VP, BSA/AML Compliance & Foreign Mission Risk

Hingham Institution for Savings; Washington (District of Columbia); On-site; USD 150,000 - 190,000; Full time

Job summary

Hingham Institution for Savings seeks a seasoned BSA/AML Officer to administer the bank's BSA/AML program, with emphasis on foreign mission banking relationships and sanctions compliance. You will lead regulatory examinations coordination and oversee the monitoring platform, reporting to the Chief Compliance Officer and interfacing with regulators and senior management.

The role requires seven+ years of experience, CAMS/CBAP certification (or within 12 months), and the ability to manage

Qualifications

• B.A. in a related field required; advanced degree a plus.
• Seven or more years of progressive experience administering an effective bank BSA/AML Compliance Program, with demonstrated success managing regulatory examinations and audits.
• CAMS (Certified Anti-Money Laundering Specialist) or CBAP (Certified BSA/AML Professional) certification required, or must be obtained within 12 months of hire.
• Direct experience with high-risk or specialized customer types – such as foreign missions, embassies, politically exposed persons, or money services businesses – strongly preferred.
• Working knowledge of the Bank Secrecy Act, USA PATRIOT Act, OFAC/sanctions regulations, and FFIEC/FinCEN guidance on foreign government and foreign mission accounts.
• Positive attitude and strong partnership orientation, with the ability to support business units in the design and implementation of BSA-compliant systems and products.
• Ability to manage multiple tasks simultaneously and appropriately prioritize based on potential exposure to regulatory and financial risk.
• Strong written and verbal communication skills, including the ability to organize and present ideas and information in a simple, concise, and unambiguous manner.
• Ability to interact effectively with all levels of management, regulators, examiners, Board members, and foreign mission stakeholders.
• Resilient and able to work autonomously in the face of ambiguity.
• Experience with Verafin, a plus.

Responsibilities

• Coordinate and oversee a Bank-wide BSA/AML/OFAC Compliance Program that meets regulatory requirements and reflects current industry best practices, including due diligence for foreign mission banking relationships.
• Oversee and administer the Bank's automated BSA/AML monitoring and reporting platform and ensure system validity.
• Monitor higher-risk customer relationships and support onboarding decisions with the SDG relation team.
• Oversee OFAC compliance and sanctions screening for diplomatic and foreign government accounts.
• Update BSA/AML and OFAC risk assessments at least annually, considering country risk and transaction activity.
• Lead the annual program self-assessment and coordinate regulatory examinations and audits.
• Prepare and present BSA/AML program reports to the Board and executives.
• Oversee BSA/AML training, including foreign missions, and monitor regulatory changes.

Skills

BSA/AML Compliance

Regulatory Examinations

Foreign Missions

Sanctions Compliance

Verafin

Education

Bachelor's degree

Tools

Verafin

Job description

Hingham Institution for Savings seeks a seasoned BSA/AML Officer to administer the bank's BSA/AML program, with emphasis on foreign mission banking relationships and sanctions compliance. You will lead regulatory examinations coordination and oversee the monitoring platform, reporting to the Chief Compliance Officer and interfacing with regulators and senior management.

The role requires seven+ years of experience, CAMS/CBAP certification (or within 12 months), and the ability to manage