Job Description
BSA Officer
Key Job Duties:
• Oversee all aspects of the corporate-wide Bank Secrecy Act (BSA)/Anti-Money Laundering (AML)Programs.
• Review laws and regulations that impact the bank compliance requirements, with emphasis on Bank Secrecy ACT (BSA/AML), US Patriot Act and OFAC.
• Oversee the monitoring of customer transactions to help support BSA/AML, filing of all SAR/CTRs in accordance with BSA.
• Review system reports daily to support BSA/AML/OFAC compliance.
• Prepare board reports.
• Manage CTR reporting and CTR exemption processes.
• Utilize systems/resources to monitor and help reduce customer and internal fraud.
• Ensure all BSA staff and the Board of Directors are adequately trained in the Bank Secrecy Act.
• Disseminate information, answer questions, and be a subject matter expert for the bank onBSA/AML/OFAC-related issues.
• Ensure implementation of record retention policies and procedures in accordance with BSA/AML/OFAC regulations and laws.
• Oversee regulatory examinations and audits, including gathering and reviewing all requested information and developing and coordinating responses to such reviews as necessary.
• Responsible for keeping relevant policies, programs, and procedures current.
• Administer the Customer Identification Policy and Procedures.
• Oversee enhanced due diligence reviews for customers identified as higher risk.
• Perform comprehensive risk assessments and policy analysis to determine BSA/AML and other risk exposures, collaborate with team members to develop mitigating controls and monitoring strategies.
• Respond to 314(a) requests.
• Implement automated BSA/AML software and maintain ongoing development and maintenance of the software. Review effectiveness of automated system reports and recommend changes or modifications.
• Serve as a member of the bank’s Compliance Committee and will be expected to
stay up to date on regulatory BSA/AML changes informing the Compliance Committee and
other affected staff as needed about any relevant changes needed in bank policies or procedures.
• Serve as a member of the SAR Committee and will be expected to assist in leading monthly SAR meetings.
• Ensure proper training of employees in BSA/AML regulatory compliance.
• Study BSA/AML regulatory compliance issues and stay current on job-related compliance issues.
• Attend on-going training to gain and maintain knowledge of regulatory compliance issues.
• Complete assigned training courses in a timely manner.
• Undertake special projects as assigned by supervisor.
• Help Supervise or oversee BSA department when department Manager is unavailable
Benefits May Include the Following:
Salary Range:
The salary range for this position is $48,000.00 - $65,000.00, depending on experience and qualifications. In addition to the base salary, compensation may include bonuses, benefits, and other incentives.
...countries and maintains a worldwide network of distributors and sales offices serving customers in over 160 countries. Location:... .... Daily work activity is directed by the Group Leader and a Construction Electrician A. Reports directly to the department Manager....
...applications to be considered for Part-Time Faculty assignments in Biology. Biology courses are taught at all 4 main PCC campuses. The... ...be considered. Instructor Qualifications ~ Master's degree in Biology OR ~ Master's degree in related area AND...
...total car care at more than 465 franchised tire and automotive service centers under Big O Tires. TBC is headquartered in Palm... ...to talk to you! We are hiring newly experienced and seasoned delivery drivers. Our Service and Delivery Drivers are responsible for delivering...
...: 179136 Order Type : Ongoing Order EXPERIENCE REQUIRED This position involves operating a sit-down forklift to move materials within the warehouse. Responsibilities/Requirements Forklift experience required A forklift test must be passed...
...week | 26-week contract Location: Redgranite Dental Clinic Reason for Need: Vacancy coverage Perm Option: Not available (Locum only) Requirements Active WI Dental License (DMD/DDS) DEA License BLS Certification Correctional or outpatient experience...