Compliance and BSA Officer

CFBank • Columbus, OH

2d • Onsite

About The Position

The primary objective of the BSA and Compliance Officer is to ensure proper adherence to the provisions and intent of both the Bank Security Act and compliance with successfully demonstrating the Banks' responsiveness.

Requirements

• High school diploma or equivalent required
• At least 5 years of bank compliance experience that includes BSA responsibilities.
• Experience with BAM+, Shield

Responsibilities

• Coordinates and oversees an effective Bank Secrecy Act/Anti-Money Laundering/OFAC Compliance Program that is in compliance with current industry best practices, regulatory guidance, and requirements.
• Serve as a subject matter expert on various compliance matters through providing compliance advice and guidance to staff as needed and providing various BSA reports to Management.
• Develops, implements administers and enhances the BSA/AML/OFAC/USA Patriot Act monitoring systems to ensure appropriate parameters are in place to identify suspicious and/or fraudulent activity.
• Review various reports and transactions to identify and minimize potential risks, also identify and investigate high-risk accounts/transactions, taking appropriate reporting and procedural corrective action.
• Establishes and maintains appropriate SAR investigation, reviews, and reports processes that promote consistent decisions; adequate investigation and research; and completes detailed documentation.
• Responds to exams and audit concerns and oversee corrective action of all related compliance deficiencies.
• Updates and revises BSA/AML/OFAC and all other compliance policies and procedures.
• Administers BSA/AML/OFAC-related training programs for directors, management, and employees and provides BSA guidance and coaching to employees.
• Maintains BSA/AML-related monitoring and reporting systems.
• Serves as subject matter expert in all systems related to BSA/AML activities.
• Monitors and analyzes developing industry and compliance trends and changes to laws and regulations pertaining to BSA/AML/OFAC/USA Patriot Act.
• Advises stakeholders of emerging risks, new or amended laws, regulations, or agency guidance and recommends and implements changes and controls to mitigate those risks.

Benefits

• Career advancement and skill enhancement opportunities
• Dependent coverage
• Generous PTO
• Federal Holidays
• Paid Parental Leave
• 401k Plan and Employee Match of 50% of the first 8% deferred
• Employee Banking Products and Services
• Direct Deposit of payroll to CFBank Account
• Employee Assistance Program with a wide range of free resources such as estate planning and wellness resources

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED