BSA/AML Officer

Responsibilities

• Develop, implement, and maintain HFD's written BSA/AML compliance program, policies, procedures, and internal controls.
• Conduct periodic reviews and updates to align with current regulatory requirements.
• Oversee the monitoring of customer transactions for unusual or suspicious activities.
• Ensure the timely and accurate completion and reporting of all Questionable Activity Reports (QARs).
• Ongoing participation in the efforts to prevent and detect fraudulent activities that may have BSA/AML implications.
• Conduct periodic, comprehensive risk assessments to identify potential money laundering and terrorist financing risks.
• Develop and implement risk mitigation strategies and enhanced due diligence (EDD) procedures for high-risk accounts.
• Manage the Customer Identification Program (CIP) and CDD processes, including verifying customer identities and assessing risk profiles.
• Develop and deliver ongoing BSA/AML/OFAC training to all employees, relevant management, and the Board of Directors.
• Act as the primary liaison for internal auditors, independent state and federal auditors, and regulatory examiners on BSA/AML matters.
• Coordinate responses to audits and examinations and ensure identified deficiencies are addressed.
• Serve as the main point of contact for legal requests, such as subpoenas and garnishments.

Requirements

• Bachelor’s Degree, or a minimum of 5 years’ financial institution experience required in a lead BSA role.
• Sensitivity to confidential matters and ability to exercise discretion.
• CAMS certification.
• Knowledge of payments systems – ACH, wires, etc.
• Ability to work independently.
• Strong research skills.
• Must be a team player and possess a high energy “can do” attitude.
• Able to multitask and excel in a fast-paced environment.

Skills

• Excellent analytical abilities.
• Strong communication (written and oral) and interpersonal skills.
• Attention to detail.
• The ability to work independently.