BSA Officer

Central Bank•Sioux City, IA

12h

About The Position

The BSA Officer is responsible for the oversight, administration, and effectiveness of the Bank’s Bank Secrecy Act (BSA), Anti-Money Laundering (AML), and Office of Foreign Assets Control (OFAC) Compliance Program. This role ensures alignment with regulatory requirements, internal policies, and industry best practices and serves as the primary point of accountability for financial crimes compliance. The BSA Officer leads the Risk Analyst team and serves as the primary liaison for regulatory examinations, audits, and Board reporting related to BSA/AML/OFAC.

Requirements

Bachelor’s degree required or equivalent work experience
4+ years experience in similar job duties

Nice To Haves

Professional certifications such as CBAP, CRCM, or CRP preferred.

Responsibilities

Develop, implement, and maintain the Bank’s BSA/AML/OFAC Compliance Program, including Customer Identification Program (CIP), Customer Due Diligence (CDD), and Enhanced Due Diligence (EDD).
Conduct and maintain enterprise-level BSA/AML/OFAC risk assessments covering products, services, customers, delivery channels, and geographies.
Oversee transaction monitoring, alert management, investigations, and reporting to ensure timely and accurate filing of SARs and CTRs.
Ensure BSA/AML systems, policies, and procedures remain current with regulatory guidance.
Prepare and present BSA/AML/OFAC reports to executive management and the Board, including metrics, trends, and remediation status.
Design and deliver BSA/AML/OFAC training programs for employees and the Board of Directors.
Provide leadership, direction, and oversight to Risk Analyst I and Risk Analyst II.
Establish priorities, workflows, quality standards, and escalation protocols.
Review complex investigations, risk determinations, and officer-level escalations.
Ensure appropriate documentation, audit trails, and record retention across all BSA/AML activities.
Support the ongoing development and competency of Risk Analyst staff.
Serve as the primary liaison for regulatory examinations, audits, and law-enforcement inquiries related to BSA/AML/OFAC.
Coordinate and oversee responses to examination and audit findings, ensuring timely remediation and documentation.
Maintain governance documentation, policies, procedures, and Board materials.
Manage the Bank’s CRA Program, ensuring compliance with all applicable laws and documentation requirements.
Collect and analyze CRA performance data and provide reports to management and the Board.
Maintain the CRA Public File and ensure timely updates and submissions.
Coordinate CRA training and promote awareness of community development initiatives across markets.
Maintain ongoing professional education in BSA/AML/OFAC compliance.
Partner with Legal, Risk, IT, and business units to support effective coordination.
Promote a culture of compliance, accountability, and continuous improvement.
Assist the owning department by collecting Third Party Risk documentation or responding to routine compliance-related requests when needed.
Perform other related duties and responsibilities as assigned by management.