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About the Role

The BSA/AML Operations Supervisor oversees daily AML compliance functions, manages the BSA team to ensure timely filing of SARs/CTRs, adherence to regulations, and high-quality investigation of suspicious activity. This role optimizes processes, provides training, and acts as a liaison between staff and management.

Responsibilities

• Supervise, train, and develop the team, ensuring high performance.
• Monitor daily AML transaction monitoring, alert investigations, Enhanced Due Diligence (EDD), and Currency Transaction Reports (CTR).
• Act as backup to BSA Officer in their absence.
• Monitor, investigate, and answer BSA/AML Monitoring software alerts to uncover money laundering and other illicit schemes and create cases when necessary.
• Conduct investigations as a result of accounts identified through analysis or in response to reports of unusual activity.
• Collaborate with company personnel regarding interactions with customers to aid in investigations.
• Conduct timely and thorough reviews of potentially suspicious activity through case management.
• Escalate suspicious activity cases to the attention of the BSA Officer.
• Review Currency Transaction Reports (CTR’s) for compliance; file on a timely basis; address errors with bank personnel.
• Conduct Enhanced Due Diligence (EDD) reviews on new and existing High Risk Customers.
• Ensure that proper risk ratings are assigned to customers and are accurately reflected in the BSA/AML Monitoring Software.
• Conduct internal audit and regulatory examinations; ensure appropriate documentation is maintained and available and findings are addressed and corrected in a timely manner.
• Participate in and make recommendations with respect to the decision process for reporting suspicious activity to FinCEN.
• Coordinate the periodic validation of BSA systems.
• Update all bank department and trust department employees regarding all BSA regulatory additions and changes affecting daily departmental operations, procedures, and/or programs.
• Ensure BSA recordkeeping and reporting requirements are processed in accordance with established guidelines and regulation timelines.
• Ensure appropriate documentation is maintained and available for internal/external audits and legal requests.
• Inform bank personnel with potential OFAC matches and conduct necessary research to ensure OFAC compliance.
• Ensure that the OFAC reviews are conducted appropriately and in a timely manner.
• File the appropriate OFAC Annual Report of Blocked Property when warranted.
• Investigate possible matches or requests generated by the BSA/AML monitoring software.
• Provide notice to FinCEN annually that we are participating in 314b information sharing as required.
• Review all new accounts for proper account opening documents, identification, and anticipated activity.
• Follow-up and work with Branch managers to resolve any irregularities that come from newly opened accounts identified by CIP review.
• Update policies and procedures to ensure compliance with BSA OFAC regulations, including customer and enhanced due diligence requirements.
• Recommend policy changes as necessary to the BSA Officer.
• Cross train on other department functions to be able to provide support if needed.
• Perform all duties and projects as assigned by management.

Requirements

• Two-year banking, business, or law related degree (or equivalent job-related compliance experience).
• 5 - 7 years regulatory compliance experience in BSA and OFAC.
• 3 - 5 years’ Management experience.
• Must be able to read and interpret laws and regulations.
• Flexibility to work additional hours including nights, weekends and holidays, as required.
• Frequently required to sit for prolonged periods of time.
• Mobility required greeting and assisting employees and visitors.
• Frequently required to skillfully operate a computer, telephone and other standard office equipment.
• Travel between all locations of the bank.

Skills

• Knowledge of banking, the internal structure of a bank, elements of bank operations and services.
• Understanding of bank secrecy, patriot act, OFAC and privacy laws and regulations.
• Self-starter with the ability to take initiative and utilize judgment to ensure the efficient and profitable operation of a branch.
• Leadership skills.
• Managerial skills.
• Business development skills.
• Demonstrated ability to lead a successful team.
• Effective communication skills.
• High level of confidentiality.
• Ability to interact with a large number of internal and external contacts.

Work Type

• Onsite

Experience Level

• 5 - 7 years regulatory compliance experience in BSA and OFAC
• 3 - 5 years’ Management experience

Education Level

• Two-year banking, business, or law related degree
• Bachelor’s degree

About the Company

• Orange Bank and Trust Company is committed to a policy of Equal Employment Opportunity and will not discriminate against an applicant or employee on the basis of age, sex, sexual orientation, race, color, creed, religion, ethnicity, national origin, alienage or citizenship, disability, marital status, military status or any other legally-recognized protected basis under federal, state or local laws, regulations or ordinances.

Equal Opportunity

• Upon request, individuals with disabilities may be entitled to a reasonable accommodation. A reasonable accommodation is a change in the way things are normally done that will ensure an equal employment opportunity without imposing an undue hardship on the bank. Please inform the Human Resources Department if you need assistance completing any forms or to otherwise participate in the application process or, at the appropriate time, to perform the essential functions of the job.