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AML Administration Ofcr Full-time

at Bank OZK in Florida (Published at 14-03-2019)

Position Description:

Job Purpose and Scope:

The AML Administration Officer reports to the Bank?s Corporate BSA Officer and contributes to the overall quality of the Corporate BSA Program by proactively providing leadership, training, guidance and education to team members of Bank of the Ozarks. The position implements and manages complex BSA Program projects and overall program enhancements.


Essential Job Functions:

  • Remains abreast of regulatory developments, industry trends, and the Bank?s roadmap to inform new projects or necessary updates to ongoing operations.
  • Conducts annual review of the BSA/AML Risk Assessment and makes any necessary amendments to ensure all associated risks are mitigated.
  • Assists in making appropriate changes to the BSA/AML policies and procedures as dictated by the Risk Assessment.
  • Provides guidance and support to all lines of business in areas of BSA and AML.
  • Develops and implements BSA/AML Program documentation related to program enhancements, revisions, updating policies and procedures, and metrics.
  • Identifies areas of the BSA/AML Program that require enhancements, proposes processes for mitigating gaps and works with relevant stakeholders to develop solutions.
  • Develops BSA statistical tracking and reporting to help identify any areas of concern which may negatively affect the BSA compliance program.
  • Assists in creating reports to executive management, Board of Directors, and various risk committees on BSA issues.
  • Ensures appropriate documentation is maintained, developed and implemented for all initiatives and processes to support regulatory, audit and BSA/AML requirements.
  • Communicates with internal and external auditors and examiners to complete request packages and remediate any program or process deficiencies.
  • Responds to all BSA audit and regulatory exam findings and recommendations and implements any mitigating processes.
  • Assists in evaluating any new Bank products or services for potential BSA risks.
  • Oversees AML training function.
  • Maintains appropriate professional certifications by attending training (CPE?s) as required.
  • Exercises discretion and good judgment in the performance of all job functions.
  • Assists the Corporate BSA Officer as required.
  • Assists in any future bank mergers or acquisitions, evaluating the overall BSA program and making appropriate recommendations to ensure a smooth transition, in addition to assisting in the ongoing integration of process improvements.
  • Performs other job responsibilities as required.


Knowledge, Skills & Abilities:

  • Knowledge of basic banking operations, policies, and procedures
  • Thorough knowledge of the FFIEC BSA/AML regulations
  • Ability to perform job functions with minimal direct supervision
  • Ability to comprehend and follow written and verbal instructions
  • Ability to remotely manage direct reports
  • Ability to multi-task, prioritize work projects, and meet deadlines
  • Basic computer skills including internet and email
  • Excellent written and verbal communications skills
  • Ability to travel including overnight stays
  • Ability to drive an automobile on company business
  • Proficiency with Microsoft Office Suite, specifically Excel, Outlook, and Word


Equipment Used in Job Performance/Working Environment:

  • Computer
  • Telephone
  • Photocopy Machine


Major Job Demands (Physical/Mental):

  • Problem Solving
  • Decision Making
  • Knowing and following Bank policies and procedures

Position Requirements:

Basic Qualifications:

  • Bachelor?s degree in related field or commensurate experience required.
  • Minimum of three (3) years BSA/AML experience in a financial or regulatory sector required.
  • Minimum of two (2) years? experience participating in complex projects required.
  • Minimum of two (2) years? experience preparing deliverables for management committees, senior leaders, and business unit managers required.
  • Minimum of two (2) years? experience working with FDIC, State and independent examiners/auditors required.
  • Experience with transaction monitoring software that generates alerts for potential BSA/AML and/or Fraud related activity (Examples include: Verafin, Mantas, Actimize, Bankers Toolbox, Patriot Officer, JHA Yellow Hammer, or a similar system) preferred.
  • A professional BSA/Risk Management certification or willingness to obtain one at the Bank?s discretion (bank sponsored). Examples include: CAMS, CFE, CBAP, CRCM, or commensurate BSA/Risk Management certification.



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