Title BANK SECRECY ACT OFFICER
Job Information

(Respond to: diane.katz@primesoftinc.com)

POSITION: BANK SECRECY ACT OFFICER

TYPE OF POSITION: FULL TIME SALARIED EMPLOYEE-HIRING IMMEDIATELY- (Sign on Bonus)

RESPONSIBILITIES:

Maintain responsibility for the Bank’s BSA/AML/OFAC Compliance Program.

  • Maintain, review and revise, as required, BSA/AML/OFAC policies and procedures to meet regulatory guidelines and expectations.
  • Maintain and update as necessary BSA/AML/OFAC Risk Assessment Review and investigate customer and account activity identified through BSA monitoring software, system reports and staff referrals for the identification of suspicious activity.
  • Complete suspicious activity investigations and, when required, prepare and file initial and follow-up SARs in a timely manner.
  • Prepare and file currency transaction reports in a complete and accurate manner within required time periods.
  • Monitor compliance with established CIP and EDD procedures to ensure processes are completed in accordance with Bank policy and regulatory expectations.
  • Perform periodic reviews on high risk customers to identify any unusual or suspicious activity.
  • Complete 314a information requests and, if necessary, complete follow-up reporting with FinCen.
  • Ensure that employee training relative to BSA and related regulations is completed annually.
  • Train Bank staff on BSA/AML/OFAC related policies and procedures to ensure compliance is maintained throughout the Bank.
  • Monitor compliance with established OFAC policies and procedures to ensure completion in accordance with Bank policy and regulatory expectations.
  • Ensure any OFAC matches are handled in accordance with OFAC regulations.
  • Prepare and present monthly BSA Status report to board of directors. Ensure that bank employees with specific BSA responsibilities are adequately trained to fulfill their BSA related responsibilities.
  • Act as intermediary between the Bank and the Judicial System. Coordinates and directs the collection and presentation of Bank records as required by the dictates of levies, subpoenas, etc.
  • Research compliance issues and problems and provides interpretations or clarifications. EDUCATION and EXPERIENCE:

Qualified candidates will have

  • At least two years of experience with Bank Secrecy Act and Anti Money Laundering compliance in a bank. He/she will also possess a strong working knowledge of US banking regulations. CAMS certification, or willingness to obtain, is required. A college degree with a focus in a business or finance related area is preferred. Experience with Fiserv Cleartouch and Fiserv FCRM – AML Manager Software is a plus.
  • DEPOSITION OPERATIONS COMPLIANCE EXPERIENCE A HUGE PLUS

Phone Number: 561-573-1581