BSA Officer

Achieva•Dunedin, FL

8h•Hybrid

About The Position

The Bank Secrecy Act Officer (BSA Officer) administers the Credit Union’s BSA/ AML and OFAC program. As the designated BSA Officer, this position ensures the Credit Union maintains compliance with the Bank Secrecy Act (BSA), the United and Strengthening America by Providing Appropriate Tools required to Intercept and Obstruct Terrorism Act (USA PATRIOT Act), Office of Foreign Assets Control (OFAC) regulations and all other applicable anti-money laundering statutes and requirements. The BSA Officer manages the BSA/ AML team, supporting internal controls, maintaining appropriate educational programs, ensuring independent testing of the Program, and maintaining a risk-based Program designed to detect, prevent, and report suspicious activity and comply with all regulatory requirements. The BSA Officer administers the SAR Committee, preparing regular reports for the Audit Committee and Board of Directors and serves as the primary liaison with regulators, auditors and law enforcement regarding BSA/AML matters.

Requirements

Bachelor’s degree in business, finance, criminal justice or related field or equivalent combination of experience and education.
5+ years’ experience in the role of BSA Officer in a regional bank or credit union.
10+ years’ BSA/AML investigative experience with personal investigative and suspicious activity reporting (SAR) finagling experience at a financial institution.
Prior experience with development, testing and implementation of BSA/AML/OFAC systems.
CAMS, BSACS or the ability to obtain certification upon hire.
Comprehensive understanding of banking and of financial crime patterns.
Thorough knowledge of Bank Secrecy Act, anti-money laundering laws, and regulations the USA PATRIOT Act, as well as a strong understanding of OFAC regulations.
Demonstrated history of strong leadership and management skills.
High degree of analytical, problem solving, organizational and project management skills.
History of favorable interactions with regulators and auditors.
Excellent verbal, written and communication skills including demonstrated board presentation skills.
Strong attention to detail and deployment of sound critical professional judgment.
Ability to work in a fast-paced, deadline-orientated environment.
Demonstrated ability to assess and enhance BSA/AML/OFA systems through a project management and system development life cycle discipline.
Familiarity with Verfin preferred.

Nice To Haves

Familiarity with Verfin preferred.

Responsibilities

Serve as the designated BSA Officer for the Credit Union.
Manage and develop the BSA/AML team, establishing departmental goals and performance standards and ensuring timely alert reviews, investigations, and regulatory reporting.
Maintain current knowledge of the Bank Secrecy Act and all related anti-money laundering and OFAC regulations and stay apprised of proposed rules, new or changing laws and regulations as well as emerging issues and industry trends to advise Senior Management.
Ensure policies, procedures, controls, and monitoring systems are appropriately designed, configured and operating effectively and make recommendations for system enhancements and tuning adjustments.
Assess Program processes and technologies to enhance Program compliance, efficiency, and effectiveness without compromising controls and compliance.
Conduct BSA/AML/OFAC/Fraud, etc. risk assessments on an annual basis or as otherwise appropriate.
Oversee the investigation, escalation and reporting of suspicious activity.
Ensure high-risk member monitoring and enhanced due diligence activities are conducted appropriately.
Ensure SARs, CTRs and all other required regulatory findings are accurate, complete, and submitted within required deadlines.
Administer the SAR Committee, maintaining appropriate SAR confidentiality controls.
Monitor suspicious activity trends and emerging financial crime risks.
Serve as the point of contact for examiners, regulators, and auditors.
Prepare periodic Program reports for the Audit Committee and Board of Directors to ensure that the Board is kept fully up-to-date and informed of the Program.
Partner with Learning and Development to develop appropriate BSA/AML and OFAC training curriculums for employees.
Provide guidance to frontline and back-office staff regarding BSA/AML requirements and suspicious activity requirements.
Maintain the highest degree of integrity and ethics and adhere to all Credit Union policies and procedures.
Deploy critical professional judgment in all aspects of managing and leading BSA/AML/OFAC functions.
Build and successfully manage relationships with key management stakeholders throughout the Credit Union creating an environment of transparency and trust.
Participate in corporate initiatives and projects as necessary to ensure BSA-related vendor relationships and system implementations are compliant.
Manage, develop, and lead all aspects of the BSA Team of BSA/AML Analysts.
Complete annual Credit Union compliance training and other training as required for BSA and the Privacy Act.
Represent and uphold the Achieva Brand Frame.
Champion initiatives that position the Credit Union as a top employer through leadership, integrity, and service excellence.
Perform all other essential functions as needed, assigned, or delegated.
Travel may be required on occasion.
Work flexible hours including evenings, weekends, and holidays to meet member and business demands.