Bsa Officer

Trustar Bank is a community bank conceived to meet the banking needs of businesses and individuals in the greater metropolitan Washington DC area. The Organizers of the Bank are experienced bankers, bank investors, and business professionals in the Bank's target market area.
We are so proud to have just celebrated our 4th Anniversary and we are continuing to grow. Winners of the Washington Business Journals Best Places to Work three (3) years in a row, we want you to join this exciting, hard working team!
"At Trustar, our mission is to be your partner for financial success, to provide a sound investment for our shareholders, and to support our local community."
"Our unique approach to financial services and our 'can do' attitude sets us apart from our competition. At Trustar, our philosophy is to provide customized banking solutions and top-notch service that truly addresses your individual needs."
A viable market, sufficient capital, engaged leadership, and strong management are critical success factors for any financial institution. Service differentiates one bank from another. As a community bank, Trustar Bank's strategy is to be a personalized alternative to larger, super-regional financial institutions that increasingly dominate the Bank's primary market. Our mission statement emphasizes personal service, responsiveness, and a willingness to tailor products and services to meet the needs of our customers.
Trustar Bank is currently seeking an experienced BSA Officer that will primarily be responsible for developing, implementing and administering all aspects of the Bank Secrecy Act Compliance Program for the Bank by performing various quality control reviews and monitoring in the areas of Bank Secrecy Act (BSA), USA Patriot Act, Anti-Money Laundering (AML), Office of Foreign Assets Control (OFAC), and Customer Identification Program (CIP). The BSA Officer will follow all established policies and procedures of the bank. In addition, the individual will assist with bank compliance matters.
Summary of Job Duties:
Implement the BSA/AML monitoring system and all that it entails, including but not limited to the following list of duties:
o Reviews and/or assigns the daily monitoring reports relating to BSA/AML.
o Reviews, approves and/or files Cash Transaction Reports.
o Manages BSA review of Wire Transfer Log.
o Periodically reviews Right to Financial Privacy Act Log for BSA suspicious activity.
o Review Monetary Instruments and maintains record Log.
o Performs 314(a) reviews and files regulatory reports as applicable.
o Implements the OFAC Program.
o Reviews OFAC transaction potential hits and potential exceptions, files regulatory reports as applicable.
o Reviews and approves CIP Exceptions as applicable and works with EVP of Retail Banking to manage the CIP process.
o Reviews cash secured loans secured by deposit accounts.
o Creates, investigates, manages, and reviews cases of potential suspicious activity.
o Creates, investigates, manages, and reviews alerts generated through the Bank's AML monitoring software, Yellow Hammer Fraud Detective.
o Reviews, approves, and files suspicious activity reports.
o Identifies high risk customers through manual review and the Bank's automated software, Yellow Hammer BSA and reviews activities as applicable.
o Perform or assign the enhanced due diligence of high-risk customers.
o Manages ongoing 90-day suspicious activity reviews.
o Manages ongoing High-Risk Customer reviews.
o Performs New Hire BSA Training.
o Performs ongoing employee BSA Training for staff, as required.
o Provides a report on the status of the BSA Program monthly to the Board of Directors.
o Ensures that the annual Board of Director training is conducted.
o Reviews and updates the Bank's BSA/AML Policies and Procedures annually, or as needed.
o Performs the Bank's BSA/AML Risk Assessments Annually, or as needed.
o Works with internal auditors and examiners during BSA audits and examinations.
o Works with Bank staff to ensure that BSA procedures are implemented properly and consistently,
bank wide.
o Assists Compliance Officer with duties as assigned.
o Candidate will assist with other duties as assigned.
Requirements include:
• Bachelor's BS or BA Degree or Higher - Preferred
• 10+ years' experience in current market area in BSA
• Preferred Yellow Hammer automated software experience
• Must be proficient in MS Word and Excel
• Must have experience with Teams and Zoom
• Preferred experience in Regulatory Compliance for Financial Institutions
Skills/Knowledge:
A high level of interpersonal and verbal skills to represent the Bank in a positive manner in dealing with clients and employees. Working knowledge of and experience with Microsoft Office applications. Ability to function as an effective team member. Ability to communicate clearly over the telephone and in person.
Trustar Bank has grown rapidly since it's start in 2019. With an all-star team and fast-paced environment, this is an exciting opportunity to join and help build the Compliance Team. We also provide an outstanding benefits package to include a NO Deductible health care plan, a strong 401(k) with discretionary company match, LifeLock premier for all employees, and a generous PTO plan. We are an equal opportunity employer. Please note this is an in office position and a professional environment.