Risk Analyst/BSA Officer

• 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.

This position requires attention-to-detail, computer skills which may include Excel and Word and be able to demonstrate the ability to learn specific computer programs required of the position. This position must be able to handle unplanned interruptions and be able to meet deadlines.

This role is an in office role, housed in our downtown Decorah location, with potential for occasional remote work upon completion of training.

Education and/or Experience:

• Associate degree preferred; High school diploma or general education degree (GED) required. 6 months banking experience preferred. 

Language Skills:

• Ability to read and comprehend simple instructions, short correspondence, and memos. Ability to write simple correspondence. 
• Ability to effectively present information in one-on-one and small group situations to customers, clients, and other employees of the organization.

Mathematical Skills:

• Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals. 

Reasoning Ability:

• Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form. 
• Ability to deal with problems involving several concrete variables in standardized situations.

Physical Demands: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• While performing the duties of this job, the employee is frequently required to sit and talk or hear.
• Occasionally required to walk.
• Occasionally lift and/or move up to 10 pounds. 

Work Environment: The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• The noise level in the work environment is usually moderate.
• Exposed to potentially hazardous condition - robbery.