Compliance Analyst

Classification: Salary Reports to: Compliance/BSA Officer

Work Schedule: 8:00 a.m. – 5:00 p.m. Monday through Friday Location: Topeka

Organization: Community National Bank was founded in 1984 by a group of individuals in Nemaha County, Kansas with diverse local ownership with decisions made on a local level.

Duties and Responsibilities

Bank Secrecy Act / Anti-Money Laundering Analyst

Mission:

This position is responsible for providing assistance to the Compliance/Bank Secrecy Act (BSA) Officer and BSA/AML Analyst to ensure regulatory compliance with BSA/AML/OFAC rules and regulations. The position will assist with monitoring, account reviews, customer due diligence, transaction monitoring, and other activities necessary to support the effective operation of the Bank’s BSA/AML program.

Major Duties:

• Perform next-day review of new consumer and business accounts for compliance with the Bank’s CIP, CDD and applicable beneficial ownership requirements.
• Track outstanding CIP, CDD, and beneficial ownership exceptions and follow up with appropriate team members for resolution.
• Perform research and due diligence necessary to support the investigation and disposition of Verafin alerts in accordance with established procedures.
• Assist with High-Risk Customer reviews and other customer due diligence reviews as assigned.
• Review assigned Verafin reports, system exceptions, and other monitoring reports and escalate unusual activity for further investigation.
• Assist with the review and documentation of Unusual Activity Referrals (UARs) and customer or team member referrals involving unusual activity.
• Assist with CTR preparation, review, corrections, and exemption monitoring as assigned.
• Maintain clear and accurate documentation supporting completed reviews, alert dispositions, and due diligence.
• Assist with BSA/AML monitoring, testing, data validation, and quality control activities as assigned.
• Provide assistance to the Compliance/BSA Officer with additional duties as assigned

Duties and Responsibilities

Compliance

Mission:

To provide support and assistance to the Compliance Officer in the research, monitoring, and implementation of regulatory requirements. To assist in the monitoring of established compliance controls and the identification and escalation of potential regulatory or operational concerns.

Major Duties:

• Maintain a working knowledge of specific regulations as assigned.
• Maintain an understanding of the regulatory process and follows legislative and regulatory developments as assigned.
• Perform next-day reviews of Reg CC holds and associated notices for compliance with applicable regulatory requirements and Bank procedures.
• Identify exceptions noted during compliance reviews and work with appropriate team members to obtain supporting documentation or corrective action.
• Conduct compliance research using applicable regulations, regulatory guidance, Bank policies and procedures, and other approved resources.
• Assist with applicable regulatory reviews as assigned.
• Assist with development and maintenance of compliance procedures, checklists, jobs aids, and other resources.
• Assist with tracking exceptions and corrective actions resulting from compliance monitoring, audits, or regulatory examinations.
• Provide assistance to the Compliance Officer with additional duties as assigned.

General

Responsibilities

• Support CNB’s strong relationship culture through quality customer service and superior product knowledge.
• Ensure work assignments are completed accurately and in a timely manner.
• Seek counsel of supervisor on issues as appropriate
• Work collaboratively with staff to maintain a team environment.
• Model professional behavior while effectively working as a team member or cross-functionally.
• Flexible to accept additional assignments as requested by leadership.
• Professionalism while representing CNB (onsite, professional and community events and via communications)
• Participate and attend meetings as requested.
• Recommend policies and procedures as it relates to area of responsibility.
• Follow CNB’s policies and procedures.
• Other duties as assigned or requested by management.

Qualifications

• One (1) to two (2) years of BSA/AML and compliance experience required.
• Working knowledge of banking operations, products, services, transactions, and processes preferred.
• Experience with Verafin or other transaction monitoring software preferred.
• Must have strong organizational and planning skills with the ability to recover from and adjust to change.
• Must have the ability to maintain an independence or autonomy like that of an auditor.
• Must possess verbal/written communication skills and the ability to communicate professionally with all levels of Bank personnel.
• Ability to manage multiple assignments while meeting established deadlines.
• Must have strong research and problem-solving skills with the ability to review information, identify inconsistencies, and appropriately escalate concerns.
• Ability to maintain a high level of integrity and confidentiality.
• Knowledge of bank and workflow software and Microsoft office (word, excel, PowerPoint, etc.)
• Ability to work independently within established procedures while seeking guidance when appropriate.

Physical Demands:

The physical demands described are representative to those that must be met by an employee to successfully perform the essential functions of this job. While performing the duties of this job, the employee must be able to stand and sit for extended lengths of time, read computer screens, talk on the phone, unpack and move supplies up to fifty (50) pounds, reach, kneel, bend, climb and balance. Vision abilities required for this job include close vision.

Work Environment:

While performing the duties of this job, the work environment is primarily a professional, deadline driven environment with interaction of internal team members and external customers. Noise level in the work environment can be loud.

Additional Duties:

This job description is only a summary of the typical functions of this position, not an exhaustive nor all-inclusive list of all possible job responsibilities, tasks, duties, knowledge, skill, and ability required to perform this job. Additional duties and responsibilities may be added to this job description at any time. The job description does not state or imply that these are the only activities to be performed by the employee(s) holding this position. Employees are required to follow any other job-related instructions and to perform any other job-related responsibilities as required.

In accordance with the Americans with Disabilities Act, it is possible that requirements may be modified to reasonably accommodate individuals. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform essential functions. However, no accommodations are made which may pose serious health or safety risks to the team member or others, or which impose undue hardships on Community National Bank. An individual seeking an accommodation should contact the Human Resources Manager or CEO.

Job descriptions are not intended to and do not create employment contracts. Community National Bank maintains its status as an at-will employer. Team members can be terminated at any time, for any reason not prohibited by law. Community National Bank is an equal opportunity employer.