Job Type: Full-time
Location: Parsippany, NJ
Summary:
The BSA Officer is responsible for ensuring the Bank's compliance with all relevant Bank Secrecy Act (BSA) laws, rules, and regulations. Key responsibilities include monitoring and coordinating the Bank's BSA compliance program and documenting adherence to regulatory requirements. This includes the timely filing of all required BSA reports and notices, such as Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs).
Additionally, in this role you will be tasked with maintaining and updating the Bank's policies and procedures to ensure compliance with the BSA, Customer Identification Program (CIP), Office of Foreign Assets Control (OFAC) requirements, and Regulation GG, which pertains to unlawful Internet gambling enforcement.
Finally, the BSA Officer also ensures that all staff are adequately trained on BSA-related policies and serves as the primary point of contact with regulatory agencies regarding BSA compliance.
Minimum/Essential Job Requirements:
Bachelor’s degree required or ten (10) years’ commensurate work experience.
Minimum ten (10) years’ relevant experience in the financial services industry in BSA/AML.
Extensive understanding of all BSA/AML and OFAC laws, regulations, and guidance.
Verafin software experience required
Proficient in BSA/AML Software, as well as Microsoft Office Suite software, including but not limited to Word, Excel, and Outlook.
Ability to understand, interpret, convey, and implement the requirements of pertinent laws and regulations is essential.
Strong leader who displays the ability to supervise and provide direction to staff, delegate responsibilities appropriately and prioritize assignments.
Exhibit the ability to work both independently and in a team-oriented environment.
Strong analytical capability and ability to identify potential concerns, recommend operational improvements to management and initiate action.
Excellent communication (verbal and written), organizational, and follow-up skills necessary.
Able to communicate highly technical compliance-related information in a usable manner.
Ability to negotiate and collaborate with others, initiate action, adapt to change and accept challenging assignments essential.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, LGBTQ, national origin, disability or protected veteran status.