The Regulatory Risk Support position is responsible for assisting the Regulatory Risk Division with BSA and Compliance requirements necessary to achieve and maintain a satisfactory level of BSA compliance, safety, and soundness. This position also performs general administrative duties for the Director of BSA and Compliance.

Responsibilities

Key Responsibilities:

Administrative Support:
- Prepare Board/Management Committee packages and division reports.
- Maintain tracking spreadsheets and reconcile department budgets.
- Manage expense reports, invoices, and training logs.
- Update organizational charts and Business Continuity Plan listings.
- Compile and distribute the division’s semi-annual newsletter.

Regulatory Risk Operations:
- Conduct due diligence and research using WorldCheck, LexisNexis, and internet sources.
- Serve as Foreign Correspondent Banking Governance Committee as Secretary.
- Assist with BSA/AML/OFAC Risk Assessment research and documentation.

BSA Compliance:
- Coordinate case assignments and maintain RFI logs.
- Upload SAR confirmations and maintain tracking reports.

Beneficial Ownership & Monitoring:
- Perform daily CDD Rule reviews and monitor Independent ATM customers.
- Conduct manual monitoring reviews across various risk categories (e.g., loans, credit cards, virtual currency).
- Analyze AML alerts and perform customer research using internal and external sources.

Cross-Divisional Support:
- Fill in during peak workloads or staff absences.
- Serve as a backup to the Compliance secretary.
- Participate in special projects to gain exposure across key areas of Regulatory Risk.

Qualifications

Education/Experience:

Requirements

Associate’s degree or equivalent in a related field of study such as Business and four (4) years of banking experience; two (2) of those years related experience directly working in regulatory risk, compliance or BSA.

Combination of education and experience will be considered.

Skills & Competencies

Must be self-motivated and detail oriented.
Ability to work in a team environment.
Ability to handle confidential information.
Must be able to take direction and maintain a necessary level of communication with varying supervisors/managers.
Must possess excellent verbal and written communication skills, interpersonal and organizational skills.
Computer knowledgeable in MS Office Software, (Excel, Word, and Outlook, Power Point).

Preferences

Knowledge of banking laws and regulations, such as the Bank Secrecy Act/AML and Patriot Act.
Experience with research tools such as WorldCheck, LexisNexis, and internet-based sources.

Licenses/Certifications

None

Job Posting Locations

In this role you can work remote from Miami, Florida, United States

Ocean Bank

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Regulatory Risk Support