BSA Officer

Job Details: Job Location: Worth Branch - Worth, IL60482 Salary Range:$75,000.00-$90,000.00 Salary/year 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 of 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 for 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 related 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 a 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 continuously 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 Qualifications 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 Proficiency with Microsoft Office Suite products, industry related tools and software #J-18808-Ljbffr