BSA Manager

WSFS Bank; Washington; On-site; USD 77,390 - 127,139; Full time

Job summary

WSFS Bank is seeking a BSA/AML/OFAC Compliance Manager to lead a team of investigators and analysts, ensuring regulatory requirements are met across monitoring systems and reports. The role includes supervising staff, conducting quality control of alerts, investigations, enhanced due diligence, and SAR filings, and guiding training and staff development.

Ideal candidates have a bachelor’s degree, at least five years in BSA/AML investigative work, two years of people management, CAMS preferred,

Qualifications

• Bachelor’s degree required.
• Minimum 5 years of BSA/AML investigative and/or fraud prevention experience with SAR filing.
• At least 2 years of experience leading a team.
• CAMS or other BSA/AML certification preferred.
• Thorough knowledge of BSA/USA PATRIOT Act and OFAC; banking and financial crime awareness.

Responsibilities

• Supervise BSA/AML analysts and investigators.
• Quality control on alerts, investigations, and SAR filings.
• Maintain policy documentation for BSA/USA PATRIOT Act/OFAC.
• Lead staff training, development, and performance management.
• Stay updated on new rules and industry trends.
• Develop efficacy standards and staff goals.
• Ensure adherence to security and confidentiality policies.

Skills

BSA/AML investigations

Team leadership

Analytical skills

Regulatory compliance

Communication skills

Education

Bachelor's Degree

Tools

Word

Excel

CDD systems

Monitoring platforms

Job description

Job Description

The Bank Secrecy Act (BSA) Manager will provide management support and assistance to a team of investigators and analysts specializing in BSA/AML/OFAC compliance issues to ensure regulatory requirements are met using various monitoring systems and reports.

The incumbent will conduct quality control functions for the team’s completed alerts, investigations, enhanced due diligence, and SAR filings. In addition, the incumbent will manage staff development, interviewing and hiring, termination, coaching, mentoring, and performance management.

Job Responsibilities

• Supervise staff of BSA/AML analysts and investigators.
• Conduct quality control on all work performed by staff, including alert decisions, investigation case decisions, and enhanced due diligence decisions.
• Conduct quality control on completed suspicious activity reports (SAR) prepared by the BSA/AML investigation staff.
• Aid in the development of new material and update existing documentation for the bank’s policy manuals as it applies to BSA/USA PATRIOT Act/OFAC.
• Aid in the ongoing training of staff to ensure that adequate training is provided to all appropriate personnel.
• Stay apprised of proposed rules, new or changed laws and regulations as well as emerging issues, hot industry topics, money laundering, financial crimes, or terrorist financing trends to enhance the BSA/AML compliance program as appropriate.
• Develop and maintain efficacy standards and develop individual staff goals and development practices.
• Adhere to all bank security and confidentiality policies and procedures.
• Additional responsibilities as required.
• Support the mission, strategy, and values of WSFS.

Minimum Qualifications

• Bachelor’s Degree required.
• Minimum 5 years specific BSA/AML investigative and/or fraud prevention experience with personal investigative and SAR filing experience in a financial institution.
• Must have at least 2 years of experience managing and leading a team.
• General knowledge of risk mitigation pertaining to high‑risk services offered.
• Certification in CAMS or another BSA/AML field is preferred.
• Comprehensive understanding of banking and all types of financial crime patterns, thorough knowledge of the Bank Secrecy Act and the USA PATRIOT Act, as well as a strong understanding of OFAC regulations.
• Extensive proficiency in Microsoft Word and Excel, along with experience using Customer Due Diligence (CDD) systems and tools, as well as transaction monitoring and reporting platforms is required.
• High degree of analytical, problem‑solving, organizational, and project management skills.
• Ability to work and communicate with internal associates and management across the bank, as well as interact with regulators and auditors.
• Ability to work in a fast‑paced, deadline‑oriented environment and maintain a high level of attention to detail and sound judgment.
• Ability to analyze information as well as question and investigate results from program reports.
• Must have knowledge to review account activity and the ability to recognize or question activity beyond its normal scope.
• Excellent oral and written communication skills as well as good written, oral, and visual presentation skills.
• Familiarity with branch or department account relationship activity and some audit or compliance knowledge is preferred.

Salary and Benefits

Salary Range: $77,390.00 - $127,139.75. Individual base pay may vary based on experience, skills, education, location, and business needs. In addition to base salary, WSFS Financial Corporation and its subsidiaries may offer eligible associates discretionary and formula‑based incentive and retention awards. WSFS provides a competitive benefits package, which includes medical, dental, and vision coverage; a 401(k) plan; life, accident, and disability insurance; flexible spending accounts (FSAs) and health savings accounts (HSAs); and wellness programs. Additional benefits may include paid parental leave, military leave, vacation and other paid time off, sick leave in accordance with applicable state laws, and paid holidays. Benefit offerings are subject to eligibility requirements, legal limitations, and may vary based on an associate’s location and employment status. For more information about associate benefits, please visit https://www.wsfsbank.com/about/careers/.

WSFS Bank will only consider candidates who are presently authorized to work for any employer in the United States and who will not require work visa sponsorship from WSFS Bank now or in the future.

EEO Statement

WSFS is an equal opportunity employer. We do not discriminate based upon race, religion, color, national origin, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.