BSA Officer

BSA Officer

The BSA Officer is responsible for administering and maintaining the Bank's Bank Secrecy Act/Anti-Money Laundering and Office of Foreign Assets Control (BSA/AML/OFAC) compliance program. The position provides oversight of the Bank's risk-based controls, monitoring, investigations, regulatory reporting, training, and documentation to support compliance with applicable laws and regulations. The BSA Officer also serves as the primary BSA/AML/OFAC resource for management, employees, auditors, and examiners and communicates material issues, emerging risks, and required corrective actions to appropriate Bank leadership.

Qualities of a successful candidate include: Bachelor's degree in business, finance, accounting, criminal justice, or a related field preferred. Relevant financial institution compliance experience may be considered in place of a degree. Three or more years of BSA/AML/OFAC compliance experience in a financial institution, including experience with investigations, regulatory reporting, risk assessments, policies, procedures, or program administration. Professional certification such as Certified Anti-Money Laundering Specialist (CAMS), Certified AML and Fraud Professional (CAFP), Certified Regulatory Compliance Manager (CRCM), or a comparable credential is preferred. Working knowledge of the Bank Secrecy Act, USA PATRIOT Act, FinCEN regulations and guidance, OFAC requirements, suspicious activity monitoring, customer due diligence, and related recordkeeping and reporting obligations. Strong analytical, investigative, research, documentation, and problem-solving skills, with the ability to evaluate complex activity and make well-supported decisions. Ability to communicate clearly and professionally with the Board of Directors, management, employees, auditors, examiners, customers, and external parties, as appropriate. Ability to manage multiple priorities and regulatory deadlines while maintaining accuracy, confidentiality, independence, and sound judgment. Proficiency with Microsoft Word and Excel and the ability to learn and effectively use the Bank's core, monitoring, screening, case-management, and reporting systems. Experience with FCRM or comparable financial-crime monitoring software is preferred. Experience with trust, fintech, digital asset, or other higher-risk products and services is beneficial when applicable to the Bank's activities.

Responsibilities of this position include (but not limited to): Administer and maintain the Bank's BSA/AML/OFAC compliance program, including related policies, procedures, risk assessments, monitoring, documentation, and internal controls. Monitor changes in applicable laws, regulations, regulatory guidance, and industry practices; assess the impact on the Bank and coordinate timely updates to policies, procedures, systems, and training. Conduct and document the Bank's BSA/AML/OFAC risk assessment at least annually and when material changes occur, considering the Bank's products, services, customers, delivery channels, and geographic exposure. Oversee customer identification, customer due diligence, beneficial ownership, enhanced due diligence, and ongoing monitoring processes for higher-risk customers and activities. Establish and maintain consistent processes for identifying, researching, documenting, escalating, and resolving unusual or potentially suspicious activity. Oversee the timely and accurate preparation, review, and filing of Suspicious Activity Reports and Currency Transaction Reports, including required supporting documentation and continuing-activity reviews. Administer applicable FinCEN information-sharing requirements, including Section 314(a) requests, and maintain required documentation and confidentiality. Oversee OFAC screening and escalation processes and coordinate the review, blocking, rejecting, reporting, and recordkeeping of potential sanctions-related activity, as applicable. Monitor monetary instrument activity and other relevant reports to identify exceptions, trends, or activity requiring additional review. Develop and deliver role-appropriate BSA/AML/OFAC training for the Board of Directors, management, and employees; maintain training materials and completion records. Serve as the primary contact for BSA/AML/OFAC regulatory examinations and internal or external audits; coordinate requested information, responses, corrective actions, and validation of remediation. Provide periodic reporting to the Board of Directors and management regarding program performance, risk trends, regulatory filings, significant issues, and the status of corrective actions. Coordinate with business units and support functions to ensure BSA/AML/OFAC responsibilities are understood, documented, and performed in accordance with Bank requirements. Maintain complete, accurate, secure, and confidential records in accordance with legal, regulatory, and Bank retention requirements. Exercise independent judgment, escalate material concerns promptly, and perform other duties as assigned that are consistent with the responsibilities of the position. Performs other duties and responsibilities as assigned and as necessary to support the Bank's BSA/AML/OFAC compliance program and overall business needs. Upholds and models the Bank's core values in daily work, decision-making, and interactions, contributing to a positive, compliant, and service-oriented workplace.

We offer a competitive benefits package that includes Medical, Dental and Vision; FSA or Dependent Care; Supplemental Accident, Hospital, or Critical Illness Plans; Employer paid Life Insurance, Short Term Disability, and Long-Term Disability; and Additional Voluntary Life Insurance Options. Paid Vacation, Sick and Volunteer leave; 401K and Profit Sharing. Compensation for positions is based on the specific position and may be paid in the form of an hourly wage, overtime, a semi-monthly salary, commissions, or a combination of them. Depending on the specific position, some may be paid solely on commissions or others may include a bonus structure. As part of our employee benefits package, we offer exclusive perks such as discounted rates on banking and mortgage services, fee waivers, and access to special financial products. These benefits are designed to support your financial well-being as a valued member of our team.

Plains Commerce Bank is an Affirmative Action/Equal Opportunity Employer committed to providing equal employment opportunity without regard to an individual's race, religion, color, gender, national origin, ancestry, age, sexual orientation, disability, or veteran status.