The BSA Officer uses oversight systems, interdiction software, and audit processes to perform daily transaction monitoring and identify suspicious activity patterns. Supervises daily operations to identify and respond to suspicious activity violating current anti-money laundering (AML) regulations as defined in the US Bank Secrecy Act (BSA) or other governmental anti-terrorist financing programs. Being a BSA Officer leads investigations of suspicious activity to pursue corrective actions and ensure completion of required filings. Monitors activity and ensures adherence to Know your Customer (K ...YC) protocols and regulatory requirements for required filings and reporting. In addition, BSA Officer maintains extensive knowledge of financial regulations, risk management best practices, and changing fraudulent trends to develop and implement appropriate compliance procedures. Delivers compliance training with up-to-date regulatory information and procedures to develop and guide well-informed staff. Typically requires a bachelor's degree. May have the Certified Anti Money Laundering Specialist (CAMS) certification. Typically reports to a director. The BSA Officer supervises a group of primarily para-professional level staffs. May also be a level above a supervisor within high volume administrative/ production environments. Makes day-to-day decisions within or for a group/small department. Has some authority for personnel actions. Working as a BSA Officer typically requires 3-5 years experience in the related area as an individual contributor. Thorough knowledge of functional area and department processes.More Show Less
The Assistant BSA Officer supports the EVP, Compliance and Risk Management in administering compliance with the Bank Secrecy Act(BSA) and Anti-Money Laundering requirements, including the following tasks and responsibilities. Conduct customer due diligence and customer risk assessment. Conduct enhanced due diligence reviews for customers identified as higher risk. Monitor customer transactions utilizing automated systems and reports for potential...
The Assistant BSA Officer supports the EVP, Compliance and Risk Management in administering compliance with the Bank Secrecy Act(BSA) and Anti-Money Laundering requirements, including the following tasks and responsibilities. Conduct customer due diligence and customer risk assessment. Conduct enhanced due diligence reviews for customers identified as higher risk. Monitor customer transactions utilizing automated systems and reports for potential...
The Assistant BSA Officer supports the EVP, Compliance and Risk Management in administering compliance with the Bank Secrecy Act(BSA) and Anti-Money Laundering requirements, including the following tasks and responsibilities. Conduct customer due diligence and customer risk assessment. Monitor customer transactions utilizing automated systems and reports for potentially suspicious activity. File Suspicious Activity Reports (SARs) in accordance wi...
Position. BSA Officer. . BMTX Overview. BM Technologies, Inc. (NYSE American: BMTX) - formerly known as BankMobile - is among the largest Banking-as-a-Service (BaaS) providers in the country, providing access to checking and savings accounts, personal loans, credit cards, and financial wellness. It is focused on technology, innovation, easy-to-use products, and education with the mission to financially empower millions of Americans by providing a...
Position. BSA Officer. . BMTX Overview. BM Technologies, Inc. (NYSE American: BMTX) - formerly known as BankMobile - is among the largest Banking-as-a-Service (BaaS) providers in the country, providing access to checking and savings accounts, personal loans, credit cards, and financial wellness. It is focused on technology, innovation, easy-to-use products, and education with the mission to financially empower millions of Americans by providing a...
The Assistant BSA Officer supports the EVP, Compliance and Risk Management in administering compliance with the Bank Secrecy Act(BSA) and Anti-Money Laundering requirements, including the following tasks and responsibilities. Conduct customer due diligence and customer risk assessment. Conduct enhanced due diligence reviews for customers identified as higher risk. Monitor customer transactions utilizing automated systems and reports for potential...
Conduct customer due diligence and customer risk assessment. Conduct enhanced due diligence reviews for customers identified as higher risk. Monitor customer transactions utilizing automated systems and reports for potentially suspicious activity. File Suspicious Activity Reports (SARs) in accordance with the BSA. Assist in performing BSA / AML / OFAC risk assessments. Maintain BSA / AML / OFAC policy and procedures. Prepare Board reports on SAR ...
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 properl...
POSITION OVERVIEW. The BSA Officer is responsible for managing all aspects of the Bank’s day-to-day BSA/AML/OFAC compliance program and must be fully knowledgeable of the BSA and all related regulations. The BSA Officer must understand the Bank’s products, services, customers, entities, and geographic locations, and the potential money laundering and terrorist financing risks associated with those activities. It is the expectation that the incumb...
Job Summary. The BSA Compliance Officer is responsible for enhancing, maintaining and administrating all aspects of the Bank’s Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) program. This position plans, organizes and controls the Banks day to day BSA/AML activities, and collaborates with the SVP Compliance Officer in the overall administration of these directives for the Bank. This position also participates in various committees, audits and...
Job Summary. The BSA Compliance Officer is responsible for enhancing, maintaining and administrating all aspects of the Bank’s Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) program. This position plans, organizes and controls the Banks day to day BSA/AML activities, and collaborates with the SVP Compliance Officer in the overall administration of these directives for the Bank. This position also participates in various committees, audits and...
Job Summary. The BSA Compliance Officer is responsible for enhancing, maintaining and administrating all aspects of the Bank’s Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) program. This position plans, organizes and controls the Banks day to day BSA/AML activities, and collaborates with the SVP Compliance Officer in the overall administration of these directives for the Bank. This position also participates in various committees, audits and...