This listing was posted on Professional Diversity Network.
Bank Secrecy Act Assistant Manager
Location:
Westborough, MA
Description:
Overview Under the direction of the BSA Officer, oversees and administers all aspects of the Bank Secrecy Act compliance program. Performs various quality control reviews and monitoring in the area of Bank Secrecy Act, Anti-Money Laundering, OFAC, Customer Due Diligence, Beneficial Ownership, Enhanced Due Diligence, and Customer Identification Program; ensuring that the Bank's BSA compliance efforts are maintained on a daily basis. Performs any function within scope of authority and expertise, to provide the highest level of service and responsiveness to customers and co-workers. Responsibilities Oversees day-to-day compliance with all aspects of the Bank Secrecy Act: including but not limited to daily monitoring of cash transactions, filing of currency transaction reports, sale of monetary instruments, exempt customer reporting, customer due diligence and enhanced customer due diligence, beneficial ownership, 314(b) information requests, 314(a) scans, suspicious activity reporting, AML alert processing, and OFAC. Supervises BSA staff inclusive of: daily activities, conducting annual employee performance reviews, providing ongoing counsel, training, development and motivation. Participates in hiring, salary, promotional, and termination recommendation process. Assists the BSA Officer with daily monitoring of automated solutions including review and communication of system updates, opens and monitors support tickets, and recommends configuration adjustments as appropriate. Monitors the completion of enhanced due diligence on high-risk customers, serving as second level reviewer and recommending changes to review forms and risk ratings when warranted. Supports investigation and reporting of suspicious activity to ensure Bank remains in compliance with regulations and Bank policy. Actively participates in the Bank's SAR committee, documents recommendations and completes quality review of completed SAR reports for new cases and re-files as needed. Monitors completion of all BSA/AML/OFAC related obligations through monthly and quarterly due diligence reviews and reports. Recommends BSA/AML/CIP/OFAC policy and procedure changes and assists the BSA Officer with implementation. Assists in preparation and remediation for BSA audits, system validations, and regulatory exams. Builds and maintains effective working relationships throughout the bank and with local, state and federal agencies. Closely monitors changes in the regulatory environment and communicates with the BSA Officer as needed. Provides pertinent management reports as required. Assists the BSA Officer with bank-wide training in collaboration with the bank's training department via both in-person presentations and training software applications. Completes ongoing external BSA/AML related training. Assists with periodic risk assessment and mitigation procedures. Regularly communicates statuses and updates to the BSA Officer. Represents the bank through participation in various industry and community activities. Performs all duties in accordance with prescribed regulatory compliance guidelines and Bank policies and procedures. Performs related and unrelated duties as may be required. Qualifications Education Bachelor's Degree or equivalent work experience, preferably in finance, accounting or related discipline is required Work Experience 3-5 years BSA/AML experience is required Additional Requirements Must be experienced using dynamic BSA/AML monitoring systems, preferably Verafin Must be knowledgeable in all areas of the BSA/AML and regulatory requirements Must be experienced in the areas of: SAR, CTR, CDD, OFAC, 314(a) and 314(b) Experience using core applications such as Fiserv DNA or COCC Insight preferable Must possess excellent communication, writing and presentation skills Self-motivated with solid analytical, investigative skills, and supervisory skills Must possess at least intermediate technology skills, including fluency in Word, Excel and Outlook applications Must exhibit strong attention to detail Must demonstrate discretion, confidentiality, and professionalism in this position PI236383497 Apply Here PDN-9b72622c-fa42-4d70-b907-35c2a36ef2e5
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More About this Listing: Bank Secrecy Act Assistant Manager
Bank Secrecy Act Assistant Manager is a Executive Assistant Manager Job at Monster located in Westborough MA. Find other listings like Bank Secrecy Act Assistant Manager by searching Oodle for Executive Assistant Manager Jobs.
Bank Secrecy Act Assistant Manager is a Executive Assistant Manager Job at Monster located in Westborough MA. Find other listings like Bank Secrecy Act Assistant Manager by searching Oodle for Executive Assistant Manager Jobs.