Bank Secrecy Act (BSA) Officer Job Description Sample Template
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This free Bank Secrecy Act (BSA) Officer job description sample template was created in part with the OpenAI API and thoroughly edited and fact-checked by our editorial team. It can help you attract an experienced Bank Secrecy Act (BSA) Officer to your organization. We make the hiring process one step easier by giving you a template to simply post to our site. Make sure to add requirements, benefits, and perks specific to the role and your company.
Bank Secrecy Act (BSA) Officer Job Summary
The Bank Secrecy Act (BSA) Officer is responsible for ensuring the organization is compliant with all federal laws and regulations regarding anti-money laundering (AML) and Bank Secrecy Act (BSA). This position is the primary contact for all BSA/AML matters as well as for internal and external audits.
Bank Secrecy Act (BSA) Officer Duties and Responsibilities
- Monitor and identify suspicious activities and transactions in accordance with BSA/AML regulations
- Develop and maintain BSA/AML policies and procedures
- Provide training to staff on BSA/AML related topics
- Prepare and submit Suspicious Activity Reports (SARs)
- Ensure compliance with all federal laws and regulations
- Stay informed of changes in regulations and guidelines
- Monitor and review customer onboarding processes for compliance
- Develop and maintain a risk-based AML program
- Prepare and maintain BSA/AML reports for management
- Perform periodic customer due diligence reviews
- Partner with regulatory agencies as needed
Bank Secrecy Act (BSA) Officer Requirements and Qualifications
- Bachelor’s degree in a related field or equivalent experience
- 5+ years of experience in BSA/AML compliance preferred
- Knowledge of federal banking regulations and Bank Secrecy Act
- Able to analyze data and recognize potential risks
- Strong communication and interpersonal skills
- Organizational and problem-solving skills
- Proficient in Microsoft Office
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