Rain · New York, NY, USA
We are seeking an experienced financial crimes professional to lead our BSA/AML and sanctions compliance program as our designated BSA Officer.
About the Role
As a key member of our team, you will be responsible for developing, implementing, and maintaining a risk-based BSA/AML compliance program aligned with regulatory requirements and industry best practices.
Responsibilities:
Serve as the designated BSA Officer with direct Board reporting responsibility
Develop, implement, and maintain a risk-based BSA/AML compliance program aligned with regulatory requirements and industry best practices
Oversee all aspects of the Bank Secrecy Act compliance program including policy development, risk assessments, independent testing, and training
Present regular updates to the Board of Directors on program effectiveness, emerging risks, and remediation efforts
Maintain relationships with FinCEN, federal and state banking regulators, and other supervisory agencies
OFAC & Sanctions Compliance: Design and oversee the sanctions screening and compliance program, ensuring adherence to OFAC regulations and other economic sanctions requirements
KYC & Customer Risk Management: Oversee customer identification program (CIP) and customer due diligence/enhanced due diligence (CDD/EDD) frameworks
Transaction Monitoring & Investigations: Lead transaction monitoring program including scenario development, tuning, and optimization
Manage Suspicious Activity Report (SAR) and Currency Transaction Report (CTR) filing processes