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Description

SUMMARY DESCRIPTION:

Banker will be required to collect, assess and maintain corporate documents that will support a solid, safe and sound relationship between customers/businesses and Partner Colorado Credit Union. Banker will evaluate the documents for concerns and issues that will place Partner Colorado and its assets in harm's way, clear issues and ensure mitigating strategies exist within the business. Banker will be expected to provide service at a private banker level that will exceed the normal banking relationship in the market; ensuring a long-term loyal client relationship. Banker will identify and execute on opportunities for new business growth and business development. Banker is expected to KNOW the client business thoroughly and speak to their growth plans, changes in their environment, regulatory conditions and their basic service needs that will assist them in optimal performance while protecting our interests and avoiding legal/regulatory issues. Looks for ways to streamline business practices that makes financial and compliance sense with adhering to great member experience

POSITION DUTIES:

DOCUMENT MANAGEMENT:

• Banker will collect and evaluate corporate documentation and determine risk levels associated with the evaluation of corporate structure, financials and practices; working closely with VP of Commercial Risk as needed.
• Banker will maintain up to date documents on each assigned client throughout the year; ensuring the collection of expired licenses, leases, insurance, etc. and update files with said documents.
• Banker will determine when additional supporting documentation is required to ensure practices are in place to ensure the safety and soundness of the relationship between client and Partner Colorado.
• Banker will determine when clients' policies and procedures are sufficient for safety and soundness to protect the organization.
• Banker will determine when documentation is insufficient to sustain a safe and sound relationship and make recommendations to close accounts that decrease the overall safety and soundness of the entire organization.
• Banker will review and evaluate financial documentation (income statement, balance sheets and tax documents) for interpretation of the business activities and resulting financial transactions that may impact the credit union.

BUSINESS LOANS:

• Responsible for documentation, closing, funding, disbursement and servicing of business loans
• Responsible for lien perfections and lien terminations and document archiving
• Collect annual due diligence documents and conduct annual due diligence reviews for business loans.

SOURCE OF FUNDS/DEPOSITS:

• Banker will be required to monitor deposits and collect sufficient supporting documentation to validate deposits from legal activities that are reported to the state or federal entities.
• Banker will need to ensure funds that are not supported are not released to the client until sufficient support documentation is obtained outside normal sales activities that are validated monthly.
• Banker will be required to determine when reporting requirements for BSA/FINCEN are triggered due to insufficient documentation, resistance to substantiate or lack of transparency causes suspicious activity triggers according to FINCEN guidelines.
• Banker will need to determine what level of documentation is sufficient to validate source of funds and track documentation throughout the relationship with client.
• Banker will be responsible to discuss uncomfortable situations with the client when documents are not sufficient and work toward a quick resolution or action to terminate under the supervision of the VP of Commercial Risk.

SERVICE

Banker will be required to meet standards of a private banking model to include

• Keeping the paperwork to a minimal level when appropriate
• Completing forms for client signatures
• Meeting on site, according to the size of business, to discuss bank issues, client activities and strategic movements of the organization in order to ensure all transaction activities are justified.
• Understanding and taking an interest in the future of the business.
• Assist other staff with commercial banking questions

MONITORING

• Banker will monitor account activity monthly to establish trends and patterns that predict future activity and analyze data for suspicious activities that might trigger BSA reporting.
• Banker will maintain solid, reliable records on monitoring that will be subject to compliance oversight regularly.
• Banker will be required to ensure interactions with clients are documented for compliance scrutiny.
• Banker will be required to monitor outgoing payments to ensure FINCEN guidelines / Red Flags are sufficiently addressed.
• Banker will be required to monitor reporting requirement for assigned clients and miss zero deadlines.

BSA/FINCEN GUIDELINES & COLE MEMO PRIORITIES

• Banker will be required to know the regulatory guidelines sufficiently to apply to all account and client activities.
• Banker will be required to maintain BSA Certification.
• Banker will be required to uncover or discover issues that trigger reporting, account holds/freezes and work with the VP of Commercial Risk to take appropriate action.
• Banker will need to understand the ramifications of banking the industry on both a personal and professional level and protect the organization and themselves from any legal action.
• Banker will be required to monitor the industry for changes and trends that may impact banking.

BUSINESS EDUCATION

• Assist Businesses with bundling moneys, setting up secure pick-up/delivery services if applicable.
• Assist Businesses with determining services needed and making formal recommendations to the manager for approval.
• Assist Businesses with merchant services.
• Perform On-site verifications annually; understanding the basics of inspections enough to spot violations.

EXPECTATIONS:

1. Maintain Confidentiality on policies, procedures and business model.
2. Interface with IRS, DEA, FBI, DOR and any other agency on subpoenas & inquiries under the supervision of the VP of Commercial Risk. Review and understand business financials.
3. Train other Business Bankers as required
4. Document all business activities to the satisfaction of auditors and examiners.
5. Annual review of Business accounts assigned.
6. Be prompt and always follow through with members either verbal or otherwise.
7. Maintain a private banking atmosphere for the client.
8. Adhere to position goals as assigned.
9. Understand complex business structures and document requirements for each.

Requirements

QUALIFICATIONS:

• Business Account knowledge
• BSA Certification and understanding
• Bachelors of Business Degree preferred
• Ability to Self train on this new industry and apply knowledge to protect Partner Colorado
• Ability to STRICTLY follow and adhere to regulatory guidelines and rules surrounding the service to this industry.

KNOWLEDGE & SKILLS:

• One year of related experience in a financial institution.
• High school graduate.
• Capable of preserving confidential or sensitive information.
• Effective time management, organization and multi-tasking skills.
• BSA Certified.

COMPENSATION & BENEFITS

Starting annual salary - $61,567 + depending on experience

Being a part of Partner Colorado CU has its benefits. We offer valuable benefits designed for you, your family, and your life. Our plans are cost-effective, convenient and provide ways for staying healthy, protecting loved ones, pursuing financial security and living a full and balanced life. There is a potential for Annual Performance Bonus, Medical Plans, Dental, Vision, HSA, 401(k) match, Life/AD&D, Accident, Hospital Indemnity, Long Term Care, Short-term Disability, Long-term Disability, Identity Theft, Paid Time Off, Paid Holidays, Personal and Professional Development.

PHYSICAL DEMANDS:

While performing the duties of this job, the employee is regularly required to use hands or fingers, handle or feel; reach with hands and arms; talk and hear. The employee frequently is required to stand, walk and sit. Specific vision abilities required of this job include close vision and ability to adjust focus. Must be able to lift up to 35 lbs.