Deputy BSA Officer
Deputy BSA Officer
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$ 90604 - 148847
1 Vacancy
Job Description
Job Description
At WSFS Bank we empower our Associates to grow their careers guide our customers to secure their financial futures and actively support our Communities so they can fully thrive. Careers with WSFS Bank offer an inclusive and supportive culture competitive salaries advancement opportunities and more. We are the regions locally headquartered bank and wealth management company. We are honored to consistently be named a Top Workplace by our Associates who make a difference every day for the people businesses and Communities we serve. We Stand For Service is more than part of our name its our mission and our purpose.
The Deputy Bank Secrecy Act (BSA) Officer will provide support and assistance to the BSA Officer on BSA/AML/OFAC compliance issues to ensure regulatory requirements are met using various monitoring systems and reports.The incumbent will be responsible for overall operational management and oversight of BMBCs processes for identifying unusual customer activity related to money laundering terrorist financing and other criminal activities conducted or attempted at or through the Bank.
Job Responsibilities:
- Supervise BSA/AML management investigators and analysts review evaluation and monitoring of accounts for suspicious activity related to money laundering terrorist financing and other criminal activities conducted at or through the Bank and applicable lines of business.
- Conduct quality control/quality assurance of completed alerts investigations SARs when necessary.
- Prepare Suspicious Activity Reports (SARs) and review SARs prepared by the BSA/AML personnel.
- Ensure timely filing of applicable government reporting requirements such as SAR and CTR filings.
- Prepare summary reports of SAR filings for the Board reporting.
- Assist with the BSA/AML/ OFAC Risk Assessment.
- Oversee monitor and/or conduct BSA/AML/OFAC training ensuring that adequate training is provided to all appropriate personnel.
- Serve as a liaison between BMBC and its regulatory agencies and auditors for BSA/AML/OFAC matters.
- Aid in the development of new material and update existing documentation for the Banks policy manuals as it applies to BSA/USA PATRIOT Act/OFAC.
- Stay apprised of proposed rules new or changed laws and regulations as well as emerging issues hot industry topics and money laundering financial crimes or terrorist financing trends to enhance the BSA/AML Compliance Program as appropriate.
- Assist in the preparation and processing of Risk Management Division annual budget.
- Assist in BSA Department staffing assessment exercises.
- Conduct annual employee assessments of supervised staff.
- Act as the BSA Officer in time in which the BSA is indisposed.
- Adhere to all Bank security and confidentiality policies and procedures.
- Additional responsibilities as required.
- Supports the mission strategy and values of BMTC.
Minimum Qualifications:
- Bachelors Degree required.
- Minimum 5 years specific BSA/AML investigative and/or fraud prevention experience with personal investigative and SAR filing experience in a financial institution.
- Certification as CAMS is required.
- Must have comprehensive understanding of banking and all types of financial crime patterns thorough knowledge of the Bank Secrecy Act and the USA PATRIOT Act as well as a strong understanding of OFAC regulations.
- High degree of analytical problem-solving organizational and project management skills.
- Must have the ability to interact with regulators and auditors.
- Must have excellent verbal written and communication skills.
- Must have good attention to detail and sound judgment.
- Must have the ability to work in a fast-paced deadline-oriented environment.
- Prior experience with the following systems or ability to learn then within three months: Financial Crime Risk Manager (FCRM) WatchDog Pro/LexisNexis Bridger/Onboard Advisor Fiserv Signature SunGard Addvantage Word/Excel/PowerPoint/Visio and Lotus Notes.
Salary Range:
$90604.00 - $148847.50Individual base pay may vary on additional factors such as the candidates experience job-related skills relevant education geographic location and other specific business and organizational needs.
In addition to base salary WSFS Financial Corporation (WSFS) and its subsidiaries may offer eligible Associates discretionary and formula-based incentive and retention awards. WSFS provides a competitive benefits package which includes medical dental and vision coverage; a 401(k) plan; life accident and disability insurance; flexible spending accounts (FSAs) and health savings accounts (HSAs); and wellness programs. Additional benefits may include paid parental leave military leave vacation and other paid time off sick leave in accordance with applicable state laws and paid holidays. Benefit offerings are subject to eligibility requirements legal limitations and may vary based on an Associates location and employment status. For more information about Associate benefits please visit Bank is inclusive and supportive of individual needs. If you have a physical or other impairment that might require an accommodation including technical assistance with the WSFS Bank Careers website or submission process please contact us via email at
WSFS is an equal opportunity employer. We do not discriminate based upon race religion color national origin gender (including pregnancy childbirth or related medical conditions) sexual orientation gender identity gender expression age status as a protected veteran status as an individual with a disability or other applicable legally protected characteristics.
Required Experience:
Unclear Seniority
Employment Type
Full-Time
