Community Risk Consultant

JOB SUMMARY:

This role is positioned in the first line of defense to ensure the overall effectiveness of risk and compliance programs of the Retail & Community Bank network.

Responsible for supporting Community Banking Leaders’ adherence to the established Risk framework and ongoing supervision of business controls including Risk and control self-assessments, identification and evaluation of control effectiveness, identifying control failures, facilitating Risk and compliance remediation, internal and external audits and monitoring of the first line of defense to minimize Risk exposures and strengthen the overall control environment. Maintains branch operational policy and procedures and gains the confidence and trust of others through honesty, integrity, and authenticity.

• Responsible for inspecting Community Banking business activities, detection of problem areas, and delivering quality inspection outcomes as it relates to our Risk and Compliance based policies and procedures.
  • Based on inspection, documenting formal summary of findings and delivering remediation, along with recommendation of corrective actions and necessary process & procedural improvements.
• Identifies and manages existing and emerging Risks that stem from Community business activities and the job role.
• Ensures Risks associated with Community business activities are effectively identified, measured, monitored, and controlled. Follows written Risk and Compliance policies and procedures for business activities.
• Advises the Community business on how to strengthen and manage their control environment pertaining to oversight of procedures/process, accurate regulatory reporting and filing, document governance, Risk control self-assessments, procedure governance, control design, new product controls, or quality governance.
• Performs ongoing supervision and oversight of business controls which may include the coordination of testing, root cause analysis, control design, and examining key Risk metrics to evaluate the effectiveness of established business controls.
• Performs Risk data analysis, report preparation and trend analysis
• Partners with business owners to assist them in the identification of control failures and assesses the impact.
• Assists with translating control deficiencies into action plans and facilitates effective and timely Risk remediation through action plan oversight; provides recommendations to enhance governance practices in alignment with Risk and compliance frameworks.
• Maintains processes, procedures, and tools for managing exception alerts as they occur, including monitoring of resulting exception cases.
• Provides control oversight to ensure compliance with laws and regulations.

• Serve as first line of defense for Community Bank to work directly with BSA on the following:
  • Ensuring all new accounts comply with the Bank’s CIP (Customer Identification Program).
  • Ensuring adequate risk based KYC (Know Your Customer), CDD (Customer Due Diligence) and EDD (Enhanced Due Diligence) information is captured for new accounts.
  • Ensuring compliance with the Bank’s “On-Going Profiling Methodology” of the legacy accounts.
  • Addressing transactional activity inquiries within set time frames.
  • Ensuring properly executed Beneficial Ownership Certifications are obtained at account opening and upon triggering events as outlined in the BSA/AML/OFAC Program.
  • Ensuring compliance with all aspects of OFAC (Office of Foreign Assets Control) as outlined in the BSA/AML/OFAC Program.
  • Ensuring compliance with Currency Transaction Reporting (FinCEN Form 112)
  • Support special BSA compliance projects, as needed.
• Report any unusual and/or suspicious circumstances and/or activity detected via the BSA “Referral Process”.
• Provide regular reporting back to BSA and Community Bank Leadership on operational and BSA performance in the branch network.

• Serve as the branch liaison for operational issues of the Community Bank. Conduct regular monthly operational meetings with Community Bank leadership.
• Continually strive to improve operational efficiencies in all areas…