BSA/AML Deputy Officer Location : Location US-WA-Seattle Location : Address 425 Pike Street Location : City Seattle Location : State/Province WA ID 2024-3113 Category Risk and Compliance Position Type Full Time Min USD $133,000.00/Yr. Max USD $177,000.00/Yr. Min USD $133,000.00/Yr. Max USD $177,000.00/Yr. Job Summary The Deputy BSA Officer supports the BSA Officer in developing, implementing, administering, and maintaining all aspects of the BSA/AML Anti-Fraud and OFAC compliance program in order to ensure a high level of compliance with the relevant U.S. laws and regulations. The position is responsible for the management of the day-to-day functions of the BSA program as they relate to suspicious activity monitoring, high risk, and fraud ensuring that established policies and procedures are followed and comply with regulatory guidance. Along with the key functions listed below, this position will be expected to uphold the value that WaFd Bank places on simply being kind when working alongside colleagues and servicing our clients. ESSENTIAL DUTIES AND RESPONSIBILITIES include the following: Maintain control over the day-to-day operational functions of the Department, including monitoring and reporting of suspicious activity, identification, and monitoring of higher risk customers, and fraud related activities Perform quality control reviews of functional reporting areas to ensure complete, accurate and timely processing; Responsible for the oversight of the BSA/AML automated surveillance model; Perform periodic statistical and risk-based analysis of parameters relating to alert generation and risk scoring; Serve as the Bank's contact for federal and local law enforcement agencies related to law enforcement requests for information; Assist in the coordination of BSA/AML and OFAC internal compliance audits and examinations; Assist in the development of data collection for Board reporting; 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 and OFAC controls; Responsible for coordinating continual training and development of staff, including regulations, policies and procedures, customer service, risk management, and fraud-related activities; Oversee employee performance by monitoring performance evaluations and providing recommendations with regard to hiring, discipline, promotion or termination of staff; Adherence to bank policies and procedures designed to comply with Federal regulations, including but not limited to the Bank Secrecy Act, USA Patriot Act and OFAC regulations; Provide assistance to the BSA Officer with regard special projects as assigned. Qualifications Bachelor of Science or Bachelor of Arts degree Certified as an Anti-Money Laundering Specialist ("CAMS") preferred or must be eligible to sit for the exam and obtain certification within one (1) year and experience of employment needed Minimum of five (5) years of prior financial institution BSA compliance experience in developing and implementing BSA/AML//OFAC/Anti-Fraud policies, procedures, and programs In-depth knowledge of BSA/AML and OFAC laws and regulations and leading industry practices In-depth knowledge of common money laundering methods and trends General knowledge and understanding of bank deposit operations, lending activities, and consumer banking and compliance functions Strong interpersonal and communication (written and verbal) with the ability to work independently and collaboratively within a team environment Strong decision making, organizational, analyti