Responsibilities:
- Provide direct assistance to the Compliance Department under the direction of the Compliance Officer.
- Perform internal audit duties as needed.
- Assist in research of various compliance regulations, specifically the compliance requirements regarding Anti-Money Laundering.
- Assist in the development of processes and procedures.
- Interact with outside counsel and regulators as needed.
- Assist with managing external audits, federal and state exams.
- Assist with the management of alerts within the anti-money laundering interdiction software system.
- Assist in the timely filing of CTR’s and SAR’s as required per the Bank Secrecy Act.
- Assist in employee training on various regulations as required by law.
- Use and maintain a general understanding of OFAC requirements.
- Review large cash reports.
- Conduct enhanced due diligence reviews on high-risk customers.
- May be called upon to instruct others, train personnel, write official reports, draft correspondence and procedures, and speak clearly while engaging with customers and employees.
- Perform other duties as assigned.
Educational Requirements:
- High school diploma or its equivalent is required.
- Some college or degree is preferred but not necessary.
Experience:
- Minimum of 3-5 years of prior banking experience.
- Experience in Compliance and BSA is strongly preferred.
- The successful candidate will gain educational experience through in-house training sessions or financial industry related curriculum.
- Experience with anti-money laundering interdiction software (such as Verafin) is preferred.
- Experience with the timely filing of CTR’s and SAR’s is also preferred.
Knowledge and Skills:
- Proficient computer skills and comfortable using the computer.
- Proficient with Microsoft Office Suite (Word, Excel, PowerPoint, etc).
- High ability to multi-task, with excellent organizational skills and attention to detail.
- Exceptional verbal, written, and interpersonal communication skills.
- Ability to work with minimal supervision while performing duties.
- Ability to exercise good judgment in assessing the significance and relevance of identified compliance risks.
- Ability to think analytically and consider the facts, rules, policies and procedures that protect the bank or that are in the bank’s best interests.
- Willingness to learn and be trained in technical areas is critical. Identify and follow best practices in the Compliance field.
About the Bank:
Logansport Savings Bank was founded in 1925 and is a locally-owned, mission-driven community bank with over $250 million in assets. The bank’s main branch is located in Logansport, and also serves customers from Peru, Wabash, Huntington, and surrounding counties.
Our team is close-knit and collaborative, making LSB a fun and rewarding workplace for our employees. Everyone on our team shares a deep commitment to our customers and our community, “Leading The Way” to put them first with local decision-making and volunteerism. When you join the LSB team, you’ll begin as a valuable team player with support for your personal and professional growth.
Logansport Savings Bank is an Equal Housing Lender and Member FDIC. Learn more about Logansport Savings Bank at www.logansportsavings.bank.