1-833-937-7282
1-833-937-7282

BSA officer

Summary

At Security Bank and Trust Company, the Bank Secrecy Act (BSA) Officer is responsible for developing, implementing, and administering all aspects of the bank’s BSA compliance program. This includes ensuring compliance with the BSA, anti-money laundering (AML) regulations, and Office of Foreign Assets Control (OFAC) requirements. The BSA Officer will oversee the bank’s efforts to detect and prevent money laundering, terrorist financing, and other illicit activities.

Key Responsibilities

  • Develop, implement, and maintain the bank’s BSA/AML/OFAC compliance program.
  • Ensure the program is up-to-date with current regulations and industry best practices.
  • Create and revise BSA/AML/OFAC policies and procedures as needed.
  • Oversee transaction monitoring and suspicious activity reporting (SAR) processes.
  • Review and analyze transactions for potential money laundering and other suspicious activities.
  • File SARs with the Financial Crimes Enforcement Network (FinCEN) as required.
  • Regularly report the status of ongoing compliance with the BSA to the Board of Directors and senior management so that they can make informed decisions about existing risk exposure and the overall effectiveness of the bank’s compliance program.
  • Conduct and document annual BSA/AML/OFAC risk assessments.
  • Identify, assess, and mitigate risks related to money laundering and terrorist financing.
  • Develop and conduct BSA/AML/OFAC training programs for all bank employees.
  • Ensure that all bank employees understand their roles and responsibilities related to BSA compliance.
  • Provide bank staff with ongoing education and updates on regulatory changes and emerging trends/risks related to BSA/AML/OFAC.
  • Coordinate and prepare for BSA/AML/OFAC audits and regulatory examinations.
  • Respond to audit and examination findings, implement and monitor corrective actions, as necessary.
  • Work closely with other departments within the bank to ensure comprehensive BSA compliance.
  • Report on BSA/AML/OFAC activities to senior management and the Board of Directors.
  • Serve as a liaison with regulatory agencies and law enforcement for BSA-related requests.
  • Ensure proper record-keeping of all BSA/AML/OFAC activities and reports.
  • Maintain documentation of policies, procedures, and training materials.
  • Keep detailed records of all suspicious activity investigations and outcomes.

education and experience

  • Required: Bachelor’s degree in finance, law, business administration, or a related field
  • Minimum of 2 to 3 years’ banking experience

other skills

  • In-depth knowledge of BSA, AML, and OFAC regulations.
  • Strong analytical and investigative skills.
  • High attention to detail and accuracy.
  • Excellent communication and interpersonal skills.
  • Ability to manage multiple tasks and deadlines.
  • Proficiency in Verafin and Microsoft Office Suite.

Security Bank and Trust Company offers competitive compensation and full benefits including medical, dental, vision, health savings accounts, life insurance, short term disability, long term disability, and 401(k).

Please send all resumes to careers@securitybanktn.com

Security Bank and Trust Company is an Equal Opportunity/Affirmative Action Employer.

If you are an individual with disabilities who needs accommodation or you are having difficulty using our website to apply for employment, please contact Human Resources at 1-833-937-7282.