• Job Description

  Req#: 1522

  Overview

  Chesapeake Bank-

  Want to build a successful career with a financial institution that excels in the industry and has “fun” as one of its corporate values? Our team has high levels of employee engagement, proven in yearly external engagement surveys that rank us in the top 200 banks for multiple years running. We offer competitive benefit plans and have high levels of job satisfaction. Chesapeake puts an emphasis on knowing that we are only as strong as the communities we serve, therefore we contribute service hours and money to our local communities.

  Talk to us about a career that makes you want to get up and come to work, have fun and make a difference.

  Want to read more about why you should join the team, click the link below:

  Top 10 Reason You Should Explore a Career with Chesapeake Bank

  Summary: The Bank Secrecy Act (BSA) Officer is responsible for coordinating the development, implementation and administration of all aspects of the corporate wide BSA Compliance Program. This position monitors compliance with the BSA Act, USA PATRIOT Act, Anti-Money Laundering (AML) and OFAC laws and regulations. Understand your role as defined by the three lines of defense to maintain a compliance culture that includes risk management processes.

  Responsibilities

  • Developing, implementing, and administering the corporate BSA compliance program that ensures the financial institution’s Compliance with laws, regulations and rules governing operations and product offerings.
  • Develop and maintain BSA related policies and procedures.
  • Coordinate and assist in the administration of independent, state and federal regulator and auditor examinations and review.
  • Coordinate responses to regulatory BSA/AML examinations and audits and actions taken to ensure deficiencies are corrected.
  • Maintaining proficient knowledge of the current AML compliance climate, including BSA, USA Patriot Act, OFAC, and CIP regulations.
  • Works with staff to investigate transactions that are suspicious in nature.
  • Maintain an open line of communication with the Fraud Manager to coordinate review and monitoring of potential SAR reporting.
  • Responsible for the submissions of Suspicious Activity Reports (SARs) for BSA/AML related activities.
  • Provide monthly reporting to Board on SAR activity.
  • Ensure compliance with all applicable reporting and recordkeeping requirements.
  • Oversee the submissions of CTRs to FINCEN.
  • Oversee reviews and recommendations for Exemptions.
  • Oversee reviews for Money Service Businesses (MSBs), Private ATMs and HEMP/CBD accounts.
  • Participate in Compliance Committee.
  • Report annually to the Board of Directors on BSA.
  • Responsible for annual BSA training for the Board of Directors and employees.
  • Oversee periodic review of BSA Training for new hires.
  • Oversee the annual review/update to the BSA/AML and OFAC Risk Assessments.
  • Review and sign off on reports prepared by BSA Staff.
  • Keep abreast of trends through active participation in professional groups and educational opportunities.

  Requirements

  • Five to ten years of work in a financial institution, including supervisory experience.
  • Professional designation preferred. (ACAMs, CAFP, CBAP, or CFE)
  • Strong general banking experience to include banking regulations, specifically compliance regulations as related to BSA/AML.
  • Knowledge of all financial institution policies and procedures.
  • Good verbal and written communication skills, including the ability to respond to common inquiries from regulatory agencies, courts and outside consultants.
  • Extensive ability to read, analyze and interpret government regulations, trade journals and legal documents.
  • Good understanding of human relations and the ability to maintain satisfactory relationships with all employees.

• About the company

  Chesapeake Bank is a United States community bank based in Kilmarnock, Virginia.

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