BSA Officer

Saint Louis Bank•Ladue, MO

About The Position

The BSA Officer administers and oversees the Bank’s BSA/AML and regulatory compliance program, ensuring the Bank operates in accordance with federal and state banking laws and regulations. Serving as the bank’s subject matter expert for BSA/AML and OFAC compliance, the position is responsible for the effective administration, monitoring, and continuous improvement of the program. It exercises independent judgment in identifying, investigating, and escalating potential suspicious activity. Working under the direction of the Senior Compliance Officer, the position oversees day-to-day responsibilities related to BSA/AML, the USA Patriot Act, OFAC, and bank security requirements. Duties include managing risk assessments, suspicious activity monitoring, currency transaction filing, regulatory reporting, compliance testing, policy administration, employee training, and support during regulatory examinations. The BSA Officer works with the Senior Compliance Officer to provide guidance, address compliance concerns, and identify potential risks to maintain a strong compliance culture.

Requirements

Bachelor of Science in Finance, Business, or a related field.
5–7 years of experience in the duties outlined in the posting.
Demonstrated knowledge of BSA/AML, USA Patriot Act, and OFAC banking laws and regulations.
Demonstrated knowledge of banking products and services.
Demonstrated knowledge of federal and state BSA-related requirements.
Strong professional skills, with an emphasis on planning and organization.
Proven experience leading teams, preferably a BSA team.
Proven experience performing common BSA functions, such as investigating system alerts, CTR and SAR filing, EDD reviews, OFAC alerts, and case management.
Strong and thorough knowledge of bank policies and procedures.
General knowledge of bank products and services, particularly those offered in commercial banking.
Ability to multitask and manage multiple activities to completion within strictly regulated deadlines.
Ability to work effectively at a computer for extended periods.
Ability to sit for extended periods.
Regular attendance is necessary.

Responsibilities

Maintain proficient knowledge of rules and regulations, including the Bank Secrecy Act (BSA), USA Patriot Act, and OFAC.
Oversee the corporate-wide BSA/AML programs, including maintaining the BSA Policy.
Ensure BSA/AML-related training is assigned to Bank staff as appropriate.
Use specialized software and reports to identify and investigate unusual or suspicious transactions.
Work with appropriate staff to complete and submit Suspicious Activity Reports (SARs).
Monitor and track high-risk customer account activity.
Coordinate and assist with independent state and federal regulator and external auditor examinations and reviews.
Coordinate responses to regulatory BSA/AML examinations and audits, and actions to ensure deficiencies are corrected.
Manage risk assessments, suspicious activity monitoring, currency transaction filing, regulatory reporting, compliance testing, policy administration, employee training, and examination support.
Provide guidance, address compliance concerns, and identify potential risks in collaboration with the Senior Compliance Officer.