BSA, Deposit Compliance, & Security Officer

As the BSA, Deposit Compliance, and Security Officer, you will be at the forefront of ensuring the safety and security of the bank's assets and its customers. This role is responsible for the development, implementation, and ongoing management of the Bank Secrecy Act (BSA), Deposit Compliance and Security programs. You will collaborate closely with the VP - Compliance & Risk Manager to stay ahead of emerging deposit compliance trends and provide strategic guidance to mitigate risks. By proactively enhancing controls and processes, you will play a key role in safeguarding our institution.

PRIMARY RESPONSIBILITIES:

BSA / AML Program Management

• Lead and manage the BSA (n/k/a AML/CFT) program, ensuring full compliance with all applicable laws and regulations to combat fraud, money laundering and the financing of terrorism.
• Oversee and refine the Customer Identification Program (CIP), Customer Risk Assessments, and Customer Due Diligence procedures.
• Perform Enhanced Due Diligence for high-risk customers and activities, identifying necessary actions to mitigate potential risks.
• Ensure accurate and timely filing of Currency Transaction Reports (CTRs) and Suspicious Activity Reports (SARs).
• Regularly update and maintain BSA-related policies, procedures, and training for staff.
• Stay current by participating in annual BSA/AML/OFAC training and ensure the Board and staff receive adequate annual training on BSA/AML and OFAC compliance.

Deposit Compliance Management

• Serve as the subject matter expert for Deposits-related regulations including Regulation CC, DD, E, Overdraft Programs, Privacy, UDAAP.
• Perform complex compliance reviews to ensure that the compliance system of controls and procedures are operating effectively and able to identify areas in need of improvement.
• Develop, review, and maintain policies and procedures, ensuring they align with current regulations and industry best practices.
• Collaborate with other departments to ensure adherence to regulations.
• Support the development of new products, services, processes, and systems ensuring compliance is built into every step.
• Design and deliver comprehensive Deposit Compliance training for bank staff.
• Approve marketing materials and advertisements, ensuring compliance with regulatory requirements.
• Stay informed on emerging compliance issues by attending relevant training and continuously enhancing your expertise.
• Assist with Consumer Complaints identifying deposit-related compliance issues.

Security Program Management

• Design, implement, and manage all aspects of the bank's security program, including physical and information security.
• Collaborate with the IT department to ensure robust Information Security protocols.
• Act as the go-to expert on fraud prevention across all bank departments.
• Regularly update and maintain the bank's Security Policy, ID Theft Policy, and ensure the staff is well-trained on these protocols.
• Dedicated Privacy Officer, responsible for developing, implementing, and maintaining privacy policies and procedures ensuring compliance with data protection laws and advising on privacy related matters and provide training to staff.
• Participate in and deliver security training at least annually, ensuring the entire organization is well-versed in security practices.
• Manage the bank's camera, security, and key systems for all of the bank's locations and maintain relationships with the vendors that provide these services.