BSA Officer

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The position of BSA Officer is responsible for overall BSA operations and the BSA Department. The BSA Officer is also responsible for ensuring compliance with all regulatory requirements as they apply to BSA.

• Direct and oversee the Bank’s BSA/AML compliance program to ensure compliance with all applicable federal and state regulations, as well as internal policies and procedures.
• Develop, implement, maintain, and annually update BSA-related policies, procedures, risk assessments, and monitoring controls to address regulatory requirements and emerging financial crime risks.
• Manage all aspects of suspicious activity monitoring and investigations, including the review of system-generated alerts, identification of unusual or suspicious activity, preparation and filing of Suspicious Activity Reports (SARs), and presentation of cases to the SAR Committee when appropriate.
• Complete and submit Currency Transaction Reports (CTRs) within required regulatory deadlines.
• Coordinate information-sharing requests under Section 314(a) and 314(b) of the USA PATRIOT Act.
• Conduct Enhanced Due Diligence (EDD) reviews on high-risk customers.
• Maintain the Bank’s high-risk customer program and recommend account restrictions or closures when risks warrant such action.
• Review and resolve OFAC and sanctions-related alerts, determine potential matches, and ensure all required regulatory reporting is completed.
• Research and investigate deposit account, loan, and other fraud-related activity, identify emerging fraud and BSA/AML risk trends, and recommend appropriate mitigation strategies.
• Maintain accurate records and logs required for compliance, including the Monetary Instrument Log and other regulatory reporting records.
• Serve as the primary point of contact for regulatory examinations, audits, and independent reviews of the Bank’s BSA/AML program. Coordinate responses to examiner and auditor requests and implement corrective actions as needed.
• Provide leadership and direction for the BSA Department, including staffing, training, performance management, work assignments, scheduling, coaching, and employee development.
• Administer user access and maintain system configurations within the Bank’s BSA/AML monitoring platform to ensure effective monitoring and reporting capabilities.
• Deliver BSA/AML, OFAC, and related regulatory training to bank employees and the Board of Directors
• Provide guidance and support to branch personnel and other departments on BSA compliance-related matters.
• Resolve BSA inquiries.
• Ensure the accuracy of operational and compliance reports.

Secondary Duties

• Research and process all grand jury subpoenas received via official notices email and ensuring the accuracy of documentation provided.
• Participate in and contribute to internal committees, including the Compliance Committee, Incident Response Committee, and other committees as assigned by senior management. Perform other duties and special projects as assigned in support of the Bank’s compliance, operational, and risk management objectives.

Physical Activity

This job requires lifting supplies not to exceed 10 pounds. Mobility demands include standing, sitting, stooping, and reaching. Extensive computer usage and highly concentrated visual work is routine, and detailed information through verbal and written communication is given and received.

Knowledge, Skills, and Abilities

Knowledge of personal computers and computer software for word processing and spreadsheets is required. Knowledge of bank data processing systems is also required. Ability to interpret regulatory material is required. Candidates must possess technical writing skills and must demonstrate ability to effectively train front line and BSA Department staff on BSA.

This job requires the ability to meet established deadlines, work productively in groups and individually, communicate effectively in writing and orally, operate standard office equipment, work extended hours occasionally, and travel to various bank locations and training activities as needed.

Position Requirements

Graduation from high school (or equivalent), with at least ten (10) years of experience in banking with five (5) years in BSA operations. Use of personal vehicle is necessary.