VP - BSA Officer

Position Summary:

The BSA Officer is responsible for managing the day-to-day implementation, administration, and ongoing enhancement of the Bank’s Bank Secrecy Act (BSA), Anti-Money Laundering (AML), and Office of Foreign Assets Control (OFAC) compliance programs. This role leads a team of approximately 10 BSA/AML professionals and ensures the Bank maintains an effective, risk-based program that supports safe and sound growth across Wisconsin and Illinois.

The BSA Officer serves as a key partner to business lines and second-line functions, provides meaningful reporting to Senior Management and the Board of Directors, and supports examinations, audits, and continuous improvement initiatives.

RESPONSIBILITIES:

Program Administration & Operations Manage day-to-day execution of the Bank’s BSA/AML and OFAC programs, ensuring alignment with a risk-based approach and applicable regulatory requirements.

Oversee accurate and timely Currency Transaction Report (CTR) processing, including quality control, escalation, and reconciliation of filing volumes and exceptions.

Oversee Customer Identification Program (CIP) controls and Beneficial Ownership/Legal Entity onboarding and monitoring activities, including issue tracking, remediation, and trend analysis.

Administer the customer risk rating methodology and ongoing monitoring processes to ensure risk ratings remain current and reflect the nature, purpose, and risk profile of customer relationships.

Oversee Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) reviews, including periodic reviews of higher-risk customers and documentation standards.

Oversee suspicious activity monitoring processes, alert disposition workflows, escalation protocols, and documentation standards to ensure regulatory defensibility.

Oversee the investigation, decisioning, and filing of Suspicious Activity Reports (SARs), including continuing activity monitoring and SAR quality assurance.

Oversee sanctions/watchlist screening processes (customer and transactional screening), escalations, disposition documentation, and any required blocking/rejecting and reporting.

Coordinate and manage information sharing requests and processes (e.g., 314(a) and 314(b)) and support lawful requests from law enforcement and other financial institutions.

Risk Assessments, Governance & Reporting Lead and/or support periodic BSA/AML and OFAC risk assessments (including products/services, customers, geographies, delivery channels, and emerging threats) and ensure timely action plans and control enhancements.

Maintain and update BSA/AML/OFAC policies, procedures, and program documentation, incorporating regulatory changes, examination findings, model/monitoring changes, and operational improvements.

Develop meaningful management information (MI), key risk indicators (KRIs), and key performance indicators (KPIs) that provide insight into program effectiveness, workload, timeliness, quality, and emerging risks.

Prepare clear, actionable reporting and presentations for Senior Management and the Board of Directors (or designated committee), including program metrics, significant issues, SAR trends/themes, and remediation progress.

Partner with Compliance, Risk, Legal, Operations, IT, and business lines to drive consistent implementation of controls and resolve cross-functional issues.

Audit, Exam & Issue Management Serve as a primary point of coordination for BSA/AML/OFAC audits, independent testing, and regulatory examinations, including pre-exam planning, document requests, interviews, and onsite/remote support.

Own and manage corrective action plans for BSA/AML/OFAC findings, matters requiring attention (MRAs), and internal issues, including root cause analysis, remediation design, validation, and sustainable closure.

Support model/monitoring validations and ongoing tuning/testing activities for AML and sanctions screening systems, in partnership with internal stakeholders and third-party vendors as applicable.

Training, Advisory & Culture of Compliance Enhance and maintain a comprehensive BSA/AML/OFAC training program tailored to job roles and risk exposure, including new hire training, annual training,…