Compliance & BSA Officer
About this role
Position : Compliance & BSA Officer
Department: Office of the President
Reports To: President
Location: 7450 Campus Drive, Suite 210, Colorado Springs, CO 80920
Onsite : Yes
Exempt : Yes
Compensation: $60,000 - $80,000/year
Bank19 offers a comprehensive benefit package and PTO (paid time off) for eligible employees. The benefit package includes Health, Dental and Vision Insurance, options to participate in a Health Savings Account, Flexible Spending Account, Life and AD&D coverage, voluntary Supplemental Life, voluntary Short-Term, Long-Term Disability and Supplemental insurance. In addition, eligible employees have the option to participate in a company retirement plan.
Role Overview:
The Compliance and BSA Officer serves as a key member of the risk management team, responsible for developing, implementing, and administering all aspects of Bank19's Bank Secrecy Act (BSA), Anti-Money Laundering (AML), OFAC, and regulatory compliance programs. This individual acts as the primary expert and liaison for regulatory compliance, ensuring the bank adheres to all applicable federal and state banking laws, rules, and guidance. Maintaining a strong culture of compliance, the Compliance and BSA Officer works closely with senior management, staff, regulatory examiners, and auditors to identify risk, implement internal controls, and protect the reputation and integrity of the bank.
Essential Functions:
• Oversee and manage the daily operations of the bank's BSA/AML, Customer Identification Program (CIP), Customer Due Diligence (CDD/EDD), and OFAC screening processes. • Monitor, analyze, and investigate potential suspicious activity, ensuring timely and accurate filing of Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs). • Develop, maintain, and regularly update bank-wide compliance policies, procedures, and risk assessments to reflect changes in regulatory standards and bank operations. • Serve as the primary contact for regulatory bodies, regulatory examinations, and independent third-party compliance and BSA audits. • Conduct ongoing monitoring and reviews across operational and lending departments to evaluate adherence to consumer compliance laws (including RESPA, TILA, HMDA, CRA, Flood, and Fair Lending). • Review marketing materials, product descriptions, and disclosure documents for regulatory compliance prior to implementation. • Coordinate and deliver comprehensive compliance and BSA training to all bank personnel and the Board of Directors. • Prepare and present regular compliance and BSA status reports to Executive Management and the Board of Directors. • Track and remediate audit and exam findings, ensuring corrective actions are implemented promptly and effectively. • Regular, reliable, and predictable attendance is an essential function of this role. • Perform other duties as assigned.