What are the responsibilities and job description for the BSA Officer position at The Citizens Bank of Philadelphia?
| Position | BSA Officer |
| Reporting To | Chief Operating Officer |
| Location | Open |
About the Position
An internal partner who assesses and monitors the BSA/AML risks of the bank, while simultaneously developing policies and procedures for compliance and reporting that also promote operational efficiency.
About the Opportunity
The Citizens Bank opened in 1908 in Philadelphia, MS, and it quickly earned a reputation for safety, confidence, honesty, integrity, and hard work. Throughout its history, the bank held steadfast to its commitment to be a bedrock partner to the communities it serves. Today, still grounded in the principles on which we were founded, our bank serves the state of Mississippi through 26 branch offices and beyond with its digital and mobile banking solutions. Our high-tech, high-touch approach to full-service banking helps us provide the products and services of larger banks, but with a level of service that only a community bank committed to extraordinary service can provide. We're different. We appreciate and respect our past, but our sights are clearly set on building an even better bank for the future, and it starts with our people. Our commitment to making the bank a great place to work is woven into the fabric of our core values - SERVE.
Essential Duties
Develop, implement, and maintain a comprehensive BSA/AML compliance program, including policies, procedures, and controls to identify and mitigate risk. Assure bank policies are accurate, current and in compliance with federal and state regulations. Review and update policies as laws change. Provide guidance to senior management and the Board on matters relating to reporting and BSA compliance. Work with attorneys concerning BSA compliance and legal issues that occur. Interpret and disseminate information on regulatory matters. Develop/modify bank forms and contracts used in banking operations. Gather and compile information as requested by Federal and State bank examiners as well as bank's Internal Audit department. Perform regulatory and BSA compliance training for bank personnel as needed. Identify potential areas of BSA compliance vulnerability and risk, develop and implement corrective action plans for resolution of problematic issues, and provide general guidance on how to avoid or deal with similar situations in the future. Stay updated on current BSA/AML regulations and ensure the bank is adhering to all relevant laws and guidelines. Supervise BSA Specialists, who assist with various day-to-day compliance functions. Ensure proper reporting of violations or potential violations to duly authorized enforcement agencies as appropriate or required.
Perform all job functions in compliance with the requirements of banking laws and regulations. Perform other duties as required by supervisory personnel.
7-10 years or more successful experience within the BSA/AML field.
Strong understanding of BSA/AML regulations, with a demonstrated experience in the formulation of BSA/AML policies.
Knowledge and understanding of banking operations, processes, and products.
Exceptional verbal and written communication skills to interact with various levels of staff and regulatory agencies.
Excellent analytical and problem-solving skills.
Detail-oriented with strong attention to BSA/AML compliance requirements.
4-year degree in banking & finance, business management or related field preferred.
Certified Anti-Money Laundering Specialist (CAMS) certification preferred.
VEVRAA Federal Contractor
