BSA/AML Compliance Officer

Background

Who We Are

Community Reinvestment Fund, USA (CRF) is a community development leader committed to bringing economic equity to communities across the country, in order to generate greater investment in the communities that need it most.

Community Reinvestment Fund, USA (CRF) is dedicated to building and sustaining a truly diverse, equitable, and inclusive culture. These are not just words on a page – Diversity, Equity, and Inclusion are top priorities for the organization, and tie deeply to each of the core values and overall vision for the future.

How We Help

Together with its partners – including community leaders, nonprofit lenders, financial institutions, foundations and more – CRF is creating new strategies and technologies that build stronger local economies, create jobs and support economic mobility.

CRF is headquartered in Minneapolis, Minnesota. For further information, please visit www.crfusa.com.

Summary

About the Position

 This position is responsible for performing various risk functions which support compliance with laws, rules and regulations associated with the Bank Secrecy Act (BSA), Anti-Money Laundering (AML) regulations, the USA Patriot Act, Customer Identification Program, Beneficial Ownership and Office of Foreign Asset Control (OFAC) requirements, as well as maintaining day-to-day regulatory and compliance tasks to include the regulatory systems and notifications, compliance notices. This position reports to the [Senior Director of Compliance and Regulatory Affairs and may be required to provide additional support and/or perform tasks as requested in the areas of audit, risk, third-party vendors, and process governance.

The position will report to the Sr. Director of Compliance and Regulatory Affairs and will work closely with teams across the organization including the Lending team, Credit team, Legal, Finance, and focused on risk and compliance. Additionally, the BSA/AML Compliance Officer may connect with other departments in the organization as well as external auditors and vendors.

Responsibilities

Role Accountabilities (include, but not limited to)

•  Develop and implement policies, procedures, and controls to ensure compliance with the Bank Secrecy Act (BSA) and other relevant regulations and serve as the subject matter expert
• Monitor new and any proposed laws and regulations in a timely manner and establish compliance obligations to allow firm to effectively meet these requirements
• Quality assurance and control testing completion
• Prepare and submit BSA/AML regulatory reports
• Provide supervisory audit oversight of CRF’s BSA/AML Program and daily operations to identify and respond to suspicious activity
• Support internal and external audit
• Conduct ad hoc projects that involve conducting research and data gathering for the completion of compliance requirements for new products & services
• Maintenance and collection of documentation to support CDFI certification related to governing board accountability and CDFI Financing Entity Test
• Coordinate and submit the quarterly Securities and Exchange Commission Reporting related to CRF Asset Backed Securities
• Conduct compliance training and materials to promote awareness of BSA requirements for staff, annually and as needed
• Support in administrating and monitoring compliance requirements for the Credit and Lending verticals

Requirements

About You

•  Bachelor’s degree in Business, Finance, or related field
• 3 to 5 years and/or training (or equivalent combination of education and experience) in compliance, financial services, risk analysis, risk management years, or related experience and general knowledge of the rules and regulations in the banking industry
• Possess in-depth knowledge of application of payments, payment processing, loan processing, loan maintenance and loan customer service activities and identification and implementation of controls, procedural maintenance to mitigate risk
• Understand compliance regulations governing BSA, AML, Patriot Act (CIP), OFAC, FFIEC advisory guidelines regarding (KYC), (EDD) and Reg CC, Reg GG a plus
• Able to work in a collaborative environment, have self-initiative, and work well without constant supervision
• Ability to effectively communicate verbally and through written forms of communication
• Be available to travel up to 10%

 Preferred If You Have

•  Certified BSA/AML Professional (CBAP) or (CAMS)
• Familiarity with the SBA SOP
• Knowledge and understanding of the CDFI industry

Compensation and Benefits

Salary range for this exempt position is $70,000 to $80,000 annually

What We Offer

A collaborative working environment comprised of driven and highly engaged individuals committed to diversity, equity, and inclusion and the mission, vision and values of CRF. CRF is proud to extend its employees a wide array of benefits including, but not limited to:

• Most positions offer flexibility for remote work
• Health, dental, and vision insurance
• 401K with a 5% match – eligible to participate after 6 months
• Paid Time Off (PTO)
• Hybrid Reimbursement Program
• Educational Assistance
• Long-Term and Short-Term Disability
• Life Insurance
• 10 Federal Holidays plus 2 Floating Holidays

How to Apply

Please send your resume to [email protected] for review and consideration