BSA Officer

Company Details


Bank of Marin, voted by our employees as one of the “Best Places to Work” in the North Bay Business Journal, is looking for a BSA Officer to join our Compliance team at our corporate office in Novato.

The BSA Officer is responsible for the planning, organizing, and conducting all aspects of monitoring activities related to Bank Secrecy Act (BSA), Anti-Money Laundering (AML), and OFAC compliance. Provides line of business advisory and governance oversight, including BSA/AML training, communications and strategic input across all lines of business. Responsible for quality control reviews, audits, and monitoring specific to BSA, AML, USA Patriot Act, Customer Information Program and Currently Transaction Reporting. Projects range from assisting business units in developing efficient BSA/AML processes that appropriately identify risk and adhere to bank-wide policy and setting the strategic vision of the BSA/AML program.

Serves as the Bank’s BSA Officer, responsible for administering and monitoring the Bank’s BSA/AML/OFAC program

Essential Job Functions:

  • Responsible for coordinating and monitoring compliance with the Bank Secrecy Act and bank’s BSA policy. Bank liaison with all federal agencies for matters pertaining to the BSA, and maintain all bank records required by the BSA policy.
  • Remains current with BSA regulatory compliance and establishes controls to mitigate risks emerging from new regulation, legislation and issues identified in the industry.
  • Responsible for the BSA/AML/OFAC risk assessments and policy for new and enhanced product and service development, assessing inherent risk and exposure, as well as applicable control environment.
  • Responsible for the bank’s Suspicious Activity (SAR) policy, and following all reporting requirements and maintain bank records.
  • Ensures completions of time-sensitive, regulatory mandated tasks (SAR, 314(a), 314(b), and law enforcement requests).
  • Ensures compliance with all bank policies and all applicable, federal and state laws, regulations and guidance related to BSA, AML and USA Patriot Act, etc.
  • Reviews updates and upgrades to the bank’s core systems and assesses the impact to the BSA and OFAC program and software.
  • Performs duties specific to the position and other functions as assigned.
  • Reviews recent proposed activities by regulatory agencies to identify potential impact to bank.
  • Prepares reports to Management and Board of Directors.
  • Contributes to a positive work environment.
  • Other duties as assigned.

Job Skill Level / Additional Requirements:

  • Minimum five years of specific BSA/AML/Fraud prevention and personal investigative experience and SAR filing experience in a financial institution.
  • CAMS certification is strongly preferred.
  • Comprehensive understanding of banking and all types of financial crime patterns, thorough knowledge of the Bank Secrecy Act and USA PATRIOT Act, as well as a strong understanding of OFAC regulations.
  • Must be able to carry out supervisory responsibilities in accordance with the organization’s policies and applicable laws.
  • High degree of analytical, problem-solving, and organizational, and project management skills.
  • Ability to interact with regulators and auditors.
  • Excellent verbal, written, and communication skills.
  • Good attention to detail and sound judgement.
  • Ability to work in a fast-paced, deadline oriented environment.
  • Knowledge of MS Office products and the ability to perform intermediate functions with Excel, Word and PowerPoint.
  • Prior experience with the following systems (or ability to learn within three months): FIS – IBS core system, FIS – PRIME AML system.
  • Strong writing, analytical, and communication skills and able to multi-task and complete projects on time.
  • Should be a self-starter, organized, and able to work independently, without supervision.

Professional Experience: 3 – 5 years related experience and/or training. Management experience is strongly preferred.

Educational Experience: Bachelor’s degree (B.A.) from four-year college or university; or equivalent combination of experience and/or training.

The Bank of Marin is a growing public company with career advancement opportunities. We offer competitive compensation and comprehensive benefit programs including medical, dental, vision, 401K, profit sharing and employee stock ownership plans, tuition reimbursement, and an employee volunteer program.

Bank of Marin is an equal opportunity employer. EOE AA M/F/Vet/Disability

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