Senior BSA Manager

Piermont Bank•New York, NY

About The Position

Piermont Bank is a commercial bank with a mission to serve growth companies. We are entrepreneur-led and tech-forward. We believe in being a partner for enterprising companies, acting as a catalyst for mid-market innovation and growth. Piermont’s financial solutions and expertise empower our business community to thrive. At Piermont, we are purpose-driven, practical, and offer fast answers and flexible solutions, creating value for clients in today’s fast-changing economy. The Role: We are seeking a highly experienced and detail-oriented Senior BSA Manager to serve as a key deputy to the BSA Officer in managing the Bank’s BSA/AML/OFAC compliance program. This role is instrumental in executing the day-to-day operations of the program, including transaction monitoring, investigations, regulatory reporting, and audit coordination. Working in close partnership with the BSA Officer, the Senior BSA Manager will lead and mentor the BSA team, ensuring consistent performance, professional development, and alignment with regulatory expectations. This role will oversee system administration, data integrity, and quality control processes, while also guiding staff through risk assessments and customer due diligence activities. The ideal candidate will bring strong regulatory expertise, analytical acumen, and a collaborative leadership style to support and empower BSA personnel and drive operational excellence across the department.

Requirements

10+ years of banking experience with proven and progressive experience.
Bachelor’s degree required.
Extensive knowledge of Bank Secrecy Act and USA PATRIOT Act regulations and requirements.
Knowledge of Federal regulations relating to the basic principles of fraud and money laundering.
Strong decision-making, analytical, and investigative abilities with attention to detail and accuracy.
Ability to interact effectively with all levels of management, regulators, and examiners while maintaining strict confidentiality.
Self-starter with the ability to work independently and efficiently.
Proven ability to prioritize competing demands.
Analytical writing skills.
Strong verbal and written communication.

Nice To Haves

CAMS certification preferred.
Experience with Banking as a Service (BaaS)

Responsibilities

In partnership with the BSA Officer, lead daily operations of the BSA/AML program, including transaction monitoring, investigations, high-risk reviews, and regulatory reporting.
Ensure timely and accurate filing of Suspicious Activity Reports (SARs), Currency Transaction Reports (CTRs), and other required submissions to FinCEN.
Ensure contractual agreements and policies clearly define the fintech’s responsibilities for BSA/AML, including cooperation for monitoring and testing.
Maintain and update compliance policies, procedures, and risk assessments in alignment with regulatory expectations.
Oversee optimization of BSA/AML/OFAC monitoring systems, ensuring customer risk rating, OFAC sensitivity, and alert scenarios are properly tuned and calibrated.
Oversee data validation processes and develop metrics to track performance across compliance functions.
Create and present management reports for monthly and quarterly committee meetings.
Manage alert reviews, case investigations, and quality control of SAR filings and other BSA functions.
Conduct periodic reviews to ensure accuracy, completeness, and regulatory adherence.
Lead annual and ad hoc risk assessments, including reviews of high-risk accounts and geographies, and fintech partners.
Support Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) processes on Fintech partners and for new and existing high-risk customers.
Serve as liaison for state and federal examinations, internal/external audits, and oversee remediation of compliance deficiencies.
Stay current on regulatory developments and manage responses to examinations and inquiries related to fintech partnerships.
Assist with coordination and response to regulatory inquiries and audit findings.
Provide guidance and training to bank personnel and branch staff on BSA/AML/OFAC matters.
Support the BSA Officer in departmental oversight and manage ad-hoc projects as assigned.