Herring Bank

MRB Analyst

Location

Fully Remote - US

Type

Full Time

Benefits:
  • 401(k)
  • 401(k) matching
  • Dental insurance
  • Health insurance
  • Tuition assistance
  • Vision insurance
The position of MRB 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
·      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.

Requirements
  • High school diploma or general education degree (GED); and two years of banking experience
  • 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
  • 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.

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.

Company Website: www.herringbank.com

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