Job Description
We are seeking a BSA/Compliance Officer for a well-established financial institution in Northwestern Illinois. This role is essential for ensuring compliance with federal and state regulations, implementing the Bank Secrecy Act (BSA) program, and minimizing regulatory risks to the institution.
Responsibilities:
* Develop, implement, and maintain the institution's BSA/AML and OFAC compliance programs.
* Monitor and investigate suspicious activity, file Suspicious Activity Reports (SARs), and Currency Transaction Reports (CTRs) in a timely manner.
* Ensure compliance with applicable laws, regulations, and internal policies, including training staff on compliance protocols.
* Conduct periodic risk assessments and audits to identify and mitigate potential compliance risks.
* Act as a liaison with regulators during audits and examinations, ensuring all requests are met efficiently.
* Stay informed of changes to regulations and industry trends to keep the institution compliant.
* Manage compliance-related software systems, ensuring accurate data collection and reporting.
* Provide guidance and support to staff on compliance-related issues and questions.
Qualifications:
* Experience in BSA/AML compliance within a financial institution is required.
* Strong understanding of banking regulations, particularly BSA/AML, OFAC
* Excellent analytical and investigative skills, with a high level of attention to detail.
* Effective communication skills to educate and collaborate with staff and leadership.
* Ability to work independently and handle sensitive information with discretion.
Compensation:
Competitive salary commensurate with experience, along with a comprehensive benefits package.
Why Join Us?
This role provides an excellent opportunity to make a meaningful impact by safeguarding the institution's compliance and reputation. Join a supportive and professional team dedicated to maintaining the highest standards of regulatory adherence.
To Apply:
Please send your resume to Crystal Fryers at or contact her at.
All qualified applicants will receive consideration without regard to race, age, color, sex (including pregnancy), religion, national origin, disability, sexual orientation, gender identity, marital status, military status, genetic information, or any other status protected by applicable laws or regulations.
GPAC (Growing People and Companies) is an award-winning search firm specializing in placing quality professionals within multiple industries across the United States since 1990. We are extremely competitive, client-focused and realize that our value is in our ability to deliver the right solutions at the right time.
Job Tags
Full time,