Job Description
Position Title: BSA Compliance Officer
Position Summary: The BSA Compliance Officer is a leadership role with direct reports, reporting to the Vice President of Fraud Operations and BSA. This position is responsible for developing, implementing, testing, and administering TDECU's enterprise-wide BSA, AML, and OFAC compliance program to ensure adherence to applicable laws and regulations. The role provides oversight and strategic direction for all BSA-AML-OFAC activities, incorporating industry best practices, sound risk management, and forward-looking compliance strategies.
The BSA Compliance Officer leads the BSA Department; designs and maintains internal controls, policies, and procedures; and partners with compliance and business units to strengthen second-line risk identification and assessment processes. The role maintains deep knowledge of compliance risk controls and the organization's overall compliance risk profile.
Essential Duties and Responsibilities: Enterprise BSA-AML-OFAC Program Ownership, Leadership & Governance - Overall responsibility for the design, effectiveness, and ongoing administration of the BSA-AML-OFAC compliance program, aligned to TDECU's business strategy and risk appetite.
- Serves as the accountable executive for the BSA function, with leadership responsibility for the BSA department and direct reports.
- Develops the annual BSA-AML-OFAC roadmap and priorities based on institutional risk.
- Maintains direct access to the Board of Directors and designated committees
- Prepares and delivers clear, accurate, and actionable reporting on program effectiveness, SAR activity, key risk indicators, examination outcomes, and recommended actions.
- Prepares clear, actionable Board and committee materials that summarize program status, exam outcomes, and recommended actions.
- Oversees third party BSA audits and model validation, tuning, and effectiveness; testing of AML and sanctions monitoring systems. Serve as the point of contact for BSA regulatory examinations, overseeing remediation, and Board reporting.
- Ensures the BSA program is adequately staffed and resourced to meet regulatory expectations.
- Ensures continuity, quality, and timeliness of BSA-AML-OFAC execution by coaching the team and, when necessary, directly performing or supporting core compliance activities to address workload surges, complex cases, or emerging risk.
- Promotes a culture of compliance and ethical conduct across the organization.
Financial Crime Risk Management, Controls & Regulatory Execution - Leads the annual BSA-AML-OFAC risk assessment, identifies areas of heightened compliance risk and vulnerability, and develops the annual compliance work plan and roadmap.
- Designs, implements, and oversees corrective action plans, quality assurance, testing, and ongoing monitoring using regulatory and industry-standard methodologies.
- Owns execution of core regulatory requirements, including Customer Identification Program (CIP), Customer Due Diligence and Enhanced Due Diligence, high-risk customer monitoring, OFAC compliance, and timely filing of CTRs, SARs, and FinCEN 314(a) and 314(b) reports.
- Holds final authority for BSA SAR filing decisions and ensures appropriate documentation and confidentiality.
- Monitors government notifications, sanctions updates, high-risk jurisdictions, and enforcement actions to ensure appropriate system controls and reporting accuracy.
Regulatory Expertise, Policy, Training & Enterprise Partnership - Maintains expert-level knowledge of BSA, AML, OFAC, CIP, and related laws, regulations, and regulatory guidance; monitors emerging regulatory and industry trends and translates them into operational requirements.
- Develops, maintains, and enhances BSA-AML-OFAC policies, procedures, processes, controls, and training programs; ensures training is appropriate for employees and the Board and reviewed annually for effectiveness.
- Reviews new or modified products, services, systems, and processes for BSA-AML-OFAC impact prior to implementation.
- Partners across Legal, Risk, Compliance, Fraud, Internal Audit, Operations, and business units as part of the second line of defense; supports integration of BSA/AML metrics into enterprise risk reporting.
- Maintains required certifications and continuing education to remain current on regulatory expectations, enforcement trends, and best practices.
If applicable, please provide: # of Direct Reports: 3-5
# of Indirect Reports: Financial Responsibility: (Indicate type and amount of budget, sales volume, etc. for which this position is responsible)
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Minimum Qualifications: Education: - Bachelor's degree or at least seven (7) years of progressive BSA compliance management experience in a financial institution
Licensure: - Certified Anti-Money Laundering Specialist (CAMS) certification required. Additional certifications (NCBSO, BSACS) preferred.
Experience: - A minimum of 7 years of progressive BSA compliance management experience at a financial institution.
- Demonstrated experience drafting policies and procedures, establishing and improving processes, implementing compliance management programs and performing risk assessments.
- Experience working in a highly regulated environment and responding to inquiries and findings of regulators and auditors required.
- Experience reviewing, analyzing, and interpreting general business periodicals, professional journals, technical procedures, and laws and regulations required.
Knowledge, Skills, and Abilities: - Strong working knowledge of the regulatory framework within which financial institutions operate, including but not limited to knowledge of:
- The Currency and Foreign Transactions Reporting Act of 1970-which legislative framework is commonly referred to as the Bank Secrecy Act, the USA Patriot Act, The Anti-Money Laundering Act of 2020, and related laws and regulations.
- Well-rounded knowledge of the credit union and/or banking industry, including all operational aspects, and the FFIEC Interagency BSA/AML Examination Manual.
- Excellent verbal and written communication skills; able to convey complicated advice and information in an understandable and engaging manner.
- Unquestioned integrity and excellent judgment.
- Excellent planning and organizational skills, including the ability to work independently on projects of high complexity with minimal supervision.
- Ability to maintain confidentiality and instill trust within the organization.
- Ability to prioritize appropriately to accomplish deliverables and meet deadlines where competing priorities exist.
- Fast learner who thrives in a high-demand environment; works well under pressure.
- Ability to handle conflicts with diplomacy.
- Strong emotional intelligence.
- Capable of working successfully as a leader, an individual contributor, and on teams including diverse sets of personalities and skill levels.
- Ability to collaborate and work effectively across functions (including Legal, Compliance, Risk Management, Fraud, Internal Audit, Operations, and Retail) in a fast-paced, high-volume, high-pressure environment.
- A business-focused, creative problem solver who is open to new ideas and new approaches.
- Willingness to continually learn and stay current on trends in the financial services industry.
- Strong working knowledge of Microsoft Office, Word, Excel, and Power Point.
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