| Bank Secrecy Officer Job Description |
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| The following is a full job description for Bank Secrecy Officer. Here are the requirements and responsibilities for Bank Secrecy Officer along with statistics. If after reading this page you determine that Bank Secrecy Officer is not the position you are looking for, you may want to try one of these similar titles: Bank Secrecy Senior Officer, Bank Secrecy Analyst II, Bank Secrecy Analyst I, Bank Secrecy Director, Bank Secrecy Support Specialist, Bank Secrecy Senior Support Specialist, Bank Secrecy Analyst III, Bank Compliance Officer, Chief Operating Officer |
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| Requirements and Responsibilities For Bank Secrecy Officer |
| Supervises daily operations to identify and respond to suspicious activity violating current anti-money laundering (AML) regulations. Uses oversight systems, interdiction software, and audit processes to perform daily transaction monitoring and identify suspicious activity patterns. Monitors activity and ensures adherence to Know Your Customer (KYC) protocols and regulatory requirements for required filings and reporting. Leads investigations of suspicious activity to pursue corrective actions and ensure completion of required filings. Maintains extensive knowledge of financial regulations, risk management best practices, and changing fraudulent trends to develop and implement appropriate compliance procedures. Delivers compliance training with up-to-date regulatory information and procedures to develop and guide well-informed staff. Understands banking regulations such as the US Bank Secrecy Act (BSA) or other governmental anti-money laundering laws. Typically requires a bachelor's degree. Typically reports to a director. Supervises a group of primarily para-professional level staffs. May also be a level above a supervisor within high volume administrative/production environments. Makes day-to-day decisions within or for a group/small department. Has some authority for personnel actions. Typically requires 3-5 years experience in the related area as an individual contributor. Thorough knowledge of functional area and department processes. |
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| Also referred to as: Anti-Money Laundering (AML) Officer, Bank Secrecy Act Officer, Banking Regulatory Compliance Manager, BSA Officer, Compliance & Bank Secrecy Manager |
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| Similar Jobs: Bank Secrecy Senior Officer, Bank Secrecy Analyst II, Bank Secrecy Analyst I, Bank Secrecy Director, Bank Secrecy Support Specialist, Bank Secrecy Senior Support Specialist, Bank Secrecy Analyst III, Bank Compliance Officer, Chief Operating Officer |
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| Level of Education: Bank Secrecy Officer Salaries with No Diploma, Bank Secrecy Officer Salaries with a High School Diploma or Technical Certificate, Bank Secrecy Officer Salaries with an Associate's Degree, Bank Secrecy Officer Salaries with a Bachelor's Degree, Bank Secrecy Officer Salaries with a Master's Degree or MBA, Bank Secrecy Officer Salaries with a JD, MD, PhD or Equivalent |
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| Industries: Edu., Gov't. & Nonprofit, Financial Services | |
