BSA & OFAC Compliance Officer

Title: BSA & OFAC Compliance Officer

Key Responsibilities:

• Supervise all functions of the BSA, AML/CFT, and OFAC compliance program, including Customer Identification Procedures (CIP), enhanced due diligence, and monitoring systems
• Ensure timely and accurate completion of all required regulatory filings, including SARs, CTRs, and 314(a)/(b) submissions
• Oversee internal controls, system tuning, and policy documentation to support compliance with applicable laws and regulations
• Prepare for and coordinate responses to independent and regulatory audits related to AML and sanctions compliance
• Lead internal training initiatives related to AML/CFT and OFAC standards, policies, and regulatory updates
• Collaborate with senior leadership on strategic compliance improvements and institutional risk mitigation strategies
• Supervise and mentor a team of six compliance staff, with full departmental oversight following a planned leadership transition
• Maintain open lines of communication with banking staff, external regulators, and relevant agencies

Qualifications:

• Minimum 5 years of experience in BSA/AML and OFAC compliance within the banking or financial services sector
• Strong understanding of applicable regulations, including the Bank Secrecy Act, USA PATRIOT Act, and Office of Foreign Assets Control (OFAC) requirements
• Proven experience managing or contributing to audits, examinations, and regulatory reporting processes
• Strong leadership and communication skills; ability to manage staff and collaborate with senior leadership
• Familiarity with compliance monitoring tools, investigative systems, and documentation practices
• Prior experience transitioning into or replacing a retiring leadership role is a plus