
Deputy BSA/AML Officer - To 120K - Boca Raton, FL - Job 3618
- Boca Raton, FL
- $120,000 per year
- Permanent
- Full-time
- Oversee transaction monitoring alerts, case management, and escalation of potentially suspicious activity.
- Review and approve Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs) prepared by analysts.
- Ensure timely filing of SARs, CTRs, and other required regulatory reports.
- Provide oversight of OFAC screening processes, including resolution of true matches.
- Manage enhanced due diligence (EDD) reviews of high-risk customers.
- Oversee transaction monitoring alerts, case management, and escalation of potentially suspicious activity.
- Review and approve Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs) prepared by analysts.
- Ensure timely filing of SARs, CTRs, and other required regulatory reports.
- Provide oversight of OFAC screening processes, including resolution of true matches.
- Manage enhanced due diligence (EDD) reviews of high-risk customers.
- Assist in maintaining and updating the institution’s BSA/AML risk assessment.
- Identify emerging money laundering and terrorist financing trends, risks, and typologies.
- Evaluate the adequacy of internal controls and recommend enhancements.
- Coordinate quality control (QC) reviews and testing of BSA/AML activities.
- Prepare reports and metrics for management, the Board of Directors, and regulatory agencies.
- Support responses to regulatory examinations, internal audits, and external independent reviews.
- Ensure proper recordkeeping in line with regulatory requirements.
- Provide guidance, mentoring, and training to BSA/AML staff and business line employees.
- Develop and deliver training programs tailored to specific risk areas.
- Promote a culture of compliance throughout the organization.
- Assist in developing, implementing, and maintaining the BSA/AML/OFAC Compliance Program in accordance with regulatory requirements and industry best practices.
- Serve as acting BSA/AML Officer in the Officer’s absence.
- Support periodic program reviews, gap analyses, and risk assessments.
- Coordinate with internal departments to ensure BSA/AML compliance is integrated into all applicable business lines.
- Bachelor’s degree in Business, Finance, Accounting, Criminal Justice, or related field (required).
- Advanced degree or professional certification (e.g., CAMS, CFE, CRCM) strongly preferred.
- Minimum 5 - 7 years of progressive BSA/AML experience within a financial institution or regulatory environment.
- Prior experience in a leadership or supervisory role within a BSA/AML compliance team.
- Strong knowledge of BSA/AML, USA PATRIOT Act, OFAC, FinCEN requirements, and FFIEC BSA/AML Examination Manual.
- Prior experience with the implementation of Verafin account monitoring strongly preferred.