Compliance / BSA Officer

About Baker Boyer:

Baker Boyer is the oldest independently owned community bank in the Pacific Northwest.  We are Eastern Washington’s trusted financial advisor, serving the Walla Walla Valley, Tri-Cities and Yakima Valley communities, providing wealth management as well as personal and business banking services.

About the Compliance / Bank Secrecy Officer Role:

This important role operates independently, and as part of the bank’s Compliance Committee to facilitate high quality and value-added tasks and projects to ensure regulatory compliance issues are managed and addressed; adherence to state and federal regulations; and cost-effective management of the bank’s liability and risk exposure. This position is a high-visibility position, often collaborating and working with employees across the bank to improve bank practices, policies and workflow. Strong communication, analytical skills, prioritization, and self-motivation are key skills for this position, as is transferrable experience that demonstrates the ability to quickly learn and to implement complex concepts. Some prior audit, compliance or AML/CFT experience and/or banking/finance experience strongly preferred.

Key Responsibilities

• Ensure that the bank is following state and federal regulations within acceptable risk tolerances established by the Compliance Committee and Board.
  • Work with compliance peers to manage the Regulatory Risk of the bank.
  • Act as a Compliance resource and consultant to all employees.
  • Act as a contributing member of the Compliance Committee.
  • Prepare reports for senior management, the Board, OCC, internal and external auditors. Assist in coordinating bank’s efforts to prepare, gather, and present information during Compliance, Safety & Soundness and AML/CFT exams.
• Oversee AML/CFT, and deposit compliance related projects and monitoring of ongoing activities.
  • Ensure new hire, job change, periodic and annual deposit Compliance and AML/CFT Training is appropriate.
• Work independently with little supervisory guidance to ensure appropriate collaboration and upward reporting is maintained.
  • Document work performed for each step with appropriate work papers.
  • Communicate in a timely and consistent manner that is of high-quality content, style and clarity both orally and in writing.
  • Strategicly plan and improve AML/CFT and compliance programs.
• Responsible for Deposit Compliance:
  • Assist with regulatory change implementation
  • Act as subject matter expert on AML/CFT and deposit compliance related items.
• Self-motivated to pursue and progress in professional development:
  • Utilize self-training resources (books, periodicals, memberships in professional groups and so forth) and participate in recommended courses.
  • Attend appropriate trainings, seminars or conferences to develop professional skills (this could be in state or out of state).
• Responsible for staying abreast of job specific JHA (banking software) enhancements, maintaining a good working knowledge of the programs that impact responsibilities

Responsible for the Bank Secrecy Act, Patriot Act and OFAC program:

• Maintain the Bank Secrecy Act and OFAC Policy and procedures. Ensure they are accurate and update to date.
• Complete and proper filing of all CTRs and Suspicious Activity Reports.
• Train all bank staff and Board of Directors annually on Bank Secrecy Act, C.I.P., OFAC and suspicious activity.
• Bank Secrecy recordkeeping and reporting.
• Annual reporting on AML/CFT to the Board of Directors.
• Attending annual training for AML/CFT as required by regulation.
• Coordinate, confirm and complete annual AML/CFT and OFAC risk assessments.

Education and Experience:

Graduation from a four-year college or university.  Minimum three years’ experience in auditing, compliance, or AML/CFT, preferably in a banking or finance environment; or any equivalent combination of education, experience and training that provides the required knowledge and abilities to do the job.  Demonstration of relevant skills and experience required to perform job may be considered in lieu of education or auditing, compliance, and AML/CFT experience minimums.

Knowledge/skills/experience requirements:   

• Strong written and verbal communication skills. Ability to communicate with all levels of employees in a manner that is of high quality, content, style and clarity.
• Proactively builds and maintains positive relationships by portraying an approachable and open-minded outlook.
• Proactively build relationships across departments; work to understand their workflow, processes and the impact of changes/suggestions.
• Demonstrated ability to work independently and with limited direction; willingness to take initiative.
• Ability to organize and prioritize work; possesses strong time management skills.
• Exceptional attention to detail and accuracy with the ability to handle multiple tasks and priorities.
• Familiar with and knowledgeable of most departments, systems and corporate policies, or able to learn quickly.
• Knowledge of/or ability to easily learn banking policies, procedures and laws and regulations governing the bank.
• Ability to apply logic and reasoning when carrying out instructions furnished in written or oral form.
• Is a team player, willing to help out as needed and keeps team informed of status and needs.
• Ability to proficiently use and interpret data and processes provided by Compliance/Audit tools.
• Demonstrated technical capacity. Strong knowledge and ability to use Microsoft Office Suite (Word, Excel, Outlook, PowerPoint) with proficiency and accuracy. Experience with audit software such as IBM Query, TeamMate Audit Software, or other comparable software desired but not required.

Physical demands/conditions requirement:

The job tasks and 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 as appropriate to enable individuals with qualified disabilities to perform the essential functions.

While performing the duties of this job, the employee is regularly required to sit and/or stand, write, type, speak, and listen. The employee may occasionally be required to stand, walk, reach, stoop, kneel, or crouch. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, distance vision, color and peripheral vision, depth perception and ability to adjust focus. Ability to sit at desk and work on computer.

Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time. Baker Boyer believes that each employee makes a significant contribution to our success. That contribution should not be limited by the assigned responsibilities. This position description is designed to outline primary duties, qualifications and job scope, but not limit our employees nor the organization to adjust the work identified. It is our expectation that each employee will offer his/her services wherever and whenever necessary to ensure the success of the company.

Baker Boyer is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, citizenship, disability or protected veteran status.