SVP Bank Secrecy Act (BSA) Officer

About the role

Office Location: Abilene, Texas, United States. We’re always looking for bright individuals to join our growing organization. As a part of the First Financial Family, we will invest in your development and provide a dynamic work environment where you’re challenged, valued and empowered every day. We strive to be the best destination for the industry’s top talent, creating a diverse, collaborative workplace that celebrates innovation and change. We are one team, working together to get things done.

Responsibilities

• Overseeing all aspects of the Bank’s Bank Secrecy Act (BSA), Anti-Money Laundering (AML) program.
• Providing subject matter expertise and support to the FFTAM BSA program, when needed.
• Coordinating and assisting in the administration of examinations, audits, and other engagements.
• Coordinating responses to regulatory BSA-AML examinations and audits and actions taken to ensure deficiencies are corrected.
• Making recommendations to the Chief Compliance Officer and senior management when and where appropriate.
• Maintaining proficient knowledge of the rules and regulations, including but not limited to, the Bank Secrecy Act (BSA), USA Patriot Act, and OFAC.
• Working with operations units to investigate transactions that are suspicious in nature.
• Submitting Suspicious Activity Reports.
• Monitoring and tracking BSA-AML high-risk customers and accounts.
• Managing exempt person filings for CTR purposes.
• Understanding government regulations with particular emphasis on the Bank Secrecy Act and related regulations.
• Addressing regulatory changes that impact the business units.
• Assisting business units in implementing processes necessary to comply with regulations.
• Performing regulatory research in response to business unit compliance inquiries, projects, and changes while communicating effectively with management.
• Performing analysis of BSA related data to draw conclusions about the level of compliance throughout the enterprise.
• Performing routine monitoring to determine the extent of compliance with regulations, laws, policies, and procedures.
• Communicating the results of monitoring to department managers and senior management, follows-up to ensure issues are addressed, escalates issues.
• Assisting Business Units in performing Risk Assessments.
• Developing and maintaining BSA related policies and procedures.
• Compiling and submitting regulatory data such as the OCC’s MLR.
• Preparing reports for the board’s Risk Committee.
• Developing training programs as needed.
• Actively participating in the Customer Service First program, support the values of the organization, and follow established policies and procedures.
• Performing other duties as assigned.

Requirements

• Accounting, Finance, or Business degree.
• Five years banking experience with a minimum of three years in BSA.

Qualifications

• CAMS designation required.
• Previous supervisory experience in BSA is beneficial.
• Regulatory compliance knowledge is essential.
• Knowledge of bank operations is a must.

Skills

• Excellent communication skills.
• Extensive computer skills with an emphasis in Excel and Word.
• Ability to meet deadlines.
• Ability to work independently.
• Ability to adapt to changing priorities.
• Good follow through.
• Attention to detail.
• Strong documentation skills.
• Strong research, analytical and problem‑solving skills.
• Strong writing skills and ability to translate complex situations into easily understood narratives.
• Ability to handle delicate and/or sensitive situations.
• Ability to use and apply basic principles, theories, and concepts.