Senior BSA Due Diligence Officer

Vast Bank is looking to hire a Senior BSA Due Diligence Officer!!

About Vast Bank

Since February of 1982, we've been a financial institution that has served customers in Northeast Oklahoma and beyond. Our deep roots in the community and commitment to personal service have enabled us to grow alongside our customers, creating conveniences and solutions to fit unique problems and lifestyles. For over 40 years, we've built a legacy on personal service, flexibility, strength, and integrity.

Now, with bold leadership and a renewed commitment to customer-centricity, we're aiming higher for the next 40 years. New ideas, strong partnerships, and modern technology will accompany a winning culture to deliver more control and a surprisingly easy banking experience.

We're a company that believes in taking care of the people who make working here possible. In addition to competitive compensation, we offer a leading employee benefit package:

• Comprehensive benefits package & 401(k) match
• Professional development-opportunities for advancement!
• Tuition assistance
• Transit reimbursement
• Paid time off
• & more!

Summary of RoleThe Senior BSA Due Diligence Officer is responsible for the oversight and execution of the Bank's Customer Due Diligence (CDD), Customer Risk Rating (CRR), and Enhanced Due Diligence (EDD) programs for high-risk customer segments. This role manages ongoing due diligence processes, ensures regulatory compliance with BSA/AML and OFAC requirements, and provides subject-matter expertise in evaluating customer risk across complex business models and emerging financial crime trends.

The Senior Officer works closely with BSA/AML, Fraud, Compliance, Onboarding, and business-line teams to maintain robust controls, strengthen risk rating methodologies, and ensure proper monitoring of high-risk relationships.

Major Duties and Responsibilities
CDD / EDD Program Oversight

• Lead the Bank's CDD and EDD processes across onboarding, periodic reviews, and event-driven reviews for high-risk customers.
• Oversee high-risk customer segments, which may include:
  MSBs, MTLs, NBFIs, crypto-related businesses, ATMs/ISOs, PEPs, cash-intensive businesses, foreign-based clients, third-party fintech customers, or other elevated-risk categories.
• Ensure collection, verification, and documentation of required onboarding and periodic review information, including beneficial ownership, source of funds, expected activity, licensing, operational controls, and adverse media.
• Review and validate customer files for completeness, accuracy, and regulatory compliance.
• Conduct deeper forensic-level reviews for customers with complex ownership structures, layered transactions, or unusual operational risk indicators.

Customer Risk Rating (CRR) Management

• Maintain and enhance the Bank's customer risk rating model, including rule logic, weighting, and scoring methodology.
• Perform risk reassessments and trend analysis for customers exhibiting activity or profile changes.
• Provide expert recommendations on onboarding decisions, risk acceptance, mitigating controls, or account restrictions/closures.
• Partner with AML monitoring teams to ensure risk ratings correlate with transaction monitoring scenarios and alert thresholds.

High-Risk Portfolio Oversight

• Manage the Bank's full population of high-risk customers, ensuring periodic reviews are completed within regulatory and internal time frames.
• Identify customers requiring escalation to SAR, EDD update, account closure review, or further investigation.
• Track and report changes in risk typologies, customer behavior, or product usage that may indicate emerging risk.
• Maintain centralized documentation, audit trails, and reporting for the high-risk portfolio.

Quality Assurance, Audit, & Regulatory Support

• Develop and maintain CDD/EDD procedures, risk-rating standards, checklists, templates, and job aids.
• Prepare materials for internal audit, independent testing, regulatory examinations, and senior management reporting.
• Support remediation of audit or exam findings and ensure sustainable process enhancements.

Cross-Functional Collaboration

• Partner with Risk, Compliance, BSA Investigations, Fraud, Operations, and business lines to align due diligence requirements with onboarding and servicing processes.
• Provide guidance on high-risk customer onboarding scenarios and assist in risk-acceptance decisioning.
• Work closely with the transaction monitoring team to escalate concerns identified during due diligence.
• Consult on product, service, or fintech partner risk assessments requiring specialized due diligence input.

Data & System Governance

• Ensure the accuracy and integrity of customer risk rating data within core systems and AML platforms.
• Participate in UAT for system enhancements, rule changes, new CDD/EDD workflows, and third-party integrations.
• Support transaction monitoring and system vendors by validating customer attributes, classification logic, and risk inputs.
• Must comply with applicable laws and regulations, including but not limited to, the Bank…