BSA Officer

The Opportunity The BSA Officer is responsible for ensuring that BMBC, BMT, and their collective subsidiaries (collectively "Bryn Mawr") are in compliance with the Bank Secrecy Act (BSA), the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act (USA PATRIOT ACT as may be amended from time to time), all applicable anti-money laundering ("AML") statutes, and requirements as mandated by the Office of Foreign Assets Control ("OFAC"). The BSA Officer accountable for maintaining oversight over Bryn Mawr's BSA/AML/OFAC Compliance Program (the "Program") including supporting internal controls, appropriate designation of a BSA Officer, maintaining appropriate employee educational programs, ensuring independent testing of the Program, and maintaining risk-based customer due diligence procedures. The BSA Officer is responsible for the people, processes, and technologies deployed for the purpose of identifying unusual customer activity related to money laundering, terrorist financing, and other criminal activities conducted or attempted at or through Bryn Mawr. This position will be based in Media, PA. Responsibilities: Deploys critical professional judgment in all aspects of managing and leading the BSA/AML/OFAC function and in and interacting with all Bryn Mawr stakeholders Manages and leads all aspects of a BSA Department of 20 to 30 employees, including managers, supervisors, and analysts Understands key BSA/AML/OFAC workflows and rulesets and deploy critical professional judgement in assessing and re-engineering staffing models, processes, and technologies to enhance Program compliance, efficiency and effectiveness without compromising controls and compliance with applicable laws and regulations. Builds and successfully manages relationships with key management stakeholders throughout Bryn Mawr creating an environment of transparency and trust Effectively communicates expectations to key management stakeholders and reports Program results to the same audience compelling management action as necessary without compromising business relationships Direct necessary BSA/AML/OFAC/Fraud/etc. annual risk assessments Oversee, monitor, design, and/or conduct BSA/AML/OFAC training, ensuring that adequate training is provided to all appropriate personnel Chair committees directly related to the mission of BSA/AML/OFAC as determined necessary Serve as a liaison between BMT and its various regulatory agencies and auditors involving all entities for all BSA/AML/OFAC matters Provide oversight to development of new material and update of existing documentation for BMT's policy manuals as it applies to BSA/AML/USA PATRIOT Act/OFAC requirements Stay apprised of proposed rules, new or changed laws and regulations as well as emerging issues, hot industry topics, and money laundering, financial crimes, or terrorist financing trends Prepare high quality, informative board reports at the appropriate level for the audience to understand Program maturation and the summary of matters emanating from the Program (e.g. SARs, CTRs, OFAC, 314a, 314b, etc.) Sponsor and manage Program enhancements including process re-engineering and technological improvements Assist in the preparation and processing of Risk Management Division annual budget Requirements: Experience with $10B+ financial institution and is most recently serving in the role of BSA Officer or Deputy BSA Officer for a minimum of 5 years, with a minimum of 10 total years of related BSA experience within a Financial Institution Bachelor's Degree, required; Master's Degree, preferred Certified Anti-Money Laundering Specialist ("CAMS") certification, required; additional certifications such as a CPA, CFE, CRCM, CIA, preferred Comprehensive understanding of banking and of financial crime patterns, required Thorough knowledge of the Bank Secrecy Act, anti-money laundering laws and regulations, including USA PATRIOT Act and OFAC requirements Demonstrated history of strong leadership and management skills High degree of analytical, problem-solving, and organizational, and project management skills. History of favorable interactions with regulators and auditors Excellent verbal, written, and communication skills, including demonstrated board presentation skills Ability to work in a fast-paced, deadline-oriented environment Prior experience with the development, testing, and implementation of BSA/AML/OFAC systems is required as is the demonstrated ability to assess and enhance the same systems through a project management and system development life cycle discipline Familiarity with Financial Crimes Risk Management, Actimize, Oracle/Mantas, Verafin, Yellow Hammer/REDI, Patriot Officer, preferred Proficiency with WatchDog Pro Familiarity with Fiserv Signature is desired; familiarity with the operational workflow and technology of banking platforms in general, required Proficiency with Microsoft Word/Excel/Access/PowerPoint/Project is necessary, as is familiarity with SharePoint and Lotus Notes
Salary Range: NA
Minimum Qualification
5 - 7 years

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