BSA/AML Compliance Officer

Saint Louis Bank; St. Louis (MO); On-site; USD 90,000 - 140,000; Full time

Job summary

Saint Louis Bank is seeking a BSA/AML Officer to administer and oversee the bank’s BSA/AML and regulatory compliance program, ensuring adherence to federal and state banking laws. The role serves as the subject matter expert for BSA/AML and OFAC compliance, exercising independent judgement to identify, investigate, and escalate potential suspicious activity.

Under the Senior Compliance Officer, you will manage risk assessments, suspicious activity monitoring, currency transaction filing,

Qualifications

• Demonstrated knowledge of BSA/AML/USAPA/OFAC banking laws and regulations.
• 5-7 years’ experience in all aspects of duties outlined above.
• Strong professional skills with emphasis on planning and organization.
• Proven experience leading teams, preferably a BSA team.
• Proven experience performing common BSA functions (investigating BSA related system alerts, CTR and SAR filing, EDD reviews, OFAC alerts, case management).
• Strong and thorough knowledge of Bank policies and procedures.

Responsibilities

• Maintains proficient knowledge of rules and regulations including, but not limited to, the Bank Secrecy Act (BSA), USA Patriot Act and OFAC.
• Oversee all aspects of the corporate-wide Bank Secrecy Act (BSA), Anti-Money Laundering (AML) programs including maintaining the BSA Policy.
• Ensures BSA/AML related training is assigned to the Bank staff as appropriate.
• Using specialized software and reports identifies transactions that are unusual/suspicious in nature and investigates.
• Works with appropriate staff to complete and submit Suspicious Activity Reports (SAR).
• Monitors and tracks high risk customer account activity.
• Coordinating and assisting the administration of the independent state and federal regulator and external auditor examinations and reviews.
• Coordinating the responses to regulatory BSA-AML examinations and audits and actions taken to ensure deficiencies are corrected.

Skills

BSA/AML knowledge

Regulatory compliance

Investigation skills

Team leadership

Policy administration

Education

BS in Finance, Business, or related degree

Tools

Regulatory reporting software

Job description

Saint Louis Bank is seeking a BSA/AML Officer to administer and oversee the bank’s BSA/AML and regulatory compliance program, ensuring adherence to federal and state banking laws. The role serves as the subject matter expert for BSA/AML and OFAC compliance, exercising independent judgement to identify, investigate, and escalate potential suspicious activity.

Under the Senior Compliance Officer, you will manage risk assessments, suspicious activity monitoring, currency transaction filing,