Cannabis jobs at Merchants & Marine Bank

Overview

Merchants and Marine Bank has been proudly serving the communities along the Gulf Coast since 1899. If you are highly motivated, enthusiastic and thrives in a team environment, we have an opportunity that may be right for you.

Why Work for Us

• Medical, Vision and Dental Insurance
• 401-K Plan
• 11 Paid Holidays
• Personal Paid Time Off
• Term Life, AD&D and Disability Insurance
• Student Loan and Tuition Assistance
• Fitness Center Reimbursement

Job Purpose

The BSA Sr Compliance Analyst assists the BSA Officer with core functions of the BSA/AML/OFAC and Red Flag Identity Theft program. Perform daily functions of the BSA Department including back-up for certain BSA Officer duties including Suspicious Activity Report investigation, completion, and filing. Duties also include due diligence review of our customers and other cash intensive businesses, monitoring customer activity and resolving daily, weekly, and monthly Alerts, and adhering to all BSA Compliance requirements.

Duties and Responsibilities

• Detect, analyze, and document potentially suspicious activity by reviewing system generated alerts, various internal reports, employee referrals and other methods as needed.
• Conduct initial and ongoing due diligence for various customers, including but not limited to: money service businesses, customers exempted from CTR filing, higher risk customers, and customers with privately owned ATM' s.
• Collect necessary documentation, updated licenses, and follow-up as needed directly with clients.
• Perform ongoing analysis on the bank's customer base to support the maintenance of an enterprise wide BSA/AML and OFAC Risk Assessment.
• Review account activity and interpret the data in financial software systems, identifying trends and/or red flags.
• Prepare required regulatory filings, and review completed regulatory filings for accuracy, completeness, and consistency prior to submission to regulatory agencies.
• Prioritize workload, ensure work completion and FinCEN deadlines and requirements are met.
• Ensure compliance with the Bank's AML/BSA policies and procedures through monitoring and testing activities.
• Serve as a subject matter expert for BSA/AML requirements, including customers.
• Identification Program and provide guidance to bank employees as needed to ensure they understand BSA/AML requirements.
• Complete ongoing professional development and training to improve understanding and comprehension of BSA/AML rules, regulations, industry standards, and best practices
• Earn a BSA/AML professional credential within 24 months of starting the position.
• Assist in research and analysis related to Consumer Compliance, as needed, at the direction of the Compliance Manager.
• Complete assignments and projects as assigned by BSA Officer and ad hoc requests from other teams.
• Identify process improvements, present updated proposals, and participate in implement of changes.
• Assist with the review of Cannabis / CannaFirst related account documentation, regulatory filings, ongoing monitoring, and other support functions of the business line.
• Other duties and responsibilities, as assigned, to support the BSA Department's mission and strategic objectives.

Qualifications

• High School graduate. Higher Education coursework, Bachelors degree preferred.
• Must have or able to achieve BSA AML Professional Certification.
• Strong thorough knowledge of Bank operations
• Must be able to demonstrate strong oral, written, and interpersonal communication skills, interpret documents, understand procedures, write reports and correspondence, and communicate effectively to customers and employees.
• Must be proficient with standard computer applications including MS Word, Excel, and Outlook.
• Must be able to understand financial data (Balance Sheets, Income Statements, Cash Flow Statements, Financial Ratios, etc.) and apply those skills as they pertain to the loan underwriting process.
• Must be detail-oriented in order to generate accurate reports.
• Must have exceptional time management skills and be able to organize, prioritize and perform multiple tasks simultaneously.
• Must be able to adjust quickly to different work situations; remain composed under pressure and stressful situations.
• Uphold the Companys Code of Conduct/Ethics and ensure that confidential information is safeguarded and support/uphold the Banks Mission Statement.
• Maintain a high level of cooperation and rapport with all associates to ensure accurate and efficient operations and service.
• Works well independently and as part of a team.

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