BSAAML Officer

Job Description

Job Description

About Monet Bank

Monet Bank is pioneering the future of banking and money movement — faster, more efficient, and built for the modern financial ecosystem.

At our core, we believe Monet Bank is an essential bridge to the next generation of banking and payments infrastructure. As a profitable, well-capitalized Texas state-chartered bank and FDIC-Insured — backed by the full faith and credit of the U.S. Government — Monet combines the strength and stability of traditional banking with forward-thinking financial technology innovation.

We recognize the fundamental inefficiencies in legacy payment networks and are building a strong team to thoughtfully challenge assumptions and pursue smarter, more scalable solutions. Our focus is on modern banking services that empower merchants to reclaim margins, enable fintechs to operate cross-border at scale, and support technology platforms in embedding seamless financial services.

If you are motivated by building secure, intentional, and future-ready banking infrastructure, we invite you to explore opportunities with Monet Bank.

The BSA/AML Officer is responsible for coordinating and monitoring day-to-day Bank Secrecy Act/Anti-Money Laundering compliance. The BSA compliance officer is also charged with being primarily responsible for the design and buildout of any new aspects of the bank’s BSA program, including any business initiatives that involve international payments and providing correspondent banking services to foreign banks, nested financial institutions within bank customers and other complex, high-risk customers.

Duties are inclusive of managing all aspects of the BSA/AML compliance program, including managing the bank s compliance with BSA regulatory requirements. The BSA compliance officer will implement policies, procedures, and systems to ensure comprehensive know your customer (KYC) standards, customer identification programs (CIP), customer due diligence (CDD) processes, and suspicious activity monitoring and reporting (SARs) as well as being responsible for managing and gathering materials for BSA/AML audits and examinations.

Essential Duties and Responsibilities:

• Aiding in the development of the Bank’s BSA program, including KYC/KYB, enhanced due diligence procedures, fraud transaction monitoring and sanctions screening for a high-volume foreign correspondent banking business
• Daily review of BSA reports and large cash transaction reports, kiting suspects, etc., for the purpose of detecting suspicious activity.
• Daily review and submission of CTRs and perform annual review of CTR exempt customers.
• Create, review, and submit SARs and document SARs considered but not filed.
• Daily track, review, and archive CIPs and Beneficial Ownership documentation.
• Daily designate risk-rating on new accounts and perform quarterly reviews of high-risk account statements.
• Assist with annual policy review for Board Approval.
• Perform annual risk assessment reviews for Board Approval - BSA/OFAC/MRB.
• Participate in BSA training on an ongoing basis.
• Annually develop and implement BSA/AML staff training/new hire training.
• Advise Senior Management and bank personnel of emerging BSA/AML/KYC/CIP trends and BSA Compliance issues.
• Supervise 314(a) list reviews and responses. Maintain and audit the review tracking log.
• Gather information for audits and exams and assist throughout the process. Respond to findings.
• Organize and maintain computer documentation of the above and retain according to retention schedules.
• Make recommendations to supervisor about methods to improve BSA processes.
• Will have contact with customers, auditors, examiners, and senior officers/directors of the bank, and is to conduct relationships in a manner that will enhance the overall compliance and positive image of the bank.
• Identify potential areas of compliance vulnerability and risk and devise appropriate controls and other mitigation.
• Provide reports regarding their activities to the Banks  senior management and Boards of Directors.
• Undertake continuous learning and self-study to stay abreast of changing regulations and emerging issues.
• Work with other internal units,…