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BSA/AML Manager

Company: Colonial Savings
Location: Fort Worth
Posted on: January 15, 2022

Job Description:

The BSA/AML Officer develops, implements, administers, and maintains all aspects of the bank's Bank Secrecy Act/Anti-Money Laundering Compliance Program. Ensures the program functions at a high level of compliance with the BSA/AML related laws and regulations, internal policies and Federal regulatory expectations. The Bank Secrecy Act Officer is required to be fully knowledgeable and skilled in all areas of BSA/AML compliance and to independently recognize, develop, and implement effective compliance related solutions for the BSA/AML program.
Responsibilities Include:
* Coordinating and overseeing an effective risk-based BSA/AML/OFAC program
* Serves as the lead for implementing enterprise-wide BSA/AML, CIP, and OFAC policies and procedures consistent with regulatory expectations
* Establishes and maintains an effective CDD/EDD risk rating and monitoring program to include initial and ongoing assessments, and reviews and analyzes unusual account activity
* Establishes and maintains appropriate SAR investigation, reviews and reports processes that promote consistent decisions; adequate investigation and research; and completes detailed documentation
* Develops, implements, administers and enhances the BSA/AML/OFAC/USA Patriot Act monitoring systems to ensure that appropriate parameters are in place to identify suspicious and/or fraudulent activity
* Conducts BSA/AML/OFAC risk assessments at least annually with consideration to products, services, members and geographies that may present BSA/AML/OFAC related risks
* Updates and revises BSA/AML/OFAC and all other related compliance policies and procedures
* Acts as a liaison/contact for examinations, internal audit and external audits of the BSA/AML compliance programs
* Responds to exams and audit concerns and oversees corrective action of all related compliance deficiencies
* Provides company-wide BSA/AML/OFAC coaching and training to company staff
* Responsible for anti-fraud program(s)
* Other duties as assigned
Requirements:
* Minimum 5+ years of previous BSA/AML/OFAC experience within a regulated financial institution
* Working knowledge of BSA/AML/OFAC requirements including customer risk rating, AML monitoring and testing, and suspicious activity reporting
* Knowledge of BSA/AML software systems
* ACAMS certification is a plus
* Ability to work independently and successfully manage multiple projects simultaneously
* Excellent written and verbal communication skills
This position offers a full range of benefits including Health, Dental, and 401k.
Equal Opportunity Employer
M/F/Disability/Vet.
Member FDIC - Equal Housing Lender - NMLS ID 401285

Keywords: Colonial Savings, Fort Worth , BSA/AML Manager, Executive , Fort Worth, Texas

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