Summary

The position of BSA Analyst is focused on performing Due Diligence reviews on Cannabis related entities, internal monitoring of Cannabis related activity for adherence to all Bank Secrecy Act/Anti-Money Laundering requirements, State/Local rules and regulatory requirements, and with Bank policies and procedures. This position will assist the Compliance Officer in implementing and adhering to the Bank’s Compliance Management System Policy and Compliance Management System Program. This position will provide written documentation/reports, related to the Bank’s Cannabis customers to the Compliance Officer. In addition, this position will assist in training Bank personnel in Bank Secrecy Act/Anti-Money Laundering compliance matters as well as in Bank procedures. Further, this position will function as a resource to assist Bank personnel in resolving compliance related questions/issues and will recommend solutions to compliance/procedural issues noted during monitoring reviews.

Essential Duties

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

· Ensure proper new account documentation is obtained prior to opening account.

· Perform on-site cannabis business monitoring as necessary.

· Conduct CIP review and validation prior to opening accounts.

· Responsible for updating risk assessments for cannabis related businesses.

· Collect and review corporate records, ownership information, ongoing financial statements and business licenses as needed.

· Conduct due diligence prior to opening account to ensure all regulatory components have been met.

· Review and monitor state licensing requirements for various account types.

· Monitor and review day to day transactions related to cannabis business accounts.

· Ensure accuracy, timeliness and complete documentation of internal monitoring review(s).

· Provide monitoring reports to Compliance Committee as necessary.

· Monitor cash transactions and complete the filing of Currency Transaction Reports as needed.

· Responsible for accurate completion and filing Suspicious Activity Reports as needed.

· Conduct high risk account reviews, including trending various transaction types.

· Complete and review checklists associated with various product lines.

· Responsible for all areas related to Bank Secrecy Act including but not limited to: CTR and SAR filings, high risk account reviews, MSB reviews, CTR exemptions, CIP, OFAC, onsite visits, Beneficial Ownership, etc.

· Operates computer terminal office machinery to process account activity, determine balances, and resolve problems within given authority, image documents, etc.

· Provides an effective customer experience and assists in resolving problems within given authority.

· Maintains files, copies and faxes documents.

· Foster teamwork in the branch or department to ensure a positive overall customer experience and positive work environment.

· Participate in bank training to enhance skill set and meet compliance requirements.

· Perform duties related to other compliance department related activities/duties as assigned.

· Other duties as assigned by the Compliance Officer.

· Assists in answering telephones, answers questions and direct callers to proper Bank personnel

· Must be organized, self-motivated and team player

· Ability to operate a personal computer

· Punctuality and good attendance are imperative

· Cross-sell the Bank's other products and services, referring customers to appropriate staff as indicated.

· Foster teamwork in the branch or department to ensure a positive overall customer experience and positive work environment.

· Answer telephones, answer questions and direct callers to proper Bank personnel

· Participate in bank training to enhance skill set and meet compliance requirements.

· Non-Exempt - Ability to work your schedule up to 40 hours with little or no overtime and complete tasks assigned.

Minimum Requirements

These specifications are general guidelines based on the minimum experience normally considered essential to the satisfactory performance of this position. The requirements listed below are representative of the knowledge, skill and/or ability required to perform the position in a satisfactory manner. Individual abilities may result in some deviation from these guidelines.

Must be able to pass a background and credit check.

· High school diploma or general education degree (GED); and two years of banking experience, preferably with Herring Bank.

· Basic skills in computer terminal and personal computer operation; word processing and spreadsheet software.

· Basic math skills; calculate interest and balance accounts; add, subtract, multiply and divide in all units of measure, using whole numbers, common fractions and decimals; locate routine mathematical errors; count currency, coin and negotiable instruments in a timely manner.

· Must be a team player

· Excellent social and networking skills to support the community bank image

· Complete in-house training based on requirements set up for this position

· Proven ability to provide an Excellent Customer Experience

· Basic skills in computer terminal and personal computer operation; word processing and spreadsheet software.

· Effective oral, written and interpersonal communication skills with the ability to apply common sense to carry out instructions and instruct others, interpret documents, understand procedures, write reports and correspondence, speak clearly to customers and employees.

