duties may be assigned

HOURS

Full Time; Monday – Friday (40 hours per week)

QUALIFICATIONS

  • Bachelor’s Degree (B.A.) from four-year college or university (required)
  • 4+ years related job experience and/or training (required)
  • BSA experience, including previous role as a Compliance officer or equivalent (required)
  • Lending compliance background preferred
  • Verafin knowledge and/or experience preferred
 
Qualifying candidates may submit their resumes for hmorrison@bippusbank.com