About CFBank:
We are an award-winning, fast-growing, high-achieving organization that thrives on winning. If you are seeking a place where you can have enhanced visibility, add more value, and you thrive in a dynamic and growth-focused environment, you belong at CFBank. We are agile, we work with integrity, and we hustle. For over 130 years we’ve been serving our communities and over the past decade have become a top performer, successfully growing our business and attracting some of the best talent out there. We are a commercial bank that offers a boutique banking experience for personal banking clients. Our unique business model offers direct access to decision-makers, great technology, great products, and competitive pricing that position our teams to go into the market and win business
About the role:
The primary objective of the BSA and Compliance Officer is to ensure proper adherence to the provisions and intent of both the Bank Security Act and compliance with successfully demonstrating the Banks' responsiveness.
What you’ll do:
- Coordinates and oversees an effective Bank Secrecy Act/Anti-Money Laundering/OFAC Compliance Program that is in compliance with current industry best practices, regulatory guidance, and requirements. Serve as a subject matter expert on various compliance matters through providing compliance advice and guidance to staff as needed and providing various BSA reports to Management.
- Develops, implements administers and enhances the BSA/AML/OFAC/USA Patriot Act monitoring systems to ensure appropriate parameters are in place to identify suspicious and/or fraudulent activity.
- Review various reports and transactions to identify and minimize potential risks, also identify and investigate high-risk accounts/transactions, taking appropriate reporting and procedural corrective action.
- Establishes and maintains appropriate SAR investigation, reviews, and reports processes that promote consistent decisions; adequate investigation and research; and completes detailed documentation.
- Responds to exams and audit concerns and oversee corrective action of all related compliance deficiencies.
- Updates and revises BSA/AML/OFAC and all other compliance policies and procedures.
- Administers BSA/AML/OFAC-related training programs for directors, management, and employees and provides BSA guidance and coaching to employees.
- Maintains BSA/AML-related monitoring and reporting systems. Serves as subject matter expert in all systems related to BSA/AML activities.
- Monitors and analyzes developing industry and compliance trends and changes to laws and regulations pertaining to BSA/AML/OFAC/USA Patriot Act. Advises stakeholders of emerging risks, new or amended laws, regulations, or agency guidance and recommends and implements changes and controls to mitigate those risks.
Requirements and Experience:
- High school diploma or equivalent required
- At least 5 years of bank compliance experience that includes BSA responsibilities.
- Experience with BAM+, Shield
What We Offer:
- Career advancement and skill enhancement opportunities as a result of our focus on growth through collaboration as well as our uniquely flat organizational chart, which provides all roles with unique visibility to the Executive team.
- Excellent Benefits Package: Top benefits include dependent coverage, generous PTO, Federal Holidays, and Paid Parental Leave for those who qualify for eligibility.
- “Accelerated” 401k Plan and Employee Match of 50% of the first 8% deferred, available your first full month of employment with a 3 year vesting
- Employee Banking Products and Services and Direct Deposit of payroll to CFBank Account (over 90% of our employees bank with us!)
- Employee Assistance Program with a wide range of free resources such as estate planning and wellness resources
- One of the most collaborative environments you’ll find, with a team of hard-working mutually invested professionals who are excited about shared success
CFBank, National Association is an Equal Opportunity Employer, including disability and protected veteran status. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, or veteran status.
Skills Required
- High school diploma or equivalent
- At least 5 years of bank compliance experience that includes BSA responsibilities
- Experience with BAM+, Shield
What We Do
CFBank is a boutique commercial bank offering a range of banking products and services, including commercial lending, equipment financing, private banking, mortgage lending, and deposit solutions for businesses and individuals. It emphasizes tailored financial strategies and relationship-first service.
