BSA Compliance Officer

Position Title:  BSA Compliance Officer

Position Summary:

The BSA Compliance Officer is a leadership role with direct reports, reporting to the Vice President of Fraud Operations and BSA. This position is responsible for developing, implementing, testing, and administering TDECU’s enterprise-wide BSA, AML, and OFAC compliance program to ensure adherence to applicable laws and regulations. The role provides oversight and strategic direction for all BSA-AML-OFAC activities, incorporating industry best practices, sound risk management, and forward-looking compliance strategies.

The BSA Compliance Officer leads the BSA Department; designs and maintains internal controls, policies, and procedures; and partners with compliance and business units to strengthen second-line risk identification and assessment processes. The role maintains deep knowledge of compliance risk controls and the organization’s overall compliance risk profile.

Essential Duties and Responsibilities:

Enterprise BSA-AML-OFAC Program Ownership, Leadership & Governance

• Overall responsibility for the design, effectiveness, and ongoing administration of the BSA-AML-OFAC compliance program, aligned to TDECU’s business strategy and risk appetite.
• Serves as the accountable executive for the BSA function, with leadership responsibility for the BSA department and direct reports.
• Develops the annual BSA-AML-OFAC roadmap and priorities based on institutional risk.

• Maintains direct access to the Board of Directors and designated committees
• Prepares and delivers clear, accurate, and actionable reporting on program effectiveness, SAR activity, key risk indicators, examination outcomes, and recommended actions.
• Prepares clear, actionable Board and committee materials that summarize program status, exam outcomes, and recommended actions.
• Oversees third party BSA audits and model validation, tuning, and effectiveness; testing of AML and sanctions monitoring systems. Serve as the point of contact for BSA regulatory examinations, overseeing remediation, and Board reporting.  
• Ensures the BSA program is adequately staffed and resourced to meet regulatory expectations.
• Ensures continuity, quality, and timeliness of BSA‑AML‑OFAC execution by coaching the team and, when necessary, directly performing or supporting core compliance activities to address workload surges, complex cases, or emerging risk.
• Promotes a culture of compliance and ethical conduct across the organization.

Financial Crime Risk Management, Controls & Regulatory Execution

• Leads the annual BSA-AML-OFAC risk assessment, identifies areas of heightened compliance risk and vulnerability, and develops the annual compliance work plan and roadmap.
• Designs, implements, and oversees corrective action plans, quality assurance, testing, and ongoing monitoring using regulatory and industry‑standard methodologies.
• Owns execution of core regulatory requirements, including Customer Identification Program (CIP), Customer Due Diligence and Enhanced Due Diligence, high‑risk customer monitoring, OFAC compliance, and timely filing of CTRs, SARs, and FinCEN 314(a) and 314(b) reports.
• Holds final authority for BSA SAR filing decisions and ensures appropriate documentation and confidentiality.
• Monitors government notifications, sanctions updates, high‑risk jurisdictions, and enforcement actions to ensure appropriate system controls and reporting accuracy.

Regulatory Expertise, Policy, Training & Enterprise Partnership

• Maintains expert‑level knowledge of BSA, AML, OFAC, CIP, and related laws, regulations, and regulatory guidance; monitors emerging regulatory and industry trends and translates them into operational requirements.
• Develops, maintains, and enhances BSA-AML-OFAC policies, procedures, processes, controls, and training programs; ensures training is appropriate for employees and the Board and reviewed annually for effectiveness.
• Reviews new or modified products, services, systems, and processes for BSA-AML-OFAC impact prior to implementation.
• Partners across Legal, Risk, Compliance, Fraud, Internal Audit, Operations, and business units as part of the second line of defense; supports integration of BSA/AML metrics into enterprise risk reporting.
• Maintains required certifications and continuing education to remain current on regulatory expectations, enforcement trends, and best practices.

If applicable, please provide:

# of Direct Reports:

3-5

# of Indirect Reports:

Financial Responsibility: (Indicate type and amount of budget, sales volume, etc. for which this position is responsible)

$

Minimum Qualifications:

Education:

• Bachelor’s degree or at least seven (7) years of progressive BSA compliance management experience in a financial institution

Licensure:

• Certified Anti-Money Laundering Specialist (CAMS) certification required. Additional certifications (NCBSO, BSACS) preferred.

Experience:

• A minimum of 7 years of progressive BSA compliance management experience at a financial institution.
• Demonstrated experience drafting policies and procedures, establishing and improving processes, implementing compliance management programs and performing risk assessments.
• Experience working in a highly regulated environment and responding to inquiries and findings of regulators and auditors required.
• Experience reviewing, analyzing, and interpreting general business periodicals, professional journals, technical procedures, and laws and regulations required.

Knowledge, Skills, and Abilities:

• Strong working knowledge of the regulatory framework within which financial institutions operate, including but not limited to knowledge of:

• The Currency and Foreign Transactions Reporting Act of 1970—which legislative framework is commonly referred to as the Bank Secrecy Act, the USA Patriot Act, The Anti-Money Laundering Act of 2020, and related laws and regulations.

• Well-rounded knowledge of the credit union and/or banking industry, including all operational aspects, and the FFIEC Interagency BSA/AML Examination Manual.

• Excellent verbal and written communication skills; able to convey complicated advice and information in an understandable and engaging manner.

• Unquestioned integrity and excellent judgment.

• Excellent planning and organizational skills, including the ability to work independently on projects of high complexity with minimal supervision.

• Ability to maintain confidentiality and instill trust within the organization.

• Ability to prioritize appropriately to accomplish deliverables and meet deadlines where competing priorities exist.

• Fast learner who thrives in a high-demand environment; works well under pressure.

• Ability to handle conflicts with diplomacy.

• Strong emotional intelligence.

• Capable of working successfully as a leader, an individual contributor, and on teams including diverse sets of personalities and skill levels.

• Ability to collaborate and work effectively across functions (including Legal, Compliance, Risk Management, Fraud, Internal Audit, Operations, and Retail) in a fast-paced, high-volume, high-pressure environment.

• A business-focused, creative problem solver who is open to new ideas and new approaches.

• Willingness to continually learn and stay current on trends in the financial services industry.

• Strong working knowledge of Microsoft Office, Word, Excel, and Power Point.