Bank Secrecy Act Officer Jobs

The Bank Secrecy Act Officer uses oversight systems, interdiction software, and audit processes to perform daily transaction monitoring and identify suspicious activity patterns. Supervises daily operations to identify and respond to suspicious activity violating current anti-money laundering (AML) regulations. Being a Bank Secrecy Act Officer leads investigations of suspicious activity to pursue corrective actions and ensure completion of required filings. Monitors activity and ensures adherence to Know Your Customer (KYC) protocols and regulatory requirements for required filings and reporti ... ng. In addition, Bank Secrecy Act Officer maintains extensive knowledge of financial regulations, risk management best practices, and changing fraudulent trends to develop and implement appropriate compliance procedures. Delivers compliance training with up-to-date regulatory information and procedures to develop and guide well-informed staff. Understands banking regulations such as the US Bank Secrecy Act (BSA) or other governmental anti-money laundering laws. Typically requires a bachelor's degree. Typically reports to a director. The Bank Secrecy Act Officer supervises a group of primarily para-professional level staffs. May also be a level above a supervisor within high volume administrative/production environments. Makes day-to-day decisions within or for a group/small department. Has some authority for personnel actions. Working as a Bank Secrecy Act Officer typically requires 3-5 years experience in the related area as an individual contributor. Thorough knowledge of functional area and department processes. More
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