BSA Officer

BANK OF MARIN-posted 4 months ago
$110,066 - $154,088/Yr
Full-time • Senior
Novato, CA
251-500 employees
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Bank of Marin, voted by our employees as one of the “Best Places to Work” in the North Bay Business Journal, is looking for a BSA Officer to join our Compliance team at our corporate office in Novato. The BSA Officer is responsible for establishing the strategic vision, leadership and implementing of day-to-day management for all aspects of monitoring activities related to Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT) and Office of Foreign Assets Controls (OFAC) compliance. The BSA Officer ensures compliance with applicable state and federal laws, including USA Patriot Act, FinCEN, FFIEC, FDIC and California DFPI regulations and guidance, oversees a team of AML Investigators, provides line of business advisory and governance oversight, including BSA/AML training, and communicates the strategic vision across all lines of business. In addition, this individual is responsible for quality control reviews, interfaces with auditors and regulators, and monitors specific to BSA, AML, USA Patriot Act, Customer Information Program and Currency Transaction Reporting (CTR). The BSA Officer will oversee projects ranging from assisting business units in developing efficient BSA/AML processes that identify risk, adhere to bank-wide policy. This leadership role requires extensive experience in financial crime risk management, regulatory interaction, technology optimization, and cross-functional coordination with operations, legal, IT, and law enforcement.

  • Develops, manages, and maintains the Bank’s BSA/AML/CFT and OFAC compliance programs to reflect current regulatory expectations and best practices.
  • Conducts the annual BSA/AML risk assessment to ensure the program design aligns with the Bank’s risk profile, regulatory expectations, and develops appropriate internal controls to mitigate and manage risk and comply with BSA regulatory requirements.
  • Establishes and maintains written policies and procedures for all BSA/AML functions, including customer onboarding, CDD/EDD, transaction monitoring, and SAR reporting.
  • Oversees administration and optimization of AML platforms (e.g., Abrigo BAM+, Verafin, Actimize, or equivalent).
  • Oversees enterprise-wide activities and customers transactions to ensure compliance with BSA/AML/CFT regulations. Identify deviations from internal policies and procedures and detect potential unusual activity. Documents investigations and facilitate appropriate responses.
  • Schedules and supervises the day-to-day routine activities and performance of the assigned support staff. Includes performance recommendations relating to training, coaching, timekeeping and performance management.
  • Oversees and reviews system-generated alerts and customer activity monitoring processes, including conducting enhanced due diligence on the Bank’s high-risk customer and exempt customers in accordance with its Enhanced Due Diligence procedures and practices.
  • Manages the CTR, SAR, 314(a), 314(b), Customer Screening, OFAC inquiries and law enforcement requests and (Elder Abuse Incident Reports) to ensure timely and accurate filing of report of time-sensitive, regulatory mandated tasks.
  • Ensures OFAC screening of new and existing customers, transactions, and vendors is functioning properly.
  • Investigates and resolves potential matches; files blocked property reports or voluntary self-disclosures as required.
  • Serves as the primary liaison with regulators and auditors for BSA/AML/OFAC exams.
  • Prepares executive management, Board and risk committee reports on financial crimes risk metrics, trends, and emerging issues.
  • Ensures timely response and remediation to exam findings, audit observations, and internal review results.
  • Maintains awareness of emerging risks, industry best practices, and enforcement actions impacting BSA programs.
  • Develops, as required, and/or supports and delivery of annual BSA/AML/OFAC training to employees, management, and the Board.
  • Monitors changes in regulations, guidance, and enforcement actions to assess the impact on the Bank’s program.
  • Minimum of seven years of specific BSA/AML prevention and personal investigative experience and Expert knowledge of BSA/AML/OFAC laws and regulations, including the Bank Secrecy Act, USA PATRIOT Act, and OFAC requirements.
  • Hands-on experience with AML compliance systems (e.g., Abrigo BAM+, Verafin, Actimize, or equivalent) including system configuration, rule tuning, scenario calibration, customer risk scoring, alert management, case management, SAR e-filing integration and workflow management.
  • Ability to lead the optimization of transaction monitoring systems, including tuning alert thresholds, conducting lookbacks, and incorporating new risk typologies.
  • Skilled in analyzing system-generated alerts, identifying false positives, and documenting investigations.
  • Familiarity with data mapping and validation, as well as interface/integration with core banking systems and third-party data sources.
  • Knowledge of AML system governance and vendor oversight best practices, including change control documentation and model validation principles.
  • Strong ability to develop user procedures, job aids, and training content related to the use of BSA/AML software for staff at all levels.
  • Comfort working with large data sets, Excel, and report exports to support investigations, quality assurance, and program metrics reporting.
  • Exceptional analytical, investigative, and critical thinking skills, with ability to identify trends, patterns, and emerging risks through system reporting.
  • Effective written and verbal communication skills, especially for presenting findings to management, examiners, auditors, and the Board.
  • Project management skills and experience leading or participating in system conversions or upgrades for AML software platforms.
  • Should be a self-starter, organized, and able to work independently, without supervision.
  • CAMS (Certified Anti-Money Laundering Specialist) required; CFE, CFCS, or similar fraud certification preferred.
  • 3+ years of experience in management or supervisory capacities.
  • Comprehensive health care coverage
  • Retirement savings plan with employer matching opportunity
  • Bank paid employee stock ownership plan
  • Tuition reimbursement
  • Employee volunteer program
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