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AVP BSA Officer

  • Location: NY, NY
  • Job Type: Direct Placement
  • Ref No: 19-04735
  • Date: August 02, 2019
  • Job title:

Michael Ziegelbaum

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Job Description - AVP BSA Officer

AVP BSA Officer



The NY branch of a foreign banking organization is seeking a BSA Officer. This is a newly independent role within the organization as the current BSA Officer holds other executive titles and roles. The organization believes having an independent BSA Officer will create a stronger compliance culture and relationships with regulators as well as decrease reputational and financial crimes risk. The NY branch executes a limited number of large sum transactions a month and has a fully formed BSA program in place. The incoming BSA Officer will maintain the current program and make enhancements as they see fit. The BSA Officer will primarily manage the relationships with NYDFS and FRB, maintain the 504 program, and supervise the overall program. The best candidates willl have at least 7-10 years of experience in BSA/AML generalist roles, preferably in a program oversight role, strong experience working with external state and federal regulators and an understanding of 504 obligations.



AVP BSA Officer Reports to:   New York Branch Head of Risk and Compliance

AVP BSA Officer General Function:   Ensure that the New York Branch is in compliance with all BSA regulations.



AVP BSA Officer Major Duties and Responsibilities:

”  Knowledge of BSA regulations.

”  Perform an annual review of the Branch BSA Manual and update, if required.

”  Gather and maintain documentation for annual NYS Regulation 504 Certification

”  On boarding of new customers.

”  Report and maintain logs for SARs and CTRs.

”  Maintain log for Subpoenas and ensure timely responses.

”  Responsible for the configuration and daily processing of the Prime Compliance Suite scheduled BSA/OFAC Risk Assessments and the timely review/approval of potential BSA and OFAC cases and alerts.

”  Perform an annual review of all related procedures, including, but not limited to OFAC, PEP & PEP Associations, BSA Risk Assessment, OFAC Risk Assessment and Customer Activity Monitoring Procedures.

”  Perform FinCEN 314a Compliance with in the mandatory time frame and maintain records for review by examiners.

”  Compliance of USA Patriot Act Section 311 and USA Patriot Act Section 326

”  Compliance with Regulation GG

”  Review of Foreign Financial Institutions for PEPs Associations

”  Update Country Risk if the FIS Prime Compliance Suite

”  Establish, review and monitor New York Branch employee annual Compliance Training and maintain records for review by examiners.

”  Perform and document the annual review of the Logical Administration for The Prime Compliance Suite

”  Obtain, review and document outcome of SOC 1 Reports for outsourced services with critical vendors.

”  Contribute to Branch Annual Compliance Program and periodic compliance BSA/AML reports required by Head Office.

”  Liaise with NY State or FRB regulators for any questions/issues related to BSA.

”  Assist Head of Risk and Compliance with other Compliance matters and regulations.

”  Serve as backup to Credit Administration




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