BSA Compliance Officer: Risk Management Expert
5 days ago
Job Summary
The BSA Compliance Officer will play a critical role in developing, implementing, and administering the Bank's BSA/AML program to ensure compliance with relevant laws and regulations. This position requires strong analytical and problem-solving skills to identify, measure, and monitor BSA/AML risks.
Main Responsibilities:
- Maintain the Bank's BSA Department to ensure compliance with federal, state, and local laws and regulations.
- Develop, review, and update the Bank's BSA/AML Program, policies, and procedures to address changing regulations and laws.
- Perform annual BSA risk assessments and advise management on policy development, procedures, system controls, and training to mitigate identified risks.
- Conduct independent reviews of customer accounts to investigate suspicious or unusual activity for medium- and high-risk customers.
- Review automated system reports, other reports, and customer statements to detect unusual activities and submit Suspicious Activity Reports (SARs) as necessary.
- Ensure accurate completion and filing of 314(a) requests, Currency Transaction Reports (CTRs), and SARs.
- Develop, maintain, and coordinate a comprehensive BSA/AML training program, including record-keeping.
- Prepare and report significant developments related to BSA matters.
Requirements:
- A minimum of 5 years' experience in banking, with at least 3 years in the BSA area.
- Strong foundation in accounting rules, regulations, policies, and procedures within the financial services industry.
- Excellent analytical and problem-solving skills.
About GPAC:
GPAC is an award-winning search firm specializing in placing quality professionals across various industries in the United States. We are client-focused and committed to delivering tailored solutions that meet our clients' needs. Our team works diligently to understand each client's unique requirements and preferences to provide exceptional service.
EEO Statement:
GPAC is an equal opportunity employer. All qualified applicants will receive consideration without regard to race, age, color, sex (including pregnancy), religion, national origin, disability, sexual orientation, gender identity, marital status, military status, genetic information, or any other protected characteristic.
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