The Bank Secrecy Act (BSA) Officer is responsible for developing, implementing, and administering all aspects of the bank's Bank Secrecy Act, including the USA PATRIOT Act, regulations issued by the Office of Foreign Assets Control (OFAC) and any other anti-money laundering (AML) laws and regulations.

This position ensure compliance with federal and state regulations and acts as primary liaison to all departments and branches for all BSA functions, including but not limited to Currency Transaction Reports (CTRs), potential Suspicious Activity Reports (SARs), OFAC, and Financial Crimes Enforcement Network (FinCEN) monitoring and reporting to the Company's Board of Directors, and for Internal Audit as well as regulatory examinations.

ESSENTIAL JOB RESPONSIBILITES:

Compliance Program Oversight:

• Develop, implement, and maintain a robust BSA/AML/OFAC compliance program.
• Monitor changes to BSA/AML regulations and update policies and procedures accordingly.
• Monitors and ensure compliance with BSA/AML laws, regulations, and guidelines, updating policies and procedures as necessary.

Transaction Monitoring and Oversight:

• Manage the bank's BSA/AML transaction monitoring system to detect suspicious activity.
• Establish and adjust rules and thresholds for transaction monitoring based on risk assessments and emerging trends.
• Perform periodic tuning and validation of the monitoring system to ensure effectiveness.
• Review and investigate alerts for potentially suspicious activity, ensuring proper documentation and escalation.
• File Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs) accurately and timely.

Risk Assessment and Monitoring:

• Conduct periodic risk assessments of the bank's BSA/AML program.
• Oversee the monitoring and analysis of suspicious activity reports (SARs) and currency transaction reports (CTRs).

Training:

• Develop and deliver ongoing BSA/AML and OFAC training programs for employees and management.
• Ensure all staff are aware of their responsibilities under the BSA/AML program.

Reporting:

• Prepare and present BSA/AML compliance reports to the Board of Directors and senior management.
• Serve as the primary point of contact for regulatory exams and audits related to BSA/AML compliance.

Team Leadership:

• Supervise and mentor compliance team members.
• Ensure the team stays up-to-date on regulatory changes and best practices.

JOB REQUIREMENTS:

Education: Bachelor's degree in related field or the equivalent combination of training, education and experience.

Work Experience: Minimum 5 Years work experience in in BSA/AML compliance, preferably within a banking environment.

Supervisory Experience: 3+ years of supervisory experience

Licenses/Accreditations: CAMS (Certified Anti-Money Laundering Specialist) certification preferred.

Computer Skills: Proficient with Microsoft Office Suite

Other Requirements:

Team player with highly effective interpersonal skills, ability to work closely with internal business units and effective representation of organization positions on issues.

Excellent communication and interpersonal skills, with the ability to interact effectively with regulators, auditors, and staff at all levels.

Ability to work independently on multiple issues concurrently and to exercise independent judgment in establishing priorities.

Ability to organize work, make sound decisions and exercise good judgment.

Ability to think strategically and advocate a proposed course of action while remaining flexible as circumstances change.

Ability to perform effectively in fast-paced environment with short deadlines and changing priorities.

Strong analytical, organizational, and problem-solving skills.

Preferred Skills/Experience

Extensive knowledge of applicable BSA/AML/OFAC laws, regulations, and guidelines.

Experience managing and optimizing BSA/AML transaction monitoring systems.

The applicant who is selected for this position will be eligible for the following compensation and benefits:

• Targeted hiring range based on experience: $75,000 - $110,000. This range is an estimate based on potential employee qualifications and other considerations permitted by law under the Colorado Equal Pay for Equal Work Act and Equal Pay Transparency Rules.
• Bonus Eligibility: Annual bonus based on Company Bonus Plan/Individual Performance and is at the Company Discretion.
• Benefits: Medical, Dental, Vision insurance. Disability insurance. Employee assistance program. Flexible spending account. Health savings account. Life insurance.
• Paid Time Off: Vacation and sick leave, as well as paid Bank Holidays.
• 401(k): Company match begins with the first contribution and follows the company vesting schedule.
• Other: access to career training and development opportunities, employee discounts.
• For more about InBank and our culture, visit us here: Who We Are

InBank is an Equal Opportunity Employer committed to creating a diverse workforce. We support a work environment where colleagues are respected and given the opportunity to perform to their fullest potential. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, or any other characteristic protected by applicable federal, state, or local laws.

Compensation details: 75000-110000 Yearly Salary

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