What is a BSA manager?

A BSA Manager is responsible for overseeing a financial institution’s compliance with the Bank Secrecy Act (BSA), which aims to prevent money laundering and other financial crimes. This role typically involves developing and implementing policies, conducting risk assessments, managing audits, and ensuring staff are properly trained on anti-money laundering (AML) procedures. The BSA Manager also investigates suspicious activities and files necessary reports to regulatory agencies. They play a critical role in safeguarding the organization against regulatory penalties and criminal activity.