Stellantis Bank USA, BSA Officer & Deputy Chief Compliance Officer (In Formation)

About the Role

The BSA (Bank Secrecy Act) Officer and Deputy Chief Compliance Officer plays a key role in ensuring compliance with anti-money laundering (AML) and Bank Secrecy Act (BSA) regulations and serves as the Deputy Chief Compliance Officer. This position requires keen attention to detail, strong analytical skills, and a deep understanding of financial regulations.

Responsibilities

• Implement and Manage BSA/AML Program: Develop, implement, and maintain policies, procedures, and controls to ensure compliance with BSA/AML regulations. Regularly review and update the Bank's BSA/AML program to reflect changes in regulations and industry best practices.
• Monitor Transactions: Monitor customer transactions and account activity for suspicious behavior or patterns indicative of money laundering, fraud, or other illicit activities. Utilize advanced software and analytical tools to identify and investigate unusual activity.
• Conduct Investigations: Conduct thorough investigations into suspicious activity reports (SARs) and file SARs with regulatory agencies as necessary. Collaborate with law enforcement and other agencies during investigations and provide support as needed.
• Perform Due Diligence: Conduct due diligence on high-risk customers, including individuals and entities, to assess their risk level and ensure compliance with Know Your Customer (KYC) requirements. Review and verify customer identification documents and business ownership structures.
• Train and Educate Staff: Provide training and guidance to bank staff on BSA/AML compliance policies, procedures, and regulations. Raise awareness of emerging trends and risks in money laundering and financial crimes.
• Maintain Records: Maintain accurate and detailed records of BSA/AML-related activities, including SARs, suspicious activity investigations, and compliance documentation. Ensure that records are organized and readily accessible for audits and regulatory examinations.
• Coordinate with Regulators: Serve as the primary point of contact for regulatory agencies, including the Federal Deposit Insurance Corporation (FDIC) and the Financial Crimes Enforcement Network (FinCEN). Respond to inquiries, requests for information, and examination findings in a timely and thorough manner.
• Risk Assessment: Conduct periodic risk assessments to identify potential gaps or weaknesses in the bank's BSA/AML compliance program. Develop strategies to mitigate risks and enhance controls where necessary.

Requirements

• Minimum 5 years of experience in BSA/AML compliance within the banking or financial services industry.
• In-depth knowledge of BSA/AML regulations, including the USA PATRIOT Act, OFAC requirements, and other relevant laws and regulations.
• Strong analytical and investigative skills, with the ability to interpret complex financial data and identify patterns or anomalies.
• Excellent communication and interpersonal skills, with the ability to effectively collaborate with internal stakeholders and regulatory agencies.
• Detail-oriented and highly organized, with the ability to manage multiple tasks and priorities in a fast-paced environment.
• Proficiency in Microsoft Office applications and BSA/AML compliance software tools.

Qualifications

• Bachelor's degree in finance, accounting, business administration, or a related field.
• Advanced degree or professional certification (e.g., CAMS, CFE) is preferred.

Must have reliable transportation and live within a commutable distance to Salt Lake City, UT. An applicant must be authorized to work in the United States to be eligible for this position.

Schedule

Monday – Friday, 40 hours per week, with additional time as needed to support role responsibilities.

Travel

0-10% travel as required on an as-needed basis.

Work Environment

The noise level in the work environment is usually moderate. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions of this job.