BSA Operations Manager

Position Title:

BSA Operations Manager

FLSA Status:

Non-Exempt, Full Time

Reports to:

Director of Account Services, BSA Officer

Summary of the Job: Be responsible for overseeing the day-to-day operation of the BSA Department and making sure the Specialist adhere to applicable Bank Secrecy Act/Anti-Money Laundering (BSA/AML) laws and regulations. The BSA Operations Manager will assist the BSA Officer with compliance monitoring reviews and other special projects to measure and understand the state of regulatory compliance for the organization. Ensure that such compliance is handled in accordance with overall bank business objectives, goals and regulatory requirements.

Essential Functions:

• Responsible for ensuring all required regulatory reporting is conducted in a timely, accurate, and compliant manner, including the filing of CTRs and SARs to FinCEN.
• Conduct 314(a) searches
• Conduct appropriate SAR investigation, review and reporting that promotes consistent decisions; adequate investigation and research; and complete and detailed documentation.
• Analyze BSA Alerts in Verafin
• Analyze cases of suspicious activity received through Verafin.
• Assist employees with reported suspicious activity to ensure the bank's BSA/AML policies and procedures are followed.
• Conduct 90-day investigations of recurring suspicious activity.
• Assist with Elder Financial Exploitation cases.
• Assist Fraud Team with investigations that may require a SAR Filing
• Analyze the Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) alerts for suspicious activity
• Maintain ongoing EDD/CDD assessments, and review and analysis of unusual/suspicious account activity
• Analyze the Customer Risk and Behavior alerts for suspicious activity
• Analyze daily OFAC Alerts in the Verafin monitoring system
• Conduct annual CTR Exemptions reviews for compliance
• Complete Annual Risk Assessment
• Conduct quality assurance reviews of the team to ensure compliance requirements are being following
• Stay abreast of and analyze developing industry and compliance trends, scams or schemes, and changes to laws and regulations pertaining to BSA/AML and the USA Patriot Act
• Assist BSA Officer during Safety and Soundness BSA Examination Preparation and Examiner on site visits.
• Assist and advise the BSA Officer of emerging risks, new or amended laws, regulations, or agency guidance and assist with recommended changes and controls to mitigate those risks.
• Assist the BSA Officer with various projects, procedures, and policies in relation to the Bank Secrecy Act, as requested.
• Assist BSA Officer with KPI and KRI Reporting
• Assist BSA Officer with ongoing model tuning and validations

Additional Functions:

• Perform routine duties with minimal supervision using standard practices or procedures in order to proceed alone at routine work; occasional work progress checked; work reviewed upon completion.
• Perform other duties as assigned.

Required Education/Experience:

• High School Diploma or equivalent required.
• CAMS or Certification in BSA / AML preferred.
• Minimum 10 years of experience in Bank Secrecy Act / Anti-Money Laundering regulations required.
• Experience using Verafin software required.
• Extensive knowledge of BSA/AML regulations, CIP, Customer Due Diligence and Enhanced Due Diligence requirements, FinCEN guidance, and FDIC and other regulatory guidance related to BSA/AML/OFAC and financial crime.
• Effective organizational and time management skills.
• Knowledge of spreadsheet software and ability to use word processing software.
• Ability to maintain confidential information with discretion.

Necessary Skills:

• Ability to read and comprehend simple instructions, short correspondence, and memos.
• Ability to write simple correspondence.
• Ability to effectively present information in one-on-one and small group situations to customers, clients, and other employees of the organization.
• Ability to add, subtract multiply and divide in all units of measure, using whole numbers, common fractions, and decimals.
• Ability to compute rate, ratio, and percent and to draw and interpret bar graphs.
• Ability to apply common sense understanding to carry out instructions furnished in written, oral or diagram form.
• Ability to deal with problems involving several concrete variables in standardized situations.
• Basic personal computer skills including electronic mail, word processing, spreadsheet, graphics, etc.
• Handle multiple tasks simultaneously.

Physical Activity/Dexterity:

• Manual dexterity sufficient to reach/handle items and work with fingers. Works with fingers and perceives attributes of objects and materials.

Physical Environment Demands:

• Must be able to remain in a stationary position 90% of the time.
• The person in this position needs to occasionally move about inside the office to visit other offices, conference rooms, office machinery, etc.
• Constantly operates a computer and other office productivity machinery, such as a calculator, copy machine, and telephone.
• Constantly positions self to operate on a computer.
• The person in this position frequently communicates with other people throughout each day. Must be able to exchange accurate information when conversing.

Working Conditions/Environment:

• Well-lighted, heated and/or air-conditioned indoor office setting with adequate ventilation.
• Moderate noise (e.g. business office with computers and printers, light traffic).

Work Schedule/Hours:

• Monday through Friday; 8:00 a.m. – 5:00 p.m.
• Available for overtime as needed.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)