Vacancy expired!
Job Description
Credit Union is seeking a Bank Secrecy Act (BSA) Officer who is responsible for coordinating the development, implementation, and administration of all aspects of the corporate-wide Bank Secrecy Act (BSA) Compliance Program. This position monitors compliance with state and federal Bank Secrecy Act (BSA), USA PATRIOT Act, Anti-Money Laundering (AML), and OFAC laws and regulations. Responsibilities:- Overseeing all aspects of the corporate-wide Bank Secrecy Act (BSA), Anti-Money Laundering (AML) programs
- Coordinating and assisting in the administration of independent, state and federal regulator and auditor examinations and reviews
- Coordinating responses to regulatory BSA-AML examinations and audits and actions taken to insure deficiencies are corrected
- Maintains proficient knowledge of the rules and regulations, including but not limited to, the Bank Secrecy Act (BSA) , USA Patriot Act, and OFAC
- Works with business units to investigate transactions that are suspicious in nature.
- Submits Suspicious Activity Reports for BSA-AML-related activities
- Monitors and track BSA-AML high-risk customers and accounts
- Manages exempt person filings for CTR purposes
- Understands government regulations with particular emphasis on the Bank Secrecy Act and related regulations
- Address regulatory changes that impact the business units
- Assist business units in implementing processes necessary to comply with regulations
- Performs regulatory research in response to business unit compliance inquiries, projects, and changes while communicating
- Performs analysis of BSA related data to draw conclusions about the level of compliance throughout the enterprise.
- Performs routine monitoring to determine the extent of compliance with regulations, laws, policies and procedures. Communicates the results of monitoring to department managers and senior management, follows-up to ensure issues are addressed, escalates issues
- Assists Business Units in performing Risk Assessments
- Performs periodic BSA/AML/OFAC Risk Assessments as defined by internal policy
- Reviews, and makes recommendations on, company-wide BSA/AML Training as well as specific Line of Business training. Prepares annual Board of Directors training.
- Develop and maintain BSA related policies and procedures
- Address regulatory changes that impact the business units
- Assist business units in implementing processes necessary to comply with regulations.
- Performs regulatory research in response to business unit compliance inquiries, projects, and changes while communicating
- Performs analysis of BSA related data to draw conclusions about the level of compliance throughout the enterprise
- Performs routine monitoring to determine the extent of compliance with regulations, laws, policies and procedures. Communicates the results of monitoring to department managers and senior management, follows-up to ensure issues are addressed, escalates issues
- Creates and maintains reporting metrics to track volumes
Qualifications
- Bachelor’s degree and 3-5 years’ experience in Bank Secrecy Act / Anti-Money Laundering and OFAC regulations.
- Certification or the ability to become certified in BSA / AML is required.
- Experience using Verafin software strongly preferred.
- Willingness to attend training (possibly outside of Dallas / Ft. Worth area) and online webinars to learn and enhance BSA / AML knowledge and skills.
Additional Information
COMPENSATION: $80-100K annually +7.5-10% bonus potential- Medical/Dental/Vision
- Salary Continuation – up to 90 days for coverage (employer paid and accrued time-off)
- Long-term Disability – 90 days or greater for coverage (vendor paid)
- Educational Assistance Program – eligible after one year of employment
- Paid vacation
- Sick leave (accrue one day per month up to a maximum on 90 days)
- 10 Holidays off each year
Vacancy expired!