Position Summary:
We are seeking an experienced and highly motivated BSA Program Head to lead our compliance team. The ideal candidate will have 7-10 years of experience in Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) compliance within an OCC-regulated financial institution. This role is responsible for developing, implementing, and overseeing the institution’s BSA/AML/OFAC compliance program to ensure regulatory adherence and effective risk management.
Key Responsibilities:
- Oversee and maintain the BSA/AML/OFAC compliance program, ensuring full compliance with OCC regulations and federal guidelines.
- Act as the primary liaison with regulatory agencies, including OCC, FinCEN, and other governing bodies, managing examinations, audits, and inquiries.
- Identify and report suspicious activities, ensuring timely and accurate SAR filings.
- Conduct regular risk assessments and recommend improvements to policies and procedures.
- Provide strategic oversight of transaction monitoring systems, including system tuning, alert reviews, and escalations.
- Lead, mentor, and develop the BSA/AML compliance team, ensuring proper training and professional growth.
- Stay updated on emerging regulatory trends, rule changes, and enforcement actions impacting OCC-regulated institutions.
- Prepare and present executive reports on BSA/AML program effectiveness, risk exposure, and regulatory updates.
- Oversee independent audits and regulatory examinations, ensuring timely resolution of findings.
- Develop and implement BSA/AML/OFAC training programs for employees across the organization.
Qualifications:
- Bachelor’s degree in Finance, Business, Law, or a related field (Advanced degree preferred).
- 7-10 years of experience managing a BSA/AML compliance program within an OCC-regulated financial institution.
- Strong knowledge of OCC regulations, FinCEN requirements, USA PATRIOT Act, and OFAC sanctions.
- LLM or law degree a major plus
- FinTech and knowledge of financial payment systems such as wise, stripe or payoneer
- CAMS (Certified Anti-Money Laundering Specialist) certification preferred.
- Proven experience in regulatory exams and OCC interactions.
- Strong leadership, team management, and strategic planning abilities.
- Proficiency in BSA/AML monitoring systems and case management tools.
- Excellent analytical, organizational, and communication skills.
Benefits:
- Competitive salary & performance-based bonus.
- Comprehensive health, dental, and vision insurance.
- 401(k) plan with company match.
- Professional development & certification reimbursement.
- Generous PTO & holiday schedule.
This is an exciting leadership opportunity for a compliance expert ready to drive a strong BSA/AML program within an OCC-regulated institution.