AVP, Portfolio Credit
Synchrony
PythonSQL
SVP, BSA Manager
Open Bank
full-time
Posted on:
Location Type: Hybrid
Location: Los Angeles • California • 🇺🇸 United States
Visit company websiteSalary
💰 $160,000 - $185,000 per year
Job Level
Lead
About the role
- Manage and supervise the BSA staff and assure Bank compliance with the Bank Secrecy Act, USA PATRIOT Act, OFAC, and other applicable laws.
- Keep Board of Directors and Senior Management informed on new BSA requirements and present reports on BSA activities timely.
- Function as the subject matter expert for BSA/AML & OFAC compliance.
- Review and update policies and procedures associated with BSA/AML/OFAC and related operating processes across departments.
- Drive implementation of policies, procedures, and controls to prevent money laundering and ensure OFAC sanctions compliance.
- Ensure BAM software, OFAC screening software, and OFAC database are functioning as intended.
- Maintain infrastructure to support OFAC sanctions and regulatory control lists and provide guidance in decision making.
- Coordinate and administer employee BSA training and monitor its effectiveness.
- Ensure all BSA-related reporting and filing is completed timely and accurately.
- Oversee dissemination of BSA/AML/OFAC laws through the Bank.
- Coordinate and respond to the Bank’s annual internal BSA audit and the Safety and Soundness Exam for the BSA portion.
Requirements
- Bachelor’s degree in Business Administration or related field or equivalent experience required.
- Minimum seven years of experience in banking or financial industry and three in a management position required.
- Direct experience with regulators, auditors, and other consultants in the industry.
- Ability to retain a broad knowledge of tasks performed in banking functions.
- Ability to analyze and organize financial information and perform complex financial calculations.
- Detailed knowledge of BSA and OFAC regulations, and related laws and documentation.
- CAMS Certification is preferred.
- Excellent written and oral communication skills; ability to communicate effectively and project a professional image when giving and taking information in writing, in person, and over the phone.
- Ability to demonstrate the highest level of ethical behavior.
- Organizational ability with strong supervisory and management skills.
- Ability to remain flexible in order to adapt to changes in the work environment.
- Ability to respond effectively to the most sensitive inquiries or customer complaints.
- Ability to make effective and persuasive speeches and presentations on controversial or complex topics to top management, employees, regulators, or board members.
- Ability to take initiative and prioritize tasks; good time-management, problem prevention, and problem-solving skills.
Benefits
- Medical, Dental, & Vision : Open Bank offers medical, dental, and vision insurance for all full-time employees and their immediate family members. Employees become eligible for insurance benefits on the first of the month following their hire date.
- Life, Accidental Death & Dismemberment, & Long-Term Disability : Open Bank pays 100% of the cost.
- Flexible Spending Account (FSA) : Tax-advantaged financial accounts are offered for employees to pay for eligible out-of-pocket expenses (health, dependent care, transit, and parking) with pre-tax dollars.
- 401(k) Retirement Savings Plan : Open Bank matches 100% of the first 6% of employees' contributions. Employees are eligible to participate on the first of the month following 90 days of employment.
- Paid Time Off (PTO) : Employees begin to accrue PTO hours at the time of hire to use for vacation, illness, or other personal reasons.
- Employee Assistance Program (EAP) : The EAP offers counseling sessions, online tools and resources, and legal and financial guidance for employees and their family.
- Company Paid Lunch: Open Bank provides company paid lunch twice a week.
- Competitive compensation and benefits package to recruit, retain and reward top talent.
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard skills
BSA complianceAML complianceOFAC compliancefinancial analysispolicy developmentregulatory reportingfinancial calculationsBAM softwareOFAC screening softwareBSA audit
Soft skills
communication skillsorganizational skillssupervisory skillsmanagement skillsflexibilityproblem-solving skillstime-management skillsinitiativeethical behaviorpresentation skills
Certifications
CAMS Certification
