BSA Manager

Hybrid work may be considered dependent upon work experience and qualifications.

The First National Bank of Bastrop is proud to be named a Best Place for Working Parents®. We offer an opportunity to work with a financial institution that prides itself on excellent customer service and a competitive compensation and benefits package that includes:

• Employer paid benefits:
  • Paid time off
  • Paid parental leave
  • Paid volunteer time
  • Employee Stock Ownership Plan with 401(k) Provisions (KSOP) with match
  • Up to $800 match on Health Savings Account (qualifying medical plan required)
  • Life/AD&D/LTD insurance
  • Tuition reimbursement
• Optional benefits:
  • Medical insurance
  • Dental insurance
  • Vision insurance
  • Supplemental coverages
    • Short term disability
    • Cancer
    • Critical Illness
    • Accident
  • Medical Spending Accounts
    • Flexible Spending Account (FSA)
    • Health Savings Account (HSA)
    • Dependent Care FSA

Description:

This position is responsible for assisting in overall compliance with all aspects of the Bank’s BSA program. Furthermore, the BSA Manager shall be responsible for monitoring higher-risk customer activity, including related research and reporting as warranted. This position is also responsible for assisting in annual employee training on BSA as set forth in the BSA program. This position may have management responsibilities for additional BSA staff.

Essential Functions:

• Assist in adhering to, enhancing and updating the Bank’s BSA/AML and OFAC Risk Assessment including annual collection of data and reporting for MLR reporting.
• Monitor transactions, accounts and customers to ensure the detection of potentially suspicious activities.
• Maintain an up-to-date database of customers subject to Enhanced Due Diligence (EDD); update and revise as needed.
• Manage Customer Due Diligence (CDD) and Account Due Diligence (ADD) efforts.
• Ensure appropriate Enhanced Due Diligence (EDD) is performed where applicable.
• Monitor and review higher risk customer activity in accordance with the bank’s procedures.
• Assist in conducting annual training of bank employees and the board of directors in accordance with the BSA and the Bank’s BSA program.
• Act on the Bank’s behalf in filing Suspicious Activity Reports (SARs) and applicable supporting documentation based on the outcome of the appropriate committee and reporting requirements.
• Assist in the Bank’s Suspicious Activity Report (SAR) efforts by collecting information provided by frontline staff or identified through the bank’s automated BSA/AML monitoring system. Research the information necessary and present findings and recommendations to the appropriate committees.
• Maintain a sophisticated working knowledge of the bank’s automated BSA/AML monitoring system. Monitor and recommend updates to achieve system efficiencies to effectively manage usage of the system and to stay abreast of regulatory expectations.
• Maintain current knowledge of BSA/AML financial trends, topics and information.
• Assist in Currency Transaction Report (CTR) filing submissions as needed.
• Assist in reviewing systems and controls in place to ensure BSA compliance.
• Assist in performing scheduled and impromptu monitoring and testing reviews as needed to determine compliance with applicable BSA/AML/OFAC-related banking laws and regulations and evaluate internal control systems, identify any exceptions, and report the results to the BSA Officer.
• Assist in analyzing various operations or plans to determine that they reflect the established BSA/AML policies of the Board of Directors and management and regulatory requirements.
• Participate in independent BSA/AML audit and regulatory examinations through preparation and review of requested information, communications with auditors/regulators, and documentation and corrective action for best practice recommendations or findings.
• Perform related duties as assigned.

Bank Secrecy Act Duties:

• In the performance of respective tasks and duties, this position will maintain knowledge of Bank Secrecy Act regulations and all other regulatory, security, and Bank policies and procedures.

Company Conformance:

• In compliance with all applicable regulations and Bank policies, the employee is expected to successfully produce quality work within deadlines, with or without supervision; interact professionally with other employees, customers, and vendors, while always respecting the need for confidentiality of customer information.
• The employee will work effectively as a team contributor on all assignments; and work independently while understanding the necessity for communicating and coordinating work efforts with other employees and organizations.
• Furthermore, the employee is encouraged to actively represent the Bank to customers and the general public, promoting the integrity, validity, and mission of the Bank, and developing favorable relationships and lending opportunities; participate in community organizations, events, and activities.
• The employee is also expected to maintain a commitment to continuing education in the banking field through self-study and both in-house and outside training opportunities in all applicable banking policies, procedures, and regulations.
• Regular and punctual attendance is expected and appropriate attire is required at all times, while either performing job functions or representing the Bank at outside events and activities.

Minimum Qualifications:

• Bachelor’s degree in Business, Finance, Accounting, Economics, or related field, or equivalent combination of course work and work experience.

• At least five years of progressive experience in Bank Secrecy Act/Anti-Money Laundering compliance in a banking, regulatory, or other financial institution environment

Preferred Qualifications:

• Certified Anti-Money Laundering Specialist (CAMS) or Certified Financial Crime Specialist (CFCS) or equivalent

• Familiarity with Jack Henry, Yellow Hammer BSA

• Proficiency with Microsoft Suite of products

Must also have the following demonstrated knowledge, skills, and abilities:

• Ability to maintain objectivity and independence.

• Ability to read, comprehend, and technically apply written policies, procedures, and regulations.

• Ability to diplomatically, yet effectively, communicate both verbally and in writing with all levels of Bank staff, directors, and regulators.

• Ability to use Bank equipment and computer system and information.

• Knowledge of Federal and State Regulatory requirements is preferred.

• Experience in reading and interpreting state and federal financial regulatory manuals preferred.