BSA AML OFAC Officer

Main Office (614) 796-4747
9494 Wedgewood Boulevard Toll Free: (844) 225.9265
*Powell, Ohio 43065 www.JoinBSB.com
*

Position Title: BSA/AML/OFAC Officer & Audit/Compliance Analyst
Department: Compliance & Legal
Position Reports to: VP, Senior Compliance & Legal Officer
Position Supervises: No current supervisory responsibility

Position Summary:
Under the supervision of the VP, Senior Compliance & Legal Officer, this position is responsible
for the development, implementation, leading, management, administering, and oversight
primarily of all aspects of the corporate-wide Bank Secrecy Act (BSA) Compliance Program,
which will be designed to ensure a high level of compliance with BSA/AML/OFAC laws and
regulations and to mitigate risks from civil money penalties and enforcement actions. This
position will collaborate across lines of business, interact with senior management and present
before various Board and management committees and working groups.

This position is required to be fully knowledgeable and skilled in all areas of BSA/AML/ OFAC
(Approximately 80% of time spent) & some general Audit & Compliance (Approximately 20%
of time spent).

Duties and Responsibilities:

• Develop and oversee control systems to manage all aspects of the Corporate-wide Bank

Secrecy Act (BSA), Anti-Money Laundering (AML), Office of Foreign Assets Control
(OFAC) programs from a Leadership and Strategic perspective. Prepare and implement
corporate BSA, AML, and OFAC policies. Evaluate and revise control systems and
procedures as risks emerge.

• Provides Leadership and Direction to proactively and consistently instill an enterprise-

wide Culture of Compliance with all BSA, AML, and OFAC obligations. Serves as the
Bank’s subject matter expert on the BSA, USA PATRIOT Act, and OFAC sanctions, as
well as related regulatory guidance and industry best practices.

• Performs and directs ongoing BSA, AML, and OFAC risk assessments; identifies

acceptable level of compliance risk and corresponding controls; identifies and provides
solutions to address gaps in controls, mitigate risks, and enhance training.

• Monitors and tracks BSA, AML, and OFAC related laws and regulations that may affect

corporate projects, strategic plans, policies and procedures and develops and coordinates
implementation plans with affected areas.

• Advises the Board of Directors and Senior Management of emerging BSA, AML, and

OFAC compliance issues as necessary. Prepares and delivers to executive management
and board/committees of Board periodic reports related to BSA, AML, and OFAC
compliance. Support identification, compilation and reporting of Key Risk Indicators and
Performance.

• Serves as the primary point of contact responsible to manage and administer state and

federal BSA, AML, and OFAC examinations and independent reviews; develops

Main Office (614) 796-4747
9494 Wedgewood Boulevard Toll Free: (844) 225.9265
Powell, Ohio 43065 www.JoinBSB.com

responses thereto; ensures compliance deficiencies are addressed and corrective actions
are effective and validated.

• Manages all technical requirements of the BSA, AML, and OFAC regulations including

but not limited to timely identification and reporting of Currency Transaction Reports
(CTRs) and Suspicious Activity Reports (SARs) to regulatory agencies, managing
exempt and non-exempt person filings for CTR purposes, overseeing the collection and
retention of customer information to comply with the customer identification and
customer due diligence programs and initial and ongoing enhanced due diligence of
higher risk customers, and utilizing and responding to 314a and 314b requests. Works
with line of business units to investigate transactions that are suspicious in nature and
represent potential loss to the organization.

• Establish and maintain an effective Customer Due Diligence and Enhanced Due

Diligence risk rating and monitoring program to include initial and ongoing assessments,
and review and analysis of unusual/suspicious account activity

• Establish and maintain appropriate SAR investigation, review and reporting processes

that promote consistent decisions; adequate investigation and research; and complete and
detailed documentation

• Responsible for independent testing of BSA, AML, and OFAC compliance across all

lines of business, document any findings, and submit ongoing reports. Establishes and
maintains a collaborative working relationship with all areas of the Bank; gains
consensus and directs BSA, AML, and OFAC activities in cooperation with applicable
line of business leaders for all areas of the Bank.

• Assist Audit department with specific testing, schedule planning, coordination with

internal/external auditors, & validation of audit findings.

• Assist with general compliance regulatory reviews and tracking of testing findings.
• Perform other duties as assigned.

Education, Certification, License and Experience:

• Bachelor’s Degree in business related field or equivalent combination of education and

experience; CAMS Certification preferred.

• Minimum 5 years in banking with a strong emphasis on BSA, AML, OFAC and some

general Audit & Compliance.

Skills and Knowledge:

• Extensive knowledge of Bank Secrecy Act/Anti-Money Laundering/USA PATRIOT Act,

OFAC regulations. General working knowledge and understanding of bank deposit
operations, lending activities, and other related consumer banking and compliance
functions.

• Responsible for knowing and ensuring compliance with applicable laws, regulations and

guidelines, as detailed in policies that include but are not limited to Bank Secrecy Act and
other applicable anti-money-laundering rules, Fair Lending, Community Reinvestment
Act, Gramm-Leach-Bliley Act, and other laws and regulations as they pertain to the
position.

Main Office (614) 796-4747
9494 Wedgewood Boulevard Toll Free: (844) 225.9265
Powell, Ohio 43065 www.JoinBSB.com

• Strong interpersonal, communication (written and verbal), and organizational skills with

the ability to work independently without significant supervision and collaboratively
within a team environment;

• Ability to interact effectively with all levels of management, legal counsel, law

enforcement, regulators and examiners while maintaining strict confidentiality;

• Ability to work in a fast paced environment, manage multiple concurrent projects,

positively adapt to changes, interpret and apply regulatory concepts to the tasks
performed, and maintain high performance standards;

• Strong decision making, analytical and investigative abilities with attention to detail and

accuracy;

• Proficient in Microsoft Office Suite (Word, Excel, PowerPoint).

Work Environment:
This job operates in a professional office environment. Work is normally performed in a typical
interior work environment which does not subject the employee to any hazardous or unpleasant
elements. This is NOT a fully remote position.

Physical Requirements:
The physical demands described here are representative of those that must be met by an
employee to successfully perform the essential functions of this job. While performing the duties
of this job, the employee is regularly required to speak or hear, stand or sit for long periods of
time, open filing cabinets, walk, stoop or bend, use hands to handle or feel and reach with hands
and arms. The employee must frequently lift and/or move up to 10 pounds, occasionally lift
and/or move up to 25 pounds and complete tasks requiring manual dexterity. Ability to drive a
vehicle for travel is required for the position. Buckeye State Bank is an Affirmative Action and
Equal Opportunity employer. We consider all qualified applicants without regard to race,
religion, color, sex, national origin, age, sexual orientation, gender identity, disability or any
other legally protected status. The above statements are intended to describe the essential
functions of the job and the qualifications of the person assigned to it. They are not intended as
an exhaustive list of all job duties, responsibilities and requirements. Duties, responsibilities and
activities may change or new ones may be assigned at any time with or without notice.
Reasonable accommodations may be made to enable individuals with disabilities to perform the
essential functions. This job description does not constitute a contract of employment.
Employment is “at will” and may be terminated at any time.

Benefits Include:

• Medical, Dental, Vision Plans
• Paid Time Off
• Company Paid Life insurance
• Company Paid Short and Long Term Disability
• 401K with employer match

Location: 9494 Wedgewood Boulevard Toll Free: (844) 225.9265

Powell,Ohio 43065, Powell, OH 43065

Job Type: Full-time