• Job Description

  Req#: DIREC002837

  Summary: The Director of BSA/AML Compliance is the Board-designated BSA Officer and responsible for the supervision of the Bank’s BSA/AML/OFAC unit. BSA/AML responsibilities include providing the Chief Compliance Officer (“CCO”) and senior management with assurance that an effective, risk based BSA/AML/OFAC program exists designed to ensure compliance with all BSA/AML/OFAC laws and regulations.

  Salary commensurate with experience, ranging from $180,000 to $210,000 annually. The exact compensation may vary based on relevant experience, skills, education, training, licensure and certifications, and location.

  All applicants must attach a recent resume.

  Responsibilities:

  • Conduct BSA/AML/OFAC Risk Assessments as needed, and no less than annually, with consideration to products, services, customers, and geographies that may present BSA/AML/OFAC related risk; reporting such annually to management and the Board of Directors or a committee thereof.
  • Develop, implement, maintain, and administer the Bank’s BSA/AML/OFAC compliance program, including but not limited to monitoring for cash activity, suspicious transactions, and customer identification program (“CIP”) and due diligence compliance as well as drafting and updating policies and procedures related to BSA/AML/OFAC compliance.
  • Oversee and document the Bank’s Compliance with NYS DFS Transaction Monitoring and Filtering Requirements “Part 504” and coordinate the Bank’s annual certification.
  • Review and update the BSA/AML/OFAC Policy and Cannabis Banking Policy no less than annually and submit them for Board approval.
  • Direct BSA department staff in the course of their daily work regarding monitoring and reporting, ensuring staff is fulfilling all required functions in a timely, efficient, and effective manner.
  • Perform and oversee quality assurance reviews of work performed by the BSA Department staff to ensure the accuracy of work performed.
  • Oversee parameter tuning and periodic model validation for the Bank’s BSA/AML/OFAC software.
  • Oversee various bank-wide quality assurance reviews and compliance monitoring in the areas of BSA/AML, CIP and Enhanced Due Diligence, and OFAC.
  • Maintain collaborative alliances with all Bank business lines to ensure appropriate BSA/AML/OFAC risks and red flags are identified and communicated prior to implementation of new/changed products and services.
  • Coordinate with the Training Department to ensure appropriate BSA/AML/OFAC compliance training for applicable staff throughout the Bank.
  • Coordinate appropriate training for BSA Department staff to maintain a high level of knowledge of BSA/AML/OFAC compliance.
  • Periodically report to the Board of Directors, or a committee thereof, information regarding the BSA/AML/OFAC Program including but not limited to SARs filed, alert and CTR trends, high risk customers, status of any corrective actions taken related to identified compliance deficiencies, as well as industry trends and emerging risks.
  • As a member of the Bank’s Compliance Committee, attend regular meetings and provide advice pertaining to BSA/AML/OFAC related matters.
  • Liaise with auditors/examiners during compliance audits/examinations.
  • Provide the CCO with periodic status 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 directed by the CCO.

  Qualifications:

  • Bachelor’s degree required or commensurate work experience.
  • Minimum ten years’ relevant experience in the financial services industry in BSA/AML related capacity or as a consultant or regulator, with a minimum of five years in a senior leadership compliance role.
  • Extensive understanding of all BSA/AML and OFAC laws, regulations, and guidance.
  • Experience in Cannabis Banking preferred.
  • Ability to understand, interpret, convey, and implement the requirements of pertinent laws and regulations essential.
  • Strong leader who displays the ability to supervise and provide direction to staff, delegate responsibilities appropriately and prioritize assignments.
  • Exhibit the ability to work both independently and in a team-oriented environment.
  • Strong analytical capability and ability to identify potential concerns, recommend operational improvements to management and initiate action.
  • Excellent communication (verbal and written), organizational, and follow-up skills necessary.
  • Able to communicate highly technical compliance-related information in a usable manner.
  • Ability to negotiate and collaborate with others, initiate action, adapt to change and accept challenging assignments essential.
  • Proficient in BSA/AML Software, as well as Microsoft Office Suite software, including but not limited to Word, Excel, and Outlook. Verafin software experience preferred.

  Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

  The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)

• About the company

  The Dime Community Bank, originally known as the Dime Savings Bank of Williamsburgh, is a local, FDIC-insured bank originally based in the Williamsburg neighborhood of Brooklyn, New York, operating in the area since 1864.

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