BSA Officer

BSA Officer

The Bank Secrecy Act and Anti-Money Lauding Officer is responsible for ensuring the policies and procedures of Plains Commerce Bank comply with the appropriate laws and regulations. Analyzes new and pending laws and regulations that could directly affect the Bank’s current practices. Develops and revises current policies procedures to ensure compliance. To prevent fraud loss to the Bank. Ensures all affected areas of the Bank are kept informed of changing laws, regulations, and procedures for implementation to be completed at the appropriate time.

Qualities of a successful candidate include:

• Bachelor of Science Degree, preferably with a business major or an advanced degree in a related field is required.
• 5+ years of prior financial institution BSA compliance experience in developing and implementing BSA/AML/OFAC policies, programs, and procedures.
• Accreditation in CAMS, CRCM or related certification preferred.
• Knowledge of bank regulatory compliance policies and procedures, legal requirements and controls.
• Ability to read and interpret Federal regulations including the Bank Secrecy Act.
• Strong analytical research, and problem-solving skills with attention to detail and accuracy.
• Effective communication and interpersonal skills.
• Work collaboratively in a team environment.
• General PC knowledge to include MS Word, Excel and the internet is required.
• Maintain a high level of confidentiality and ethical standards.
• FCRM experience is preferred.
• Knowledge of trust and/or digital currency is a plus.

Responsibilities of this position include (but not limited to):

• Establish and maintain appropriate Suspicious Activity investigation, review and reporting processes that promote consistent decisions; adequate investigation and research; and incomplete detail documentation.
• Monitors the Monetary Instrument Report.
• Responsible for updates and revisions to BSA/AML/OFAC and FACT Act policies and procedures.
• Conduct BSA/AML/OFAC and FACT Act risk assessments annually or as needed with consideration to products, services, customers, and geographies that may present BSA/AML/OFAC related risks.
• Responsible for ensuring all required regulatory reporting is conducted in a timely, accurate, and compliant manner, including filing of Currency Transaction Reports (CTRs) and Suspicious Activity Reports (SARs) to FinCEN, as well as FinCEN 314(a) procedures and reporting.
• Point of contact for BSA examinations and internal/external audits of BSA/AML/OFAC and FACT Act compliance program.
• Establish and maintain an effective CDD/EDD risk rating and monitoring program to include initial and ongoing assessments, and review and analysis of unusual/suspicious account activity.

We offer a competitive benefits package that includes Medical, Dental and Vision; FSA or Dependent Care; Supplemental Accident, Hospital, or Critical Illness Plans; Employer paid Life Insurance, Short Term Disability, and Long-Term Disability; and Additional Voluntary Life Insurance Options. Paid Vacation, Sick and Volunteer leave; 401K and Profit Sharing.

Compensation for positions is based on the specific position and may be paid in the form of an hourly wage, overtime, a semi-monthly salary, commissions, or a combination of them. Depending on the specific position, some may be paid solely on commissions or others may include a bonus structure. As part of our employee benefits package, we offer exclusive perks such as discounted rates on banking and mortgage services, fee waivers, and access to special financial products. These benefits are designed to support your financial well-being as a valued member of our team.

Plains Commerce Bank is an Affirmative Action/Equal Opportunity Employer committed to providing equal employment opportunity without regard to an individual’s race, religion, color, gender, national origin, ancestry, age, sexual orientation, disability, or veteran status.