Job Title: Compliance Analyst & Bank Secrecy Act (BSA) Specialist
Location: Winston-Salem, NC
Job Type: Full-Time
Overview
Join our dynamic team as a Compliance Analyst & Bank Secrecy Act (BSA) Specialist, where you will play a critical role in supporting the Bank’s compliance program. This vital position focuses on ensuring strict adherence to all banking regulations, with a strong emphasis on BSA compliance, federal regulations, and oversight of mortgage operations. If you have a passion for financial compliance and want to be part of an organization committed to maintaining the highest standards, we encourage you to apply.
Key Responsibilities
Compliance Monitoring & Testing
- Execute a robust monitoring and testing program to ensure compliance with all applicable laws and regulations.
- Track and resolve any identified issues to completion to ensure continuous improvement in compliance practices.
Transaction Monitoring & Reporting
- Conduct detailed reviews of client transactions to identify potential suspicious activities, such as money laundering or illicit financial behavior.
- Assist in preparing and submitting regulatory reports to ensure compliance with BSA/AML regulations.
Loan File Quality Control
- Oversee the monthly pre-funding and post-closing quality control file review process, ensuring accurate and timely reporting of findings.
- Ensure that loan files meet regulatory and investor guidelines, taking corrective actions to resolve any discrepancies.
Fair Lending Compliance
- Identify and investigate any potential fair lending disparities or discriminatory practices in lending activities.
- Prepare and present fair lending reports to the Fair Lending Committee.
Audit & Regulatory Oversight
- Assist with internal and external audits, regulatory examinations, and compliance reviews to ensure adherence to all relevant compliance standards.
- Provide consistent updates on regulatory changes and assist in updating internal policies to reflect those changes.
Training & Development
- Participate in ongoing training programs to stay up-to-date on regulatory changes and industry best practices.
- Cross-train with team members and provide backup support as necessary.
Qualifications
Education & Experience
- Bachelor’s degree in Business, Finance, Law, or a related field.
- Minimum of 4 years of experience in compliance, with a focus on BSA, AML, OFAC, and financial regulations.
- Strong knowledge of loan origination processes, documentation requirements, and regulatory guidelines such as RESPA, TILA, FHA, VA, etc.
- Experience with transaction monitoring systems, including SAR/CTR filing processes.
Skills & Abilities
- Excellent analytical, research, and problem-solving skills.
- Proficient in interpreting complex loan documentation and identifying potential risks.
- Detail-oriented with the ability to identify discrepancies, errors, and compliance issues.
- Strong proficiency in Microsoft Office Suite (Excel, Word, PowerPoint) and compliance monitoring tools.
- Ability to manage multiple tasks, prioritize effectively, and meet deadlines in a fast-paced environment.
- Strong communication skills (verbal, written, and interpersonal) to collaborate effectively with internal and external stakeholders.
- Knowledge of risk/compliance management, including fraud prevention and mitigation techniques.
How to Apply
If you’re ready to make a meaningful impact and join a leading financial institution committed to compliance excellence, apply today! We look forward to hearing from you. Email your resume to Julia Yeargan at jyeargan@theresource.com.