The client is seeking a BSA/AML Compliance Officer to implement and manage effective Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) compliance programs and ensure compliance with applicable regulations.
Key responsibilities include supporting the growth and development of the Compliance Office with a focus on BSA, security, and internal audit procedures and policies, completing BSA/AML audits and related follow-up items, and serving as an internal auditor. This includes assessing operational risk at the branch level, performing cash-related reviews, conducting second reviews for new accounts, completing secondary post-closing reviews, and maintaining follow-up and documentation for exception reporting.
The ideal candidate will maintain a current understanding of money laundering and terrorist financing issues, including relevant policies, procedures, regulations, industry best practices, criminal activities, and developing trends. The role also involves developing and delivering staff training related to BSA/AML/OFAC, identifying weaknesses in practice and procedure and recommending solutions that improve compliance without unduly burdening business units, and providing compliance assistance to internal departments. Qualifications include a bachelor’s degree or equivalent experience, two or more years of prior experience in regulatory matters, with BSA/AML certifications preferred and familiarity with core banking systems and reports desirable; strong ability to read and interpret statutes and regulations, communicate effectively, use Microsoft Office programs, and engage with individuals at all organizational levels and regulatory agencies is also expected.