What are the responsibilities and job description for the BSA Director position at Arvest Bank?
Work Type: Full Time
Position requires availability Monday through Friday from 8 am to 5 pm with the ability to work additional hours as needed.
Position is based at 5000 Rogers Ave, Fort Smith, AR, however, Incumbent can be located anywhere within the Arvest 4 State Footprint (AR, KS, MO, OK).
SUMMARY: The Bank Secrecy Act (BSA) Director is responsible for coordinating the development, implementation, compliance and administration of all aspects of BSA compliance program, including Anti-Money Laundering (AML), Office of Foreign Asset Control (OFAC) and the USA Patriot Act.
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.
- Directs and oversees the BSA Risk Department for Arvest Bank and is the senior level liaison with applicable law enforcement and regulatory agencies.
- Transforms Arvest strategies into plans and goals for BSA for the next 12 months. Mobilizes the team(s), establishing the tactical plans, projects and objectives needed to accomplish these goals and ensuring their attainment, including but not limited to a thorough program for complying with federal BSA and underlying rules, guidelines and directives from applicable federal and state regulatory agencies.
- Accountable for decision making regarding BSA Risk, establishing the structure of the unit and its internal processes, defining and ensuring quality standards.
- Develops the financial and resource plans for the area(s); accountable for managing to established budgets, including reallocating funding as priorities shift.
- Proactively mentors and trains subordinates to continually improve services and support to carry out the mission of the BSA Risk department.
- Responsible for all performance-related activities, including preparing and delivering performance reviews and any disciplinary recommendations.
- Partners with and integrates across other areas of Arvest, resolving conflicts and managing competing priorities, to provide a complete and compliant solution.
- Attend and actively participate in management meetings, communication meetings and various peer meetings both within the bank group and within the industry.
- Understand and comply with bank policy, laws, regulations, and the bank's BSA/AML Program, as applicable to your job duties. This includes but is not limited to; complete compliance training and adhere to internal procedures and controls; report any known violations of compliance policy, laws, or regulations and report any suspicious customer and/or account activity.
TEAM ACCOUNTABILITIES:
- Support and uphold the Arvest Vision, Mission and Core Values.
- Uphold the Arvest Code of Ethics and ensure that confidential information is safeguarded.
- Maintain a high level of cooperation and rapport with all associates to ensure accurate and efficient operations and service.
- Formulate and communicate new ideas and suggestions that will improve profitability and efficiency for the company’s overall operation.
- Foster and promote the proper company image at all times.
SUPERVISORY RESPONSIBILITIES:
Directly supervises 2 or more associates as assigned by the Manager. Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws. Ensure direct reports have completed required compliance training and are adhering to all internal procedures and controls as it relates to bank policy, laws, regulations and Arvest’s BSA/AML Program. Responsibilities include interviewing, hiring, appraising performance, rewarding, and disciplining associates. The incumbent has the authority and the appropriate influence to make recommendations regarding hiring, firing, advancement, promotion, or any other change of status of other associates within the guidelines of the bank’s procedures and guidelines for such change of status events. The incumbent provides training, planning, assigning, and directing work assignments and schedules; addressing complaints and resolving problems.
Responsibilities:
QUALIFICATION REQUIREMENTS:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions.
EDUCATION and/or EXPERIENCE:
- Bachelor’s Degree or equivalent related experience required.
- 8 years of relevant BSA/Compliance experience in progressively responsible positions required.
- 3 years of previous supervisory/management experience required.
- Expert level knowledge of BSA and related laws and regulations including AML, high risk accounts, Office of Foreign Asset Control (OFAC), USA Patriot Act and fraud.
- Very high level of knowledge of bank operations, leadership strategies, quality management, compliance; bank products and services, systems and technologies; bank structure, organization and complex account documentation required.
OTHER SKILLS AND ABILITIES:
- Must be able to arrive at work on time, work on site and have regular work attendance
- Must be able to work cooperatively with other co-workers regardless of personality, presence or communication style
- Must be able to provide cordial customer service regardless of customer personality, presence or communication style
- Must be able to perform several tasks at once
- Must be able to work in a stressful atmosphere
- Must be able to rotate job tasks
- Must be able to greet others cordially
- Must be able to coordinate multiple and changing priorities
- Must be able to verbally communicate with all other associates
- Must be able to operate telephone, scanner, copier and FAX machines
- Must be able to occasionally work outside of normal business hours.
- Must be able to move from department, division, or bank to department, division, or bank to attend meetings
- Must be able to operate personal computer keyboard to create reports, schedules and other appropriate documentation
PHYSICAL DEMANDS:
The physical demands described here are representative of those that must be met by an associate to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions.
While performing the duties of this job, the associate is regularly required to stand, walk, sit, and to talk and hear. The associate must occasionally reach with hands and arms; stoop, kneel, or crouch.
The associate may occasionally be required to lift or move up to 25 pounds.
Specific vision abilities required by this job include close, distance and color vision and the ability to adjust focus.
The associate must be able to travel frequently by themselves within the US, including overnight, and via automobile and air.
WORK ENVIRONMENT:
The work environment characteristics described here are representative of those an associate encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions.
The noise level in the work environment is usually moderate.
