BSA/AML Compliance Officer

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.

Key Responsibilities & Accountabilities

  • 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

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%

Key Competencies & Preferences

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

Organizational Policies

Community Reinvestment Fund USA, Inc is an affirmative action equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity or expression, pregnancy, age, national origin, disability status, genetic information, protected veteran status or any other characteristic protected by law.

Candidates must reside in and be authorized to work in the United States without sponsorship.

CRF’s Theory of Change
CRF’s Theory of Change is the strategic framework used to guide its work. While CRF’s mission remains constant, the Theory of Change outlines how it contributes to the changes it seeks.

The challenge CRF works to address
The current economic system, perpetuated by institutional racism, individual biases and disparities, is unjust. It fosters the inequities that are causing widening disparities in incomes, wealth, and opportunity gaps.

A just economy that works for all
CRF’s Theory of Change is underpinned by the conviction that small businesses are the backbone of our economy, employing nearly half of the U.S. workforce and generating two-thirds of new jobs. CRF believes that providing small businesses equitable access to capital and support services is essential to creating a just economy that works for all.

CRF activates its mission by:

  • Co-creating and deploying innovative financial products and services that address the barriers and inequities small businesses operated by historically excluded people face.
  • Designing and managing financial programs that attract incremental impact capital to communities with a history of underinvestment.
  • Orchestrating a network of trusted small business support organizations enabled by technology.
  • Growing the capacity of community development finance organizations.
  • Helping small businesses navigate the complexities of the small business support ecosystem.

CRF STANDS IN SOLIDARITY
Community Reinvestment Fund, USA (CRF) stands in solidarity with all fighting for social justice, equity, and transformational change. They know that the social changes taking place today will yield a lasting positive impact on the lives of millions.

DIVERSITY, EQUITY & INCLUSION:
CRF is dedicated to building and sustaining a truly diverse, equitable, and inclusive culture. These are not just words on a page – Diversity, Equity & Inclusion are top priorities for the organization, and tie deeply to each of their core values and overall vision for the future. CRF is an equal opportunity employer that evaluate applicants without regard to race, color, national origin, religion, sex, age, marital status, disability, veteran status, sexual orientation, gender identity, or other characteristics protected by law.

CORE VALUES
Create Equitable Economic Opportunities, Lead Through Collaboration, Transform Through Innovation, Excel In All They Do, Act with Integrity.

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 a more detailed description of the incredible work we do, how we do it, and who we are, please visit www.crfusa.com.

Department:
Compliance and Risk
Location:
Hybrid/Remote
Salary:
$70,000 to $80,000 Annually (exempt)

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:
  • Health and dental insurance
  • 401k and Roth IRA
  • Paid Time Off (PTO)
  • Educational Assistance
  • Hybrid Reimbursement Programs
  • Long-Term and Short-Term Disability
  • Life Insurance
  • Flexible schedules and telecommuting options
  • 10 Federal Holidays plus 2 Floating Holidays

How to Apply

To apply for this or other positions, please send your resume to: recruiting@crfusa.com
Community Reinvestment Fund USA, Inc is an affirmative action equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity or expression, pregnancy, age, national origin, disability status, genetic information, protected veteran status or any other characteristic protected by law.
CRF USA, Inc. requires all employees to be vaccinated for COVID-19. As a condition of hire with CRF USA, Inc. candidates must be able to show proof of vaccination for COVID-19 prior to an extension of an offer of employment. Accommodations will be considered for disabilities or sincerely held religious beliefs.
Candidates must reside in and be authorized to work in the United States without sponsorship.

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