BSA Officer

Program Governance and Oversight 

• Design, implement, and maintain a comprehensive BSA/AML/CFT and OFAC compliance program in accordance with BSA/AML, USA PATRIOT Act, OFAC, and FinCEN regulatory requirements and guidance 
• Ensure the program meets the four pillars of BSA/AML compliance 
• Completion and maintenance Enhanced Due Diligence (EDD) matters, OFAC regulations, USA Patriot Act 
• Develop and maintain BSA/AML/CFT and OFAC policies, procedures, and internal controls 
• Prepare and execute the  enterprise-wide BSA/AML/CFT and OFAC risk assessments, including data analysis, coverage assessment, product, customer, and geographic risk alignment, methodology and application 
• Completion of Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) reviews as required 
• Oversee the Customer Identification Program (CIP) and ensure required information and documentation is properly collected and retained in compliance with regulatory requirements   
• Timely filing of CTR’s and SAR’s 
• Ensure compliance with 314(a) and 314 (b) USA Patriot Act responsibilities 
• Exercise judgement following broad guidelines and selection of choices and actions where clear standards and practices may not be present 
• Manage detailed work, problem solving, judgement, reasoning, verbal communication, written communication, analytical reasoning and concurrent tasks 
• Ensure compliance with OFAC regulations, including screening, blocking, reporting, and recordkeeping requirements 
• Oversee OFAC sanctions screening programs customers, transactions, and vendors and provide sanctions guidance to business lines and senior leadership 

Regulatory and Examination Management 

• Primary liaison with federal and state regulators, internal and external auditors for all BSA/AML/CFT and matters 
• Manage regulatory examinations, audits, document requests and inquiries; coordinate responses, remediation plans, and issue resolution 
• Monitor and interpret regulatory changes and emerging risks to ensure the BSA/AML, CFT and OFAC programs for the bank remain compliant 

Transaction Monitoring and Investigations 

• Account transaction monitoring, review and decisioning of alerts and manual monitoring of higher risk accounts 
• Oversee transaction monitoring systems, model governance, and tuning to ensure effective detection of suspicious activity 
• Ensure timely, accurate, and complete filing of Suspicious Activity Reports (SARs), Currency Transaction Reports (CTRs), FinCEN 314(a) reporting and other required regulatory filings 
• Conduct BSA/AML investigations as needed and document results in written report narrative  
• Determine and provide escalation decision-making and risk-based judgment for complex or high-risk cases 

Leadership and Advisory 

• Committed to achieving established goals, overcoming obstacles and continuous learning to improve performance and skillsets 
• Problem Solving and Decision-Making skills with the ability to identify root causes of issues and challenges and work with colleagues, subject matter experts and business lines as appropriate  
• Lead, mentor, and develop BSA/AML staff, including managers, investigators, analysts, and quality assurance personnel. 
• Advise executive management and the Board of Directors on BSA/AML risk, program performance, and remediation efforts. 
• Participate in new product approval, customer risk acceptance, and strategic initiatives to assess AML impacts. 

Reporting and Metrics 

• Prepare and present BSA/AML reports to Senior Management and the Board, including risk metrics, SAR trends, and program effectiveness 
• Ensure appropriate management information systems (MIS) and data governance are in place 

EDUCATION AND EXPERIENCE

• Bachelor’s degree preferred or equivalent work experience. 
• CAMS, CFE, CRCM, or equivalent certifications 
• Minimum 3–5 years BSA/AML/CFT and OFAC experience and knowledge of regulatory requirements 
• Knowledge and understanding of BSA/AML/CFT and OFAC regulation and requirements 
• Knowledge of banking products, operations, and compliance standards. 
• Knowledge of federal and state laws and regulations related to FinCen, BSA/AML/CFT, OFAC and CIP requirements  

CORE COMPETENCIES

• Knowledge of regulatory requirements related to BSA, AML, CFT , OFAC, FinCEN and all other regulatory agencies 
• Financial services, lending and retail banking experience 
• Strong analytical, critical thinking, research skills 
• Proficient with review and analysis of data, problem resolution and identification of trends  
• Strong business acumen, written and verbal communication skills 
• Strong leadership and interpersonal skills 
• Knowledge of banking products, operations, and compliance standards. 
• Proficiency with Microsoft Office Suite products, industry related tools and software