Bank Secrecy Act Officer

Job Type
Full-time
Description
Responsible for development, implementing, and administering all aspects of the Bank Secrecy Act program.
Requirements

• Maintains a proficient 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 the board, management, and other bank personnel.
• Coordinates regulatory examinations and external audit preparation as they relate to BSA, USA PATRIOT Act, OFAC, and related issues.
• Conducts the analysis of transactions to determine if they are suspicious in nature and ensures appropriate action and proper documentation are maintained.
• Provides branch and customer support on day-to-day issues related to BSA.
• Ensures that proper training is being received by personnel as it applies to individual department BSA responsibilities.
• Oversees the process of Currency Transaction Reports to ensure proper filing.
• Conducts investigations for potential suspicious activity and files Suspicious Activity Report requirements.
• Monitors and tracks higher-than-low risk rated customers and accounts.
• Ensures all documentation of the program is accurate including policies, procedures, and processes related to BSA, USA PATRIOT Act, OFAC, and related items.