The BSA Officer is responsible for developing, implementing, and administering all aspects of the Bank’s day-to-day operations of the Bank Secrecy Act compliance program.
Key Responsibilities:
· Will report to the Chief Compliance Officer (CCO)
· Develop and implement an effective compliance program.
· Create internal controls and monitor bank adherence to all policies and procedures.
· Draft and revise compliance policies and procedures as required.
· Proactively audit processes, procedures, and document any identified weaknesses
· Assist the CCO in collaborating with external auditors and regulatory examiners.
· Provide education and training to employees on consumer compliance and other regulatory matters.
· Develop, monitor, and maintain the Bank’s BSA/AML/OFAC compliance program.
· Conduct risk assessments to identify potential money laundering and financial crime risks.
· Monitor customer transactions and generate alerts for suspicious activity.
· Investigate and file Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs) as required.
· Maintain records and ensure timely reporting in accordance with regulatory guidelines.
· Coordinate independent audits and regulatory exams; respond to findings and recommendations.
· Provide training to staff on BSA/AML/OFAC compliance requirements.
· Stay updated on changes to BSA/AML laws, regulations, and best practices.
· Serve as the bank’s primary contact for BSA-related issues and regulatory inquiries.
· Will prepare monthly and quarterly reports to the Board of Directors and the Compliance Committee.
Requirements
· Bachelor’s degree in business, finance, criminal justice, or related field (or equivalent work experience).
· Minimum 3–5 years of experience in BSA/AML/OFAC in a banking environment.
· Strong knowledge of BSA, AML, OFAC, and other financial regulations.
· Excellent analytical, investigative, and communication skills.
· Experience with AML software and transaction monitoring systems.
· Certified Regulatory Compliance Manager (CRCM) or Certified Anti-Money Laundering Specialist (CAMS) professional designations preferred but not required.
Benefits
-Medical, dental, and vision insurance along with other life-event benefits
-Participation in our 401(k) plan when available
-20 days of Paid Time Off, in addition to customary bank holidays
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