Job Summary:The BSA Manager assists the BSA Officer with the requirements of the Bank’s BSA Program including the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Office of Foreign Asset Control (OFAC) and Customer Identification Program (CIP).
Duties and Responsibilities:
Manage and redistribute alerts, cases and other tasks assigned to the BSA Analysts to ensure timely completion and a balanced workload.
Manage the Bank’s anti-money laundering software updates and support cases. Determine any procedural updates and the notification/training of the appropriate staff.
Prepare custom behavior threshold cases and review/approve cases submitted by the BSA Analysts.
Prepare Suspicious Activity Reports, Designations of Exempt Persons, 314(b) communications and any other regulatory required filings and review/approve regulatory filings submitted by the BSA Analysts.
In conjunction with the BSA Officer, analyze new, and changes to existing BSA related laws, regulations, guidance and emerging threats and trends. Disseminate information as appropriate.
Assist in the preparation of any periodic reports to Executive Management and the Board of Directors or appropriate committee.
Assist in the preparation of the Bank’s annual BSA/OFAC Risk Assessment and the OCC’s Money Laundering Risk Assessment.
Ensure accurate and timely resolution of alerts generated in the Bank’s anti-money laundering or sanctions scanning software.
Effectively manage the case management workflow to ensure all case determinations are documented thoroughly and in a timely manner.
Assist with the customer risk rating process, both systemically and manually.
Assist with the identification and monitoring of high-risk customers, including performing Enhanced Due Diligence.
Prepare and submit Currency Transaction Reports.
Provide quality and responsive support to all departments and branches (i.e.: telephone inquiries, etc.).
Update BSA/OFAC Program procedures and perform BSA/OFAC Program monitoring.
Participate in BSA/OFAC Program training.
Other projects and duties as assigned.
Qualification Requirements:
Education
Bachelor’s degree preferred or equivalent combination of experience and/or education
Work Experience
Strong knowledge and detailed understanding of BSA/AML/OFAC/CIP laws, regulations and related regulatory guidance laws. Supported by either 5 years’ experience or the CAMS certification (or equivalent professional certification)
License/Certification
ACAMS certification preferred but not required
Knowledge/Skills/Abilities
Strong communication (both written and oral) and analytical skills
Ability to complete tasks given in a timely/efficient manner in an organized and detailed manor
Ability to prioritize assignments and multi-task
Ability to work well in both independent and team-oriented environments
Ability to research and document problems, issues, or facts; formulate conclusions and recommend corrective actions.
Ability to manage complex AML/OFAC investigations while displaying strong analytical skills.
Strong interpersonal skills, including the ability to work well with all levels of management, staff, internal and external examiners
Work Environment/Physical Demands
Most of the work will be completed at the desk and communications through phone, email and in person.
Computer Skills/Equipment Used
General understanding of Excel, Microsoft Word, and other compliance related programs
Supervisory Responsibilities
In compliance with American with Disabilities Act (ADA), reasonable accommodations may be made to enable individuals with disabilities to perform the essential job duties of this position.
Seniority level
Executive
Employment type
Full-time
Job function
Business Development and Sales
Industries
Banking
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