AML/BSA Officer
About the position The AML/BSA Officer will serve as the Bank’s designated AML/BSA Officer and is primarily responsible for administration, execution, and continuous improvement of the Bank’s AML/BSA Program. This role operates within the second line of defense and exercises independent judgment in identification, escalation, and reporting of AML/BSA risks. Reporting to the Director of Compliance, this role serves as a senior individual contributor, leads day-to-day program execution, and serves as the primary point of contact for regulatory and examination inquiries. The role is responsible for reporting and training and maintains direct access to senior management and the Audit Committee of the Board for escalation of material AML/BSA issues.
Responsibilities
- Lead execution of AML/BSA Program and ensure compliance with applicable regulatory requirements.
- Serve as Bank’s designated AML/BSA Officer accountable for program execution and effectiveness.
- Lead and coordinate suspicious activity investigations, escalation, and regulatory filings.
- Maintain complete and examiner-defensible documentation.
- Exercise independent judgment in the identification, escalation and reporting of AML/BSA risks, including escalation of material issues to senior management and the Audit Committee, as appropriate.
- Partner with business units to perform investigations and provide effective challenge.
- Monitor regulatory developments and recommend program enhancements.
- Conduct AML/BSA risk assessments and track remediation.
- Provide regular and ad hoc reporting to senior management on AMLBSA program effectiveness and SAR activity.
- Prepare and deliver AML/BSA training for Bank staff, independent contractors, and the Board of Directors.
- Oversee identification, tracking, and remediation of AML/BSA issues, including regulatory findings and management action plans, and provide status reporting to senior management and the Audit Committee.
- Serve as primary liaison for examinations and audits.
- Support second-line oversight of OFAC, fraud, and related financial crimes programs.
- May serve as officer of such other functions as well.
- Perform other duties and support broader Compliance Program activities as assigned.
Requirements
- Bachelor’s degree in Business, Finance, Risk Management, Law, or a related field.
- Minimum 10+ years of AML/BSA experience.
- Minimum of 3+ years of experience administering AML/BSA programs and interacting with regulators.
- Strong knowledge of AML/BSA laws and regulations, and of financial services regulatory compliance frameworks, including second-line oversight and effective challenge expectations.
- Proven strong analytical skills to independently evaluate complex data, identify trends, and assess potential risks.
- Proven ability to manage investigations and SAR filings.
- Ability to work independently and to influence and credibly challenge stakeholders across all levels of the organization.
- Excellent analytical, problem-solving, and decision-making skills.
- Strong written and verbal communication skills, including executive-level presentations.
- Ability to manage multiple priorities in a fast-paced, highly regulated environment.
- Proficiency in Microsoft Office products (Excel, Word, PowerPoint, Outlook); data visualization tools such as Tableau preferred.
- High degree of initiative, judgment, and accountability.
- Must be CAMS certified.
Nice-to-haves
- data visualization tools such as Tableau preferred
Benefits
- highly competitive compensation and bonus package
- comprehensive benefits program
- Retirement program (401k and Pension)
- Medical, dental and vision insurance
- Lifestyle Spending Account
- Competitive PTO plan
- 11 paid holidays per year
- professional development and training opportunities
- upskilling
- mentorship programs
- tuition reimbursement
- five weeks of vacation for new employees
- annual stipend for employees to support wellbeing activities
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