Senior Bank Secrecy Act Specialist - Remote

Senior Bank Secrecy Act Specialist - Remote

First American Bank was founded in Chicago, and over the years has expanded throughout Wisconsin and Florida. As the largest privately held bank in Illinois, we now have over 60 locations and assets of $5+ billion. We are a community bank at heart with international expertise, traditional values, and a forward-looking philosophy. Our employees have the experience and vision to meet the needs of savers, borrowers, and businesses in the 21st century.

First American Bank can offer employees a level of visibility, career growth, and stability that is difficult to find in many larger corporations.

The Senior Bank Secrecy Act Specialist (BSA) provides leadership oversight of BSA/Anti‑Money Laundering (AML) staff, driving performance through effective supervision, training, performance management, and workforce development. This role supervises and reviews money laundering investigations, supports the Bank's risk‑based BSA program, develops procedures and metrics, and supports regulatory compliance through Suspicious Activity Reports (SAR) reporting, quality assurance, audit support, and cross‑functional collaboration.

The position also supports BSA systems management and enhancements, delivers compliance training, and may serve as a delegated representative of the BSA Officer as assigned.

• Oversee and direct the day‑to‑day activities of departmental staff, including assigning, coordinating, and prioritizing work while evaluating employee productivity and performance. Prepare and deliver formal performance evaluations in alignment with organizational standards.
• Lead employee interviewing, onboarding, training, scheduling, and ongoing development; provide coverage support as needed. Monitor work quality and policy adherence, deliver timely performance feedback, and administer corrective action in accordance with established guidelines.
• Strengthen compliance through the development and delivery of training programs and materials that effectively educate new and existing employees, mitigate risk, and enhance departmental efficiency.

• Conduct money laundering investigations and perform supervisory reviews of investigative activity, including coordinating with internal stakeholders and engaging customers as necessary to support thorough and compliant case resolution.
• Contribute to the development and implementation of the Bank's risk‑based BSA compliance program by continuously evaluating assigned processes for gaps and operational efficiencies and escalating well‑supported recommendations to the BSA Officer.
• Develop, implement, analyze, and update procedures for the department in accordance with regulations.
• May have responsibility for Section 314(a), Section 314(b), and select Office of Foreign Assets Control (OFAC) related compliance activities.
• May prepare, complete, and file Suspicious Activity Reports (SARs) and other required regulatory reports in accordance with applicable laws and regulatory standards.
• Develop and deliver key metrics to assess process effectiveness and risk exposure, including support for risk assessments; prepare and present reporting to the BSA Officer and other stakeholders as appropriate.
• Apply industry knowledge and regulatory expertise through participation on assigned committees to support governance and compliance objectives.
• Conduct quality assurance reviews of BSA related processes and outputs as assigned or required.
• Participate in and deliver BSA related training for other business units and support areas to promote compliance awareness and consistency.
• Compile and prepare documentation for audits and regulatory examinations and actively support audit and exam activities under the direction of the BSA Officer.

• May manage and support daily operations of the BSA transaction monitoring system and related manual reporting processes, ensuring accuracy, timeliness, and system integrity.
• May serve as system administrator for BSA related systems and regulatory platforms, including user access management and system configuration oversight.
• Lead or support system…