BSA/AML Manager

Posted: 01/09/2022

The BSA/AML Officer develops, implements, administers, and maintains all aspects of the bank’s Bank Secrecy Act/Anti-Money Laundering Compliance Program. Ensures the program functions at a high level of compliance with the BSA/AML related laws and regulations, internal policies and Federal regulatory expectations. The Bank Secrecy Act Officer is required to be fully knowledgeable and skilled in all areas of BSA/AML compliance and to independently recognize, develop, and implement effective compliance related solutions for the BSA/AML program. Responsibilities Include: • Coordinating and overseeing an effective risk-based BSA/AML/OFAC program • Serves as the lead for implementing enterprise-wide BSA/AML, CIP, and OFAC policies and procedures consistent with regulatory expectations • Establishes and maintains an effective CDD/EDD risk rating and monitoring program to include initial and ongoing assessments, and reviews and analyzes unusual account activity • Establishes and maintains appropriate SAR investigation, reviews and reports processes that promote consistent decisions; adequate investigation and research; and completes detailed documentation • Develops, implements, administers and enhances the BSA/AML/OFAC/USA Patriot Act monitoring systems to ensure that appropriate parameters are in place to identify suspicious and/or fraudulent activity • Conducts BSA/AML/OFAC risk assessments at least annually with consideration to products, services, members and geographies that may present BSA/AML/OFAC related risks • Updates and revises BSA/AML/OFAC and all other related compliance policies and procedures • Acts as a liaison/contact for examinations, internal audit and external audits of the BSA/AML compliance programs • Responds to exams and audit concerns and oversees corrective action of all related compliance deficiencies • Provides company-wide BSA/AML/OFAC coaching and training to company staff • Responsible for anti-fraud program(s) • Other duties as assigned Requirements: • Minimum 5+ years of previous BSA/AML/OFAC experience within a regulated financial institution • Working knowledge of BSA/AML/OFAC requirements including customer risk rating, AML monitoring and testing, and suspicious activity reporting • Knowledge of BSA/AML software systems • ACAMS certification is a plus • Ability to work independently and successfully manage multiple projects simultaneously • Excellent written and verbal communication skills