Job details
Job type full-time
Full job description
Summary
The bsa program administration manager will be primarily responsible for the management and administration of the bsa program administration team, developed to perform bsa non-operational specialized program oversight and governanceThe team also provides critical support to the overall bsa department and program remediation, working to address findings identified in the remediation plan and to ensure ongoing regulatory compliance.
The functions for this team would consist of the following (or similar) functions:
Aml policy & procedures
Aml program administration
Business metrics/mis reports/analytics
Aml model governance
Aml/bsa training
Aml testing
Essential duties and responsibilities
Accountable for managing the bank’s bsa program administration team that is directly responsible for executing non-operational specialized bsa program oversight and governance.
Assists the bsa officer and deputy bsa officer administer the bank's bsa program.
Develops and/or revises policies, processes, procedures, and program documents in support of the administration of the bank's bsa program;
Assists with the administration of anti-money laundering/ofac software to monitor and report all bsa-related activities to management as directed;
Coordinate with internal and external auditors, including regulatory examiners, during audits and examinations to provide requested information as well as interim consultation;
Maintain proficient knowledge of applicable rules and regulations, including but not limited to, the bank secrecy act (bsa), usa patriot act, and ofac;
Examines establishment policies, procedures, and practices to ensure compliance with laws and regulations.
Stays abreast of changes to federal and state banking laws and regulations affecting the management, operations, and product offerings of the establishment.
Coordinates with legal counsel and operating departments to ensure adherence to laws and regulations relating to new or revised products and services offerings.
Oversees the revision, preparation, and dissemination of new and updated compliance standards and procedures.
Coordinates, supervises, and supports establishment's compliance-related programs, such as compliance training, compliance testing and reporting, disaster recovery, contingency planning, and records warehousing and destruction.
Assist in the development, implementation, and periodic performance of key controls.
Effectively interact with executive-level and senior management, employees, compliance and legal teams, and other bank functions including the line of business.
Other duties as assigned.
Education and/or experience
Bachelor's degree (bA.) from a four-year college or university; and 7 years or more related experienceSubstantial bsa experience and prior management experience required.
Experience with applicable laws, rules and regulations pertaining to bank secrecy act, usa patriot act, ffiec examination manual, and ofac.
Develop and maintain an in-depth knowledge of bsa/aml program governance, policies and procedures, risk assessments and internal controls, aml data, metrics and mis reporting.
Bachelor's degree (b.a./b.sOr equivalent) from a four-year college or university; and 7 years or more related experience.
Prior bsa management and governance-related experience required.
Prior aml policy and/or procedures experience preferred but not required.
Aml transaction monitoring experience including alerts, investigations, and sar preferred but not required.
