BSA Officer - Hybrid

BSA Officer - Hybrid Role Description: * Responsible for developing an enterprise-wide risk framework that specifically addresses Bank Secrecy Act (BSA), Anti-Money Laundering (AML) Program. * Oversees the BSA/AML team in the ERM department to optimize and synergize operations and performance therein. * Responsible for maintaining the bank''s BSA/AML Compliance Program to ensure that the bank is in compliance with applicable laws and regulations. * The BSA AML Officer is responsible for developing, implementing, and administering all aspects of the BSA Compliance Program using regulatory guidance and industry standards and advising management on the risks and requirements of new financial products. * Directs the BSA/AML compliance monitoring program to ensure there are sufficient internal controls to promote an effective control environment and prioritizes focus towards areas identified as having the highest level of BSA/AML risk to the bank * Regularly apprises the bank''s Board of Directors and senior management of ongoing compliance with BSA/AML related requirements including compliance initiatives, identified compliance deficiencies, corrective action taken and Suspicious Activity Reports (SARs) filed * Develops and maintains a current written assessment of the bank''s risk in all areas of BSA/AML compliance including, but not limited to, overall BSA/AML risk, customer identification and OFAC. * Oversees the collection of money laundering risk data pertaining to products, services and customers submitted annually to the OCC on the BSA/AML Quantity of Risk Summary Form. * Maintains a comprehensive risk-based BSA/AML policy addressing all areas of BSA/AML compliance, leads the development of and/or reviews changes to procedures of various departments to ensure BSA/AML compliance issues are adequately addressed, and meets with bank staff and management to advise of deficiencies and ensure that required changes are made. * Continually reviews and refines alert thresholds and organizational configurations in the transactional monitoring system to ensure alerts are appropriately set and suspicious activity is detected as expected. * Manages the vendor, process, and documentation for required model validations. * Oversees all the bank''s functional areas with respect to suspicious activity investigations. * Serves as a decision maker in conjunction with other designated individuals on possible suspicious activity and SAR decisions and ensures SARs are properly filed and reported to the Board * Leads the process for maintaining and administering the bank''s Office of Foreign Assets Control (OFAC) compliance program for all functional areas of the bank * Manages the identification and monitoring of customers at high risk of money laundering and terrorist activity. * Leads the process for ensuring all BSA/AML reports are filed as required including, but not limited to, Currency Transaction Reports (CTRs), Suspicious Activity Reports (SARs), Reports of Foreign Bank and Financial Accounts [FBAR], Reports of International Transportation of Currency. * Participates in compliance training and continuing education to maintain proficiency with BSA/AML laws and regulations affecting the bank. * Oversees a team of BSA/AML professionals in the ERM department * Performs BSA AML, CIP, and OFAC risk assessments as needed and work with internal and external business partners, and various forms of data to inform, update, streamline and optimize the BSA AML program. Experience * Bachelor''s degree required * 7+ years of experience in one or a combination of the following: financial crime, BSA, AML, investigations of financial crimes and/or bank risk management, examinations, audits and/or compliance * 2+ years management/supervisory experience * A strong working knowledge of banking products and operations * Experience managing and supervising a team (five plus years preferred but not required)

Created: 2025-11-15