Bank Secrecy Act (BSA) Officer

$75,000 - $110,000/Yr

InBank - Greenwood Village, CO

Full-time - Mid Level

Greenwood Village, CO

Credit Intermediation and Related Activities

About the position

The Bank Secrecy Act (BSA) Officer is responsible for developing, implementing, and administering all aspects of the bank's Bank Secrecy Act, including the USA PATRIOT Act, regulations issued by the Office of Foreign Assets Control (OFAC) and any other anti-money laundering (AML) laws and regulations. This position ensures compliance with federal and state regulations and acts as primary liaison to all departments and branches for all BSA functions, including but not limited to Currency Transaction Reports (CTRs), potential Suspicious Activity Reports (SARs), OFAC, and Financial Crimes Enforcement Network (FinCEN) monitoring and reporting to the Company's Board of Directors, and for Internal Audit as well as regulatory examinations. This is not a remote position, only local candidates will be considered.

Responsibilities

• Develop, implement, and maintain a robust BSA/AML/OFAC compliance program.
• Monitor changes to BSA/AML regulations and update policies and procedures accordingly.
• Manage the bank's BSA/AML transaction monitoring system to detect suspicious activity.
• Establish and adjust rules and thresholds for transaction monitoring based on risk assessments and emerging trends.
• Perform periodic tuning and validation of the monitoring system to ensure effectiveness.
• Review and investigate alerts for potentially suspicious activity, ensuring proper documentation and escalation.
• File Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs) accurately and timely.
• Conduct periodic risk assessments of the bank's BSA/AML program.
• Oversee the monitoring and analysis of suspicious activity reports (SARs) and currency transaction reports (CTRs).
• Develop and deliver ongoing BSA/AML and OFAC training programs for employees and management.
• Prepare and present BSA/AML compliance reports to the Board of Directors and senior management.
• Supervise and mentor compliance team members.

Requirements

• Bachelor's degree in related field or the equivalent combination of training, education and experience.
• Minimum 5 Years work experience in BSA/AML compliance, preferably within a banking environment.
• 3+ years of supervisory experience.
• CAMS (Certified Anti-Money Laundering Specialist) certification preferred.
• Proficient with Microsoft Office Suite.
• Team player with highly effective interpersonal skills.
• Excellent communication and interpersonal skills, with the ability to interact effectively with regulators, auditors, and staff at all levels.
• Ability to work independently on multiple issues concurrently and to exercise independent judgment in establishing priorities.
• Ability to organize work, make sound decisions and exercise good judgment.
• Ability to think strategically and advocate a proposed course of action while remaining flexible as circumstances change.
• Ability to perform effectively in fast-paced environment with short deadlines and changing priorities.
• Strong analytical, organizational, and problem-solving skills.

Nice-to-haves

• Extensive knowledge of applicable BSA/AML/OFAC laws, regulations, and guidelines.
• Experience managing and optimizing BSA/AML transaction monitoring systems.

Benefits

• Medical, Dental, Vision insurance.
• Disability insurance.
• Employee assistance program.
• Flexible spending account.
• Health savings account.
• Life insurance.
• Paid Time Off: Vacation and sick leave, as well as paid Bank Holidays.
• 401(k): Company match begins with the first contribution and follows the company vesting schedule.
• Access to career training and development opportunities.
• Employee discounts.