BSA/AML Officer

BSA/AML Officer City First Bank N.A. Los Angeles, CA Job Details 3 hours ago Qualifications Compliance risk assessment Transaction monitoring 7 years Phone communication Bachelor's degree in finance Regulatory compliance Regulatory reporting Bachelor's degree in business Compliance audits & assessments Data reporting Research Risk mitigation strategy implementation Compliance management implementation Finance Supervising experience Policy & process development Bachelor's degree Economic sanctions regulations Bank experience Anti-Money Laundering (AML) compliance (compliance procedures implemented) Decision making Accounting Training & development Bachelor's degree in accounting Senior level Business Accounting Communication skills Anti-money laundering investigation Overseeing training

Full Job Description Description:

WHO WE ARE

City First Bank N.A. is a mission-driven Community Development Financial Institution (CDFI) principally focused on a transformative impact in underserved, urban markets with the highest needs to drive equitable economic development. Our credit activities are purely commercial and focused on the following segments: Multifamily Affordable Housing, Not-for-Profit Finance, and Small Business Finance. As a depository and commercial lending provider with over $1.3 billion in bank assets as of December 31, 2024, our unified organization has over 100 employees in Washington DC and Los Angeles/Inglewood, CA.

ROLE SUMMARY

Appointed by the Board of Directors with the authority to originate and enforce BSA (Bank Secrecy Act) policy, The BSA Officer is responsible for developing, implementing, administering, and maintaining all aspects of the BSA/Anti-Money Laundering Compliance Program which will be designed to ensure a high level of compliance with BSA/AML related laws and regulations, internal policies and procedures and Federal regulatory expectations. This position requires you to be fully knowledgeable and skilled in all areas of BSA/AML Compliance and be able to independently recognize, develop, and implement cost effective compliance related solutions for the BSA/AML program. The BSA Officer also serves as the company's OFAC Officer.

ESSENTIAL FUNCTIONS AND RESPONSIBILITIES

Coordinate and oversee an effective Bank Secrecy Act/Anti-Money Laundering/OFAC Compliance Program that is in line with current industry best practices, regulatory guidance, and requirements. Enhance, develop, implement, and administer the

BSA/AML/OFAC/USA

Patriot Act monitoring systems to ensure that appropriate parameters are in place to identify suspicious and/or fraudulent activity. Establish and maintain an effective CDD/EDD risk rating and monitoring program to include initial and ongoing assessments, and review and analysis of unusual/suspicious account activity. Establish and maintain appropriate SAR investigation, review and reporting processes that promote consistent decisions; adequate investigation and research; and complete and detailed documentation. Conduct

BSA/AML/OFAC

risk assessments annually or as needed with consideration to products, services, customers, and geographies that may present

BSA/AML/OFAC

related risks. Annually collect and report data required for the OCC Money Laundering Reporting System. Responsible for ensuring all required regulatory reporting is conducted in a timely, accurate, and compliant manner, including the filing of Currency Transaction Reports (CTRs) and Suspicious Activity Reports (SARs) to FinCEN, as well as FinCEN 314(a) and 314(b) procedures and reporting. Act as liaison/contact for Federal and State examinations and internal and external independent reviews or audits of the

BSA/AML/OFAC

compliance programs. Participate in response to exam and audit concerns and oversee corrective action of all related compliance deficiencies or violations. Responsible for updates and revisions to

BSA/AML/OFAC

policies and procedures and preparation of monthly BSA statistics for the Board of Directors. Assist the Training manager with administration of

BSA/AML/OFAC

related training programs to Directors, Management, and Employees and provides BSA guidance and coaching to employees. Stay abreast of and analyze developing industry and compliance trends, scams or schemes, and changes to laws and regulations pertaining to

BSA/AML/OFAC/USA

Patriot Act. Advise Compliance Officer of emerging risks, new or amended laws, regulations, or agency guidance and recommend and implement changes and controls to mitigate those risks.

Requirements:

EDUCATION & EXPERIENCE

Required Education/Experience:

4-year College Degree required in Accounting, Business, Finance, or related field. 7+ years' experience in the banking/financial services industry. 3+ years serving as a BSA/AML Officer within the BSA department.

CERTIFICATIONS BSA/AML

certifications.

KNOWLEDGE, SKILLS, AND ABILITIES

Required Knowledge & Skills:

Knowledge of Bank Secrecy Act/Anti Money Laundering/U.S. Patriot Act, OFAC Regulations. General knowledge and understanding of bank deposit operations, lending activities, and other related consumer banking and compliance functions. Strong interpersonal, communication (written and verbal), and organizational skills with the ability to work independently, as well as collaboratively within a team environment. Administration experience with an automated AML system including tuning and testing of alert thresholds and transaction mapping validation. Experience with ABRIGO's

BAM PLUS

system is a plus. Ability to interact effectively with all levels of management, legal counsel, law enforcement, regulators and examiners while maintaining strict confidentiality. Strong decision making, analytical and investigative abilities with attention to detail and accuracy.

Preferred Knowledge & Skills:

Strong supervisory experience. Uncompromised attention to detail and demonstrated eagerness to problem solve through research and application of experience/knowledge. Organized, detail oriented, ability to articulate matters over the phone or in person, capable of working independently, can plan, set priorities, meet deadlines and work with little supervision while performing most duties. Strong ability to interact pro-actively with all levels of the organization.