Bank Secrecy Act (BSA) Officer

Our client, a growing regional bank, is seeking a Bank Secrecy Act (BSA) Officer to oversee and administer the Bank's BSA/AML/OFAC compliance program. This individual will be responsible for ensuring compliance with all applicable federal and state regulations related to anti-money laundering (AML), suspicious activity monitoring, customer due diligence, and sanctions screening. The ideal candidate will have strong knowledge of regulatory requirements, exceptional analytical skills, and experience working within a financial institution.

Responsibilities

• Administer and maintain the Bank's Bank Secrecy Act (BSA), Anti-Money Laundering (AML), and Office of Foreign Assets Control (OFAC) compliance programs.
• Monitor transactions and investigate potentially suspicious activity, escalating concerns as appropriate.
• Review and determine the need for Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs), ensuring timely and accurate regulatory filings.
• Conduct customer due diligence (CDD), enhanced due diligence (EDD), and ongoing customer risk assessments.
• Perform sanctions screening and monitor compliance with OFAC regulations.
• Stay current on changes to BSA/AML regulations, FinCEN guidance, and other regulatory requirements, recommending updates to policies and procedures as needed.
• Develop, maintain, and update BSA/AML policies, procedures, and internal controls.
• Partner with business units to ensure adherence to regulatory requirements and identify potential compliance risks.
• Assist with internal audits, regulatory examinations, and independent BSA audits by providing documentation and responding to requests.
• Prepare reports and metrics for executive management and the Board regarding BSA/AML compliance activities.
• Deliver BSA/AML training and guidance to employees across the organization.
• Support ongoing monitoring, risk assessments, and remediation efforts to strengthen the Bank's compliance program.

Qualifications

• Bachelor's degree in Finance, Accounting, Criminal Justice, Business Administration, or a related field.
• 5 years of BSA/AML compliance experience within a bank, credit union, or financial institution.
• Strong knowledge of the Bank Secrecy Act, USA PATRIOT Act, AML regulations, OFAC requirements, FinCEN guidance, and related regulatory expectations.
• Experience preparing and filing SARs and CTRs.
• Familiarity with Customer Identification Program (CIP), Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), and Know Your Customer (KYC) requirements.
• Experience using AML transaction monitoring systems and case management platforms.
• CAMS (Certified Anti-Money Laundering Specialist) certification preferred.
• Strong analytical, investigative, and problem-solving skills.
• Excellent written and verbal communication skills.
• Ability to work independently while collaborating effectively with cross-functional teams.

Preferred Qualifications

• CAMS, CFCS, or other relevant compliance certifications.
• Experience supporting regulatory examinations and external audits.
• Knowledge of fraud detection, financial crimes investigations, and enterprise risk management.
• Experience with AML software such as Verafin, NICE Actimize, Fiserv, Oracle Mantas, or similar platforms.