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BSA Officer
Fully Remote
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Job Type
Full-time
Description

Company Overview: 

Old Glory Bank is an FDIC-insured bank that offers the best mobile banking solutions for consumers and businesses, from sea to shining sea. Old Glory Bank is committed to serving those who feel marginalized for believing in the greatness of America. Old Glory Bank was co-founded by some of the leading voices supporting freedom and love of country, including former Secretary of Housing and Urban Development Dr. Ben Carson; Radio and Television Host Larry Elder; country music superstar, TV host, entrepreneur, and songwriter, John Rich; and former two-term Governor of Oklahoma Mary Fallin-Christensen.  

We put our customers, community, family, and faith ahead of ourselves.  While our home base is our 120-year-old bank in Elmore City, Oklahoma, our team members work to serve our customers remotely from across the country.  At Old Glory Bank, there is no DEI or ESG, just PSL – Privacy, Security, Liberty. 

JOB SUMMARY: 

This role must have expertise in BSA/AML compliance related to online banking and digital channels.  Experience with crypto and blockchain is a plus. You will be responsible for administering the Bank’s programs for BSA/AML/OFAC which includes timely and accurate compliance with CTRs, SARs, OFAC scans, CTR Exemptions, FinCEN’s 314(a) and (b) searches, and Subpoenas.  

  • Helps maintain the Bank’s compliance policies that impact Bank Secrecy Act/Anti-Money Laundering/Office of Foreign Assets Control Act Compliance program, including AMLA and CTA requirements. 
  • Develops and implements training programs that instruct employees about the BSA/AML/OFAC regulations and procedures. 
  • Reviews procedures from the line of business managers that address all products related to all consumer protection and safety and soundness regulations. 
  • Conducts periodic risk assessments as required by policy. 
  • Perform periodic customer due diligence reviews. 
  • Aids employees in the interpretation of the Bank Secrecy Act and the Bank’s regulated programs. 
  • Disseminates information on new or amended Bank Secrecy Act regulations. 
  • Develops procedures for monitoring new or amended Bank Secrecy Act regulations. 
  • Develops procedures for monitoring suspicious activity. 
  • Assists in coordinating audit and examination responses relating to BSA, lending, and operations. Assists in following up to ensure proper action by management and clearance of all exceptions. 
  • Provide guidance, interpretation, and research concerning BSA, lending, and operations compliance issues. 
  • Stay abreast of changes in banking regulations and communicate changes to Bank management. 
  • Assist in preparing documentation for examinations by state and federal regulatory agencies. 
  • Responsible for BSA software administration. 
  • Responsible for time-sensitive monitoring of accounts and transactions with follow-up as required.  
  • Acts as a liaison and primary for examinations and audits of the BSA/AML Compliance program. 
  • Demonstrates knowledge and expertise of banking regulations and financial principles and supports the Company’s overall mission, standards, policies, procedures, and confidentiality guidelines. 
  • Interacts in a continual professional, courteous manner with customers, employees, officers, and board members. 

ADDITIONAL RESPONSIBILITIES: 

Performs other duties as required by executive management. 

SUPERVISORY RESPONSIBILITIES: 

This position has no supervisory responsibility. 


REPORTS TO: Board of Directors / Chief Risk Officer  


Requirements

 MINIMUM QUALIFICATIONS FOR CONSIDERATION: 

  • Bachelor's degree in business or finance or an equivalent combination of education, training, or experience. 
  • Must have prior experience monitoring, investigating, and reporting suspicious activity within mobile banking platforms.  
  • Minimum of five years of banking experience with emphasis on BSA/AML and compliance. 
  • Minimum Certifications: Certified Anti-Money Laundering Specialist (CAMS) 
  • Full background screening and credit check are required.

KNOWLEDGE, SKILLS, AND ABILITIES: 

  • Experience with Verafin, SARs, CTRs, 314, and Sanctions required.  
  • Experience with Crypto and issues around decentralized finance highly preferred.  
  • Strong verbal and written communication skills. Excellent presentation skills; able to clearly prepare and present complex regulatory issues. 
  • Good interpersonal skills, and able to work well with a wide range of people. 
  • Strong attention to detail and good time management skills. 
  • Strong analytical abilities, critical thinking skills, and strong research skills. 
  • Strong organizational and time management skills. 
  • Good follow-through on projects and deliverables. 
  • Strong sense of customer service. 
  • Strong understanding of banking guidelines; thorough knowledge of internal structure and function of all areas in the bank. 
  • Able to manage increased pressure situations on occasion. 
  • Able to make appropriate judgments based on Bank policy and procedures. 
  • Demonstrates commitment to Bank values and high ethical standards through leadership and behavior. 
  • Able to remain unbiased and objective despite outside influences. 
  • Proficient in Microsoft Office applications, including Word, Excel, and PowerPoint. 
  • Able and willing to continue business skill development. 

Work Environment 

  • This position is designed for a remote work environment. The candidate must have experience in self-managing and utilizing technology effectively and efficiently. 
  • Occasional travel for meetings and events may be required.

Benefits: 

  • Medical 
  • Dental 
  • Vision 
  • Health Savings Account 
  • Flexible Spending Account 
  • Dependent Care Assistance Program (DCAP) 
  • Supplemental Health Plans  
  • Employer Paid Life Insurance 
  • Stock options 
  • 401(k) Plan 
  • Paid Time Off 

The above information is intended to describe the general nature and level of work performed by an employee in this position. These statements are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of employees in this position. 

Nothing in this job posting restricts management’s right to assign or reassign job duties as required. This job description is not to be construed as a guaranteed contract of employment for a definite period. 

Old Glory Bank provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type 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 laws. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training. 

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