Apply for the BSA Officer position
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Fintech bank who is looking to bring on board a “BSA Officer” to join lead their financial crimes department. This role is a 100% remote opportunity.
Responsibilities:
● Oversees the Financial Crimes Compliance team that performs daily review, monitoring, and analysis of various reports, logs, and transaction data to identify trends, unusual activity, and monitor large currency activity; determines if transactions are suspicious in nature, significant changes in balances, cash structuring in deposits, loan payments, and certificate of deposit purchases, wires or ACH transfers, monetary instrument sales, new account openings, etc.
● Develops, implements, and maintains an effective BSA/AML compliance program tailored to the unique challenges of Bitcoin Custody.
● Monitors and assesses the institution’s compliance with BSA/AML laws, regulations, and best practices.
● Oversees and enhances the transaction monitoring system to detect and report suspicious activities related to Bitcoin transactions.
● Conducts ongoing risk assessments specific to the Bitcoin Custody business, identifying and mitigating potential money laundering and terrorist financing risks.
● Ensures robust Know Your Customer (“KYC”) and Enhanced Due Diligence (“EDD”)processes for customer onboarding, due diligence, and ongoing monitoring, aligning with the unique characteristics of the digital asset landscape.
● Supervises the timely and accurate filing of Suspicious Activity Reports (SARs) as required by regulatory authorities.
● Contributes to comprehensive BSA/AML training programs for employees, fostering a strong culture of compliance throughout the organization.