· Effective Time management skills

· Ability to maintain confidentiality at all times

· Ability to work with minimal supervision while performing duties.

· Ability to deal with routine problems involving multiple facets and variables.

· Must follow company policies, all state and federal laws, regulations and guidelines

· Current driver's license and a vehicle with appropriate insurance coverage if required to drive in the course of performing assigned duties and responsibilities.

The incumbent must be able to perform this position safely, without endangering the health or safety to themselves or others.

Secondary Duties

The position of MRB Analyst performs duties specific to the position and other functions as assigned.

Supervisory Responsibilities

The position of MRB Analyst has no supervisory responsibility.

Environment and Physical Activity

The environment for this position is an open office that is mostly clean and comfortable and may include driving a personal-owned vehicle approximately 25% of the time which includes exposure to the outside weather elements and moving mechanical parts. It may include some minor annoyances such as noise, odors, drafts, etc. The incumbent is in a non-confined office-type setting in which he or she is free to move about at will.

The incumbent in the course of performing this position spends time writing, typing, speaking, listening, lifting (up to 25 pounds), carrying, seeing (such as close, color and peripheral vision, depth perception and adjusted focus), driving, sitting, pulling, walking, standing, squatting, kneeling and reaching.

The incumbent for this position may operate any or all of the following: telephone, copy and fax machines, adding machine (calculator), check protector, money counter, credit card terminal, computer terminal, personal computer and related printers.

Mental Demands

The incumbent in this position must be able to accommodate to reading documents or instruments, detailed work, problem solving, customer contact, reasoning, math, language, presentations, verbal and written communication, analytical reasoning, stress, multiple concurrent tasks, and constant interruptions.

MEMBER FDIC – EQUAL OPPORTUNITY EMPLOYER

This is not necessarily an exhaustive list of all responsibilities, duties, skills, efforts, requirements or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other and/or different tasks be performed as assigned.

This is a remote position.

We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law.

Herring Bank

Herring Bank was founded in 1899, by Colonel C.T. Herring. Colonel Herring lived in Vernon, TX and saw a need for a bank. The cattleman would drive their cattle from Oklahoma through Vernon to Fort Worth to sell their cattle. When the cattleman sold their cattle and they went back to Oklahoma they were loaded with cash. Oklahoma was know as the badlands for a good reason, when the cattleman crossed in to Oklahoma they could lose their life and it was a sure bet that they would lose their money. With a bank in Vernon, TX, Herring Bank, they could deposit their funds and when they crossed into Oklahoma, the badlands, they would not lose their money, so the thieves had no reason to rob them

At Herring Bank we “Build Relationships for a Lifetime” come join us at our family owned bank.

Company Website: www.herringbank.com

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I understand that I will be considered to be an "Applicant" only if I have properly completed this application, designated a particular position that is open (or may come open in 90 days) and my background and qualifications meet Herring Bank's requirements for such position. I certify that all information given on this application is true and correct. I understand that any misrepresentation or falsification of information or material omission will be cause for rejection of my application or for subsequent corrective action or termination of employment if discovered at a later date. I certify that I will read and understand Herring Banks substance abuse policy. If my application for employment is accepted, the effective date of my employment shall be the time I actually begin to work. If I am employed, I agree to comply with and be bound by Herring Bank's policies, practices, safety and health rules. I understand that my employment is not guaranteed for any term and that my employment may be terminated by the company or myself at any time with or without cause. No management official is authorized to make any oral assurance or promise of continued employment. I hereby give Herring Bank the right to make a thorough investigation of my past employment, education and activities and release from all liability, from all person, companies, corporations and agencies supplying such information. I indemnify Herring Bank against any liability that might result from making such investigation and acknowledge the results of any such investigation may be grounds for disqualifying me or terminating my employment. I have read and full understand the contents of the Certification and Agreement Section.*

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I was referred to this position by a current employee

Who referred you?

Herring Bank

MRB Analyst

Location

Fully Remote - US

Type

Full Time

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Herring Bank

Company Website: www.herringbank.com

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