BSA OFFICER
The Bank Secrecy Act (BSA) Officer is a strategic, executive, leadership role responsible for coordinating the development, implementation and administration of all aspects of the Bank Secrecy Act (BSA) Compliance Program. This includes monitoring compliance with state and federal Bank Secrecy Act (BSA) , USA PATRIOT Act, Anti-Money Laundering (AML), and Office of Foreign Assets Control(OFAC) laws and regulations. This position is also responsible for the Bank’s Physical Security program, and assists the President with operational duties as assigned.
Responsibilities:
- Automated transaction monitoring and review of alerts using ABRIGO system, as well as some manual monitoring of higher risk accounts.
- Timely filing of CTRs and SARs.
- Writing and updating the institution’s BSA/AML/OFAC risk assessments.
- Writing and updating the institution’s BSA/AML policies and procedures, and implementing and ensuring that all policies and procedures are in place and are being followed.
- Reporting of BSA/AML activity to the Board of Directors.
- Identifying gaps in existing high risk client documentation and working directly with clients to ensure the institution’s Customer Due Diligence and Enhanced Due Diligence requirements are satisfied.
- Managing ongoing high risk client relationships including periodic onsite visits of high risk customers.
- Periodic creation and presentation of BSA/AML training to employees.
- Maintain a thorough understanding of the institution’s BSA/AML/OFAC requirements in general, and also requirements pertaining to certain high risk industries.
- Develop and maintain the Bank’s Physical Security Program.
- Coordinate building maintenance and repairs for all bank locations.
- Participate in Management Committees as assigned by the President.
- Other duties as assigned.
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Position: |
BSA OFFICER |
| Organization: |
Logan Bank & Trust Company |
| Location: |
Logan, WV
United States
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| Salary: |
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| Posting Start Date: |
2/5/2024 |
| Date Posted: |
2/6/2024 |
| Requirements |
- Bachelor’s Degree from a four-year university or college is preferred or equivalent combination of experience and training. Degree in Business Administration, Accounting, or Finance preferred.
- Knowledge of federal and state Bank Secrecy Act (BSA) , USA PATRIOT Act, Anti-Money Laundering (AML), and Office of Foreign Assets Control(OFAC) laws and regulations
- Experience in managing Bank Secrecy Act (BSA) , USA PATRIOT Act, Anti-Money Laundering (AML), and Office of Foreign Assets Control(OFAC) programs preferred.
- The ability to communicate, both written and oral at an effective level, is required.
- Basic understanding and use of computer software, such as Excel, Word and E-mail is a prerequisite.
The requirements listed in this document are the minimum levels of knowledge, skills, or abilities. This document does not create an employment contract, implied or otherwise, other than an “at will” relationship. It is the policy of Logan Bank and Trust to take affirmative action in equal employment opportunities to all qualified persons without regard to race, color, religion, sex, national origin, age, marital status, genetic information, disability, or protected veteran status. Employment is contingent upon completing and passing a background check and drug test.
APPLY HERE:
https://www.indeed.com/job/bsa-officer-66ab7d857910e361
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| Status: |
This listing expires on: 2/5/2025 |
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