BSA​/OFAC OFFICER

JOB DECRIPTION

• Job Title: BSA/OFAC Officer
• Branch/Dept.: Corporate
• EEO Job Category: Mid-Level Management
• Reports to: Board of Directors & COO
• FLSA Status: Exempt
• Last Revision Date: February 2026

BSA:
The Bank Secrecy Act (BSA) Officer is responsible for coordinating the development, implementation and administration of all aspects of the corporate-wide Anti Money Laundering/ Countering the Financing of Terrorism Compliance Program. This position monitors compliance with state and federal BSA, USA Patriot Act, Anti-Money Laundering (AML), and Office of Foreign Asset Control (OFAC) laws and regulations.

• Maintains proficient knowledge of the rules and regulations, including but not limited to, the Bank Secrecy Act (BSA), USA Patriot Act, Anti-Money Laundering (AML) and Office of Foreign Asset Control (OFAC).
• Ensure that all banking activities are performed in compliance with all provisions of the BSA and all applicable federal, state, and local regulations as follow:
  • Implement a system of internal controls for compliance with the BSA, including suspicious activity reporting, CIP requirements, and anti-money laundering, across all product and service offerings.
  • Develop policies, procedures, and practices which address compliance with the BSA.
  • Provide AML/CFT training, including SAR training, to the Bank's staff and Board of Directors, as needed, to ensure continued compliance with all regulatory and legal requirements.
  • Inform Bank personnel about changes in BSA regulations.
  • File all applicable BSA reports to Federal government agencies.
  • Work with Federal and State compliance examiners; take recommended actions to correct deficiencies.
  • Coordinate and provide management's response to annual AML/CFT audit.
  • Obtain proposals annually for ongoing external audits of the AML/CFT Program.
• Coordinate specific work tasks with other personnel within the compliance department, as well as with other departments, to ensure a smooth and efficient flow of information.

• Review and analyze CTRs for accuracy and timely regulatory filings.
• Review all CIP documents and procedures for each new account, including loans, opened the previous day.
• Follow up on outstanding CIP exceptions until resolved.
• Ensure that Beneficial Ownership and customer level risk assessments are obtained at account opening across all applications for each legal entity customer.

• Review Teller generated Currency Transaction Logs and Monetary Instrument Logs to identify any suspicious activity.
• Review system generated Exempt Person Cash Activity Logs to identify suspicious activity.
• Download, review, and file bi-weekly 314(a) Information Sharing list.

• Provide annual BSA, AML, US Patriot Act, and OFAC training to the Board of Directors.
• Provide, at least annually, general BSA, AML, US Patriot Act, and OFAC training to all employees and officers of the Bank.
• Provide, at least annually, job-specific BSA, AML, US Patriot Act, and OFAC training to necessary employees and officers of the Bank.
• Develop, review, and maintain the Bank's BSA, AML, US Patriot Act, and OFAC Policy and Procedures annually and have approved by the Board of Directors.
• Develop, review, and maintain the Bank's Customer Identification Program (CIP) annually and have approved by the Board of Directors.
• Develop, review, and maintain the Bank's BSA, AML, US Patriot Act, and OFAC Risk Assessment of customers, products, services, and geographies annually and have approved by the Board of Directors.
• Review the development of new banking products to ensure compliance with appropriate laws and regulations.

• Conduct investigations of suspicious activity, detect documentation deviations. Oversee decision making related to identified scenarios, to include whether or not to file a SAR is appropriate and whether additional action, such as contacting law enforcement or regulators or recommending the cessation of a customer relationship is necessary.
• Files and manages Suspicious Activity Report requirements. Make certain that pertinent BSA-related information, including the…