Operations & BSA Officer

About the Role

First Community Bank is seeking a detail‑oriented Operations & BSA Officer to lead and oversee the Bank Secrecy Act (BSA), Anti‑Money Laundering (AML), Countering the Financing of Terrorism (CFT), OFAC compliance program, while also supporting key operational, IT, and reporting functions for the bank. This hybrid role ensures regulatory compliance, operational accuracy, and organizational efficiency. The Operations & BSA Officer reports monthly to the Board and serves as a primary contact for regulators, auditors, and internal stakeholders.

Key Responsibilities

BSA/AML/CFT & OFAC Program Management

• Develop, implement, and maintain the Bank’s BSA/AML/CFT and OFAC compliance program.
• Monitor customer and bank account activity for suspicious patterns, CTR requirements, and AML/BSA compliance.
• Review and maintain CTR exemptions and complete required annual filings.
• Conduct research and file SARs and continuing SARs in a timely manner.
• Maintain and monitor OFAC sanctions and internal watch lists.
• Review 3000 logs and ensure accuracy of reporting.
• Ensure timely and accurate completion of 314(a) reporting.

Operations Responsibilities

Account Reconciliation

• Review FHLB Correspondent account monthly.
• Review MPF monthly balancing.
• Oversee dormant account procedures.
• Annually audit reconciliations of all internal accounts.
• Ensure all accrued and prepaid accounts are balanced.
• Balance and file Federal and State withholding on IRA distributions.

Operational Activities

• Coordinate and develop new products/services on the FIS system as needed.
• Resolve daily operational issues.
• Oversee accounts payable.
• Serve as backup for bookkeeping positions.
• Set up new users on network and FIS systems; remove users when necessary.
• Monitor employee system entitlements and adjust as needed.

Year-End Tasks

• Ensure all government reporting is completed and amendments processed after year‑end.
• Process State and Federal tax reporting requirements.
• Process 1099‑NECs for board members and vendors.

Reporting & Risk Management

• Prepare and present monthly BSA reports to the Board.
• Monitor medium‑ and high‑risk customers (MSBs, PEPs, NRAs).
• Conduct periodic enterprise‑wide risk assessments across products, services, customers, and delivery channels.
• Complete annual risk assessments for all products and vendors.
• Identify emerging risks and recommend mitigation strategies.

Information Technology & Vendor Management

• Manage third‑party vendor relationships and documentation.
• Participate in IT Committee meetings and training sessions.
• Work with the bank’s IT consultant to maintain network systems.
• Collaborate with IT auditors; report findings and responses to the Board.
• Perform annual vendor audit and present results to the Board.

Training & Compliance Leadership

• Coordinate internal and external BSA/AML/CFT audits and regulatory exams.
• Respond to audit findings and implement corrective action plans.
• Provide annual and periodic staff training, including board‑level BSA training.
• Create educational materials for consumer and business customers.

Backup Responsibilities

Performed only as needed:

• Backup duties for operations roles and new accounts.
• Balance vault cash when needed.
• Follow established opening/closing procedures.
• Assist in completion of monthly watch list.
• Send and receive customer wire transfers.

Committee Participation & Additional Duties

• Serve on the Compliance Committee and IT Committee.
• Attend seminars, classes, and training; report on regulatory or efficiency‑enhancing updates.
• Assist CFO with projects as assigned.
• Complete additional projects as needed.

Qualifications

Education & Experience

• Bachelor’s degree preferred; OR
• Three years of related banking, compliance, or BSA/AML experience; OR
• Equivalent combination of education and experience.

Skills & Competencies

• Strong knowledge of BSA, AML, CFT, OFAC, and the USA PATRIOT Act.
• Excellent analytical, investigative, and problem‑solving abilities.
• Strong written and verbal communication skills.
• High attention to detail and sound judgment.
• Ability to manage multiple priorities and meet strict deadlines.

Why Join First Community Bank?

You’ll be part of a growing community‑focused institution where your expertise directly contributes to regulatory excellence, operational soundness, and customer trust. We value teamwork, integrity, strong interpersonal skills and a commitment to compliance and operational accuracy.

Job Type: Full-time

Pay: $60,000.00 - $85,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Employee discount
• Flexible spending account
• Health insurance
• Life insurance
• Paid time off
• Retirement plan

Education:

• Associate (Required)

Work Location: In person

Salary : $60,000 - $85,000