The client is seeking a Vice President / BSA Compliance Officer to develop, implement, administer, and maintain the Bank Secrecy Act Compliance Program. This role supports compliance with BSA/AML-related laws and regulations, internal policies and procedures, and federal regulatory expectations by establishing and overseeing policies, procedures, systems, controls, and staff training.
Key responsibilities include maintaining expertise in money laundering and terrorist financing issues; implementing BSA regulatory compliance activities across the bank; conducting an annual BSA risk assessment to identify and measure BSA/AML and OFAC risks tied to bank products and services; and advising management on how to address identified risks through appropriate program components. The role also supports ongoing monitoring by reviewing selected transaction activity reports, identifying items requiring follow-up or investigation, and leading BSA/AML and OFAC training for new hires and ongoing education for staff.
The position additionally oversees deposit operations compliance, coordinates with operations personnel on new accounts, and supports customer information compliance while monitoring account activity to ensure OFAC requirements are met. The client expects the officer to identify weaknesses in current practices and recommend improvements that increase compliance effectiveness, manage the revision and dissemination of updated compliance standards and procedures, coordinate and supervise compliance-related programs (including training, compliance testing and reporting, and records handling), and file required reports and respond promptly to lawful requests from law enforcement. Required qualifications include a bachelor’s degree (preferably in business or a related field), specialized BSA/AML/OFAC training, at least two years of BSA experience (including prior experience as a BSA Officer or near equivalent), and working knowledge of federal and state anti-money laundering statutes and regulations, along with strong communication skills and the ability to interpret regulations and analyze problems using data.