BANKWELL FINANCIAL GROUP, INC.
JOB DESCRIPTION
Job Title: BSA Coordinator
Department: Risk and Compliance Department
Reports To: Compliance Officer; and Chief Risk Officer (BSA Officer)
Approved by: Michele A. Johnson, CRO
Approval Date: January 30, 2014
Summary of Position:
The BSA Coordinator is responsible for supporting the Compliance Department by assisting in monitoring, reviewing, maintaining, and improving the Bank’s BSA/AML/OFAC and overall Compliance Program to ensure compliance with applicable bank laws and regulations.
Essential Duties and Responsibilities:
BSA/AML/OFAC Role:
· Complete required annual Bank Secrecy Act training
· Use Fiserv’s Clear Touch “AML Manager” and “Fraud Manager” systems to perform monitoring activities
· Monitor for suspicious activities; assist the BSA Officer with suspicious activity investigations; prepare and file SARs when approved
· Review CTRs for accuracy; file CTRs with the IRS; process IRS correspondence
· Review Monetary Instrument Logs for accuracy
· Effectively coordinate with branches and departments when additional information or documents are needed to perform job duties and responsibilities
· Assist the BSA Officer with the review of BSA Policy, BSA and OFAC Risk Assessments, and annual report to the Boards of Directors
· Assist the BSA Officer with exemptions; maintain exemption files
· Assist the BSA Officer in maintaining and updating the BSA and OFAC Procedures Manual
· Maintain BSA Department records as required by BSA and OFAC regulations
· Gather materials for BSA audits and examinations
Other Compliance Tasks:
· Support the organization’s Compliance Program by assisting the Compliance Officer and the Chief Risk Officer with various duties, as assigned
· ABA Frontline Compliance Training Administrator Backup
o Serve as the backup to the Department’s Administrative Assistant, who will be assigned as the Administrator
· Identity Theft Red Flag Detection Report Forms
o Monitor receipt of forms by comparing against the Customer Complaints Logs for each Bank and against the Deposit Operations Reg. E Log; follow up with branches or departments, if needed; enter Forms to ID Theft Log
· Compliance Audits, Monitoring Reviews, and Examinations
o Assist the Compliance Officer in preparing for compliance-related audits, monitoring reviews, and regulatory examinations; maintaining records; corrective action; responses
· Compliance Department Procedures Manual
o Assist in updating and maintaining the Department Procedures Manual
Other Duties as Assigned
Supervisory Responsibilities (if applicable)
Not applicable
Qualifications:
· Knowledge of all applicable State and Federal compliance regulations and laws (over time)
· Ability to manage multiple and changing priorities
· Meet regulatory and internal deadlines
· Excellent oral and written communication skills
· Must be proactive, self-motivated, and a self-starter
· Possess good interpersonal skills
· The ability to communicate with people at all levels of the Bank including Senior Management and the Board of Directors
· Strong sense of integrity and personal ethics
Education/Experience:
Bachelor’s degree in Accounting, Business Administration, or Finance preferred. Knowledge of applicable banking regulations. Branch or Operations experience preferred.
Computer Skills:
Basic PC skills. Familiarity with basic Windows and Microsoft programs including the ability to create Word Documents, Excel spreadsheets, and Power Point presentations.
Key Results Areas:
· Successful internal audit and regulatory examination results regarding the BSA functions.
Records and files to be maintained in an organized manner, such as BSA and OFAC Procedures Manual, BSA-related files.
Position Description Addendum
BSA Coordinator
Employee Essential Functions: The functions essential to the adequate fulfillment of this position’s responsibilities are such that the employee must have:
· Intellectual capacity sufficient to
Ø read or hear and comprehend complex and specialized text.
Ø learn and perform specialized analyses of complex situations and trends.
Ø compose written reports and other documentation on complex and specialized subjects.
· Communications skills sufficient to
Ø understand, speak and read English.
Ø communicate or present written and oral materials of a complex and specialized nature in an understandable way.
· Physical capabilities which include
Ø ability to extend one’s arm(s) in any direction.
Ø ability to manipulate small objects precisely by whatever means.
Ø ability to express or exchange ideas by means of the spoken word, both speak and hear.
Ø ability to be subject to substantial repetitive motions of the body or its parts
Ø ability to lift up to 10 pounds occasionally and or a negligible amount of lifting frequently or constantly to move objects.
Ø ability to sit, stand, or remain in one position for long periods of time.
ability to move from place to place within an office and/or travel from office to office over an extended area.
This job description indicates the general nature and level of work expected of the incumbent. It is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities required of the incumbent. Incumbent may be asked to perform other duties as required.
CONTACT: Mary Lynn Drake, HR Director; .
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