Senior BSA Due Diligence Officer

Vast Bank is looking to hire a Senior BSA Due Diligence Officer!!

About Vast Bank

Since February of 1982, we've been a financial institution that has served customers in Northeast Oklahoma and beyond. Our deep roots in the community and commitment to personal service have enabled us to grow alongside our customers, creating conveniences and solutions to fit unique problems and lifestyles. For over 40 years, we've built a legacy on personal service, flexibility, strength, and integrity. Now, with bold leadership and a renewed commitment to customer-centricity, we're aiming higher for the next 40 years. New ideas, strong partnerships, and modern technology will accompany a winning culture to deliver more control and a surprisingly easy banking experience.

We're a company that believes in taking care of the people who make working here possible. In addition to competitive compensation, we offer a leading employee benefit package:

• Comprehensive benefits package & 401(k) match

• Professional development- opportunities for advancement!

• Tuition assistance

• Transit reimbursement

• Paid time off

• & more!

Summary of RoleThe Senior BSA Due Diligence Officer is responsible for the oversight and execution of the Bank’s Customer Due Diligence (CDD), Customer Risk Rating (CRR), and Enhanced Due Diligence (EDD) programs for high-risk customer segments. This role manages ongoing due diligence processes, ensures regulatory compliance with BSA/AML and OFAC requirements, and provides subject-matter expertise in evaluating customer risk across complex business models and emerging financial crime trends. The Senior Officer works closely with BSA/AML, Fraud, Compliance, Onboarding, and business-line teams to maintain robust controls, strengthen risk rating methodologies, and ensure proper monitoring of high-risk relationships.

Major Duties and ResponsibilitiesCDD / EDD Program Oversight

• Lead the Bank’s CDD and EDD processes across onboarding, periodic reviews, and event-driven reviews for high-risk customers.

• Oversee high-risk customer segments, which may include:
  MSBs, MTLs, NBFIs, crypto-related businesses, ATMs/ISOs, PEPs, cash-intensive businesses, foreign-based clients, third-party fintech customers, or other elevated-risk categories.

• Ensure collection, verification, and documentation of required onboarding and periodic review information, including beneficial ownership, source of funds, expected activity, licensing, operational controls, and adverse media.

• Review and validate customer files for completeness, accuracy, and regulatory compliance.

• Conduct deeper forensic-level reviews for customers with complex ownership structures, layered transactions, or unusual operational risk indicators.

Customer Risk Rating (CRR) Management

• Maintain and enhance the Bank’s customer risk rating model, including rule logic, weighting, and scoring methodology.

• Perform risk reassessments and trend analysis for customers exhibiting activity or profile changes.

• Provide expert recommendations on onboarding decisions, risk acceptance, mitigating controls, or account restrictions/closures.

• Partner with AML monitoring teams to ensure risk ratings correlate with transaction monitoring scenarios and alert thresholds.

High-Risk Portfolio Oversight

• Manage the Bank’s full population of high-risk customers, ensuring periodic reviews are completed within regulatory and internal timeframes.

• Identify customers requiring escalation to SAR, EDD update, account closure review, or further investigation.

• Track and report changes in risk typologies, customer behavior, or product usage that may indicate emerging risk.

• Maintain centralized documentation, audit trails, and reporting for the high-risk portfolio.

Quality Assurance, Audit, & Regulatory Support

• Develop and maintain CDD/EDD procedures, risk-rating standards, checklists, templates, and job aids.

• Prepare materials for internal audit, independent testing, regulatory examinations, and senior management reporting.

• Support remediation of audit or exam findings and ensure sustainable process enhancements.

Cross-Functional Collaboration

• Partner with Risk, Compliance, BSA Investigations, Fraud, Operations, and business lines to align due diligence requirements with onboarding and servicing processes.

• Provide guidance on high-risk customer onboarding scenarios and assist in risk-acceptance decisioning.

• Work closely with the transaction monitoring team to escalate concerns identified during due diligence.

• Consult on product, service, or fintech partner risk assessments requiring specialized due diligence input.

Data & System Governance

• Ensure the accuracy and integrity of customer risk rating data within core systems and AML platforms.

• Participate in UAT for system enhancements, rule changes, new CDD/EDD workflows, and third-party integrations.

• Support transaction monitoring and system vendors by validating customer attributes, classification logic, and risk inputs.

• Must comply with applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control

Knowledge & Skills

12 years of progressive experience in BSA/AML compliance within a financial institution, with significant experience managing high-risk customer due diligence.

Education/Certifications/Licenses

Bachelor’s degree in business, finance, accounting, criminal justice, or a related field; advanced degree preferred.

In-depth knowledge of BSA/AML, USA PATRIOT Act, OFAC, and related regulatory frameworks.

CAMS (Certified Anti-Money Laundering Specialist) or similar professional certification strongly preferred.

Interpersonal Skills

A significant level of trust and diplomacy is required to be an effective subject matter expert in the position. In-depth dialogues, conversations and explanations with customers, direct and indirect reports and outside vendors of a sensitive and/or highly confidential nature is a normal part of the day-to-day experience. Communications can involve motivating, influencing, educating and/or advising others on matters of significance.

Role Important Behavioral Skills

• Strong communication skills to develop good working relationships and to promote cooperation and compromise among various departments.

• Display the ability to research and comprehend a high level of knowledge in current and developing regulations.

• Ability to develop and maintain effective working relationship at all levels by proactively participating and contributing to a positive work environment, controlling emotions and temperament, and exhibiting courteous, respectful, and professional behavior.

• Ability to quickly adapt to changing environments, processes, and technologies. Technological ability and willingness to work remotely from home as required.

• Strong organizational skills.

• Ability to maintain composure under pressure or adverse circumstances, using effective strategies for managing personal stress.

• Ability to maintain personal and work direction when faced with ambiguity

ADA Requirements

Physical Requirements

Is able to bend, sit, and stand in order to perform primarily sedentary work with limited physical exertion and occasional lifting of up to 10 lbs. Must be capable of climbing / descending stairs in an emergency situation. Must be able to operate routine office equipment including computer terminals and keyboards, telephones, copiers, facsimiles, and calculators. Must be able to routinely perform work on a computer for an average of 6-8 hours per day, when necessary. Must be able to work extended hours or travel off site whenever required or requested by management. Must be capable of regular, reliable, and timely attendance.

Working Conditions

Must be able to routinely perform work indoors in climate-controlled shared work area with minimal noise.

Mental and/or Emotional Requirements

Must be able to perform job functions independently or with limited supervision and work effectively either on own or as part of a team. Must be able to read and carry out various written instructions and follow oral instructions. Must be able to complete basic mathematical calculations, spell accurately, and understand computer basics. Must be able to speak clearly and deliver information in a logical and understandable sequence. Must be capable of dealing calmly and professionally with numerous different personalities from diverse cultures at various levels within and outside of the organization and demonstrate highest levels of customer service and discretion when dealing with the public. Must be able to perform responsibilities with composure under the stress of deadlines / requirements for extreme accuracy and quality and/or fast pace.  Must be able to effectively handle multiple, simultaneous, and changing priorities. Must be capable of exercising the highest level of discretion on both internal and external confidential matters.

EEO Statement
It is the policy of Vast Bank to afford equal opportunity in all phases of employment without regard to an individual’s race, color, creed, religion, gender, national origin, age, disability, marital status, ancestry, sexual orientation, unfavorable military discharge for qualified individuals with disabilities, and for qualified disabled veterans and veterans of the Vietnam era, to the extent required by applicable local, state and federal law.