2204-2 Bank Secrecy Act Officer

SOUTHEAST BANK
JOB DESCRIPTION

TITLE: Bank Secrecy Act Officer
DEPARTMENT: BSA
SUPERVISES: 3
JOB CLASSIFICATION: Exempt

 

 

BASIC FUNCTION:
The Bank Secrecy Act Officer is responsible for the implementation and administration of all aspects of the Bank Secrecy Act/Anti Money Laundering Program (BSA/AML), under the guidance of the SVP, Senior Compliance Officer and Chief Compliance Officer.

 

 

ESSENTIAL FUNCTIONS:

  • Maintain current knowledge of the Bank Secrecy Act and all Anti-Money Laundering and OFAC regulations.
  • Manage the BSA Department that consists of an Assistant BSA Officer and BSA Analysts. Ensures staff is cross trained to maintain depth in the department.
  • Coordinate and monitor day-to-day BSA/AML/OFAC/CIP compliance. Ensures all department monitoring, investigation, data validation, reporting and recordkeeping functions are performed timely and effectively.
  • Act as a liaison/contact for examinations, internal audit, and external audits of the BSA/AML/OFAC compliance programs. Respond to exams and audit concerns and oversees corrective action of all related compliance deficiencies.
  • Serve as an escalation point for the BSA department and leadership for complex BSA related issues where analysis of situations or data requires an in-depth evaluation of variables.
  • Develop, implement, administer, and enhance the BSA/AML/OFAC monitoring systems to ensure that appropriate parameters are in place to identify suspicious activity.
  • Evaluate the adequacy and effectiveness of procedures and internal controls within the BSA department and propose enhancements as needed.
  • Complete an annual BSA/AML/OFAC risk assessment and update related policies and procedures as applicable.
  • Administers BSA/AML/OFAC related training programs for directors and employees and provides BSA guidance and coaching to employees.
  • Other duties as assigned

 

 

SKILLS, KNOWLEDGE AND TRAINING:

  • Minimum of five years of related financial industry experience. Strong background in Bank Secrecy Act regulations and requirements.
  • Experience in managing and developing a team with the ability to work in a changing environment.
  • Detail-oriented, self-starter, proactive, critical thinker and resourceful in problem solving.
  • Excellent organization skills and the ability to work in a fast-paced environment.
  • Proficient with Microsoft products with strong skills in internet-based and system-based research techniques, e-mail communications, and ability to learn other related software applications required.
  • Strong verbal and written communication skills.
  • Experience with financial intelligence tools and resources to detect suspicious activity.

 

 

WORKING CONDITIONS:

  • Sitting for long periods of time
  • Lift 10-20lbs periodically
  • Periodic travel

 

 

REQUIREMENTS:

  • High school diploma or equivalent, required.
  • Bachelor’s degree in Finance or related field preferred
  • 3-5 years BSA experience, preferred.
  • 5-10 years general banking experience, preferred.

 

 

Qualified candidates may click here to apply.

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