Deputy BSA Officer

Bremer Financial Corporation•Chicago, IL

12d•Onsite

About The Position

Old National Bank has been serving clients and communities since 1834. With over $70 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving. We continually seek highly motivated and talented individuals as our people are critical to our success. In return, we offer competitive compensation with our salary and incentive program, in addition to medical, dental, and vision insurance. 401K, continuing education opportunities and an employee assistance program are also included in our benefit suite. Old National also offers a variety of Impact Network Groups led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization. We offer a unique opportunity to join a growing, community and client-focused company that is firmly rooted in its core values. The Deputy BSA Officer (DBSAO) provides support and assistance to the BSA Officer in the design, development, and implementation of the institution's Bank Secrecy Act, Anti-Money Laundering, Customer Information Program, and Office of Foreign Assets Control (BSA/AML/CIP/OFAC) compliance programs. This individual is a critical point of contact for ONB business leaders, the internal audit function, law enforcement, and bank regulators. The DBSAO should understand the Bank's products, services, customers, entities, and geographic locations, and the potential money laundering and terrorist financing risks associated with these activities. The position plays a key role as an important internal consultant to management and others throughout the organization related to BSA, AML, CIP, and OFAC matters. The annual salary range for this position is $106,100 - $214,600. The base salary indicated for this position reflects the compensation range applicable to all levels of the role across the United States. Actual salary offers within this range may vary based on a number of factors, including the specific responsibilities of the position, the candidate's relevant skills and professional experience, educational qualifications, and geographic location.

Requirements

Master's Degree or comparable experience
Bachelor's degree in business, Finance, Accounting, or related field desired
10+ years relevant experience in BSA/AML and OFAC compliance preferably in a mid-size or large bank environment
CAMS, CAFP, or CRCM
Extensive knowledge of Enhanced Due Diligence (EDD) matters, OFAC regulations, USA PATRIOT Act, AML/BSA Acts, Fraud Scenarios, Criminal Situations, and Internal Crimes with the ability to define problems and propose solutions.
Able to manage and execute multiple complex projects within required timelines and expectations required
Extensive knowledge of information technology, particularly how systems and applications integrate with business processes and operations (e.g., information technology risks, major systems conversions)
Excellent communication/influence skills are required, including reports; presentations; group facilitation skills; ability to develop professional relationships; and networking internally/externally)
Proven ability to partner effectively across all levels of the organization and develop positive working relationships
Highly logical and organized to develop creative solutions to complex problems.
Executive presence with internal partners and external constituents, as necessary
Business or Statistical Models experience, including governance, controls, development, documentation, validation, and calibration.

Responsibilities

Develop, implement, and maintain the BSA/AML/OFAC Compliance Program:
Maintain current knowledge of applicable laws, regulations, and issues. Evaluate changes in industry practice and legal/regulatory requirements and ensure that timely appropriate action is taken.
Support the BSA Officer in developing and maintaining policies and procedures, deliver training, reinforce internal controls, and ensure timely and accurate periodic MIS reporting.
Develop KRIs/KPIs for reporting to applicable oversight committees.
Facilitate periodic committee presentations.
Coordinate with the BSA Senior Leadership team members and Governance Analyst to prepare and execute the annual BSA/AML/OFAC risk assessment, including data analysis, coverage assessment, methodology and application.
Ensure compliance with 314(a) and 314(b) (PATRIOT Act) responsibilities.
Requires continuous exercise of judgment following broad guidelines. Identifies and selects complex choices of action where standard practices may not exist. Must be able to accommodate detailed work, problem solving, reasoning, math, presentations, verbal communication, written communication, analytical reasoning, training others, multiple concurrent tasks and constant interruptions.
Serve as a key resource for internal team members, management, board of directors, and regulators:
Advise lines of business and operational areas of BSA, AML and OFAC Program Issues, including regulatory changes, business changes, impacts on new products and services, process and procedure changes, and any additional first line support needed.
Provide assistance to the Compliance Department when needed.
Conduct self-assessments and assist in preparation and coordination of independent audits and regulatory examinations.
Lead BSA/AML Steering Committee meetings to provide current information to committee members.
Assist in department/division special projects and tasks for the department as directed.
Assist in the development, revision or reviews of bank policies, procedures, disclosures, notices, and forms to comply with legislative and regulatory changes or new requirements.