Open Job Postings - Interstate Bank

Thank you for your interest in working with Interstate Bank!  We do not currently have any open employment opportunities. However, please feel free to complete an online application and you will be considered should a position arise.

*This position may be housed in Perryton, TX or Amarillo, TX. Salary will be determined by experience.*

OBJECTIVE:

Responsible for performing an independent monitoring and assessment of operation functions and compliance with banking laws and regulations.

Responsible for monitoring compliance with laws and regulations through regular testing of controls, procedures, and transactions. The Officer will communicate and coordinate effective compliance monitoring efforts for applicable consumer protection regulations. Additionally, the Compliance Officer will evaluate changes in industry practices and legal/regulatory requirements and ensure timely and appropriate actions are taken.

Responsible for ensuring that the bank adheres to a strong anti-money laundering system and control, and high standards of customer and employee identification.

 

ESSENTIAL FUNCTIONS:

• Ensures the bank adheres to BSA and related law’s policies and procedures, guidelines, tracking forms and applications forms, for currency transaction reporting, suspicious activity reporting, monetary instruments sold for cash, exemptions of customers, Patriot Act and OFAC processes. Ensures that they are updated when changes to laws are made.
• Reviews all departments’ policies for compliance to BSA/AML/OFAC/USA Patriot Act laws and regulations.  Ensure that they are updated when changes to laws are made.
• Review suspicious accounts detected by the use of automated system reports, generate appropriate forms to officer for more information (if necessary), review other related reports/customer statements, and report unusual activities in the form of a Suspicious Activity Report (SAR) filing.
• Ensures that Currency Transaction Reports (CTRs) and SARs are completed accurately and completely and filed with the proper agencies on time.
• Perform Self Assessments of all branches for compliance with BSA/AML/CIP/OFAC.
• Ensure that all internal/external independent functions, regulatory and law enforcement agencies requests, findings and recommendations are compiled with in a timely manner.
• Report developments on significant BSA matters to the Market President(s).
• Report to Board of Directors efficiencies and significant deficiencies to the BSA.
• Program at least quarterly or annually, including Risk assessment on BSA. 
• Report Suspicious Activity Report (SARs) filings monthly.
• Establish a BSA compliance program and provide ongoing education and training and testing on the bank’s BSA Policies and Procedures.
• Maintain communication with regulators, external auditors, and independent monitoring functions.
• Develops, initiates, maintains, and revises policies and procedures for the general operation of the Compliance program.
• Keeps abreast of regulatory changes and legal developments to assess impact and reviews and updates Bank policies and procedures based on regulatory changes, internal audit and external examinations conducted by regulatory agencies.
• Provides an unbiased review and evaluation to ensure compliance issues/concerns within the Bank are being appropriately evaluated, investigated, and resolved in a timely manner.
• Responsible for auditing on a test basis to assess compliance with regulations and ensures adherence to policies. 
• Provides reports to keep management informed of the operation and progress of compliance efforts.
• Works with department managers to develop an effective compliance training program, including appropriate introductory training for new employees as well as ongoing training of all employees and managers. 
• Provides a resource for bank personnel needing an interpretation of regulatory requirements.
• Aids various departments in the formulation or revision of forms, advertising material and other disclosure documents.
• Acts as liaison with regulators and coordinates regulatory examinations.  Interprets requests for information and coordinates meetings accordingly.  Responds to alleged violations of rules, regulations, policies, or procedures, by evaluating or recommending corrective action.  Develops and oversees a system for uniform handling of such violations.
• Identifies potential areas of compliance risk.  Develops and implements corrective action plans for resolution of issues and provides general guidance on how to avoid or deal with similar situations in the future.
• Monitors the performance of the Compliance program and relates activities on a continuing basis, taking appropriate steps to improve its effectiveness.
• Participates in bank-wide planning and policy development and may serve on various committees.
• Making recommendations to improve policies or procedures accordingly.
• Working with outside auditors to help reconcile discrepancies or support the external auditing function.
• Working closely with all Bank departments to monitor implementation and compliance of Bank policies and procedures.
• Maintaining relationships with outside accountants, government agencies and examiners
• Conducting or assisting in reviews of financial, information technology and human resource activities to evaluate the adequacy and effectiveness of the controls over the activities reviewed.
• Determining whether areas reviewed are performing their planning, accounting, custodial, or control activities in compliance with management instructions, applicable statements of policy and procedures, and in a manner consistent with both organizational objectives and high standards of administrative practice.
• Surveying functions and activities in assigned areas under review to determine the nature of operations and the adequacy of the system of control in achieving established objectives.
• Assisting in the determination of the direction and approach of proposed reviews.
• Assisting in the determination of the audit procedures to be used.
• Planning the theory and scope of the audit and assisting in the preparation audit programs.
• Assessing risks and determining the effectiveness of controls and the potential impact of control failures through evaluation of Bank procedures and systems in accordance with Institute of Internal Audit Standards.
• Recommending improvements in current standards and the implementation of process changes in related areas.
• Follow all other instructions and perform any other job-related duties.
• Other duties as may be assigned.

 

MINIMUM QUALIFICATIONS REQUIREMENTS

Education and Experience:

·         Bachelor’s Degree in Business, Finance, Accounting, or Related Field or Equivalent Experience.

Experience:

·         2 years’ experience from a Financial Institution, a Regulatory Agency, and/or a Bank Certified Compliance Program.

·         Basic understanding of Bank Accounting and Operations.

Skills:

·         Excellent PC skills including word processing, spreadsheet, presentation, internet, and internal software.

·         Strong verbal, negotiation, and presentation skills to achieve sales objectives in a professional manner.

·         Excellent written and verbal communication skills.

·         Extensive understanding of banking regulations and standards.

·         Ability to work independently and under tight deadlines.

·         Strong analytical, research, planning, organization, and communication skills.

 

WORKING CONDITIONS:

Traditional retail office environment.

 

PHYSICAL DEMANDS:

Interstate Bank promotes and equal opportunity workplace, which includes reasonable accommodations of otherwise qualified disabled applicants and employees. Please contact Human Resources with questions regarding the physical demands of this job.