BSA Officer

Parkside Financial Bank & Trust

Job Location:

Clayton, OH - USA

Monthly Salary: Not Disclosed

Posted on: 12 hours ago

Vacancies: 1 Vacancy

Job Summary

In 2007 four different but complementary professionals gathered to discuss a shared visionassemble talented thought leaders to establish a financial institution that could breathe new life into business banking and wealth management. They founded Parkside Financial Bank & Trust: an independent financial institution with an integrated way of conducting business designed specifically to serve the needs of discerning families and privately held businesses. Parkside offers a uniquely fresh perspective on banking commercial lending trust and family office services. Our interactive partnership between our clients and our team drives success builds legacies and transforms businesses. This is what makes ours An Uncommon Partnership.

With offices in St. Louis Missouri and Denver Colorado our dedicated team has grown our bank division to $1.1 billion in assets and our Trust & Family Office assets under management to approximately $3.6 billion. Voted a Top Workplace in St. Louis for five years running we are proud to build a growing team of Smart Likeable Entrepreneurial and Dependable employees. Join Parkside as we help our clients achieve financial success. Experience a rewarding career with robust benefits and professional growth opportunities within a community of colleagues and friends.

Parkside is searching for a highly motivated and experienced BSA Officer responsible for all aspects of the Banks AML/BSA program including Bank Secrecy Act (BSA) USA Patriot Act anti-money laundering (AML) and OFAC. The BSA Officer will manage and administer all applicable laws regulatory guidance industry standards and best practices related to the Banks compliance efforts. A bachelors degree or its equivalent with experience plus specialized course work and training are required. Minimum of 5 years demonstrated BSA/AML compliance experience in the financial services industry.

RESPONSIBILITIES

Works closely with Bank leadership and department managers to understand business activities risks products and transactions to best support the Banks BSA/AML/OFAC programs
Participates in industry training/education to stay knowledgeable of BSA/AML/OFAC regulatory developments and guides the Bank in its risk mitigating controls
Oversee the Banks Know-Your-Customer/Customer Identification Program (KYC/CIP) sanctions screening and related customer due diligence and enhanced due diligence processes including beneficial ownership
Reports compliance developments to management and other bank personnel
Manages the Banks client and account risk-rating processes
Reviews/Approves SAR and CTR filings with appropriate government agencies when applicable
Updates Company-wide BSA/AML/OFAC risk assessment (at least annually) or following any substantial change to the customer or product base
Responsible for Company-wide internal audits as well as working with outside auditors consultants and regulatory examiners
Reviews/Updates Bank policies procedures and practices to ensure compliance with laws and regulations
Prepare reports for the Board of Directors and annual Board BSA/AML/OFAC training
Manages BSA/AML/OFAC software including model validation and calibration efforts as well as changing control procedures
Performs additional duties as requested or assigned

QUALIFICATIONS

Minimum of 5 years demonstrated BSA/AML experience
Experience with Verafin preferred
Analytical skills to appropriately apply to BSA/AML/OFAC software and procedures
Knowledge of OFAC Watch List monitoring
Bachelors Degree or its equivalent with experience plus specialized course work and training in compliance
Certified Anti-Money Laundering Specialist (CAMS) Certification preferred or willingness to pursue certification
Strong risk assessment and priority-setting abilities
Detail-oriented and highly organized
Able to multi-task and prioritize to meet deadlines
Able to work independently and as an integral part of a team
Able to quickly and proficiently comprehend new information
Able to focus on key priorities and thrive in a complex and ever-changing environment
Stable under pressure or stress

EMPLOYEE BENEFITS

Parkside is proud to offer competitive benefits for all our employees including:

Competitive salary with bonus
Medical dental and vision insurance
401k Plan Employer Match
Employee Stock Options
12-week paid maternity leave
Paid 4 Week Sabbatical Program including $5000 for travel with every 5 years of employment
Tuition Reimbursement
Employee charitable giving support
Company-paid parking & more!

Parkside Financial Bank & Trust provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race color religion age sex national origin disability status genetics protected veteran status sexual orientation gender identity or expression or any other characteristic protected by federal state or local are committed to providing an inclusive workplace that accommodates the diverse needs of all individuals. If you require any accommodations during the application process or while employed please inform us so we can provide suitable assistance and modifications.

All employment offers are contingent until applicant successfully completes all necessary background checks and drug screens.

Required Experience:

Unclear Seniority