The job description of a bank security officer could be broad—and has changed over time. Fifty years ago, a bank security officer’s main responsibilities centered on the physical safety of the financial institution’s employees, customers, and facilities.
Banking exams are conducted by both the Federal Deposit Insurance Corporation (FDIC) and state-level organizations to evaluate the practices of financial institutions.
Banks utilize a variety of management systems to ensure smooth operations and maintain compliance.
Barcode scanning is a method of using barcodes to identify what a document is and where it belongs in a file. When properly utilized, barcodes can streamline a bank’s document management workflow and reduce the likelihood of documents being inserted into the wrong file.
Batch scanning is the process of scanning more than one document in a single action. For example, a lender might use batch scanning to quickly digitize an entire loan file for a customer.
A BSA Compliance Officer coordinates and monitors adherence to Bank Secrecy Act regulatory requirements, which are focused on detecting and halting money laundering.