BSA/AML Officer

Brannen Banks of Florida Inc•Inverness, FL

21h•Onsite

About The Position

The BSA Officer is responsible for the implementation and administration of all aspects of the Bank Secrecy Act compliance program, under the guidance of the Compliance/CRA Officer. This position performs various quality controls reviews and monitoring pertaining to the Bank Secrecy Act, USA Patriot Act, anti-money laundering, OFAC and Customer Identification Program compliance using industry standard and regulatory guidance to ensure the Bank’s compliance efforts are maintained on a daily basis. Advises Senior Management and Bank personnel of emerging BSA compliance issues and consults and guides the Bank in the establishment of controls to mitigate risks. Assists the SVP, Deposit Operations and Regulatory Compliance/CRA Officer in ensuring department activities run smoothly and efficiently. The position of BSA Officer is required to be fully knowledgeable and skilled in all areas of the department.

Requirements

High School Diploma
Minimum 3 years of relevant banking experience
Proficient in Microsoft Word, Excel, and Outlook
Proficient in regulatory guidelines for banks
Excellent time management skills

Nice To Haves

Bachelor’s Degree Preferred

Responsibilities

Maintain current knowledge of the Bank Secrecy Act and all related anti-money laundering and OFAC regulations.
Not to harm consumers with any act that could be misleading, unfair, deceptive, or abusive in act or practice.
Performs daily review, monitoring, and analysis of various reports, logs, and transaction data to identify trends, unusual activity, and monitor large currency activity; determines if transactions are suspicious in nature, such as kiting, significant changes in balances, cash structuring in deposits, loans payments, and certificate of deposit purchases, wire or ACH transfers, monetary instrument sales, new account openings, etc.
Develop, coordinate, and facilitate training programs, sessions, and seminars to educate bank personnel about BSA related compliance requirements and procedures.
Coordinate the development and implementation of Bank forms, notices, and procedures and monitoring processes for compliance with the Bank Secrecy Act and related regulations.
Prepare for and coordinate regulatory and internal audit examinations.
Ensure compliance with 314(a) and 314(b) (PATRIOT Act) responsibilities.
Responsible for the preparation and submission of all Currency Transaction Reports within required timeframes.
Oversee and coordinate the monitoring of account activity for suspicious patterns.
Conducts suspicious activity report (SAR) investigations, decide when to file suspicious activity reports, and file SARs when applicable.
Oversee and responsibility for the review, approval, and filing of all Currency Transaction Reports (CTRs) within required timeframes.
Researches and responds to information requests from FinCEN and other government entities.
Prepare reports for the Board of Directors on a periodic basis and ensure that the Board is kept fully informed of the BSA program.
Maintain current knowledge of all federal and state laws and regulations, along with the Bank’s policies and procedures.
Prepares the annual BSA Risk Assessment.
Administers automated BSA/AML/Fraud system, researches and resolved alerts and conducts investigations within the system.
Conducts self-assessments and assists in preparation and coordination of independent audits and regulatory examinations.
Adhere to established employee policies.