The Bank Secrecy Act (“BSA”) Officer is responsible for coordinating the development, implementation and administration of all aspects of FinWise Bank’s (“Bank”) corporate-wide BSA Program. This position monitors compliance with state and federal Bank Secrecy Act (BSA), USA PATRIOT Act, Anti-Money Laundering (AML), and OFAC laws and regulations. The BSA Officer will have regular interaction with the Bank’s business lines and executive management to ensure that the Bank’s BSA program remains in compliance with regulatory requirements. The BSA Officer is appointed by the Bank’s Board of Directors and reports to the Chief Risk Officer.
- Review, mentor, and coach the BSA team
- Complete overall BSA program Risk Assessment and update on a periodic basis
- Complete OFAC Risk Assessment and update on a periodic basis
- Review audit scope and engagement letters for BSA audits
- Compile monthly, quarterly, semi-annual, and annual reports for the Board
- Develop, maintain, and approve the Bank’s BSA related policies and procedures.
- Provide approval of all BSA Policies for the Bank’s Strategic Partner programs
- Develop and/or update BSA department procedures, written guidance, templates, etc.
- Contribute to new product risk assessments with other departments as it relates to new products that the bank seeks to potentially enter
- Contribute to a monthly emerging risks and enforcement actions newsletter
- Review and approve BSA related training schedules and content
- Develop BSA training materials as needed
- Provide periodic training to the Board of Directors
- Keep Bank employees updated on regulatory changes that impact their area(s)
- Work with business lines when implementing a new product or process
- Review all BSA questionnaires to identify and potential risks
- File CTRs to FinCEN, as needed
- File SARs to FinCEN, as needed
- Responsible to advise business units on various risk exposure and offer possible solutions to appropriately address BSA risks in accordance with the Bank’s risk tolerance and risk appetite
- Coordinate and assist in the administration of independent, state and federal regulator and auditor examinations and reviews.
- Coordinate responses to regulatory BSA-AML examinations and audits and actions taken to ensure deficiencies are corrected.
- Make recommendations to executive management when and where appropriate.
- Works with business units to investigate transactions that are suspicious in nature.
Knowledge, Skills and Abilities:
- Strong understanding of the FFIEC BSA Examination Manual
- Ability to be discreet with employee and customer information
- Thorough knowledge of banking
- Excellent computer knowledge and experience using Microsoft Excel and Word
- Ability to communicate effectively both in person and over the phone
- Strong attention to detail
- Ability to analyze situations fully and accurately and reach productive decisions
- Honesty and integrity, ability to make the right decision when faced with an ethical dilemma
- Ability to learn and effectively utilize bank systems and programs
- Understand government regulations with emphasis on the Bank Secrecy Act and related regulations
- Strong analytical and problem-solving skills to be used in operational evaluation and interpretation of compliance information
- Ability to interact effectively with all levels of management, including cross-functional and external stakeholders
- Broad thinker with ability to drive execution and achieve results
- Comfortable working under tight deadlines
- Independent; able to tackle tasks on your own or within a group environment
- Organized and motivated/self-starter
Required Education / Experience / License:
- BA/BS or equivalent professional experience
- 5+ years of experience within the banking industry
- 8+ years of direct experience or responsibility for BSA/AML
Preferred Education /Experience / License:
- Master’s degree or equivalent professional experience
- 10+ years’ experience within the banking or financial services industry
Minimum Essential Requirements:
- Sit or stand at a computer for long periods of time and look at a computer screen for several hours a day
- Work at an assigned FinWise office location
- Communicate with others in person, on the phone, virtual meeting and email
- Maintain confidentiality
- Maintain regular and punctual attendance
- Work overtime as assigned
- Travel overnight as required
- Work cooperatively with others
- Driving during the workday
- Comply with all company policies and procedures
Background check are required on all bank employees due to accessibility of Personally Identifiable Private Information.
FinWise is an equal opportunity employer and dedicated to diversity and inclusion in the workplace. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender identity, sexual orientation, age, marital status, pregnancy status, veteran status, or disability status.
FinWise provides reasonable accommodations to the known disabilities of individuals in compliance with the Americans with Disabilities Act. For accommodation information or if you need special accommodations to complete the application process, please contact the Department of Human Resource Management at (801) 545 – 6050.
Qualified applicants with criminal history and conviction records will be considered in accordance with legal requirements.