The BSA/AML Compliance Officer will lead and oversee the Bank’s Financial Crime Risk Management (FCRM) program, ensuring compliance with BSA, AML, CFT, OFAC, and fraud detection regulations. This role is with The Symicor Group, a boutique talent acquisition firm staffed by former bankers and accountants, focused on placing top-tier banking and accounting professionals.
What You'll Do
- Lead and oversee the Bank’s Financial Crime Risk Management (FCRM) program, ensuring compliance with BSA, AML, CFT, OFAC, and fraud detection regulations.
- Design and implement appropriate quality control processes as part of the operational integrity of the FCRM program.
- Oversee transaction monitoring, suspicious activity reporting, and customer due diligence processes to ensure timely and accurate identification of financial crimes.
- Manage certain components of third-party relationships, including vendors and larger customers, ensuring they meet the Bank’s standards for financial crime risk management.
- Supervise and develop the BSA/AML/CFT team, fostering a high-performance culture and continuous professional growth.
- Work closely with internal stakeholders, including legal, compliance, risk management, and operations teams, to ensure the FCRM program is effectively integrated across the Bank.
- Develop and deliver training programs to ensure all employees understand financial crime risks and the Bank’s compliance policies and procedures.
- Promote a culture of compliance throughout the Bank, emphasizing the importance of financial crime prevention and detection.
- Ensure the FCRM program meets or exceeds regulatory standards, staying current with relevant laws, regulations, and industry best practices.
- Interpret and apply regulatory requirements, providing clear guidance to stakeholders and ensuring the Bank’s policies and procedures are compliant.
- Server as the primary contact for examiners during Financial Crime-related examinations, managing the entire process from engagement to resolution, including working closely with audit teams and managing any required audits.
- Act as a key liaison with regulators, auditors, and examiners, providing necessary documentation and explanations related to the FCRM program.
- Conduct regular risk assessments to identify and mitigate financial crime risks, ensuring effective controls are in place and continuously improved.
- Collaborate with senior management to integrate the FCRM program into strategic banking initiatives, ensuring it supports new business lines.
- Prepare and present regular reports to the Board of Directors on the FCRM program’s status, including key metrics, compliance updates, and emerging risks.
- Lead training and education initiatives for the Board on financial crime risks and regulatory changes, fostering informed decision-making and active engagement.
- Ensure continuous Board involvement in overseeing the Bank’s financial crime risk management efforts.
- Stay informed of emerging trends and technologies in financial crime risk management, incorporating advanced analytics and innovative solutions into the FCRM program.
- Regularly review and enhance the FCRM program’s policies, procedures, and technologies to ensure ongoing effectiveness and efficiency.
What We're Looking For
- Certified Anti-Money Laundering Specialist (CAMS) designation or equivalent required
- Five years direct experience leading a team or department
- Experience working directly with auditors to remediate compliance issues
- Experience in oral and written communications, including preparing reports and making presentations, to executive leadership, board and regulators
- Comprehensive understanding of bank deposit operations, lending activities, cash-intensive and high-risk business banking, and other related consumer banking and compliance functions
- Excellent communication and interpersonal skills
- Strong understanding of industry trends, laws, and the U.S. regulatory framework
- Experience developing and managing BSA/AML risk management programs at a federally regulated bank
- Ability to make important decisions under pressure
- Flexible and solution-driven perspective, and a determination and desire to find answers to complex issues
- Confident in managing policies, procedures and guidelines
- Exposure to curating, executing and monitoring compliance project
Nice to Have
- Bachelor’s degree in law, business administration, or similar discipline preferred
- Ten years direct experience in BSA/AML compliance, BSA/AML audit, regulatory examination, or a combination thereof
Team & Environment
- Supervisory role overseeing BSA/AML/CFT team
- Reports to Board of Directors, senior management, and regulators
Benefits & Compensation
- Full benefits package
Compensation: Up to $110,000
Work Mode
- Onsite role in Dallas, TX
- Not remote
The Symicor Group is an equal opportunity employer committed to diversity and inclusion in the workplace.
