Bank Secrecy Act (BSA) Officer

Bank Secrecy Act (BSA) Officer Lexicon Bank Las Vegas, NV Job Details Full-time 1 day ago Benefits Health insurance Dental insurance 401(k) Paid time off Vision insurance Qualifications Teamwork Regulatory compliance Criminal Justice Attention to detail Training & development Training delivery Full Job Description

JOB TITLE

Bank Secrecy Act (BSA) Officer

DEPARTMENT

Risk

REPORTS TO

Chief Risk or Compliance Officer and Indirectly to the Board of Directors

FLSA STATUS

Exempt

JOB SUMMARY

The BSA Officer ("BSAO") is responsible for the development, implementation, and independent administration of the Bank's Bank Secrecy Act (BSA), Anti-Money Laundering (AML), and Office of Foreign Assets Control (OFAC) compliance programs. The BSAO has the authority and autonomy necessary to ensure these programs are reasonably designed to achieve and maintain compliance with all applicable laws, regulations, and regulatory expectations, including those established by FinCEN, the FDIC, and applicable state authorities. This role includes proactive identification, monitoring, and mitigation of financial crime risks, with particular oversight of high-risk customers, accounts, and products. The BSAO reports regularly to senior management and the Board of Directors (or a designated committee) and has unrestricted access to all Bank records and systems necessary to fulfill these responsibilities.

DIRECTLY SUPERVISES

Directly supervises BSA/AML personnel and may provide oversight or coordination with broader compliance functions. Responsible for ensuring appropriate staffing levels, expertise, and resources to effectively administer the Bank's BSA/AML program. Program Oversight & Compliance

• Administer and maintain the Bank's

BSA/AML/OFAC

compliance program in accordance with regulatory expectations.

• Develop, update, and enforce policies, procedures, and internal controls.

Monitor and implement changes in applicable laws, regulations, and regulatory guidance. Maintain the enterprise-wide BSA/AML risk assessment at least annually (and more frequently as risk conditions change). Establish and maintain key risk indicators (KRIs) and key performance indicators (KPIs) to measure program effectiveness.

• Ensure compliance with Customer Identification Program (CIP) requirements, Customer Due Diligence (CDD), and Beneficial Ownership requirements.
• Serve as the primary point of contact for regulators and examiners regarding BSA/AML matters.
• Prepare and deliver reports to senior management and the Board on program effectiveness, risk exposure, trends, and material issues.

Promote a culture of compliance and risk awareness while supporting responsible business growth.

OFAC COMPLIANCE

Oversee the Bank's sanctions compliance program in accordance with Office of Foreign Assets Control (OFAC) requirements. Ensure effective customer and transaction screening processes are in place and operating as intended. Oversee investigation, escalation, and resolution of potential sanctions matches. Maintain policies and procedures to support ongoing compliance with applicable sanctions programs. High-Risk Customer & Product Oversight

