BSA/AML Officer

Job Summary and Scope of Responsibility: Develop, implement, and administer the Bank Secrecy Act/Anti-Money Laundering/Countering the Financing of Terrorism (BSA/AML/CFT) and Office of Foreign Assets Control (OFAC) compliance programs and related activities. Ensure compliance with applicable state and federal laws, including USA Patriot Act, FinCen, FFIEC, FDIC, and California DFPI regulations. Supervise, train, direct, and lead the activities of BSA/AML/CFT compliance support staff, as applicable.

Essential Functions: With or without reasonable accommodation must be able to perform all essential job functions as described below.

• Develop, manage, and enhance the Bank's BSA/AML and OFAC compliance programs. Recommend, maintain and coordinate the enforcement of applicable policies, procedures and controls.
• Oversee enterprise-wide activities and customer transactions to ensure compliance with BSA/AML/CFT regulations, identify deviations from internal policies and procedures, and detect potential fraudulent or suspicious activity. Document findings and facilitate appropriate responses.
• Schedule and supervise the day-to-day, routine activities and performance of the assigned support staff. Includes performance of or recommendations relating to training, coaching, time-keeping and performance management.
• Oversee and review system-generated alerts and customer activity monitoring processes.
• Conduct in-depth risk assessments and enhanced due diligence on high-risk customers involved in ACH and Remote Deposit Capture (RDC) to ensure compliance and mitigate exposure to financial and operational risks.
• Identify and monitor high-risk customers, exempt customers and money service businesses (MSBs) in accordance with Enhanced due diligence (EDD) procedures and best practices.
• Manage the CTR, PSAR, SARs and elder abuse incident reports and activities. Ensure timely and accurate filing of said reports.
• Develop, communicate, and ensure compliance with recordkeeping and retention requirements.
• Review and audit various security related reports and alerts generated through the BSA software solution (including employee access) and other information specification change reports to ensure access and/or changes are accurate and properly authorized.
• Assist with 314(a) record searches using BSA software solution and run check against Bank database for positive OFAC hits.
• Coordinate with the enterprise vendor management program to evaluate and monitor third-party vendors and fintech partners for BSA/AML/CFT compliance risks, ensuring appropriate due diligence, risk classification, and ongoing oversight in accordance with established policies and procedures.

Minimum Qualifications to Perform Essential Functions
Knowledge, Skills and Abilities:

• Knowledge of BSA/AML/CFT regulations, policies, procedures and functions.
• Effective supervisory skills.
• Ability to independently schedule and manage critical functions.
• Aptitude for detail, accuracy and organization.
• Aptitude for research and analysis.
• Professional inter-personal and verbal communication skills.
• Good judgment and decision-making skills.
• Professional business writing skills.
• Ability to perform essential job functions under minimal supervision.
• Computer proficiency, including internet and Microsoft Office Suite products.
• Proficiency at speaking, reading and writing English.

Experience and/or Education:

• Three years of progressively responsible compliance-related experience.
• Seven years of bank operations experience.
• Ability to prepare enterprise-wide risk assessments measuring business goals and overall risk to bank to include operational risk, preferred.

Excellent benefits package for eligible employees and their families. Competitive salary BOE in the range of $82,000 - $124,000 Annually.

Equal Employment Opportunity Employer/Veterans/Disabled.