Assistant BSA Officer

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New Edge Associates is collaborating with a reputable banking partner that is currently hiring a detail-oriented Assistant BSA Officer in Miami, FL.

The Assistant BSA Officer supports the board-appointed BSA/AML Officer in overseeing all aspects of the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Counter-Terrorist Financing (CTF), and Office of Foreign Assets Control (OFAC) compliance program. This role ensures adherence to regulatory requirements through robust risk assessments, ongoing transaction monitoring, reporting, and team supervision. The ideal candidate will bring extensive compliance experience, strong leadership skills, and deep subject matter expertise in financial crimes compliance.

Key Responsibilities

• Assist in the development and maintenance of the institution's BSA/AML/CTF and OFAC compliance programs
• Oversee department functions including transaction monitoring, investigations, reporting, and data validation
• Supervise assigned staff and ensure department coverage and operational excellence
• Provide compliance guidance to internal stakeholders and support control development and change management
• Participate in regulatory and internal audits, examinations, and serve as a representative in meetings with regulators and auditors
• Support the preparation of quarterly compliance reports for senior management and Board committees
• Assist in updating the institution’s BSA/AML and sanctions risk assessments
• Proactively identify compliance risks and assist in the creation of mitigation strategies
• Act as subject matter expert (SME) on all related systems, controls, and third-party tools
• Monitor BSA/AML system performance, including false positives and effectiveness, and recommend enhancements
• Mentor team members and serve as an escalation point for complex investigations or issues

Qualifications

• Minimum 10 years of BSA/AML/CTF/OFAC compliance and investigations experience required
• Strong understanding of money laundering schemes, financial crime typologies, and regulatory frameworks
• Prior experience with suspicious activity monitoring systems and investigative tools
• Professional certifications such as CAMS, CFE, or equivalent required
• Strong communication and leadership skills with the ability to manage cross-functional collaboration

• Seniority level
  
  Mid-Senior level

• Employment type
  
  Full-time

• Job function Other
• Industries Banking

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