BSA Operations Supervisor

BSA Operations Supervisor

Middletown, NY, US

4 days ago Requisition

Salary Range: $72,000.00 To $82,000.00 Annually

The BSA/AML Operations Supervisor is responsible for overseeing daily AML compliance functions, managing the BSA team to ensure timely filing of SARs/CTRs, adherence to regulations, and high-quality investigation of suspicious activity. They will optimize processes, provide training, and act as a liaison between staff and management.

• Supervise, train, and develop the team, ensuring high performance.
• Monitor daily AML transaction monitoring, alert investigations, Enhanced Due Diligence (EDD), and Currency Transaction Reports (CTR).
• Act as backup to BSA Officer in their absence.
• Monitor, investigate, and answer the BSA/AML Monitoring software alerts to uncover money laundering and other illicit schemes and create cases when necessary.
• Conduct investigations as a result of accounts identified through analysis or in response to reports of unusual activity.
• Collaborate with company personnel regarding interactions with customers to aid in investigations.
• Conduct timely and thorough reviews of potentially suspicious activity through case management.
• Escalate suspicious activity cases to the attention of the BSA Officer.
• Review Currency Transaction Reports (CTRs) for compliance; file on a timely basis; address errors with bank personnel.
• Conduct Enhanced Due Diligence (EDD) reviews on new and existing High Risk Customers.
• Ensure that proper risk ratings are assigned to customers and are accurately reflected in the BSA/AML Monitoring Software.
• Conduct internal audit and regulatory examinations; ensure appropriate documentation is maintained and available and findings are addressed and corrected in a timely manner.
• Participate in and make recommendations with respect to the decision process for reporting suspicious activity to FinCEN.
• Coordinate the periodic validation of BSA systems.
• Update all bank department and trust department employees regarding all BSA regulatory additions and changes affecting daily departmental operations, procedures, and/or programs.
• Ensure BSA recordkeeping and reporting requirements are processed in accordance with established guidelines and regulation timelines.
• Ensure appropriate documentation is maintained and available for internal/external audits and legal requests.

• Inform bank personnel with potential OFAC matches and conduct necessary research to ensure OFAC compliance.
• Ensure that the OFAC reviews are conducted appropriately and in a timely manner.
• File the appropriate OFAC Annual Report of Blocked Property when warranted.

• Investigate possible matches or requests generated by the BSA/AML monitoring software.
• Provide notice to FinCEN annually that we are participating in 314b information sharing as required.

• Review all new accounts for proper account opening documents, identification, and anticipated activity.
• Follow‑up and work with Branch managers to resolve any irregularities that come from newly opened accounts identified by CIP review.

• Update policies and procedures to ensure compliance with BSA OFAC regulations, including customer and enhanced due diligence requirements.
• Recommend policy changes as necessary to the BSA Officer.

• Cross train on other department functions to be able to provide support if needed.
• Perform all duties and projects as assigned by management.

All information handled is highly confidential.

This position relies on established laws and regulations…