SVP, BSA/AML Deputy Officer

About the Role:

Responsible for assisting BSA/AML Officer in oversight, including developing, implementing and administering various aspects of the Bank Secrecy Act Compliance Program. Performs various quality control reviews and monitoring in the area of BSA, USA Patriot Act, AML, OFAC and Customer Identification Program compliance using industry standard and regulatory guidance sampling methods to ensure the organization’s compliance efforts are maintained. Assists the Financial Intelligence Unit with its BSA/AML related risk management practices. Keeps Executive Management, and the organization’s Board of Directors apprised of emerging BSA/AML risk issues and consults with and guides the organization in the establishment of controls to mitigate risks.

Performs direct supervisory duties of assigned departments staff and is required to be fully knowledgeable and skilled in all areas of the assigned department.

What You Will Do:

• Program Oversight: Assist in the development, implementation, and administration of the bank’s BSA/AML/OFAC compliance programs, ensuring alignment with regulatory requirements and industry best practices
• Risk Assessment: Conduct and oversee periodic risk assessments, particularly focusing on the unique risks associated with BaaS operations. Update methodology as necessary. Communicate results to appropriate committees, auditors and regulators as required. Develop, track and implement remediation of weaknesses identified in the control environment.
• Regulatory Compliance: Stay updated on regulatory changes affecting the bank and ensure policies and procedures are adjusted accordingly
• Audit Examination Support: Coordinate with internal and external auditors, as well as regulatory examiners, to ensure successful reviews and promptly address any findings.
• Collaboration: Work closely with product, technology, and operations teams to embed compliance in the bank’s products and services offerings, ensuring seamless integration of compliance controls
• Leadership: Act as a mentor and resource for junior compliance staff, fostering professional growth and a strong compliance culture.
• Third Party Risk Management: Coordinate bank BSA/AML/OFAC compliance requirements with third party partners.
• Assists BSA/AML Officer in administration of appropriate governance structures including working groups and
• On a regular basis, reports and advises the organization’s senior management.
• Directly, through staff and assigned departments manages policy, guidelines and general
• Directly, through staff and assigned departments manages and administers the Actimize Manages the BSA/AML rules and Customer Due Diligence and Customer Risk Rating process.
• Develops or directs the development of reports for reporting BSA/AML/OFAC to Executive Management, designated committees, and the Board of Directors.
• Develops content of corporate training for all BSA/AML organization’s programs, including rewards and penalties program(s). Establishes additional training requirements for the BSA/AML Monitoring and Reporting staff.
• Provides supervision to BSA/AML employees, including coaching, mentoring, hiring/firing, and performance Adheres to and promotes organizational development for all staff under their supervision and in accordance with the organization’s policies and applicable laws.
• Other duties as assigned.

What You Will Need:

• Bachelor’s degree in economics, Business Administration or related discipline or equivalent education and work experience
• Typically, 15+ years of related experience in financial services
• 10+ years of proven track record as a BSA/AML Deputy Officer at a mid-size or large financial institution
• 10+ years of experience in governance, risk management and compliance at a major financial institution
• Experience managing large teams
• Experience with transaction monitoring systems such as Actimize or other BSA/AML systems
• Experience with Fraud Management in banking a plus
• Experience in dealing with regulatory agencies, executive management, Boards of Directors and other significant impact groups
• Knowledge of applicable regulations
• Successful Banking as Service and pre-paid card experience strongly preferred
• Able to work in a fast paced, ever-changing Ability to work with all levels of management under pressure and with tight deadlines
• Good decision-making skills
• Strong partnership skills with other areas of the organization
• Excellent written and verbal communication skills

The responsibilities listed above are not all inclusive and may be changed at any time.

Salary range: $151,672.07 – $250,258.92

The salary range reflects the minimum and maximum target for a new hire in this role. Individual pay within the range will be determined by multiple factors which can include but are not limited to a candidate’s experience, qualifications, skills, and location. Your recruiter can share more about the specific salary for your location during the hiring process. Ranges may be modified in the future.
This role is also eligible for an annual performance-based incentive opportunity. Pathward offers a comprehensive benefits package for eligible employees, including health insurance, 401(k) retirement benefits, life insurance, disability benefits, paid time off, and more.

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