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BSA Manager/Officer

Company: Westamerica Bancorporation
Location: Fairfield
Posted on: June 12, 2021

Job Description:

Westamerica is among the largest commercial banks headquartered in California. We are looking for outstanding people to join our winning team. We reached our current strength because our employees, customers, and shareholders believe in the same fundamental goals: Delivering a wide variety of financial services with a superior customer service guarantee.

BSA Manager/Officer


The BSA Manager/Officer provides program support for the BSA Manager/Officer and Department in support of the Bank's BSA compliance programs.

  • Maintain and review the BSA and Office of Foreign Assets Control (OFAC) monitoring system to assure that it has appropriate tools to identify suspicious or fraudulent activities.
  • Monitor the Bank's compliance with Anti-Money Laundering (AML) laws and recognize suspicious activities related to money laundering, terrorist financing and illegal activity.
  • Ensure adherence to various banking laws and regulations.
  • Assist the BSA Officer with setting the strategic vision of the BSA/AML program. This role is also intended to provide operational support to the BSA Officer on all day-to-day matters.
  • Ensure employees have the access, knowledge, training and resources required to maintain BSA/AML compliance in their respective areas of operation.
  • Manage projects covering a wide spectrum of areas, from assisting business units in developing efficient BSA/AML processes that appropriately identify risk and adhere to bank-wide policy. Assist the BSA Officer with all BSA/AML/OFAC risk for the Bank's Merchant Acquiring Division assessments for new and enhanced product and service development enterprise wide, including assessing inherent risk and exposure as well as applicable control environment or control enhancements needed for viable execution and launch of products and services.
  • Assists in maintaining sound high-risk merchant monitoring controls by applying knowledge of transaction laundering methodologies as well as bankcard payment operator network (e.g., Visa, MasterCard, AMEX, Discover) rules
  • Maintain a current awareness of the regulatory environment and emerging regulatory and financial crime risks that may impact the bank's products/services, and BSA/AML controls.

Minimum Qualifications:

  • 5+ years of experience in BSA/AML/KYC and OFAC matters in a bank setting, as well as financial products and services and bank operations.
  • 5+ years of management experience supervising employees
  • Experience conducting financial crime investigations, money laundering monitoring and/or other related BSA/AML experience
  • Banking, operations, BSA & USA Patriot acts background including performing EDD reviews on complex relationships required
  • Prior successful interaction with federal bank examiners
  • Direct experience with sanctions compliance
  • Bachelor's Degree in finance, economics, business, accounting or a related field of study
  • Well-organized, analytical, and critical thinking skills
  • Excellent verbal and written communication skills
  • Knowledge of merchant acquiring business preferred

Preferred Qualifications:

  • CAMS certification
  • Master's Degree in concentrating in finance, economics, business, accounting or a related field of study


Westamerica Bank's Privacy Policy may be found at: www.westamerica.com/about/privacy

Keywords: Westamerica Bancorporation, Fairfield , BSA Manager/Officer, Other , Fairfield, California

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