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Job

BSA Officer

  • Location

    Remote

  • Sector:

    Financial Services and Banking

  • Job type:

    Permanent

  • Salary:

    Competitive

  • Contact:

    Edward Maglalang

  • Contact email:

    e.maglalang@hamlynwilliams.com

  • Salary high:

    0

  • Salary low:

    0

  • Published:

    24 days ago

  • Expiry date:

    2022-06-27

  • Startdate:

    ASAP

A commmercial banking client of ours is looking to add a BSA Officer to their team. This postion will have 18+ direct reports under them. This position is fully remote 

Responsibilities

  • Manages customer risk-rating processes, including initial and on-going assessments and reviews, to appropriately reflect the Bank’s business lines and strategies. Manages the BSA team to ensure proper documentation is maintained through narratives and supporting documentation on high-risk customer classifications and ongoing activity related to enhanced due diligence, and when necessary, Suspicious Activity Reporting (SAR).

  • Oversees and participates in BSA/AML/OFAC monitoring program including preparing SAR and CTR filings with appropriate government agencies when applicable, as well as any blocked property reporting.

  • Provides ongoing training for all applicable associates on day-to-day BSA/AML/OFAC compliance responsibilities.

  • Performs the regular Bank-wide BSA/AML/OFAC risk assessment (at least annually and following any substantial change to the customer or product base (e.g., M&A activity)).

  • Works with internal auditors, consultants, and regulatory examiners in connection with their review of the BSA/AML/OFAC program, including collecting and preparing requested documents and consulting with same on various matters.

  • Pursues continuous improvement in the Bank’s BSA/AML/OFAC program.

  • Examines Bank policies, procedures, and practices to ensure compliance with laws and regulations.

  • Manages BSA/AML/OFAC software, including model validation and calibration efforts, as well as change control procedures.

  • Assists in preparing the quarterly Board of Director reports, presentations, and other materials, and annual board BSA/AML/OFAC training.

  • Participates in M&A activity as necessary to establish new procedures and properly oversee new customers, products and BSA team members.

  • Performs additional duties as requested or assigned.

Qualification

  • Effective coaching and training skills
  • 10+ Years in BSA/AML 
  • 7+ Years of direct BSA 
  • Highly organized and able to manage multiple demands at once
  • Strong risk assessment and priority-setting abilities
  • CAMS
  • Skilled in operation of a personal computer and Microsoft Word, Excel and PowerPoint
  • Core banking systems
  • Experienced in Verafin or other BSA/AML software