Compliance Analyst & Bank Secrecy Act (BSA) Specialist

Winston Salem, NC 27103

Employment Type: Direct Hire Industry: Finance & Banking Job Number: 96692

Job Description

Job Title: Compliance Analyst & Bank Secrecy Act (BSA) Specialist
Location: Winston-Salem, NC
Job Type: Full-Time

Overview

Join our dynamic team as a Compliance Analyst & Bank Secrecy Act (BSA) Specialist, where you will play a critical role in supporting the Bank’s compliance program. This vital position focuses on ensuring strict adherence to all banking regulations, with a strong emphasis on BSA compliance, federal regulations, and oversight of mortgage operations. If you have a passion for financial compliance and want to be part of an organization committed to maintaining the highest standards, we encourage you to apply.

Key Responsibilities

Compliance Monitoring & Testing
  • Execute a robust monitoring and testing program to ensure compliance with all applicable laws and regulations.
  • Track and resolve any identified issues to completion to ensure continuous improvement in compliance practices.
Transaction Monitoring & Reporting
  • Conduct detailed reviews of client transactions to identify potential suspicious activities, such as money laundering or illicit financial behavior.
  • Assist in preparing and submitting regulatory reports to ensure compliance with BSA/AML regulations.
Loan File Quality Control
  • Oversee the monthly pre-funding and post-closing quality control file review process, ensuring accurate and timely reporting of findings.
  • Ensure that loan files meet regulatory and investor guidelines, taking corrective actions to resolve any discrepancies.
Fair Lending Compliance
  • Identify and investigate any potential fair lending disparities or discriminatory practices in lending activities.
  • Prepare and present fair lending reports to the Fair Lending Committee.
Audit & Regulatory Oversight
  • Assist with internal and external audits, regulatory examinations, and compliance reviews to ensure adherence to all relevant compliance standards.
  • Provide consistent updates on regulatory changes and assist in updating internal policies to reflect those changes.
Training & Development
  • Participate in ongoing training programs to stay up-to-date on regulatory changes and industry best practices.
  • Cross-train with team members and provide backup support as necessary.
Qualifications
Education & Experience
  • Bachelor’s degree in Business, Finance, Law, or a related field.
  • Minimum of 4 years of experience in compliance, with a focus on BSA, AML, OFAC, and financial regulations.
  • Strong knowledge of loan origination processes, documentation requirements, and regulatory guidelines such as RESPA, TILA, FHA, VA, etc.
  • Experience with transaction monitoring systems, including SAR/CTR filing processes.
Skills & Abilities
  • Excellent analytical, research, and problem-solving skills.
  • Proficient in interpreting complex loan documentation and identifying potential risks.
  • Detail-oriented with the ability to identify discrepancies, errors, and compliance issues.
  • Strong proficiency in Microsoft Office Suite (Excel, Word, PowerPoint) and compliance monitoring tools.
  • Ability to manage multiple tasks, prioritize effectively, and meet deadlines in a fast-paced environment.
  • Strong communication skills (verbal, written, and interpersonal) to collaborate effectively with internal and external stakeholders.
  • Knowledge of risk/compliance management, including fraud prevention and mitigation techniques.
How to Apply
If you’re ready to make a meaningful impact and join a leading financial institution committed to compliance excellence, apply today! We look forward to hearing from you.  Email your resume to Julia Yeargan at jyeargan@theresource.com.
 
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About Winston Salem, NC

Ready to embark on a rewarding career in the vibrant city of Winston-Salem, North Carolina? This charming city, known for its rich history, diverse arts scene, and bustling downtown, offers an array of job opportunities in various industries. From the iconic Old Salem Museums & Gardens to the stunning Reynolda House Museum of American Art, there's no shortage of cultural landmarks to explore. Winston-Salem is also home to the renowned Hanesbrands Theatre, Piedmont Opera, and Winston-Salem Dash minor league baseball team. With its picturesque parks like Tanglewood Park and Salem Lake, as well as its delectable Southern cuisine, Winston-Salem truly has something for everyone. Don't miss out on the chance to grow your career in this thriving and enchanting city - check out our job listings today and take the next step towards an exciting future in Winston-Salem!