BSA Officer

1870 Holdings•Monmouth, IL

7d•$55,600 - $67,000

About The Position

The Bank Secrecy Act (BSA) Officer is responsible for coordinating the development, implementation and administration of all aspects of the corporate-wide Bank Secrecy Act (BSA) Compliance Program. This position monitors compliance with state and federal Bank Secrecy Act (BSA), USA PATRIOT Act, Anti-Money Laundering (AML), and OFAC laws and regulations.

Requirements

Minimum associate's degree in business or accounting is preferred or equivalent work experience.
Must have an understanding of the bank environment such as following established procedures and information technology regulation/compliance
Base knowledge of BSA/AML and consumer loan laws and regulations preferred.
Aptitude to collaborate and work well with all bank departments and technology partners
Capacity to prioritize effectively and multitask as necessary.
Expert computer skills, especially Microsoft Office applications and Core Banking platforms.
Customer Focus
Managing Performance
Interpersonal Communication
Technical knowledge of computer operations
Quality Driven
Sound Judgement
Personal Integrity & Ethics
Self-Starter
Well-Organized
Ability to type and file documents proficiently
Ability to operate office equipment of varying heights, sizes and positions by reaching, handling, fingering, bending, stooping, kneeling and feeling
Ability to obtain documents, files, and supplies of varying sizes, heights and weights by reaching, handling, stretching, lifting, bending, climbing, stooping, kneeling and feeling
Ability to effectively exchange information in a verbal, visual and written fashion
Ability to apply common sense understanding in order to problem solve by analyzing, observing, and prioritizing. Reads material and identifies relevant details; judges accuracy and appropriateness
Ability to lift and carry a weight of up to 20 pounds for a short period of time.
Ability to sit for long periods of time.
Ability to effectively interact with others, including but not limited to internal and/or external customers, members of management, and vendors.
Ability to work a regular, predictable schedule.

Responsibilities

Overseeing all aspects of the corporate-wide Bank Secrecy Act (BSA), Anti-Money Laundering (AML) programs.
Coordinating and assisting in the administration of independent, state and federal regulator and auditor examinations and reviews.
Coordinating responses to regulatory BSA-AML examinations and audits and actions taken to ensure deficiencies are corrected as directed by Board of Directors.
Make recommendations to the Compliance Officer and senior management when and where appropriate.
Maintains proficient knowledge of the rules and regulations, including but not limited to, the Bank Secrecy Act (BSA), USA Patriot Act, and OFAC.
Works with operations units to investigate transactions that are suspicious in nature.
Submits Suspicious Activity Reports for BSA-AML-related activities.
Monitors and track BSA-AML high-risk customers and accounts.
Manages exempt person filings for CTR purposes.
Understands government regulations with particular emphasis on the Bank Secrecy Act and related regulations.
Address regulatory changes that impact the business units.
Assist business units in implementing processes necessary to comply with regulations.
Performs regulatory research in response to business unit compliance inquiries, projects, and changes while communicating
Performs analysis of BSA related data to draw conclusions about the level of compliance throughout the enterprise.
Directs the development of training applicable to BSA/AML and OFAC for new and existing employees and board members.
Assists Business Units in performing Risk Assessments when asked.
Develop and maintain BSA related policies and procedures.