AML / CFT Officer

This is an on-site position in Michigan City, IN.

Job Overview

The AML / CFT Officer is responsible for directly managing a team of advisors that provide the day to day support of Horizon Bank's Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT) and Office of Foreign Assets Control (OFAC) Compliance Program using industry standards and regulatory guidance to ensure the Bank's compliance efforts are maintained on a daily basis. The AML / CFT Officer is also responsible for overseeing the Bank's fraud program, directly supervising the Fraud Supervisor who handles the day-to-day management of the fraud program and supervision of the Fraud team. Serves as a liaison with regard to AML / CFT / OFAC matters and participates in internal audit engagements and regulatory exams and leads the team to attain fraud mitigation and compliance goals.

Principal Accountabilities

Accountable for the overall leadership, design, maintenance and management of the AML / CFT / OFAC Compliance Program. Responsible for adhering to the reporting and recordkeeping requirements of the Bank Secrecy Act and Anti-Money Laundering rules and regulations, observing economic sanctions by prohibiting transactions as specified by the Office of Foreign Asset Control (OFAC) following the bank's customer identification program (CIP) rules, observing all Bank policies and procedures relating to AML, OFAC, CIP, and related acts, and participating in ongoing related training. Represent the Bank to both internal and external customers, vendors and regulators in a courteous, professional manner in face-to-face, written and telephone communications. Actively protect confidentiality of customer and account information. Demonstrate Horizon Bank's commitment to the communities we serve through involvement in local organizations and events.

Duties

• Responsible for the continued development and documentation of a formal written program of procedures to ensure that each branch, department and all advisors are aware of and comply with the letter and spirit of all laws and regulations that affect their operations.
• Provide assistance, guidance and training to all advisors regarding interpretation and implementation of the Bank Secrecy Act and related federal regulations and this compliance program.
• Act as chairperson for the Bank's SAR Committee.
• Oversight of Fraud Mitigation - Ensures the effectiveness of the fraud program is maintained by Fraud Supervisor and staff to minimize exposure to threats and increase awareness through training to reduce losses.
• Oversight of the processing of legal paperwork according to established rule and timeframes related to the Right to Financial Privacy Act, including the oversight of legal paperwork for garnishments, levies, and subpoenas.
• Participate on project teams directly related to areas involving AML, Fraud, and wire transfer and actively contribute to the successful implementation of those projects.
• Other duties as assigned.

Personnel Management

Qualifications & Skills

Core Competencies

Physical Requirements

Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions in compliance with the Americans with Disabilities Act (ADA)

Physical Demand : Percentage of Time :

Communicate with customers, advisors, managers and governmental agency representatives regarding banking transactions and issues. Able to exchange accurate information with others.

90-100%

Able to verify authenticity of financial instruments, forms, documents and signatures. Able to verify identity of customers, vendors and service providers. Able to observe actions of others to ensure safety and security of the facility.

90-100%

Able to grasp, move and sort forms and papers.

90-100%

Constantly operate a computer and other office machinery such as calculator, copy machine, fax machine, scanner, printer and telephone.

90-100%

Able to remain stationary at a desk for long periods of time.

75-100%

Regularly move about the office to access file cabinets, storage drawers and various office equipment.

75-100%

Occasionally position self to reach heights between floor and 6'

Travel to Horizon branches or to attend seminars and meetings. Some overnight travel may be required.

Horizon Bank is a proud Equal Opportunity Employer | Disability | Veteran Employer.

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