BSA Officer

Location Des Moines, IA

# of openings 1

Apply Now (https://phh.tbe.taleo.net/phh03/ats/careers/v2/applyRequisition?org=BANKERSTRUST&cws=37&rid=1655)

Job Brief

Responsible for developing and overseeing the Bank’s AML, CFT, CIP, OFAC, and information security programs in alignment with regulatory requirements and industry best practices. This position advises Bank management of emerging AML, CFT, CIP, and OFAC.

There are important qualities you look for in an employer – meaningful work, community engagement, competitive benefits, commitment to employee development, and so many more. At Bankers Trust, our team members experience an inclusive and community-focused culture and we’re proud of the premier workplace we’ve created. We regularly receive best in class results through our biennial employee engagement survey. We’re also proud to receive recognition from others, including our designation as a “Best Place for Working Parents®,” being a four-time recipient of the Greater Des Moines Partnership’s Inclusion Award, and being named one of the “Best Businesses Supporting Local Charity” by readers of the Business Record.

Job Summary:

The BSA Officer is responsible for developing and overseeing the Bank’s AML, CFT, CIP, OFAC, and information security programs in alignment with regulatory requirements and industry best practices. This position advises Bank management of emerging AML, CFT, CIP, OFAC and information security risks and guides the Bank in establishing controls to mitigate said risks. This position also manages a team of direct reports to perform and escalate AML, CFT, CIP, and OFAC related issues throughout the Bank.

Primary Functions and/or Responsibilities:

· Serves as enterprise-wide resource on AML, CFT, CIP, OFAC and information security related issues, including the resource for Bankers Trust subsidiaries and affiliates.

· Develops, updates and oversees the Bank’s AML, CFT, CIP, OFAC Program in a manner consistent with related rules and regulations, and continually assesses whether revisions are needed to align the same with the Bank’s risk tolerances in consideration of regulatory requirements and industry best practices, including the following:

· Oversees the administration and analysis of the Verafin platform

· Oversees the filing of accurate and timely CTRs

· Oversees the filing of accurate and timely SARs

· Oversees the Bank’s compliance with Sections 314(a) and 314(b) of the USA Patriot Act

· Oversees the timely completion of investigations related to AML, CFT, OFAC related issues impacting the Bank

· Oversees the Bank’s development of due diligence and monitoring processes for customers, including Money Services Businesses and Marijuana Related Businesses

· Oversees that full and complete corrective action is taken with respect to violations and deficiencies noted during monitoring, internal audits and supervisory examinations

· Oversees the ongoing updates to the AML/CFT/CIP/OFAC risk assessment

· Oversees the development and delivery of Bank training relating to AML/CFT/CIP/OFAC

· Oversees the completion of correspondent bank due diligence certifications

· Provides recommendations to leaders on customer account maintenance, based on the established program and alerts.

· Prepares and presents, to Bank management and the Board of Directors, reports on the Bank’s AML/CFT/CIP/OFAC Programs and related issues, including regulatory changes and legal actions pertaining to the same.

· Develops, updates and oversees the Bank’s information security program in a manner consistent with related rules and regulations, and continually assesses whether revisions are needed to align the same with the Bank’s risk tolerances in consideration of regulatory requirements and industry best practices, including, without limitation, information security related investigations, tabletop exercise, training, and Board of Directors reporting.

· Actively participates in various committees throughout the Bank, including without limitation, Enterprise Risk Management Committee (ERMC) and relevant ERMC Subcommittees.

· Maintains relationships with industry peers, including law enforcement agencies.

· Provides direct supervisory oversight and management to team members and promotes their growth and development within the Bank.

· Performs other duties as assigned.

Education and/or Experience:

· At least eight years of experience required, with at least five years of experience or training in AML, CFT, and OFAC related regulations, processes and practices required

· Four-year college degree in a related field preferred OR an equivalent combination of education and experience

· Supervisory experience required

· Certified Fraud Examiner, Certified Anti-Money Laundering and Fraud Professional, Certified Bank Security Manager, or Certified Anti-Money Laundering Specialist designations, credentials preferred

Specific Skills, Knowledge & Abilities:

· Ability to identify and implement practical solutions to complex business and regulatory problems

· Demonstrated flexibility and organizational skills to manage numerous and sometimes competing responsibilities of varying urgency and criticality within a fast-paced work environment

· Hardworking, responsive and adaptable to what the situation dictates, including possessing the diligence to advance matters independently, combined with the strong interpersonal skills to work effectively in a diverse team

· Excellent business discernment and the ability to evaluate risk from a business perspective

· Ability to communicate complex matters with various individuals, including senior management

· Knowledge of Bank operations required

· Proficiency with IBS Insight, Evision, and Verafin preferred

· Advanced knowledge of the Bank Secrecy Act; USA PATRIOT Act; Regulation CC; and Regulation E

Hiring Salary Range

The hiring range below reflects targeted base salary. Actual compensation will be determined based on the candidate’s prior related experience & education and will be finalized at the time of offer. In addition to base salary, most positions are also eligible to participate in our annual bonus program. Select positions may also be eligible to earn incentives and/or commissions. Hiring Salary Range: $84,000 - $110,000

Benefits

• Group Health, Dental, and Vision Insurance

• Generous Paid Time Off (PTO)

• Volunteer Time Off (VTO)

• 401(k) plan with lucrative company match

• Tuition assistance

• Company Paid Life Insurance

• Paid Parental Leave

• Lifestyle Accounts that provide employees with reimbursement for the things that are most important to them such as childcare, student loan payments, gym memberships, pet insurance and much more.

• Team Member Banking - a suite of products and services with special benefits for employees

Hybrid Eligibility: Position may be eligible for a hybrid work schedule (requiring some days in the office each week).

AFFIRMATIVE ACTION/EQUAL OPPORTUNITY EMPLOYER

“PROTECTED VETERANS” AND “INDIVIDUAL WITH DISABILITY”