Risk Analyst/BSA Officer

Decorah Bank & Trust
Leadership & Service to Others * Growth Mindset * Teamwork * Have Fun!
Our Compliance Department is growing, and we are excited to add a full-time Risk Analyst/BSA Officer to our team. If you are passionate about helping build and maintain a strong compliance culture, this may be the perfect opportunity for you.
This position is responsible for developing, implementing, and administering all aspects of the Bank's BSA/AML program, including providing strategic direction designed to support organizational growth, leadership, and day-to-day management. In this role, you will help strengthen the Bank's compliance culture while supporting key risk management and regulatory compliance initiatives.
This role is also responsible for assisting the bank, to the best of the employee’s abilities, in complying with applicable state and federal banking rules and regulations as they pertain to this position including, but not limited to, the Bank Secrecy Act. Must embrace and uphold the bank’s Code of Conduct, Core Values, and Service Standards.

Essential Duties and Responsibilities include the following. Other duties may be assigned.

• Responsible for maintaining and implementing Bank’s BSA/AML program.
• Maintains a current knowledge of the Bank Secrecy Act and all related AML and OFAC regulations. Monitors legislative and regulatory developments and reports important developments to management, Board of Directors and other bank personnel as applicable.
• Develop and facilitate BSA/AML training program.
• Identify and measure BSA/AML risks associated with products and services offered, make recommendations to management on policies, procedures, systems, controls and training to address those risks.
• Responsible for BSA/AML software, including set up of risk ratings, scenarios, periodic parameter testing, and maintenance. Monitoring and working cases generated in BSA/AML software and reports significant findings to management.
• Perform and document due diligence reviews for money service businesses, marijuana related businesses, and private ATMs.
• Compiles information for year-end annual Board report and Suspicious Activity Report (SAR) reporting.
• Responsible for OFAC and 314(a) database scrubs, alternating with the Risk Analyst.
• Assists with tracking and filing contracts/documents for Third Party Management and keeping the vendor spreadsheet up to date.
• Processes garnishments, levies and subpoenas in accordance with regulations and maintains accurate records.
• Compiles information for monitoring, risk assessments, scorecards, board reports, exams, audits, etc.
• Provides assistance to the Risk Officer with additional duties as assigned.

Miscellaneous:

Assist and support other bank functions outside the normal scope of duties as needed to contribute to the overall success of the organization.

Supervisory Responsibilities:

This role currently has no supervisory responsibilities.

Reasonable Accommodations Statement:

To accomplish this job successfully, an individual must be able to perform, with or without reasonable accommodation, each essential function satisfactorily. Reasonable accommodations may be made to help enable qualified individuals with disabilities to perform the essential functions.