BSA Officer

Description

  Visit www.somersetregalbank.com to learn more about Somerset Regal Bank.

• Maintain responsibility for the Bank's BSA/AML/OFAC Compliance Program.
• Maintain extensive knowledge of existing and evolving BSA/AML/OFAC regulations, incorporating necessary changes into the Bank's BSA/AML/OFAC program to address both current and future requirements. 
• Supervise BSA department staff ensuring that assigned responsibilities are completed properly and within established time frames.
• Review and investigate customer and account activity identified through BSA monitoring software, system reports and staff referrals for the identification of suspicious activity.
• Complete suspicious activity investigations and, when required, prepare and file initial and follow-up SARs in a timely manner.
• Ensure that currency transaction reports are completed accurately and filed within required time periods.
• Monitor compliance with established CIP, EDD and CDD procedures 
• Ensure that periodic reviews are prepared on high risk customers to identify any unusual or suspicious activity.
• Complete 314a information requests and, if necessary, complete follow-up reporting with FinCen.
• Monitor compliance with established OFAC policies and procedures 
• Ensure any OFAC matches are handled in accordance with OFAC regulations.
• Prepare and present monthly BSA Status report to board of directors.
• Act as intermediary between the Bank and the Judicial System. 

Requirements

Core schedule: on-site Mondays - Friday 8:30 am - 4:30 pm

• Qualified candidates must have at least five years of experience working in the Bank Secrecy Act and Anti Money Laundering compliance function/department in a bank, with a minimum of 2 years' experience as a BSA Officer. 
• Must have strong working knowledge of US banking regulations. 
• CAMS certification is required. 
• College degree with a focus in a business or finance related area is preferred. 
• Experience with Fiserv Cleartouch and Verafin Software is a plus.  

PRE-EMPLOYMENT SCREENING:

Credit check, Criminal check, Reference check

SOMERSET REGAL BANK RETAINS THE RIGHT TO CHANGE OR MODIFY JOB DUTIES AT ANY TIME.THE ABOVE JOB DESCRIPTION IS NOT ALL ENCOMPASSING NOR IS IT TO BE CONSIDERED A CONTRACT OF EMPLOYMENT.

Somerset Regal Bank is an Equal Opportunity Employer.  All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.