VP & Quality Control Officer

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Job Title: VP & Quality Control ("QC") Officer
Department: BSA Department (HQ Office)

We are looking for a VP & Quality Control ("QC") Officer to join our BSA department team. The Quality Control Officer is responsible for ensuring that the BSA department and OFAC related activities/programs adequately maintain quality standards defined by Open Bank for various programs and processes. A candidate who is bilingual in English & Korean is preferred.

Key Responsibilities:

• Gain a thorough understanding of the Bank's policies and procedures related to the BSA/OFAC rules and their application within the BSA/OFAC Department.
• Implements, performs, and documents assigned control reviews; performs and conducts testing based on detailed procedures and processes. Identifies issues, exceptions, and patterns, escalates to management for resolution, and formally documents findings.
• Evaluate the effectiveness of processes to ensure that appropriate risk factors were addressed by BSA/OFAC senior management.
• Prepare detailed work papers to support findings and provide clear and concise statements/explanations regarding findings.
• Ensure all BSA/OFAC-related issues are remediated accurately and promptly
• Participate in internal audits and regulatory exams, including interfacing with auditors and examiners to provide information, documentation, and support as needed.
• Monitor the issues remediation process to ensure that action plans are executed promptly and adequately.
• Engage in training event developments to further enhance the staff's understanding of current BSA/AML/CFT/OFAC events and/or weaknesses detected within the department.

Requirements/Qualifications:

• Bachelor's degree in Business Administration or related field or equivalent experience required.
• Ability to analyze and organize financial information and perform complex financial calculations.
• General knowledge of lending regulations, lien laws, and loan documentation.
• Ability to work with co-workers, clients, and outside agencies professionally and tactfully.
• General knowledge of lending regulations, lien laws, and loan documentation.
• Good written and oral communication skills; ability to communicate effectively and project a professional image when giving and taking information in writing, in person, and over the phone.
• Bilingual in English & Korean Is preferred.

Employee Benefits & Perks

• Medical, Dental, & Vision: Open Bank offers medical, dental, and vision insurance for all full-time employees and their immediate family members. Employees become eligible for insurance benefits on the first of the month following their hire date.
• Life, Accidental Death & Dismemberment, & Long-Term Disability: Open Bank pays 100% of the cost.
• Flexible Spending Account (FSA): Tax-advantaged financial accounts are offered for employees to pay for eligible out-of-pocket expenses (health, dependent care, transit, and parking) with pre-tax dollars.
• 401(k) Retirement Savings Plan: Open Bank matches 100% of the first 6% of employees' contributions. Employees are eligible to participate on the first of the month following 90 days of employment.
• Paid Time Off (PTO): Employees begin to accrue PTO hours at the time of hire to use for vacation, illness, or other personal reasons.
• Employee Assistance Program (EAP): The EAP offers counseling sessions, online tools and resources, and legal and financial guidance for employees and their family.
• Company Paid Lunch: Open Bank provides company paid lunch twice a week.

To view current job openings, please visit Open Bank Careers Page: https://myopenbank.com/about/#