Chief Compliance Officer

Chief Compliance Officer Job Description The Compliance Officer is responsible for ensuring that the company, along with its employees, is in compliance with the regulations established by the Federal and State Regulatory agencies. Responsibilities Administer the Compliance Program. Construct, implement, and maintain a unique compliance program suited to the company that satisfies Federal, State, and institutional legal requirements. Update Girosol forms, documents and notices in order to comply with existing BSA/AML compliance legal and regulatory requirements. Adopt the compliance program, that includes but is not limited to corporate resolutions. Oversee that all Girosol’s areas and departments adhere to the policies, procedures and controls established to comply with BSA, and all other AML laws and regulations. Notify the Compliance Committee and the Board of Director of any instances of known or suspected criminal activities, whether from internal or external sources, and take the necessary actions to prevent it and stop any negative impact on the company. Ensure documentation pertaining to subpoenas, summons, and other legal documents served on Girosol is reviewed to determine if there are any BSA/AML issues and if further investigation is warranted. Encourage staff members to communicate any BSA/AML compliance concerns or questions. Maintain a compliance manual that adheres to all federal and/or state requirements. The Compliance Manual must cover: Detailed policies and procedures for conducting Bank Secrecy Act (BSA) related transactions. Training of employees. Provision for independent audits. Monitoring of the compliance program. Retention of all BSA related documentation. Office of Foreign Asset Control requirements. Protection of Consumer Privacy / Gramm Leach Bliley Act (GLBA). Procedures for complying with this act must be documented. Manage, maintain and make available an accurate record retention system. Institute an on‑going Compliance BSA/AML training program for the entire company staff that is an effective and customized solution to meet the “Employee Training” requirements and provides comprehensive and up‑to‑date education on the BSA/AML laws and regulations that affect the activities of Girosol and the functions of all staff. Document proof of the Compliance BSA/AML training done. Provide an “Employee Compliance Handbook” that contains information on the Bank Secrecy Act, USA PATRIOT Act, Money Laundering Control Act, and other anti‑money laundering laws and regulations, and detail how the employees are going to help the company remain in compliance with those laws and regulations. Manage Independent Compliance Programs Audits done by external auditors, who are not involved with the day‑to‑day operations of our business or compliance program, and are knowledgeable regarding the latest anti‑money laundering requirements. Assist the auditors and independent BSA/AML Compliance reviewers by providing documents, reports and any other compliance information as may be required during the course of an audit or review. Administer sound procedures, and provide a written report of findings that, among other things, offers suggestions for improvement. Report on the state of BSA/AML compliance to the Compliance Committee and Board of Director, including presentation of reports and other pertinent documentation. Support Senior Management and staff in their efforts to ensure that Girosol is in compliance with applicable federal and state BSA/AML laws, regulations and internal policies and procedures. Responsible for making sure the day‑to‑day compliance work is completed. Monitor Girosol’s compliance with OFAC regulations by ensuring that all accounts and transactions are reviewed for OFAC purposes. File Currency Transaction Reports (CTRs). File Suspicious Activity Reports (SARs). Investigate and, if necessary, ensure all instances of known or suspected criminal activities are reported to FinCEN, by filing a Suspicious Activity Report (SAR). Re‑file Money Services Business (MSB) registrations. Monitor Money Transfer activity. Monitor checks as a form of payment activity. Respond to Internal Revenue Service (IRS) correspondence. Maintain logs. Maintain appropriate bank correspondence. Generally assist customers and Agent employees with regards to compliance questions. Manage third party on‑site visits – coordinate with regulatory agency examiners during BSA/AML compliance regulatory examinations. Furnish examiners with requested information and act as primary examination contact. Take necessary action to coordinate and oversee the correction of violations and deficiencies noted during internal audits, BSA/AML reviews, and/or regulatory examinations. Remain up‑to‑date on all relevant BSA/AML issues by regularly reviewing the web sites of FinCEN, bank regulatory agencies, other governing bodies. #J-18808-Ljbffr