Chief BSA (Bank Secrecy Act) Officer - Memphis, Tennessee United States - 11687

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Job #: 11687
Title: Chief BSA (Bank Secrecy Act) Officer
Job Location: Memphis, Tennessee - United States
Employment Type:
Salary: $220,000.00 - $330,000.00 - US Dollars - Yearly
Employer Will Recruit From: Nationwide
Relocation Paid?: Yes


Chief BSA (Bank Secrecy Act) Officer


The Chief BSA Officer provides mission critical program backing to support the Bank's cutting edge BSA compliance programs. 




Chief BSA (Bank Secrecy Act) Officer

  1. Uphold and review the BSA and Office of Foreign Assets Control (OFAC) monitoring system to guarantee that it has suitable tools to identify suspicious or fraudulent activities. 
  2. Monitor the Bank’s compliance with Anti-Money Laundering (AML) laws and identify suspicious activities related to money laundering, terrorist financing and illegal activity. 
  3. Safeguard adherence to various banking federal laws and regulations. 
  4. Establish the strategic vision of the BSA/AML program. 
  5. Supervise all staff members who provide operational support to the BSA Officer on all day-to-day matters. 
  6. Certify employees have the access, knowledge, training and resources required to maintain BSA/AML compliance in their individual areas of operation. 
  7. Manage projects covering a wide range of areas, from assisting business units in developing competent BSA/AML processes that properly identify risk and adhere to bank-wide policy. 
  8. Supervise all BSA/AML Officers with all BSA/AML/OFAC risk assessments for new and improved product and service development enterprise wide, including evaluating inherent risk and exposure as well as applicable control environment or control augmentations needed for feasible execution and launch of products and services. 
  9. Sustain a current awareness of the regulatory environment and emergent regulatory and financial crime risks that may impact the bank’s products/services, and BSA/AML controls. 


The successful candidate Chief BSA (Bank Secrecy Act) Officer must have the following experience: 

  1. Experience as the senior most BSA/AML role at a large bank or the second in command.
  2. Four-year college degree required, and completion of a graduate degree preferred
  3. Must be deeply well-informed on BSA/AML/KYC and OFAC matters as well as financial products, services, and bank operations. 
  4. A verifiable track record of interacting successfully with federal banking regulators. 
  5. Previous experience working with regulatory agencies, together with OCC, FDIC, CFPB, or state agencies.
  6. In addition to possessing a strong BSA/AML background and a sophisticated understanding of the risks related to the role, the candidate would preferably have some familiarity with or direct experience in sanctions compliance.

University - Master's Degree