FVP – SVP BSA Officer

Location:  Los Angeles, CA
Job Code:  MEG13

This position is responsible for the direct management of the department. Knowledge of bank operations is necessary to provide management and guidance. This position conducts daily research and analysis of bank wide customer new account and transaction activity across all business lines to determine suspicious activity and files Suspicious Activity Reports (SARs) as needed. Also, responsible for performing & suspicious activity investigation & anti-laundering enhanced due diligence. This includes BSA (Bank Secrecy Act), OFAC (Office of Foreign Assets Control), and CIP (Customer Identification Program). This position is also responsible to directly report to the Board and Senior Management on any BSA related matters within the bank, issues, and changes/updates to regulations.

POSITION RESPONSIBILITIES:

• Oversees all aspects of the corporate-wide Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) programs
• Review laws and regulations that impact the bank compliance requirements
• Analyzes account transactions utilizing the BSA tracking software and data processing system
• Prepares BSA package for Management Committee meeting
• Provides branch and customer support on inquiries on day-to-day issues related to Ops Admin and BSA
• Analyzes complex transactions in identification of suspicious account activity
• Responsible for providing training to all investigators in order to comply with regulatory requirements and changes in law
• Responsible for establishing, implementing and ensuring that BSA training is delivered for all bank employees and the Board of Directors
• Ensures that all deadlines are met as required by law
• Reviews account related legal documents as necessary
• Reviews various reports to identify transaction patterns
• Analyzes account data to determine the level of risk associated with each account and recommending a risk rating.
• Maintains BSA and OFAC risk Assessments
• Ensures effective programs are in place for CDD, KYC, AML, OFAC, Transaction monitoring, CTR’s, Suspicious Activity monitoring and reporting
• Investigating possible suspicious activities and filing SAR’s as necessary
• Ensure BSA/OFAC related policies and procedures are current and complete
• Analyze transactions to determine if they are suspicious in nature and take appropriate action and maintain proper documentation
• Responsible for OFAC and required annual reporting to OFAC
• Responsible for FinCEN 314(a) list search request
• Responsible for FinCEN 314(b) request/response
• Prepares SARs/CTRs filed report to the Board of Directors
• Reviews and tracks CTRs for properly filing
• Comply fully with all Bank policies and procedures as well as all regulatory requirements (e.g. Bank Secrecy Act, Anti Money Laundering, Code of Conduct, and etc.). Must complete all required training

SKILLS / QUALIFICATIONS:  

Maintain high standards of confidentiality and security.  Must possess good computer, written and oral communication skill.  Well-organized, analytical and capable of performing multiple tasks.  Ability to prioritize and use a sound judgment is required.  BSA/AML or branch operations experience highly preferred.  Ability to time management skills.

EDUCATION / EXPERIENCE:

• Bachelor’s degree from accredited 4-year University required. Master’s degree desired
• Minimum of 7 years’ experience in a Financial Institution dealing with Compliance/BSA and/or audit experience
• BSA/AML or branch operations experience highly preferred

Estimated salary range: (DOE) $140K to $180K, (possibly higher base) plus annual bonus & possible signing bonus, medical, dental, vision, life, vacation, 401K

Email your resume in MS/Word to Guyot@Bankers-Search.com

 Or contact Keith Guyot at (310) 823-1400