AML/CFT and Compliance/CRA Associate

Description

Title:   AML/CFT and Compliance/CRA Associate

Department:  Risk Management

Reports To:   AVP/AML/CFT and Compliance/CRA Officer

FLSA Status:  Exempt

Type of Position:  Full-time, Hybrid Optional 

JOB SUMMARY

As AML/CFT Associate (fka BSA), this person will assist in the oversight, authority, monitoring, and governmental and regulatory reporting related to the policies and program of the Anti-Money Laundering (AML) / Countering the Financing of Terrorism (CFT) / Customer Identification Program (CIP) / Office of Foreign Asset Control (OFAC), and Suspicious Activity Reporting (SAR), all activities formerly known as Bank Secrecy Act (BSA) duties. The AML/CFT Associate may also assist with training recommendations for the front line and assist with annual reporting for the Board of Directors.

As Compliance/CRA Associate, this individual will assist with ensuring the bank complies with all banking laws and regulations, with specific emphasis on the consumer protection regulations, and the testing of the Bank’s compliance program, including recommendations for training and the implementation of regulatory changes throughout the organization. This individual will also be responsible for the annual collection, validation, and reporting of the Bank’s HMDA data to the Consumer Financial Protection Bureau (CFPB) prior to the established deadline. This individual will assist with the quarterly gathering and monitoring of all Community Reinvestment Act (CRA) data which will be reported to the Board.

DUTIES AND RESPONSIBILITIES (Other duties may be assigned.)

AML/CFT/CIP/OFAC/SAR:

1. Will be considered the primary back-up to the AML/CFT Officer.

2. Assist with the implementation of the AML/CFT/CIP/OFAC/SAR program throughout the organization and with adherence of bank policy and government regulations.

3. Recommend continuing education opportunities for independent study related to the AML/CFT/CIP/OFAC/SAR regulations.

4. Assist with ongoing program training for all employees as well as new process implementation throughout the organization.

5. Research issues and questions to provide supported responses regarding the AML/CFT/CIP/OFAC/SAR, especially related to new product and service implementation. 

6. Verify core data (RIM) information upon account opening and assist with monitoring account activity as described in the AML/CFT/CIP/OFAC/SAR policies and regulations. 

7. Review CTRs and verify the validity of each report. 

8. Assist with the investigation of SAR referrals and make a recommendation when a SAR may or may not be necessary. 

9. Assist with the verification of the customer database against the 314a list.

10. Assist with the assembly of AML/CFT-related information for audits and examinations.  

Compliance/CRA: 

1. Responsible for the bank’s HMDA submission program throughout the organization and be considered the subject matter expert to assist with HMDA related questions.

2. Assist with the collection of all reportable CRA data for the institution reported quarterly to the Board of Directors.

3. Assist the Compliance Officer with the adherence with bank policy and government regulations, with specific emphasis on the consumer protection laws, including, but not limited to, TRID, RESPA, Flood, Regulation CC, Truth in Savings, Fair Lending-Fair Housing and ECOA. 

4. Recommend continuing education opportunities for independent study related to consumer compliance regulations.

5. Research issues and questions to provide supported responses regarding compliance matters, especially related to new product and service implementation.

6. Assist with the review of marketing material, website data, notices, and other consumer contact information for regulatory compliance. 

7. Review loan, deposit, and other consumer disclosures for regulatory compliance. 

8. Review the content of all consumer notices for completeness, regulatory compliance, and appropriate support.

9. Assist with the assembly of compliance-related information for audits and examinations. 

10. Serve as a non-voting member of the Risk Management Committee. 

WORKING CONDITIONS

The role is a full-time position, working a minimum of 40 hours per week, Monday-Friday, 8 AM to 5 PM. Office may be located at any of the bank's facilities, and a hybrid or remote working arrangement may be considered. Noise levels may vary. The duties of the job may require the employee to stand, walk, use hands, and feel objects, tools, or controls, reach with hands, arms and talk or hear. Ability to lift up to 25-pounds. Vision abilities include close vision, distance vision, peripheral vision, depth perception and the ability to focus. Some travel is necessary.

COMPENSATION AND BENEFITS

The annual base salary for this position is $60,000 - $65,000.  In addition to base salary, the position is eligible for an annual discretionary bonus.  Actual compensation offered will vary based on factors such as the candidate’s relevant skills, experience, education, and geographic location.  We take a holistic approach during the hiring process to understand each candidate’s background and align compensation appropriately, ensuring internal equity while allowing flexibility to recognize unique qualifications or expertise. We also offer a 401(k) plan featuring a discretionary employer match in bank stock, along with a comprehensive benefits package. More information about our generous employee benefits can be found on our Career Page at https://trustbank.net/company/career-opportunities.

CORE VALUES

Embrace and promote the TrustBank culture and core values in all aspects of your duties. Strictly manage and protect sensitive information to which you are entrusted.

DISCLOSURES

TrustBank recognizes that people are our bank’s strength, and we place a high value on diversity and inclusion. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs. The best talent will acquire the position. This job description may be subject to change and is not intended to be all-inclusive. The employee may perform other related duties to meet the ongoing needs of the organization. Equal Opportunity Employer/Disability/Veterans

Updated March 23, 2026

Requirements

EDUCATION, EXPERIENCE, and QUALIFICATIONS

· Minimum of Associate Degree, prefer Bachelor’s Degree in business-related study.

· Minimum three years prior experience in bank operations, deposit account opening, mortgage lending, or loan operations.

· Formal bank-related training or certifications are helpful. 

· Continuing education for career development is necessary to meet position expectations.

REQUIRED SKILLS AND ABILITIES

· Excellent ability to read, interpret, and apply government laws and regulations.

· Strong ability to write reports and clearly communicate with the Executive Leadership Group, coworkers, and clients, both in verbal and written formats. 

· Strong ability to analyze and interpret data and form conclusions. 

· Ability to work productively, efficiently, and independently with minimal supervisory overview.

· Multi-tasking ability with strong attention to detail and time management.

· Ability to recognize issues of significance, prioritize accordingly, and appropriately clarify.

· Must work well in a team environment executing with cooperation, professionalism, dependability, and mindfulness.

· Friendly, accommodating, and helpful interpersonal skills and demeanor.

TECHNICAL SKILLS

Ability to utilize Microsoft 365 applications and collaboration tools. Specifically, must have a strong knowledge of Excel, Word, and Outlook. Knowledge of and ability to learn the bank’s data processing system.