BSA/AML Compliance Officer

New York, NY



  • Coordinates and oversees an effective Bank Secrecy Act/Anti-Money Laundering/OFAC Compliance Program that is in compliance with current industry best practices, regulatory guidance and requirements.
  • Develops, implements, administers and enhances the BSA/AML/OFAC/USA Patriot Act monitoring systems to ensure that appropriate parameters are in place to identify suspicious and/or fraudulent activity.
  • Establishes and maintains an effective CDD/EDD risk rating and monitoring program to include initial and ongoing assessments, and reviews and analyzes unusual account activity.
  • Establishes and maintains appropriate SAR investigation, reviews and reports processes that promote consistent decisions; adequate investigation and research; and completes detailed documentation.
  • Conducts BSA/AML/OFAC risk assessments at least annually with consideration to products, services, members and geographies that may present BSA/AML/OFAC related risks.
  • Acts as a liaison/contact for examinations, internal audit and external audits of the BSA/AML compliance programs. Responds to exams and audit concerns and oversees corrective action of all related compliance deficiencies.
  • Updates and revises BSA/AML/OFAC and all other compliance policies and procedures.
  • Administers BSA/AML/OFAC related training programs for directors, management and employees and provides BSA guidance and coaching to employees.
  • Maintains BSA/AML related monitoring and reporting systems. Serves as subject matter expert in all systems related to BSA/AML activities.
  • Monitors and analyzes developing industry and compliance trends and changes to laws and regulations pertaining to BSA/AML/OFAC/USA Patriot Act. Advises stakeholders of emerging risks, new or amended laws, regulations, or agency guidance and recommends and implements changes and controls to mitigate those risks.
  • Ensures all required regulatory reporting is conducted in a timely, accurate, and compliant manner.
  • Ensures staff completes required CTRs by comparing system generated reports to CTRs submitted. Coordinates completion of missing reports with staff and management.
  • Maintains in-depth knowledge of and complies with all Federal, departmental and security policies and procedures as well as federal regulations applicable to the position, including BSA requirements. Completes all required compliance training as assigned.




  • Bachelor’s degree preferred.
  • Requires 10+ years banking experience.
  • Thorough knowledge of key banking regulations.
  • Ability to effectively present information to management, public groups and/or Boards of Directors.






Note: Qualified candidates will be contacted within 2 business days of application. If an applicant does not meet the above criteria, we will keep your resume on file for future opportunities and may contact you for further discussion.

Date Posted 10/1/2020
Salary $100,000 - $120,000 + bonus

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