Immediate need for a BSA/AML officer. Will be responsible for overseeing and administering the Bank’s BSA/AML compliance program to ensure that the bank achieves optimum compliance with all related laws and regulations. Specifically, the incumbent will perform analysis, monitoring, testing, and reporting procedures for the Anti Money Laundering (AML) program to ensure that the Bank achieves optimum compliance with all related laws and regulations. Ensures compliance with all regulations as they relate to functions within the supervision, including Bank Secrecy Act

DUTIES

· Address compliance issues directly and through subordinates by monitoring and reviewing data to determine if transactions are suspicious in nature, identifying potential risk issues, and taking appropriate action.

· Prepare and generate reports as required by the Board of Directors, senior management, and as mandated by government rules and regulations.

· Provide management with information that accurately assesses the Bank’s extent of compliance. Interacts with department and branch supervisors and managers as necessary to provide information on compliance changes that affect them or the operation of their respective department(s).

· Serve as a Point of Contact for Section 314(a) Information Requests or other similar requests for record searches (i.e. terrorist lists provided under the CIP laws and regulations). Provide the oversight and coordination of responses to such requests.

· Directly responsible for BSA/AML Compliance including but not limited to the filing of CTR’s/SARs, reviewing and researching records of individuals as directed by FinCEN.

· Provides the oversight and coordination of the Bank’s customer identification (“CIP”) and Enhance Due Diligence/Know Your Customer (“EDD”/“KYC”) programs.

· Conducts regular monitoring of exempt persons for potentially suspicious activity and to ensure that their presence on the Exemption List continues to be justified.

· Provides the oversight to and ensures the implementation of the BSA/AML and OFAC training programs. This oversight may require travel to Bank offices to conduct necessary BSA/AML training sessions

· Develop, update and manage all aspects of the bank’s BSA compliance program and policies and procedures on an ongoing basis, frequently, review, identify, recommend and implement improved polices and procedures that will result in the Bank’s compliance with laws, regulations and rules governing BSA/AML program.

· Accept other duties including special projects as deemed necessary by the supervisor.

QUALIFICATIONS

Education: College degree preferred.

Experience: 7-10 years of experience in Banking Operations, regulatory, legal, or auditing environment with significant exposure to regulatory compliance matters preferred. 3-5 years Management experience preferred.

Skills/ Ability: Excellent analytical, research, project management, and planning skills along with great verbal and written communication skills are essential. Thorough knowledge of BSA/AML, USA PATRIOT Act, OFAC laws and regulations, and CTR and SAR reporting requirements. A good understanding of adult learning principles and knowledge of word processing and spreadsheet software required.



Equal Opportunity Employer / Disabled / Protected Veterans

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