Chief BSA/AML Officer

Monet Service, Inc • Plano, TX

4d

About The Position

The Chief BSA/AML Officer serves as the Bank’s designated Bank Secrecy Act (BSA) Officer and is responsible for the overall leadership, strategy, and execution of the Bank’s enterprise-wide Anti-Money Laundering (AML), Counter-Terrorist Financing (CTF), and OFAC compliance programs. This executive role provides independent oversight of the Bank’s compliance with all applicable BSA/AML laws and regulations and serves as the primary liaison with regulators, law enforcement, senior management, and the Board of Directors.
The Chief BSA/AML Officer is accountable for the design, implementation, and continuous enhancement of a risk-based BSA/AML compliance framework, including new business initiatives involving international payments, foreign correspondent banking, nested financial institutions, fintech partnerships, and other high-risk or complex customer segments. The role ensures that the Bank maintains effective systems, controls, governance, and reporting mechanisms to identify, measure, monitor, and mitigate financial crime risk.
This position reports directly to executive leadership and provides regular reporting to the Board of Directors (or a designated Board Committee).

Requirements

• Bachelor’s degree required; Juris Doctor, Master’s degree, or other relevant graduate degree preferred.
• Professional certifications strongly preferred (e.g., CAMS, CRCM, CAFP, or equivalent).
• Minimum of 7–10+ years of progressive AML/BSA compliance experience within a financial institution.
• Prior experience serving as a BSA Officer or senior AML leader strongly preferred.
• Demonstrated experience with foreign correspondent banking, international payments, fintech partnerships, or high-volume transaction environments.
• Experience interacting directly with regulators and presenting to Boards of Directors.
• Deep knowledge of BSA/AML, OFAC, USA PATRIOT Act, and related regulatory requirements.
• Strong understanding of banking operations, payment systems, and financial crime typologies.
• Executive presence with strong written and verbal communication skills.
• Strategic thinker with strong analytical and risk assessment capabilities.
• High degree of integrity, professionalism, and ability to maintain confidentiality.
• Ability to lead cross-functional initiatives and influence senior stakeholders.

Responsibilities

• Serve as the Bank’s designated BSA Officer under applicable regulations.
• Develop and execute the strategic vision for the Bank’s AML/BSA/OFAC compliance program.
• Provide independent oversight of the Bank’s compliance with BSA, USA PATRIOT Act, OFAC, and related regulatory requirements.
• Deliver regular reports to Senior Management and the Board of Directors regarding AML risk exposure, program effectiveness, SAR trends, regulatory developments, and emerging threats.
• Lead the annual BSA/AML/OFAC risk assessment and present results for Board approval.
• Oversee annual policy reviews and ensure Board approval of all AML/BSA-related policies.
• Design, enhance, and maintain a comprehensive, risk-based AML/BSA compliance program, including:
• Customer Identification Program (CIP)
• Know Your Customer (KYC) and Know Your Business (KYB) standards
• Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD)
• Beneficial Ownership compliance
• Transaction monitoring and fraud surveillance
• Sanctions screening and OFAC compliance
• Oversee AML controls related to high-volume foreign correspondent banking, international payments, nested relationships, and other complex, high-risk customer segments.
• Identify potential areas of compliance vulnerability and financial crime risk and implement mitigation strategies and internal controls.
• Ensure appropriate risk rating methodologies for new and existing customers, including periodic reviews of high-risk accounts.
• Oversee suspicious activity monitoring, investigation, and reporting processes.
• Review and approve Suspicious Activity Reports (SARs) and maintain documentation of SAR determinations.
• Oversee Currency Transaction Report (CTR) filings and annual reviews of CTR-exempt customers.
• Supervise 314(a) list reviews and ensure timely and accurate responses.
• Ensure appropriate tracking, documentation retention, and audit trails consistent with regulatory requirements.
• Serve as primary point of contact for regulators and examiners on AML/BSA matters.
• Lead preparation for regulatory examinations and independent audits.
• Coordinate responses to findings and oversee timely remediation.
• Respond to regulatory complaints, legislative inquiries, and law enforcement requests as appropriate.
• Develop and implement enterprise-wide AML/BSA training programs for staff and new hires.
• Promote a strong culture of compliance and financial crime awareness across all business units.
• Advise Senior Management and business leaders regarding emerging AML/BSA trends, regulatory changes, and risk exposures.
• Partner with Legal, Risk, Operations, and business units to ensure compliance is embedded in new product development and strategic initiatives.
• Lead, mentor, and develop AML/BSA compliance staff.
• Establish performance metrics and ensure adequate staffing and technological resources.
• Make strategic recommendations to improve program efficiency, automation, and effectiveness.

Benefits

• Medical, dental and vision coverage
• 401K with company match
• 11 paid holidays
• Accrue up to 17 vacation/sick days per year in your first year on a pro rata basis
• Applicant may be eligible for annual discretionary bonus

What This Job Offers

• Job Type: Full-time
• Career Level: Executive