Position Details

VP, DEPUTY BSA / AML OFFICER

VP, Deputy BSA Officer
Direct Hire
Salary is DOE, target is ~150-180k, 8% bonus, and RSUs
Remote / Work from Home

Summary:
The VP, Deputy BSA Officer will assist the Direct of BSA (BSA Officer) with the implementation and administration of all aspects of the Bank Secrecy Act compliance program. This position performs various quality controls reviews and monitoring pertaining to the Bank Secrecy Act, USA Patriot Act, anti-money laundering, OFAC and Customer Identification Program compliance using industry standards and regulatory guidance to ensure the Bank’s compliance efforts are maintained daily. Asist the BSA Officer in monitoring emerging BSA compliance issues, consults and guides the Bank in the establishment of controls to mitigate risks.

Required:
• 5-10+ years in direct BSA/AML related role
• Previous experience as a Deputy BSA/AML or BSA Officer is a plus
• Experience at a bank with an Asset size of ~$1-30B ($5-15B is ideal) or equivalency in high number of customer transactions
• Proven decision making, deductive and investigative abilities with attention to detail and accuracy
• Experience in managing a team
• Comprehensive understanding of general banking operations activities, products and services, and compliance regulations and laws
• Working knowledge of relevant BSA/AML and Sanctions (OFAC) business systems such as FIS, Actimize, VERAFiN, Guardian Analytics, SAS, and Banker’s Toolbox, etc., preferred.
• Ability to interact effectively with all levels of management, regulators, and examiners
• Familiarity and Passion for virtual currency
• Applicable professional certifications such as ACAMS is a plus
• Bachelor’s Degree in relevant disciplines such as Banking, Business Administration, Finance, Law and Economics

Soft Skills:
• Team player; comfortable both managing and being hands on
• Ability to proactively identify and assess potential concerns and risks
• Ability to resolve issues, work independently, and meet deadlines
• Persuasive and team-oriented
• Exceptional interpersonal, writing, communication and organizational skills with the ability to work autonomously as well as collaboratively within a team environment
• Good organizational and time management

Responsibilities:
• Serve as the Deputy BSA Officer with a high degree of autonomy to make decisions, resolve issues and serve as real-time support of our unique business structure and customers.
• Serve as a champion for the team by “rolling up their sleeves” to do whatever needs to be done in support of the internal and external customer. Act as day-to-day manager and coach.
• Ability to support and advise across the organization as complex compliance issues arise.
• An ability to appreciate the challenges of the “digital currency frontier.”
• Assist BSA Officer in:
o The development, implementation and updating of the Enterprise Risk Assessment, Bank's BSA Program including, procedures, training, internal control, and mitigation processes
o Participation and preparation for regulatory BSA Examinations and Independent Audits, internal Board and Management committee meetings
o Administering BSA/AML/OFAC related training programs for directors, management and employees and providing BSA guidance and coaching to employees
o Preparation of reports for the Executive Management and Board of Directors on a periodic basis
• Customer Risk Management Program (CRMP) and the annual Enhanced Due Diligence (EDD) review completions, and to ensure client risk ratings are appropriately assigned
• Prepares metrics and/or reports, policies, e.g., BSA/AML Risk Assessments, for the Board of Directors on a periodic basis; ensure the Board is kept fully informed of the BSA program, including but not limited to trends in high-risk customer on/off boarding, SARs, emerging BSA, AML and Sanctions typologies
• Maintains supervisory responsibilities, along with BSA Manager and BSA Officer, for mentoring and coaching all BSA staff
• Responsible for compliance with labor laws, performance reviews, work schedules and timekeeping reporting
• Assist with managing the Bank's Sanction screening systems as well as the AML Monitoring System and ensure adherence to the Models Governance Framework
• Gains knowledge of the company’s BSA policy, program, and various desktop procedures
• to ensure a working knowledge of all segments of the BSA/AML processes within the company
• Oversee daily reviews, monitoring, and analysis of various reports, logs, and transaction data to identify trends, unusual activity, and monitor large currency activity among others
• Managing, researching, and responding to regulatory and supervisory requested information from the Bank’s regulators as well as FinCEN, OFAC and other government entities
General
• Aid the Compliance Department and other departments when needed
• Maintain a proficient knowledge of all applicable rules and regulations
• Research regulatory issues and responds to compliance questions from Bank personnel, using legal and regulatory reference materials, regulatory agencies, Bank legal counsel, and professional associations and organizations, as appropriate
• Maintain current knowledge of all federal and state laws and regulations, along with the Bank’s policies and procedures
• Not to harm consumers with any act that could be misleading, unfair, deceptive, or abusive in act or practice Supervisory Responsibilities
• Responsible for managing a team(s) within the BSA Department
• Duties include new candidate screening, training, mentoring, and periodic staff performance reviews

Company:
We have served entrepreneurs in unique and niche industries for over 20 years. We leverage our technology platform and expertise to develop solutions for fintech and digital currency companies and investors around the world. Recognizing digital currency’s potential during the sector’s infancy, we have embraced pioneers and built flourishing relationships with those who were underserved by traditional banks. We are a California chartered, Federal Reserve member bank, the leading provider of innovative financial infrastructure solutions and services for the growing digital currency industry, and a lender to growth-oriented businesses, entrepreneurs, and investors. Embracing change and recognizing opportunity are in our company DNA.

Benefits:
• Matched 401k
• Bonus
• RSUs
• Medical, dental and vision
• Flexible spending accounts
• Additional Supplemental Health Coverages through Aflac
• Vacation and Holidays
• Life, AD&D, and LTD Insurance
• Employee Assistance Program (EAP)
• LegalShield
• Identity Theft Protection
• Pet Insurance


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