Job Description

Institution : Bank

Role : BSA Officer

Location : Kansas City, KS

Salary : 80,000 - $90,000

Role: Reporting to the Bank President and the Board, this individual will be responsible for developing, implementing and administering all aspects of the Bank Secrecy Act Compliance Program by performing various quality control reviews and monitoring in the area of Bank Secrecy Act (BSA), USA Patriot Act, Anti-Money Laundering (AML), OFAC, and CIP compliance.

Responsibilities:

Program Management:

• Develop, implement, and maintain the BSA/AML program, policies, procedures, and internal controls.
• Ensure compliance with BSA, USA PATRIOT Act, OFAC, and related regulations.
• Stay informed of changes in regulations and guidelines.

Risk Assessment:

• Conduct risk assessments to identify and mitigate potential BSA/AML risks.
• Oversee risk-based transaction limits and testing for compliance.

Monitoring & Reporting:

• Monitor and analyze transactions for suspicious activity, including utilizing AML software.
• Prepare and submit Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs) to the appropriate authorities.
• Manage FinCEN 314(a) and 314(b) procedures and reporting.
• Provide regular reports to the board and management on the BSA/AML program status.

Customer Due Diligence (CDD) & Enhanced Due Diligence (EDD):

• Maintain an effective CDD/EDD program for risk rating and monitoring customer accounts.
• Ensure proper customer onboarding and ongoing monitoring for compliance.

Training & Communication:

• Provide BSA/AML training to staff, management, and the board.
• Communicate effectively with internal and external stakeholders, including regulators.

Audits & Examinations:

• Serve as the primary contact for BSA/AML audits and regulatory examinations.
• Manage audit findings and corrective action plans.

C&D (Cease & Desist) Experience:

• Experience in responding to and managing regulatory enforcement actions, specifically Cease and Desist Orders (C&Ds) issued by regulatory agencies.
• Understanding of the processes and procedures involved in addressing regulatory findings and implementing corrective actions to ensure compliance.
• Ability to work closely with the Compliance Committee and senior management to ensure timely and effective remediation of identified issues.
• Knowledge of the timelines and reporting requirements outlined in C&D orders.

Requirements:

• Hold a a bachelor's degree in a relevant field or equivalent experience (5 years’ +), plus a CAMS certification.
• 5+ years in BSA/AML compliance, in a Financial Services setting.
• To have a strong understanding of federal banking regulations and the BSA, analytical skills to identify risks, excellent communication and interpersonal abilities, and strong organizational and problem-solving capabilities.
• Experience in managing responses to regulatory enforcement actions, such as Cease and Desist Orders, is valuable.
• People management experience is preferred.
• Ability to work onsite 5 days per week is preferred.

If you are interested in this opportunity, please send an updated resume to matt@wayoh.co

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