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BSA Officer
Posted on 11/12/2022
Remote • Cheyenne, WY, USA
Experience Level
Desired Skills
  • Maintains a proficient knowledge of all applicable rules and regulations
  • Researches regulatory issues and responds to compliance questions from Bank personnel, using legal and regulatory reference materials, regulatory agencies, Bank legal counsel, and professional associations and organizations, as appropriate
  • Conducts self-assessments as scheduled
  • Assists in the development, revision or reviews of bank policies, procedures, disclosures, notices, and forms to comply with legislative and regulatory changes or new requirements
  • Ten years BSA AML Officer experience
  • 2-4 years compliance experience with a focus on stablecoin market (experience withindustry leaders such as Paxos, HUSD, Gemini preferred)
  • College degree, or equivalent banking experience
  • Association of Certified Anti-Money Laundering Certification (“ACAMS”)
  • Previous experience managing a team as well as developing the staff professionally
  • Understanding of legislative and regulatory processes related to BSA/AML and OFAC regulations and experience with interfacing with external regulators
  • Excellent oral and written communication skills
  • Ability to proactively identify and assess potential concerns and risks
  • Ability to resolve issues, work independently, and meet deadlines
  • Previous experience managing High Risk Enhanced Due Diligence requirements
  • Performs daily review, monitoring, and analysis of various reports, logs, and transaction data to identify trends, unusual activity, and monitor large currency activity; determines if transactions are suspicious in nature, such as kiting, significant changes in balances, cash structuring in deposits, loans payments, and certificate of deposit purchases, wire or ACH transfers, monetary instrument sales, new account openings, etc
  • Coordinate the development and implementation of SAR forms, notices, and procedures and monitoring processes for compliance with the Bank Secrecy Act and related regulations
  • Prepare for and coordinate regulatory and internal audit examinations
  • Ensure compliance with 314(a) and 314(b) (PATRIOT Act) responsibilities
  • Oversee and coordinate the BSA Monitoring and Filings
  • Ensures all required regulatory reporting is conducted in a timely, accurate, and compliant manner
  • Reviews watch lists and watch lists alerts. Analyzes possible matches and takes appropriate follow-up actions
  • Reviews anti-money laundering alerts for suspicious activity. Performs additional research to determine if activity is suspicious
  • Composes, reviews and files Suspicious Activity Reports (SARs) and conducts follow-up reviews to determine if subsequent SAR filings are required
  • Investigates staff reporting of possible suspicious behavior and files SARs as necessary
  • Researches and responds to information requests from FinCEN and other government entities
  • Experience with tuning, optimization and implementation of new scenarios and automated transaction monitoring systems
  • Prepare reports for the Chief Compliance Officer, Senior Leadership and Board of Directors on a periodic basis and ensure that senior management and the Board are kept fully informed of the BSA program, including but not limited to: Training Board members and other senior management on BSA compliancePresenting the written risk assessment and Bank Secrecy Act policy to the Board annually
  • Prepares the annual BSA/AML and OFAC Risk Assessment
  • Coordination and preparing for independent audits and regulatory examinations
  • Escalates risk or potential risk to the Chief Compliance Officer and senior leadership
Custodia Bank

11-50 employees

Digital asset banking & payment solutions
Company Overview
Custodia Bank's mission is to provide a full suite of banking and financial services tailored to business customers looking for enhanced regulatory clarity and minimized transactional risk as they traverse the digital asset frontier. The company has created a regulatorily compliant platform for businesses to transact across digital assets and the traditional financial system to help customers looking for enhanced regulatory clarity and minimized transactional risk.
  • Competitive Salary
  • 100% Remote
  • Competitive equity package
  • Amazing growth opportunity
  • Unlimited PTO
  • Medical, dental & vision coverage