Bank Secrecy Act (BSA) Officer Position Available In Madison, Alabama
Tallo's Job Summary: The Bank Secrecy Act (BSA) Officer at Nova Bank in Huntsville, AL earns an estimated $56.9K - $93.6K a year. Responsibilities include developing and administering BSA compliance programs, monitoring transactions, investigating suspicious activity, and training staff on regulatory requirements. Requirements include a Bachelor's degree, 3-5 years of BSA/AML/OFAC experience, and strong knowledge of financial regulations. Benefits include health, dental, vision insurance, 401(k) plan, and 20 days of Paid Time Off.
Job Description
Bank Secrecy Act (BSA) Officer Nova Bank – 3.4
Huntsville, AL Job Details Full-time Estimated:
$56.9K – $93.6K a year 1 day ago Benefits Health insurance Dental insurance Paid time off Vision insurance Qualifications Anti-money laundering Mid-level 3 years Finance CRCM Bachelor’s degree Business Bank Secrecy Act Certified Anti-Money Laundering Specialist Communication skills Banking Full Job Description The BSA Officer is responsible for developing, implementing, and administering all aspects of the Bank’s day-to-day operations of the Bank Secrecy Act compliance program.
Key Responsibilities:
Will report to the Chief Compliance Officer (CCO) Develop and implement an effective compliance program. Create internal controls and monitor bank adherence to all policies and procedures. Draft and revise compliance policies and procedures as required. Proactively audit processes, procedures, and document any identified weaknesses Assist the CCO in collaborating with external auditors and regulatory examiners. Provide education and training to employees on consumer compliance and other regulatory matters. Develop, monitor, and maintain the Bank’s
BSA/AML/OFAC
compliance program. Conduct risk assessments to identify potential money laundering and financial crime risks. Monitor customer transactions and generate alerts for suspicious activity. Investigate and file Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs) as required. Maintain records and ensure timely reporting in accordance with regulatory guidelines. Coordinate independent audits and regulatory exams; respond to findings and recommendations. Provide training to staff on
BSA/AML/OFAC
compliance requirements. Stay updated on changes to BSA/AML laws, regulations, and best practices. Serve as the bank’s primary contact for BSA-related issues and regulatory inquiries. Will prepare monthly and quarterly reports to the Board of Directors and the Compliance Committee. Requirements Bachelor’s degree in business, finance, criminal justice, or related field (or equivalent work experience). Minimum 3-5 years of experience in
BSA/AML/OFAC
in a banking environment. Strong knowledge of BSA, AML, OFAC, and other financial regulations. Excellent analytical, investigative, and communication skills. Experience with AML software and transaction monitoring systems. Certified Regulatory Compliance Manager (CRCM) or Certified Anti-Money Laundering Specialist (CAMS) professional designations preferred but not required. Benefits Medical, dental, and vision insurance along with other life-event benefits Participation in our 401(k) plan when available 20 days of Paid Time Off, in addition to customary bank holidays
