BSA/Compliance Analyst

Description

Cornerstone Bank was formed in 2017, born of a long history of supporting the community, and providing a strong foundation to help people and businesses thrive. Serving Worcester County, Cornerstone Bank’s local presence and community-based banking model enables a unique ability to deliver outstanding service, with a personal touch. Cornerstone provides the highest level of service and expertise for individuals, businesses, and community organizations with branch locations throughout Central Massachusetts. 

Cornerstone Bank is committed to providing a collaborative workplace where innovation, teamwork, accountability and excellence are recognized and where employees are encouraged to broaden their skills, seek opportunities for professional development, serve their community, and provide outstanding customer service with each encounter. 

Being a part of the Cornerstone team has many great benefits and perks. This includes a competitive pay, a generous student-loan paydown program, comprehensive benefit package including, medical, dental, vision insurance and even pet insurance! We offer a 401(k) plan with an employer contribution and match, success-sharing bonuses, paid time off and more! If you are looking to join a team that is committed to your ongoing professional growth and development, we are looking forward to speaking to you!

We are currently looking for a BSA/Compliance Analyst to join our team. This position reports directly to our AVP, Fraud & BSA Manager and is responsible for various tasks related to the Bank’s Compliance Management and BSA programs to ensure adherence with established policies and procedures. 

Responsibilities and Accountabilities 

Performs any functions necessary, within scope of authority and expertise, to provide the highest level of service and responsiveness to employees and customers.

• Conducts internal compliance monitoring bank-wide, including but not limited to lending, deposits and BSA.
• Recommends additional training needs based on monitoring findings.
• Conducts branch audits.
• Assists the Compliance Department with compliance audits and exams (prepares documentation, gathers request items, etc).
• Reviews daily fraud alerts and opens investigation cases, as necessary.
• Prepares and submits CTRs daily.
• Tracks the receipt and reviews accuracy of Certification of Beneficial Ownership forms.
• Assists with managing compliance procedures
• Acts as a resource for employees bank-wide on BSA, fraud, and compliance matters.

* Attend or complete required training as provided.

Requirements

Qualifications

• Able to use various office equipment including computer terminal; ability to utilize applicable software
• Working knowledge of various word processing and spreadsheet applications and strong knowledge of existing consumer protection regulations
• Must possess a strong attention to detail and organizational skills
• Strong verbal and written communication skills
• Strong organizational skills and ability to multi-task
• Attention to detail with high degree of accuracy
• Ability to read and comprehend governmental regulations and other instruction manuals
• Ability to work independently and keep supervisor appropriately informed of issues and also possess the ability to work in a team environment

Education/Training/Experience

• High School Diploma, or equivalent, plus specialized course work and training related to regulatory compliance

Physical Requirements

The BSA/Compliance Analyst is in a non-confined office type setting in which he or she is free to move about at will. 

The BSA/Compliance Analyst spends time writing, typing, speaking, listening, carrying, seeing (such as close, color and peripheral vision, depth perception), sitting, pulling, walking, standing, and reaching.

The BSA/Compliance Analyst may operate any or all of the following: telephone, copy and fax machine, adding machine (calculator), scanner, computer, printers and other equipment as directed.

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of the job.

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.

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

MENTAL DEMANDS

The BSA/Compliance Analyst must be adept at reading and understanding documents, detailed work, problem solving, customer contact, reasoning, math, language, verbal and written communication, active listening, analytical reasoning, stress, multiple concurrent tasks, interruptions.

SUPERVISORY SCOPE

None

INDEPENDENT ACTION

Performs work independently within scope of established guidelines and practices. Consults with Manager where clarification or exception to Bank policy may be required.

NOTE: These statements are intended to describe the general nature and level of work involved for this job. It is not an exhaustive list of all responsibilities, duties and skills required for this job. 

Cornerstone Bank is an Equal Opportunity Employer. In compliance with Equal Opportunity Guidelines and the Americans with Disabilities Act, Cornerstone Bank provides reasonable accommodations to qualified individuals with disabilities and encourages both prospective and current employees to discuss potential accommodations with the employer.