BSA Officer

Job Summary:

The BSA/AML/OFAC & Information Security Supervisor is responsible for developing and overseeing the Bank’s BSA, AML, OFAC, and information security programs in alignment with regulatory requirements and industry best practices. This position advises Bank management of emerging BSA, AML, OFAC and information security risks and guides the Bank in establishing controls to mitigate said risks, and manages a team of direct reports to perform and escalate BSA, AML and OFAC related issues throughout the Bank.

Primary Functions and/or Responsibilities:

• Serves as enterprise-wide resource on BSA, AML, OFAC and information security related issues
• Develops, updates and oversees the Bank’s BSA, AML, OFAC and information security programs in a manner consistent with related rules and regulations, and continually assess whether revisions are needed to align the same with the Bank’s risk tolerances in consideration of regulatory requirements and industry best practices, including the following:

o   Oversees administration and analysis of Verafin alerts in relation to BSA, AML, OFAC and information security issues and continuously update Verafin

o   Oversees the filing of accurate and timely SARs on behalf of the Bank

o   Oversees the timely completion of investigations related to BSA, AML, OFAC and information security related issues impacting the Bank

o   Oversees the filing of accurate and timely CTRs

o   Oversees the Bank’s development of due diligence and monitoring processes for customers, including Money Services Businesses and Marijuana Related Businesses

o   Oversees full and complete corrective action is taken with respect to violations and deficiencies noted during monitoring, internal audits and supervisory examinations

o   Oversees the development and delivery of Bank training

o   Serves as enterprise-wide Verafin administrator

o   Actively participates in relevant committees, including without limitation, Enterprise Risk Management Committee and Information Cyber Security Committee

• Prepares and presents to Bank management and the BOD reports on the Bank’s BSA/AML/CIP/OFAC and information security programs and related issues, including regulatory changes and legal actions pertaining to the same
• Maintains relationships with industry peers, including law enforcement agencies
•  Provides direct supervisory oversight and management to team members and promotes their growth

          and development within the Bank

• Performs other duties as assigned

Education and/or Experience:

• Four-year college degree in a related field preferred OR an equivalent combination of education and experience
• At least eight years of experience required, with at least five years of experience or training in BSA, AML, and OFAC related regulations, processes and practices required
• Supervisory experience required
• Certified Fraud Examiner, Certified Anti-Money Laundering and Fraud Professional, Certified Bank Security Manager, or Certified Anti-Money Laundering Specialist designations, credentials preferred

Specific Skills, Knowledge & Abilities:

• Must have knowledge of Bank operations
• Proficient with IBS Insight, Onbase, Evision, Bank Secrecy Act Manager (BAM) and Verafin
• Advanced knowledge of the Bank Secrecy Act; USA PATRIOT Act; Regulation CC; and Regulation E