Cannabis jobs at Somerset Trust Company

COMMUNITY BANK NOW HIRING ASSISTANT BSA OFFICER!

Looking for individuals with experience

Competitive Salary and Benefits

**Please Submit Resume by visiting www.somersettrust.com and clicking on the Careers Tab.**

Equal Opportunity Employer

SUMMARY: The Assistant BSA Officer works closely with the BSA Officer to manage all aspects of the Bank’s BSA/AML Program; ensuring compliance with all Federal and State Regulations including; the Bank Secrecy Act, The USA Patriot Act, and government watchlist screening requirements under OFAC and Section 314(a). This individual must be capable of managing the BSA Department in the absence of the BSA Officer, this position also provides succession for the BSA Officer.

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.

• Manages and supports BSA and Quality Assurance staff; monitoring workloads, delegating tasks, overseeing processes, and assisting with investigation and decision making when needed
• Administers the bank’s BSA/AML monitoring systems and processes; including reviewing, modifying, and maintaining system parameters and documenting those changes accordingly
• Creates and maintains import templates for additional data streams into the AML Monitoring System; such as credit card transactions, various departmental watchlist screening needs, as well as CRB custom lists
• Oversees review processes for onboarding new customers and new accounts, account maintenance and other quality assurance functions; also provides oversight for CDD questionnaires, Beneficial Ownership certification reviews; and assists with escalation of these items when staff is unable to obtain necessary information or documentation.
• Provides oversight of required periodic reviews of certain high-risk customers as part of the bank’s Enhanced Due Diligence (EDD) process, maintaining list of customers and schedule of reviews
• Reviews and/or submits necessary BSA regulatory reporting such as Suspicious Activity Reports (SAR), Currency Transaction Reports (CTR), and Designation of Exempt Persons (DOEP)
• Assists the BSA Officer in developing and conducting training for all newly hired bank employees regarding BSA/AML/OFAC/CIP
• Plans for quarterly BSA Committee meetings; coordinating meeting, delegating preparation tasks, reviewing completed lookbacks, and compiling meeting minutes
• Periodically reviews procedures for the various functions of the BSA Department, ensuing accuracy and completeness
• Pursues or maintains relevant professional certification(s) to enhance BSA/AML knowledge regarding financial crimes and/or cannabis banking
• Provides occasional support for Fraud Officer, especially in their absence, regarding suspicious or fraudulent situations involving customers that require timely follow up such as fraud checks, suspicious wire requests, or potential elder financial abuse
• Maintains current knowledge of and monitors high risk transactions in regards to Corporate Account Take Over
• Maintains current knowledge of and adheres to the BSA policy
• Assumes additional duties/responsibilities as required

SUPERVISORY RESPONSIBILITIES:

This job has supervisory responsibilities, assisting the BSA Officer in the supervision and management of the BSA staff.

QUALIFICATIONS:

To perform this job successfully, an individual must be able to perform each essential duty with consistence and a high degree of accuracy. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

EDUCATION and/or EXPERIENCE:

Bachelor's degree (B. A.) from four-year college or university in either Finance or related fields; or five years of banking experience and/or training; or equivalent combination of education and experience.

COMMUNICATION SKILLS:

Ability to read and interpret documents such as safety rules, operating and maintenance instructions, and procedure manuals. Ability to write routine reports and correspondence. Ability to speak effectively before groups of customers or employees of organizatio

MATHEMATICAL SKILLS:

Ability to calculate figures and amounts such as discounts, interest, commissions bonuses, etc.

REASONING ABILITY:

Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.

PHYSICAL DEMANDS:

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.

While performing the duties of this job, the employee is regularly required to sit; use hands and fingers to operate office equipment, telephones, etc.; and talk or hear. The employee is occasionally required to stand; walk, reach with hands and arms; and stoop, kneel, crouch, and crawl. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, and ability to adjust focus.

WORK ENVIRONMENT:

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The noise level in the work environment is usually moderate.

Job Type: Full-time

Pay: From $16.00 per hour

Benefits:

• 401(k)
• Dental insurance
• Disability insurance
• Health insurance
• Life insurance
• Paid time off
• Referral program
• Retirement plan
• Vision insurance

Schedule:

• 8 hour shift
• Monday to Friday

Supplemental Pay:

• Bonus pay

Education:

• Bachelor's (Preferred)

Experience:

• Banking: 5 years (Preferred)

Work Location:

• One location

Company's website:

• www.somersettrust.com

Company's Facebook page:

• www.facebook.com/somersettrust

Benefit Conditions:

• Only full-time employees eligible

Work Remotely:

• No

COVID-19 Precaution(s):

• Personal protective equipment provided or required
• Temperature screenings
• Social distancing guidelines in place
• Virtual meetings
• Sanitizing, disinfecting, or cleaning procedures in place

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