Chief BSA/AML Officer – lead Anti-Money Laundering (AML) – Hybrid preferred / Remote OK at Beta Search Inc
Jersey City, NJ 07307
About the Job
What We're Looking For
The Chief BSA/AML Officer will be responsible for leading the Company’s Anti-Money Laundering (AML) and Bank Secrecy Act (BSA) compliance program. This role will report to the Chief Compliance Officer and will be responsible for the successful execution and continued development of the program.
Responsibilities:
The Chief BSA/AML Officer will be responsible for leading the Company’s Anti-Money Laundering (AML) and Bank Secrecy Act (BSA) compliance program. This role will report to the Chief Compliance Officer and will be responsible for the successful execution and continued development of the program.
Responsibilities:
- Build and manage teams responsible for developing and maintaining overall BSA/AML program, including policies and procedures, and requirements to ensure they remain up to date and reflective of current legal, regulatory and compliance obligations and in alignment with the Bank’s activities of numerous Fintech partners and clients.
- Provide thought leadership and advancement of the BSA/AML/OFAC and fraud program by leveraging technology and enhancing the Bank’s capabilities to support growth.
- Monitor compliance with requirements across core bank and fintech partners and ensures timely reporting and escalation of non-compliance in accordance with procedures.
- Develop, implement and maintain risk assessment and control framework through strong compliance policies, standards and procedures related to BSA/AML risks.
- Conduct customer due diligence (CDD), enhanced due diligence (EDD), and third-party due diligence as needed.
- Periodically review the Company’s monitoring process to ensure its effectiveness.
- Responsible for writing, managing and ensuring timely and accurate filing of required reports to FinCEN such as SARs and CTRs.
- Conduct annual BSA/AML and OFAC risk assessments and updates to the Company`s compliance program.
- Preparing management and board reporting that includes insights and analysis based on industry-leading knowledge of BSA/AML topics.
- Support internal audit and regulatory agency reviews of the program.
- Provide oversight and input for AML Compliance training to employees.
Qualifications:
- 15+ years of financial institution industry experience, or other regulated industry with financial crimes, BSA/AML, fraud, and payments experience
- Experience with payments activities and fintech payment operations
- Experience managing people and teams and program budgets
- Technical proficiency and system knowledge in BSA/AML platforms
- Bachelor’s Degree required; JD preferred
- CAMS certification preferred
Skills and Abilities:
- Ability to operate in a complex organization
- Excellent writing skills
- Possession of excellent Microsoft Office skills, especially Excel
- Broad financial services knowledge and knowledge of industry best practices for continuously improving a proactive BSA/AML program
- Demonstrated management skills required
- Strong collaboration and leadership abilities to strategically manage to high performance outcomes
- Excellent interpersonal and teamwork skills
- Demonstrated critical thinking and problem-solving skills
