What are the responsibilities and job description for the VP, BSA Officer position at Fortis Private Bank?

Summary

The Fortis Bank Secrecy Act (“BSA”) Officer is responsible for the development, implementation, and administration of all aspects of the BSA Compliance Program. This position ensures the bank’s adherence to federal and state regulations regarding anti money laundering (“AML”), suspicious activity reporting (“SAR”), and other financial crimes regulations. The BSA Officer will work closely with various departments to ensure compliance and mitigate risk. The ideal candidate must react with high urgency to daily activity and be comfortable incorporating new and effective ways to achieve better results by adapting to evolving technology solutions.

Responsibilities

Program Development and Implementation :

Develop, implement, and maintain the BSA / AML compliance program.
Ensure the bank's compliance with BSA / AML regulations, including but not limited to the Bank Secrecy Act, USA PATRIOT Act, Office of Foreign Assets Control (“OFAC”), and other relevant regulations.
Update and revise BSA / AML policies and procedures as necessary to reflect changes in regulations and industry best practices.
Conduct regular BSA / AML policies and procedures as necessary to reflect changes in regulations and industry best practices.
Implement and maintain an effective Customer Identification Program (“CIP”) and Customer Due Diligence (“CDD”) processes.
Ensure enhanced due diligence (“EDD”) for high-risk customers.
Develop and deliver BSA / AML training and programs for bank employees, including new hires and annual refresher courses.
Stay current on regulatory changes and ensure the bank’s staff is informed and trained.

Monitoring and Reporting :

Oversee the monitoring and analysis of transactions for suspicious activity.

Ensure timely and accurate filing of SARs and Currency Transaction Reports (“CTRs”)

Coordinate with law enforcement and regulatory agencies during investigations.

Maintain comprehensive records of all BSA / AML compliance activities, including SARs, CTRs, risk assessments, and training records.

Ensure proper documentation of all compliance efforts and decisions.

Serve as the primary contact for BSA regulatory agencies and examiners.

Qualifications

Bachelor’s degree in finance, business administration, law, or a related field; advances degree preferred.

Certified Anti-Money Laundering Specialist (CAMS) or similar certification is highly desirable.

Minimum of 7-10 years of experience in BSA / AML compliance within the banking industry.

In-depth knowledge of BSA / AML laws, regulation, and best practices.

Strong analytical skills and attention to detail.

Excellent project and time management skills and ability to manage and prioritize rapidly changing workloads and meet deadlines.

Embodies the Fortis Bank culture principles and competencies and consistently demonstrates a positive, ambitious, and solution-oriented attitude with clients and team members.

Proficient and experienced in Microsoft Office suite products and technology, including but not limited to : Outlook, Microsoft Teams, Word, Excel, and PowerPoint.

Strong ability to adapt to systems and technology, including but not limited to : banking and / or trust core accounting systems, client relationship management tools, compliance management software, and common office collaboration and project management tools.

Communicates effectively and professionally, both verbally and via e-mail and other chat tools.

Excellent organizational skills, regularly demonstrating the ability to multitask, prioritize, and manage time efficiently.

Demonstrates strong interpersonal skills, with the ability to build meaningful professional relationships with senior management and team members.

ADDITIONAL INFORMATION

Reporting Structure : Reports to the SVP, Chief Compliance Officer

Corporate Title : Vice President

Position Title : Bank Secrecy Act (“BSA”) Officer

Office Requirements : This position offers a hybrid work schedule and is required to work in a Fortis Bank office location at least 3-4 days per week.

ABOUT FORTIS

Fortis Bancorp is the $1.3 billion bank holding company for Fortis Bank. Fortis Bank is a full-service bank that provides loans, deposits, and cash management services to businesses and their principals, with branch locations in Colorado and Utah. More information about Fortis Bank is available at .

At Fortis Bank, we pride ourselves in being a partner to our clients by providing a holistic and sophisticated banking experience. Our people enjoy being empowered with the ability to make a tangible impact in a progressive and meritocratic work culture.

We believe in hiring people greater than ourselves. We recognize, reward, and develop those individuals who make an outsized impact to our client experience and to driving our business forward.

Fortis Bank is a high growth commercial bank located in Colorado and Utah. Each of our hand-selected and exceptionally talented teammates contribute to the heart of our company culture that combines banking expertise and personalized service to create an unparalleled client experience.

Fortis is

Join a team where your expertise and passion can make a meaningful impact. Learn more today at .

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