The BSA Governance Manager works under the direction of the Dir, BSA Governance and is responsible for assisting with the development and maintenance of effective BSA/AML/OFAC policies and procedures, performing annual risk assessments, maintaining the BSA/AML/OFAC training program, and assisting with regulatory examinations and internal audit reviews.
Assists with the development and periodic update of all BSA/AML policies and procedures to ensure the Bank is adhering fully with all applicable rules, regulations, and guidance. Maintains a deep understanding of BSA/AML related regulatory changes and industry trends to ensure the Bank's policies and procedures meet industry standards. Performs annual BSA/AML and OFAC risk assessments to objectively measure the effectiveness of existing controls, evaluate risk mitigation efforts, and determine residuals risks. Assists with the creation and maintenance of the Bank's BSA/AML/OFAC training program and for targeted training for the BSA Department and relevant BPOs. Assists with internal audit reviews and regulatory examinations. Assists with the development of committee presentations. Assists the BSA Officer with the annual DFS 504 certification. Coordinates responses to internal audit and examination findings with the appropriate BSA Department personnel. Performs the BSA Department's risk and control self-assessments. Develops a set of qualitative and quantitative metrics which will help in identifying key trends and risks. Researches BSA/AML/OFAC related issues as they occur and provide appropriate clarification or interpretation to the BSA/AML Officer based on applicable rules, regulations, and guidance. Perform special projects, and additional duties and responsibilities as required. Where applicable and when performing the responsibilities of the job, employees are accountable to maintain Sarbanes-Oxley compliance and adhere to internal control policies and procedures.
EDUCATION AND EXPERIENCE
Bachelor's degree in business, finance or a related field. Juris Doctor preferred. Five to eight years of progressive experience in a senior BSA/AML/OFAC position in a bank or financial services institution. CAMS certification preferred.
KNOWLEDGE, SKILLS AND ABILITIES
Excellent knowledge of BSA/AML and OFAC requirements and regulations. Computer literate with proficiency in Microsoft Office. Strong research, analysis and problem solving skills. Strong project management and presentation skills. Excellent verbal, written and interpersonal communications skills. Excellent organizational and time management skills. Ability to exercise sound judgment.
- Computer Literacy
- Internal Controls
- Interpersonal Communications