BSA Officer

Job Description

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.

Requirements :

Benefits May Include the Following :

https : / / www.bankwithbos.com / careers /

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.