Location: Hauppauge/Mineola/Rockefeller Center, NY

ABOUT US:

Hanover Bank, The Bank of YOU – When you love your work and the people you work with, careers are made!

Embracing diversity, valuing inclusion and showing respect are the foundation upon which we build our team. At Hanover Bank, inclusion means respecting personal beliefs and appreciating that we all have perspectives that matter. We are stronger together as we move toward a shared vision of personal and corporate growth.

Whether you are just starting out or a seasoned professional, working for Hanover Bank can launch you on a path to success. With a passion for excellence, we strive to deliver exceptional service to our clients, foster a positive impact in the communities in which we work and live and help our team members achieve their professional goals. 

When you work with us you are empowered, engaged and encouraged to collaborate because every voice matters, every person counts!

Job Summary

Hanover Bank is looking for a Full-Time BSA/AML Officer. The BSA/AML Officer is responsible for coordinating the development, implementation, and administration of all aspects of the corporate-wide BSA Compliance Program. This position monitors compliance with federal and state BSA, USA PATRIOT Act, AML, and Office of Foreign Assets Control (OFAC) laws, regulations, rules, and guidance.

Essential Job Duties and Responsibilities

• Develop, implement, maintain, and administer the Bank’s BSA/AML/OFAC compliance program
• Review and update the BSA/AML/OFAC Policy(s), no less than annually, and submit them for Board approval
• Draft and/or review and update BSA/AML/OFAC compliance procedures
• Conduct BSA/AML/OFAC Risk Assessments on a no less than annual basis and report the results of such risk assessments to Management and the Board of Directors or a Committee thereof
• Periodically prepare reports for and report to the Board of Directors, or a Committee thereof, information regarding the BSA/AML/OFAC Program
• Oversee and document the Bank’s compliance with NYS DFS Transaction Monitoring and Filtering Requirements (“Part 504”) and are responsible for the Bank’s Annual Certification thereunder
• Supervise and direct BSA staff (directly and indirectly) in the course of their daily work, ensuring all BSA staff are fulfilling their required functions in a timely, efficient, and effective manner
• Ensure quality assurance reviews over work performed by BSA staff to ensure the accuracy of work performed. 
• Oversee calibration and periodic model validation for the Bank’s BSA/AML/OFAC models
• Ensure appropriate BSA/AML/OFAC compliance training for applicable staff throughout the Bank
• Coordinate appropriate training for BSA staff to maintain a high level of knowledge of BSA/AML/OFAC compliance
• As co-chair of the Bank’s Compliance Management Committee, attend regular meetings, prepare / present materials, and provide subject matter expertise advice pertaining to BSA/AML/OFAC-related matters
• Maintain collaborative alliances with all Bank business lines
• Liaise with auditors/examiners during audits/examinations
• Provide the CRO with periodic reports to determine the extent of BSA/AML/OFAC compliance, as well as operating efficiencies
• Perform special projects and additional duties and responsibilities, as required and assigned by the CRO

Education and Experience

• Bachelor's Degree preferred, or relevant, commensurate work experience
• Minimum of ten years of relevant work experience in the financial services industry in a BSA/AML-related capacity or as a consultant or regulator
• Minimum of five years in a management-level role within the financial services industry in a BSA/AML-related capacity
• Extensive understanding of all BSA/AML and OFAC laws, regulations, and guidance
• Experience with Cannabis Banking preferred

Skills and Abilities

• Strong leader who displays the ability to supervise and provide direction to staff, delegate responsibilities, and prioritize assignments
• Ability to research, interpret, convey, and implement the requirements of applicable laws and regulations
• Strong analytical capability and ability to identify potential concerns, recommend operational improvements, and initiate action
• Ability to work both independently and in a team-oriented environment
• Excellent communication (verbal and written), organizational, and follow-up skills necessary
• Ability to negotiate and collaborate with others, initiate action, and adapt to change
• Proficient in BSA/AML Software 
• Advanced knowledge and proficiency in Microsoft Office Suite software, including but not limited to Word, Excel, and Outlook

OUR BENEFITS:

• Medical, Dental and Vision (including HSA, FSA & Commuter Benefits)
• Company-paid benefits to include life insurance and AD&D plus long-term disability
• Voluntary Benefits (including additional life insurance and AD&D insurance for yourself, your spouse and/or your dependent children, Voluntary Short-Term Disability, Pet Insurance and Legal Services)
• Supplemental Health Benefits (including Accident insurance, Hospital indemnity insurance and Cancer Care)
• Retirement- 401(k) with Company Match
• Paid Personal Time Off (PTO) & Paid Company Holidays
• Annual Bonuses
• Annual Increases
• Employee Events and Contests

Salary: $144,000.00 - $180,000.00; placement within this range will vary based on experience and skill level.

Hanover Bank is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.