This position could work out of West Union, Huntington, Charleston, Mullens, or Rainelle WV; or Wytheville VA.

JOB TITLE: Compliance Officer

Entity (SFG or SCB): SCB

Job Classification: Full Time, Non-Exempt

Department: Compliance

Reports to: Director of Compliance

Education requirements: Bachelor's Degree required or an equivalent combination of education and banking related experience.

The Compliance Officer is responsible for assisting the BSA Officers with maintaining an effective Bank Secrecy Act (BSA), Anti-Money Laundering (AML), USA Patriot Act (CIP), and Office of Foreign Asset Control (OFAC) Compliance Programs (BSA Program). The Compliance Officer should also understand the Bank’s products, services, customers, entities, and geographic locations, and the potential money laundering and terrorist financing risks associated with those activities. The Compliance Officer is also responsible for assisting with maintaining an effective Compliance Program for the Company. In addition, the Compliance Officer is responsible for adhering to and complying with all Company policies and procedures and Federal and State banking laws. The major areas covered are monitoring, reviewing, compliance, and reporting.

Experience or Skill requirements:

• Bachelor’s degree or an equivalent combination of education and banking related experience
• Banking experience and demonstrated knowledge of banking systems, products, and banking regulations
• Possess strong organization skills, highly motivated, and detail-oriented
• Excellent writing and oral communication skills
• Ability to work independently on multiple tasks in a deadline driven, regulatory environment
• Excellent analytical skills including the ability to identify potential problems, collect data, establish facts, and draw conclusions
• Ability to investigate and research complex cases and potentially suspicious situations and effectively arrives at sound risk based conclusions
• Ability to clearly document and support judgments and decisions
• Proactive to identify potential concerns and follow-up to resolve such issues
• Ability to retain a broad knowledge of tasks performed in compliance functions, applicable banking regulations, and the company’s customer base
• Proficient in using Microsoft Office suite, Internet, and other banking systems

Duties:

• Working with the BSA Officers to manage the day-to-day operations of the company BSA, AML, CIP and OFAC Compliance program
• Maintaining proficient knowledge of the BSA, USA Patriot Act, OFAC, and Deposit related rules and regulation
• Ensuring Currency Transaction Reports (CTRs) are completed and electronically filed on time
• Reviewing and approving Currency Transaction Reports (CTRs) to ensure they are completed accurately, when needed
• Escalating alerts to cases for further investigation to determine suspicious activity and ensure timely resolution
• Conducting customer and account level research on a wide variety of data in an effort to identify suspicious and/or illegal activity
• Working with other staff to investigate transactions that are suspicious in nature
• Completing Suspicious Activity Reports (SARs) to ensure they are completed accurately and ensure they are electronically filed on time
• Ensuring and documenting results of any research performed on a customer or account are documented
• Conducting the review of customer and account activity to analyzing the customer or account risk level
• Conduction customer due diligence and enhanced due diligence reviews
• Reviewing and researching potential hits of various scans to determine if they are true match to a suspect name
• Performing regulatory research in response to staff inquires that relate to BSA, AML, CIP, OFAC, and the deposit area
• Assisting and/or performing deposit related compliance reviews or assessments
• Assisting with implementing policies, procedures, and processes necessary to comply with rules and regulations
• Making recommendations to the Director of Compliance and Bank BSA Officer when and where appropriate
• Other compliance related duties may be assigned

Relationships: The Compliance Officer is responsible for assisting the BSA Officers with maintaining an effective BSA and OFAC Compliance Program for the Company. The Compliance Officer will work closing with the BSA Officers and Compliance Analyst. They will provide directions to Compliance Analyst. In addition, the Compliance Officer will work with all departments and employee within the Company to ensure compliance with Company policies and procedures and applicable Federal and State banking laws and regulations, with a primary focus on retail.

Summit Financial Group and the Subsidiaries are an Equal Opportunity Employer of women, minorities, protected veterans and individuals with disabilities.

Salary Information: Hourly rate varies, based on experience.