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Bank Secrecy Act Officer

Civista Bank

This is a Full-time position in Sandusky, OH posted November 7, 2021.

Civista Bank


Position Purpose:

The Bank Secrecy Act Officer is responsible for developing, implementing, administering, and maintaining all aspects of the Bank Secrecy Act/Anti-Money Laundering Compliance Program which will be designed to ensure a high level of compliance with BSA/AML related laws and regulations, internal policies and procedures and Federal regulatory expectations. The position of Bank Secrecy Act Officer is required to be fully knowledgeable and skilled in all areas of BSA/AML Compliance and be able to independently recognize, develop, and implement cost effective compliance related solutions for the BSA/AML program.

Key Accountabilities, Responsibilities and Expectations:

  • Coordinate and oversee an effective Bank Secrecy Act/Anti-Money Laundering/OFAC Compliance Program that is in line with current industry best practices, regulatory guidance and requirements.
  • Establish and maintain an effective CDD/EDD risk rating and monitoring program to include initial and ongoing assessments, and review and analysis of unusual/suspicious account activity.
  • Establish and maintain appropriate SAR investigation, review and reporting processes that promote consistent decisions; adequate investigation and research; and complete and detailed documentation.
  • Conduct BSA/AML/OFAC risk assessments annually or as needed with consideration to products, services, customers, and geographies that may present BSA/AML/OFAC related risks.
  • Responsible for ensuring all required regulatory reporting is conducted in a timely, accurate, and compliant manner, including the filing of Currency Transaction Reports (CTRs) and Suspicious Activity Reports (SARs) to FinCEN, as well as, FinCEN 314(a) procedures and reporting.
  • Act as liaison/contact for examinations and internal and external independent reviews or audits of the BSA/AML/OFAC compliance programs. Participate in response to exam and audit concerns and oversee corrective action of all related compliance deficiencies or violations.
  • Responsible for updates and revisions to BSA/AML/OFAC policies and procedures and preparation of monthly BSA statistics for the Board of Directors.
  • Stay abreast of and analyze developing industry and compliance trends, scams or schemes, and changes to laws and regulations pertaining to BSA/AML/OFAC/USA Patriot Act. Advise Compliance Officer of emerging risks, new or amended laws, regulations, or agency guidance and recommend and implement changes and controls to mitigate those risks.
  • Supervise subordinate staff by hiring, coaching, counseling, training, disciplining and firing as need or required. Conduct fair, honest performance appraisal on direct report within the timeframe established.
  • Prepare materials and conduct training through-out the Organization as it relates to BSA compliance requirements.
  • All other duties as assigned and any activities that support the key accountabilities.

. Requirements:

Qualifications, Knowledge and Skills:

  • Bachelor’s Degree or equivalent experience.
  • Minimum of five years of prior financial institution BSA compliance experience in developing and implementing BSA/AML/CIP/OFAC policies, programs and procedures.
  • Knowledge of Bank Secrecy Act/Anti Money Laundering/U.S. Patriot Act, OFAC Regulations. General knowledge and understanding of bank deposit operations, lending activities, and other related consumer banking and compliance functions.
  • Strong interpersonal, communication (written and verbal), and organizational skills with the ability to work independently, as well as, collaboratively within a team environment.
  • Administration experience with an automated AML system including tuning and testing of alert thresholds and transaction mapping validation. Experience with FCRM system is a plus.
  • Ability to interact effectively with all levels of management, legal counsel, law enforcement, regulators and examiners while maintaining strict confidentiality.
  • Strong decision making, analytical and investigative abilities with attention to detail and accuracy.
  • Proficient in Microsoft Office Suite (Word, Excel).
  • A high level of initiative, thoroughness, accuracy and organizational skills required.

Physical Requirements:

  • Work involves eye strain due to the constant use of computer screens, reading of reports, spreadsheets, and so forth.
  • Work involves being able to concentrate on the matter at hand, under sometimes distracting work conditions.
  • Work involves lifting and moving files of up to 15 lbs.
  • Work involves ability to read, hear, write, and communicate professionally both in person and via telephone.
  • Work involves sitting for long periods at a time.
  • Work involves some travel to attend meetings, training, and so forth.

Pay Transparency Nondiscrimination Provision:

Equal Opportunity Employer EEOC M/F/D/V

This Position Description is not a complete statement of all duties and responsibilities comprising this position.

Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this position at any time.