• Establish and maintain a robust framework for identifying, risk-rating, and monitoring high-risk customers and accounts, including but not limited to: o Money Services Businesses (MSBs) o Social/Sweepstakes Businesses o Non-resident aliens and foreign entities o Politically Exposed Persons (PEPs) o Cash-intensive businesses o Gaming-related businesses and affiliates
• Ensure enhanced due diligence (EDD) procedures are properly implemented and documented.
• Oversee periodic reviews and ongoing monitoring of high-risk relationships, including escalation of material changes in risk.
• Evaluate and mitigate risks associated with high-risk products and services, such as: o Remote deposit capture o International wire transfers o Trust Accounts o Digital/payment platforms
• Partner with business units to ensure risk is assessed and appropriate controls are in place when introducing new products or modifying existing products. Transaction Monitoring & Investigations
• Oversee transaction monitoring systems to ensure timely detection of potentially suspicious activity.
• Ensure monitoring and sanctions filtering systems are appropriately designed, tuned, and updated based on risk.
• Review and approve Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs).
• Ensure investigations are thorough, well-documented, and completed within regulatory timeframes.
• Identify emerging risks, trends and typologies, with particular attention to high-risk segments. Risk Assessment & Reporting
• Lead enterprise-wide BSA/AML risk assessments, with emphasis on high-risk customer segments and product lines.
• Recommend risk mitigation strategies and control enhancements.
• Provide regular reporting to executive management and the Board including: o High-risk account exposure o Emerging risks o Compliance metrics and issues and remediation status
• Present formal BSA/AML program updates to the Board at least quarterly.
• Escalate significant compliance issues, suspicious activity trends, or regulatory concerns in a timely manner. Training & Advisory
• Develop and deliver BSA/AML training programs tailored to role-based responsibilities, including specialized training for teams supporting higher risk clients and products.
• Serve as a subject matter expert and advisor to internal stakeholders on BSA/AML risk and compliance matters. Audit & Regulatory Support
• Coordinate internal and external audits and regulatory examinations.
• Ensure timely remediation of audit and examination findings, with particular focus on higher-risk areas.
• Maintain documentation to demonstrate compliance and effective risk management.
• Track and report the status of audit and examination findings through resolution.

EDUCATION/EXPERIENCE

Bachelor's degree in Finance, Business, Criminal Justice, or related field (or equivalent experience). Minimum of 5-10 years BSA/AML compliance experience, preferably within a banking environment. CAMS, CFE, or similar certification strongly preferred. Demonstrated experience managing high-risk customer portfolios and complex product risks.

QUALIFICATIONS

• Deep understanding of BSA/AML regulations, including FinCEN guidance and FFIEC examination procedures.
• Strong analytical and investigative skills.
• Experience with transaction monitoring systems and case management tools.
• Ability to assess and manage risk across diverse products and customer types.
• Excellent communication skills, with the ability to present to senior leadership and regulators.
• High level of integrity, judgment, and attention to detail.

WORK ENVIRONMENT

This role is performed primarily indoors in an environmentally controlled setting. The position may involve occasional exposure to sounds and noise levels that can be distracting. Work is conducted in close physical proximity to others, requiring frequent collaboration and communication. Essential functions may require extended periods of sitting at a computer, as well as occasional standing, walking, or travel to meetings, client visits, or events. The role also requires regular use of computers, including prolonged screen time for research, data analysis, and reporting.

DISCLAIMER

This job description is not intended to be an exhaustive list of all responsibilities, skills, duties, requirements, efforts, or working conditions associated with the position. It is intended to reflect the general nature of the work currently performed. Management reserves the right to revise the job description or to assign additional or different tasks as necessary due to business needs, emergencies, changes in personnel, workload, or technological developments. Nothing in this description alters the at-will nature of employment. Team Member Acknowledgement I have received, reviewed, and understand my position responsibilities and the essential functions of the position. I understand that my work schedule, job responsibilities, work environment, knowledge, skills, and abilities may be amended based on business need and management discretion. I understand that employment is at-will. This means that employment may be terminated for any or no reason, with or without cause or notice, at any time by the team member or the employer. Nothing in this or in any other document or oral statement shall limit the right to terminate employment at will. No supervisor or manager has any authority to enter a contract of employment -- express or implied -- with any team member. This policy of at-will employment may be revised, deleted, or superseded only by a written employment agreement signed by the President & CEO, which expressly revises, modifies, deletes, or supersedes the policy of at will employment. Unless employment is covered by such a written employment agreement signed by the President & CEO, this policy of at-will employment is the sole and entire agreement between the team member and the employer as to the duration of employment and the circumstances under which employment may be terminated. Except for employment at-will, terms and conditions of employment with the employer may be modified at the sole discretion of the employer with or without cause or notice at any time. No implied contract concerning any employment-related decision or term, or condition of employment can be established by any other statement, conduct, policy, or practice, nor does any arise from the terms or conditions set forth in this document.

Benefits:

401(k) Dental insurance Health insurance Paid time off Vision insurance

Work Location:

In person