Position Summary:
The Bank Secrecy Act (BSA) Officer is responsible for coordinating the development, implementation, and administration of all aspects of the corporate-wide Bank Secrecy Act (BSA) Compliance Program. This position monitors compliance with state and federal Bank Secrecy Act (BSA), USA PATRIOT Act, Anti-Money Laundering (AML), and OFAC laws and regulations. Implements system controls, quality control reviews, and monitoring based on industry standard and regulatory guidance methods to ensure the Bank’s BSA Program compliance efforts are maintained daily. Advise the Board of Directors, Executive Management, AML Committee of emerging BSA compliance issues and consults and guides the Bank in the establishment of controls to mitigate risks.
Essential Functions:
- Responsible for all areas of the bank’s BSAprogram;may perform various functions individually or mayassign toBSA departmental staff, asappropriate.
- Act as an escalation point for the BSA department to resolve issues (cases, alerts, etc.). Work on complex issues where analysis of situations or data requires an in-depth evaluation of variables.
- Using software and reports,identifyhigher risk customers for enhanced due diligence. Ensure the maintenance ofaccurateand complete records on the Bank’s high-risk customers including documentation of enhanced monitoring.
- Provide training and mentoring for team members on the Bank’s BSA Policy, the BSA department’s investigation procedures, and the specific functions assigned to the BSA/LSBX Coordinators and CTR/SAR/SIR preparation.
- Ensure the training of all affected management and staff within the companywith regard totheir particular roles in BSA compliance.
- Evaluate the adequacy and effectiveness of procedures and internal controls within the BSA department and business lines. Propose enhancements as needed.
- Ensure thetimelyscreening of the Bank’s customer base in response toFinCen’sbi-weekly 314(a) requests and the maintenance of records supporting results in compliance with regulatory requirements.
- Ensure thetimelyperformance and documentation of the annual review of the Bank’s exempt customer list in compliance withFinCenregulations.
- Perform periodic quality assurance testing of the Bank’s AML software and rules to ensureaccurateand effective monitoring. Prepare reports of testing results for management.
- Knowledgeableonall aspects of the Bank’s BSA Program and be prepared to answer questions from all departments and Bank staffregardingthese requirements.
- Representsthe bank in a positive light in all professional duties. Participates in civic and community affairs, functions, and organizations promoting a positive involved “community image” for the bank.
- Performs other duties as assigned by Management.
Key Attributes:
- Strong verbal and written communication skills
- Flexible andpossessthe ability to manage multiple projects simultaneously
- Detail oriented, self-starter, proactive, and resourceful in problem solving.
- Excellent organizational skills and the ability to work in a fast-paced environment.
Required Qualifications:
- Minimum offive-yearsof related financial industry experience. Must havestrongbackground in Bank Secrecy Act regulations and requirements.
- Experience in managing and developing a team with the ability to work in a changing environment
- Proficient with Microsoft products with strong skills in internet based and system-based research techniques, e-mail communications, and ability to learn other related software applications.
- Experience with financial intelligence tools and resources to detect suspicious activity
- Knowledge of banking processes, products, and banking regulations.
Preferred Qualifications:
- Bachelor's degree inbusiness related field, or equivalent preferred.
- ACAMS certification strongly desired, or ability to obtain
Physical Demands:
- Occasionally lift and/or move items over 10 pounds.
- Remain sedentary (seated) for extended periods of time.
Working Environment:
- Work is performed in a professional office environment.
- This role uses standard office equipment such as computers and phones.
Travel:
