2204-4 BSA/OFAC Officer

First Volunteer Bank
BSA/OFAC Officer


The Bank Secrecy Act (BSA) officer is responsible for developing, implementing and administering all aspects of the Bank Secrecy Act Compliance Program.



Essential function:

  • Advises Senior Management and Bank personnel of emerging compliance issues and consults and
    guides the Bank in the establishment of controls to mitigate risks.
  • Coordinates and revises the BSA/AML Program as necessary so it stays current.
  • Maintains a current knowledge of the Bank Secrecy Act and all related anti-money laundering
    and OFAC regulations; monitors legislative and regulatory developments regarding the Bank
    Secrecy Act and reports important compliance developments to board, management and other
    bank personnel.
  • Prepares for and coordinates regulatory and internal audits related to BSA compliance. Develops and approves responses to be sent to regulatory agencies and outside auditors/consultants.
  • Ensures new product and service development include full BSA/AML consideration.
  • Develops, coordinates, and facilitates training programs, sessions, and seminars to educate bank
    personnel about Bank Secrecy Act related compliance requirements and procedures.
  • Reviews all suspicious activity report (SAR) investigations and decides when to file suspicious
    activity reports. Maintains all SAR files and documented files for investigations that did not result
    in a SAR being filed.
  • Oversees monitoring program, including SAR filing and 314(a) reporting; directly responds to all
    314(a) and 314 (b) inquiries, escalate potential watch list hits and prepare required regulatory
  • Supervises and mentors staff, set and administers goals and sets performance objectives.
  • Prepares reports for the board of directors on a periodic basis and ensure that the board is kept
    fully informed of the BSA program.
  • Oversees review of data in YellowHammer software to track and investigate potential fraudulent
    and other types of transactions that could place the bank at risk.




College degree preferred, but equivalent banking experience may be substituted

  • Additional five years’ general banking or regulatory agency experience
    • Bank Administration Institute, American Banker Association, or equivalent specialized BSA
    • Understanding of legislative and regulatory processes
    • Familiarity with all functional areas of banking
    • Excellent communication (both written and verbal), influence and leadership skills.
    • Ability to manage multiple demands and priorities



Qualified candidates may visit www.firstvolunteer.com/careers to apply.

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