BSA/OFAC Officer (Risk Management)

First Volunteer Bank

Job Title:  BSA/OFAC Officer (Risk Management)

Job Details/Description

The Bank Secrecy Act (BSA) officer is responsible for developing, implementing and administering all aspects of the Bank Secrecy Act Compliance Program.

Essential function:

  • Advises Senior Management and Bank personnel of emerging compliance issues and consults and
    guides the Bank in the establishment of controls to mitigate risks.
  • Coordinates and revises the BSA/AML Program as necessary so it stays current.
  • Maintains a current knowledge of the Bank Secrecy Act and all related anti-money laundering
    and OFAC regulations; monitors legislative and regulatory developments regarding the Bank
    Secrecy Act and reports important compliance developments to board, management and other
    bank personnel.
  • Prepares for and coordinates regulatory and internal audits related to BSA compliance. Develops and approves responses to be sent to regulatory agencies and outside auditors/consultants.
  • Ensures new product and service development include full BSA/AML consideration.
  • Develops, coordinates, and facilitates training programs, sessions, and seminars to educate bank
    personnel about Bank Secrecy Act related compliance requirements and procedures.
  • Reviews all suspicious activity report (SAR) investigations and decides when to file suspicious
    activity reports. Maintains all SAR files and documented files for investigations that did not result
    in a SAR being filed.
  • Oversees monitoring program, including SAR filing and 314(a) reporting; directly responds to all
    314(a) and 314 (b) inquiries, escalate potential watch list hits and prepare required regulatory
  • Supervises and mentors staff, set and administers goals and sets performance objectives.
  • Prepares reports for the board of directors on a periodic basis and ensure that the board is kept
    fully informed of the BSA program.
  • Oversees review of data in YellowHammer software to track and investigate potential fraudulent
    and other types of transactions that could place the bank at risk.


• College degree preferred, but equivalent banking experience may be substituted
• Additional five years’ general banking or regulatory agency experience
• Bank Administration Institute, American Banker Association, or equivalent specialized BSA
• Understanding of legislative and regulatory processes
• Familiarity with all functional areas of banking
• Excellent communication (both written and verbal), influence and leadership skills.
• Ability to manage multiple demands and priorities

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

To Apply for this position, please go to the link below:

BSA/OFAC Officer | First Volunteer Careers (




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