Deputy BSA Officer

United Bank; Raleigh (NC); On-site; USD 110,000 - 170,000; Full time

Job summary

United Bank is seeking a Deputy BSA Officer to support the BSA Program and lead compliance with the Bank Secrecy Act, USA PATRIOT Act, and AML/OFAC requirements. The role focuses on reporting, control improvements, and supervision of the BSA team.

You will collaborate with regulators and internal stakeholders to ensure timely, accurate BSA/AML activities and drive enhancements across the program.

Qualifications

• Ten or more years of banking experience required.
• Ten years of BSA/AML experience required.
• At least five years of supervisory experience.
• Proven ability to utilize databases for monitoring and reporting.
• CAMS designation and CFE certification are preferred.

Responsibilities

• Assist the BSA Officer in building and maintaining the Bank’s BSA/OFAC program, including controls, procedures, and risk assessments.
• Prepare for regulatory examinations, audits, and internal reporting.
• Research regulatory information from regulators (e.g., FinCEN, OFAC) and respond to inquiries.
• Manage sanction screening and AML monitoring systems, including data validation and model configuration.
• Provide guidance and mentoring to BSA staff and support cross-functional collaboration.

Skills

Banking experience

BSA/AML experience

Supervisory experience

Database utilization

CAMS designation

CFE certification

Job description

JOB SUMMARY

The Deputy BSA Officer assists the BSA officer with the management and administration of the BSA Program. The Deputy BSA Officer is responsible for all aspects pertaining to the Bank Secrecy Act, USA PATRIOT Act, anti-money laundering, OFAC, and the Customer Identification Program using industry standard and regulatory guidance to ensure compliance. This position is responsible for compiling various reports and performing various quality control reviews pertaining to the BSA Program and department work products. The Deputy BSA Officer assists in the supervision, guidance, and performance management of BSA staff, participates in cross-functional relationships within the bank to provide optimum internal support, and is a key participant in achievement of the Bank’s goals and objectives.

Job Description

JOB SUMMARY

The Deputy BSA Officer assists the BSA officer with the management and administration of the BSA Program. The Deputy BSA Officer is responsible for all aspects pertaining to the Bank Secrecy Act, USA PATRIOT Act, anti-money laundering, OFAC, and the Customer Identification Program using industry standard and regulatory guidance to ensure compliance. This position is responsible for compiling various reports and performing various quality control reviews pertaining to the BSA Program and department work products. The Deputy BSA Officer assists in the supervision, guidance, and performance management of BSA staff, participates in cross-functional relationships within the bank to provide optimum internal support, and is a key participant in achievement of the Bank’s goals and objectives.

RESPONSIBILITIES

Assist the BSA Officer in:

• Development, implementation, and ongoing improvement of the Bank’s BSA/OFAC Program including compliance, operational logistics, procedures, training, internal controls, risk assessments, and oversite of the BSA team.
• Participates and prepares for regulatory BSA examinations, independent audits, and internal reporting.
• Researching and responding to regulatory and supervisory requested information from regulators, as well as FinCEN, OFAC, and other government agencies.
• Assists with managing the Bank’s sanction screening systems as well as the AML Monitoring System and ensure adherence, including system data validation, model management, system calibration and configuration

Directly Responsible for:

• Provide M&A support as necessary to establish new procedures and properly oversee new customers, products and BSA team members
• Prepares reports for the Executive Management and Board of Directors on a periodic basis, including but not limited to trends in high-risk customer, on/off boarding, SARs, emerging BSA and AML
• Gains knowledge of the company’s BSA/OFAC policy, program, and various desktop procedures to ensure a working knowledge of all segments of the BSA/AML processes within the Bank
• Maintains supervisory responsibilities for mentoring, training and coaching BSA staff
• Oversee and perform quality reviews, monitoring and analysis of various regulatory reports (e.g., CTR, SAR ARBP), logs, cases, and transaction data to identify trends, unusual activity, and monitor large currency activity, among other areas of oversight
• Managing, researching and responding to regulatory and supervisory requested information from regulators other government entities; mitigation of any findings/observations
• Maintain a proficient knowledge of all BSA AML OFAC rules and regulations applicable to the Bank at the state and federal level, regularly monitoring and keeping abreast of any changes that may have an impact on the Bank’s BSA AML OFAC program
• Research regulatory issues and respond to compliance questions from personnel, using legal and regulatory reference materials, regulatory agencies, legal counsel, and professional associations and organizations as appropriate
• Other job-related duties as assigned

Qualifications

SKILLS/QUALIFICATIONS

• Minimum ten years of banking experience required.
• Minimum ten years’ experience with BSA/AML experience required.
• Minimum five years of operating within a supervisory capacity.
• Expertise in database utilization.
• Certificates, Licenses and Registrations
• Certified Anti-Money Laundering Specialist, CAMS designation preferred.
• Certified Fraud Examiner (CFE) or other Financial Crimes / Risk Related Professional Certification.

KEY COMPETENCIES

• Working knowledge of federal and state anti-money laundering compliance statutes and regulations.
• Ability to read and interpret statutes and regulations.
• Ability to define problems, collect data, establish facts, and draw valid conclusions.
• Ability to communicate effectively verbally and in writing.
• Supervisory Skills and Abilities:
• Develops and encourages cooperation and teamwork among employees.
• Possesses skills in directing, coaching, motivating, delegating, evaluating, and counseling assigned employees.
• Knowledge and experience in promoting teamwork and eliminating barriers to effectively working within the Department and across the Credit Union organizational structure.

Skills and Abilities

• Strong analytical, problem solving and organizational skills.
• Advanced proficiency with Microsoft Office applications.
• Ability to identify gaps and risk exposure in control processes.
• Ability to communicate effectively verbally and in writing.
• Strong written and verbal communication skills.

Essential Functions

• Sitting for extended periods of time.
• Ability to efficiently operate a computer keyboard, mouse, power tools, and other computer components.
• Ability to converse and exchange information with all levels of staff within organization.
• Ability to observe, perceive, identify, and translate data
• Ability to travel, attend, and participate in meetings, seminars, and conferences held before and after normal business hours that may require unaccompanied long-distance travel and overnight lodging.

Company Profile

At United, our strength is our people, and we are committed to nurturing a culture that is reflective of the communities we serve; promotes respect and a shared purpose; and aligns with our core values.

Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, national origin, disability, status as a protected veteran, or any other characteristic protected by law.