Assistant BSA Compliance Officer

About the role

• The Assistant BSA Compliance Officer ensures that the Bank’s BSA program meets regulatory requirements while enhancing organizational performance.  Responsible for the development, implementation, and on-going refinement of strategies for effective compliance. 

Essential Duties & Responsibilities

• Review daily Large Cash Transaction Reports to ensure accurate completion of Currency Transaction Reports (CTRs), timely submission via BSA e-filing, and proper documentation retention.
• Analyze and resolve potential OFAC matches identified through nightly screening processes.
• Provide research and analytical support to the BSA Officer.
• Assist in the development, implementation, and maintenance of BSA, AML, and OFAC policies and procedures across all branches.
• Performs additional compliance testing and support as needed.
• Review and investigate AML alerts to assess risk and ensure appropriate action is taken.
• Support audit preparation activities in collaboration with the BSA Officer.
• Scan and archive reports into Synergy document management system.
• Participate in ongoing training and professional development to remain current with regulatory requirements and job responsibilities.
• Contribute to special projects as assigned.
• Perform other duties as directed by the BSA Officer.

Qualifications

• Minimum of an Associate degree; Bachelor’s degree preferred.
• 1–2 years of prior experience in Bank Secrecy Act (BSA) compliance or banking operations preferred.
• Demonstrated working knowledge of banking industry regulations and servicing guidelines.
• Strong understanding of BSA/AML regulations, including the Office of Foreign Assets Control (OFAC) and the USA PATRIOT Act.
• Familiarity with the organization’s operating systems or a demonstrated willingness to learn.
• Excellent analytical, investigative, and decision-making skills with a high level of accuracy and attention to detail.
• Strong written and verbal communication skills, with effective organizational and time management abilities.
• Proven ability to work independently, take initiative, conduct research, and resolve problems.
• Ability to manage multiple priorities, meet deadlines, follow through on assignments, and maintain thorough documentation.
• Proficiency in Microsoft Office Suite.
• Proficient in Microsoft Office applications including Word, Excel, Outlook, and Teams.
• Verafin experience preferred.

Knowledge, Skills & Abilities

• Excellent communication skills, both written and oral.
• Proficient with or the ability to quickly learn the applications, hardware, and software used in the Bank.
• Ability to work with minimal supervision while performing duties.
• Excellent analytical and problem-solving skills.
• Ability to maintain confidentiality.

Environment & Physical Activity

• Fast-paced banking/business office environment with standard office temperature, moderate noise from computer(s), printer(s), telephone, fax, copier, scanner and other office equipment, and median traffic.
• Ability to walk, sit, stoop, kneel, reach, lift (up to 20 pounds), and stand for various lengths of time and meet other physical demands required to perform the job.
• Ability to operate and use a computer, printer, telephone, fax, copier, scanner, other office equipment and tools needed and used to perform this job.