Hatch Bank - BSA Officer

Firstrust Bank • San Marcos, CA

403d • $140,000 - $175,000

About The Position

Hatch Bank is seeking a BSA Officer to lead its Enterprise Risk and Compliance Team, focusing on the development and management of a robust BSA/AML program. The role involves ensuring compliance with the Bank Secrecy Act and related regulations while fostering innovation and managing risks associated with third-party relationships. The ideal candidate will be a creative problem-solver who thrives in a fast-paced environment and can effectively communicate with various departments and executive leadership.

Requirements

• Bachelor's Degree in Business or another related field preferred.
• Minimum of 8-10 years of BSA/Anti-Money Laundering experience required.
• Experience with FinTech entities a plus.
• Successful experience with banking software.
• CAMS certification a plus.
• Excellent critical thinking, organizational, verbal, and written communication skills are essential.
• Functional knowledge of Microsoft Word, Excel, and Outlook.

Nice To Haves

• Experience with BAAS and third-party risk management is strongly preferred.

Responsibilities

• Develop, administer and maintain an effective BSA/AML program.
• Manage and ensure compliance with the BSA and related regulations and regulatory guidance related to BSA/AML risk management.
• Implement and manage policies, procedures, processes and controls related to BSA/AML/OFAC.
• Train bank employees and Board of Directors on BSA/AML.
• Inform senior management and board on the status of regulatory issues related to the BSA/AML program.
• Conduct enterprise wide BSA/AML/OFAC risk assessments.
• Test and validate the bank's KYC/CDD program including CIP verification.
• Review and maintain third party BSA/AML vendor programs.
• Review and file SARs, escalating to senior management and Board of Directors when necessary.
• Manage regulatory examinations and response items.
• Review data to identify potential risk factors or compliance violations.
• Work with functional leads and points of contact, in tracking action plans defined for non-conformances.
• Identify suspicious activity through automated and manual processes, risk rating of business customers, review of SARs prior to filing and the review of Enhanced Due Diligence Reviews.
• Ensure accuracy and timely completion of required information for regular reports.
• Help implement plans and strategies designed and developed for rolling out Risk and Compliance initiatives.
• Conduct research on new regulations or laws that could impact the organization's operations.
• Conduct audits of internal controls to ensure they are working correctly.
• Establish policies and procedures that comply with state and federal laws.
• Perform other tasks that may be assigned from time to time.

Benefits

• Competitive salary range of $140,000.00 to $175,000.00 per year, based on skills, experience, and location.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree