BSA / AML Manager

Job Description

Job Description

Summary : The BSA / AML Manager plays a key role in supporting the Bank’s compliance with the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), and Office of Foreign Assets Control (OFAC) regulations. This position ensures enterprise-wide adherence to regulatory requirements by overseeing the identification, investigation, and reporting of suspicious activity, facilitating ongoing risk assessments, and maintaining a comprehensive compliance structure across all business units, including digital banking.

In collaboration with the VP, BSA & OFAC Officer, the Manager drives the development and execution of a quality control program designed to promote accuracy and effectiveness in transaction monitoring, investigations, and customer due diligence processes. The role involves conducting periodic reviews of the Bank’s product offerings, shaping policy standards, delivering compliance training at all levels, and providing leadership to ensure staff development aligns with the Bank’s long-term strategic objectives.

The Manager also works with internal stakeholders to assess and mitigate financial crime risks associated with online and mobile banking channels, supports regulatory examinations and audits, manages a team of analysts, and actively contributes to the continual improvement of the Bank’s transaction monitoring systems and overall compliance program.

Job Responsibilities :

BSA / AML Activity Review & Supervision Responsibilities

• Develops, evaluates, and oversees the Bank’s daily BSA / AML compliance activities, including but not limited to CTR filings, wire transfer reporting, W-8 BEN documentation, AML reporting, and the Customer Identification Program (CIP).
• Ensures timely and accurate submission of all required regulatory reports and notices.
• Conducts periodic departmental reviews to verify adherence to applicable policies and procedures.
• Serves as the Bank’s approved 314(b) point of contact, facilitating appropriate information sharing with external institutions.
• Reviews and monitors suspicious activity across consumer and commercial accounts; coordinates with branch personnel, departments, and the BSA team, and collaborates with the Fraud Officer on reportable fraud and account activity.
• Manages and assesses the daily work of BSA / AML analysts, ensuring both quality and productivity standards are met, while identifying training needs and implementing corrective actions, as necessary.

BSA / AML Reporting & Risk Assessment

BSA Annual Training & Audit Oversight

Quality Control Metrics, Scorecards, and Key Risk Indicators (KRIs)

Verafin AML / Vendor Management

BSA / AML, OFAC, and SDN Compliance

Other Responsibilities

Job Requirements :

Preferred

Columbia Bank offers the following benefits :

Columbia Bank and its affiliates is an Equal Opportunity Employer, including individuals with disabilities and veterans.