The Deputy BSA Officer (DBSAO) provides support and assistance to the BSA Officer in the design, development, and implementation of the institution’s Bank Secrecy Act, Anti-Money Laundering, Customer Information Program, and Office of Foreign Assets Control (BSA/AML/CIP/OFAC) compliance programs. This individual is a critical point of contact for ONB business leaders, the internal audit function, law enforcement, and bank regulators. The DBSAO should understand the Bank’s products, services, customers, entities, and geographic locations, and the potential money laundering and terrorist financing risks associated with these activities. The position plays a key role as an important internal consultant to management and others throughout the organization related to BSA, AML, CIP, and OFAC matters.
Salary Range
The annual salary range for this position is $106,100 - $214,600. The base salary indicated for this position reflects the compensation range applicable to all levels of the role across the United States. Actual salary offers within this range may vary based on a number of factors, including the specific responsibilities of the position, the candidate’s relevant skills and professional experience, educational qualifications, and geographic location.
Key Accountabilities
Develop, implement, and maintain the BSA/AML/OFAC Compliance Program:
- Maintain current knowledge of applicable laws, regulations, and issues. Evaluate changes in industry practice and legal/regulatory requirements and ensure that timely appropriate action is taken.
- Support the BSA Officer in developing and maintaining policies and procedures, deliver training, reinforce internal controls, and ensure timely and accurate periodic MIS reporting.
- Develop KRIs/KPIs for reporting to applicable oversight committees.
- Facilitate periodic committee presentations.
- Coordinate with the BSA Senior Leadership team members and Governance Analyst to prepare and execute the annual BSA/AML/OFAC risk assessment, including data analysis, coverage assessment, methodology and application.
- Ensure compliance with 314(a) and 314(b) (PATRIOT Act) responsibilities.
- Requires continuous exercise of judgment following broad guidelines. Identifies and selects complex choices of action where standard practices may not exist. Must be able to accommodate detailed work, problem solving, reasoning, math, presentations, verbal communication, written communication, analytical reasoning, training others, multiple concurrent tasks and constant interruptions.
Serve as a key resource for internal team members, management, board of directors, and regulators:
- Advise lines of business and operational areas of BSA, AML and OFAC Program Issues, including regulatory changes, business changes, impacts on new products and services, process and procedure changes, and any additional first line support needed.
- Provide assistance to the Compliance Department when needed.
- Conduct self-assessments and assist in preparation and coordination of independent audits and regulatory examinations.
- Lead BSA/AML Steering Committee meetings to provide current information to committee members.
- Assist in department/division special projects and tasks for the department as directed.
- Assist in the development, revision or reviews of bank policies, procedures, disclosures, notices, and forms to comply with legislative and regulatory changes or new requirements.
Key Competencies for Position
People Leadership:
- Coach & Empower Others: Provides timely feedback, support, and guidance to encourage and support associates to accomplish tasks, solve problems, and enhance their professional development.
- Attract and Develop Talent: Actively seeks to attract the best talent and to develop associate’s effectiveness in tehri current roles and future roles.
- Gaining Agreement: Uses appropriate interpersonal styles and techniques to gain acceptance of ideas or plans; modifies one's own behavior to accommodate tasks, situations, and individuals involved.
Culture Leadership:
- Communication: Shares relevant information with identified stakeholders, tailor’s delivery to the audience, selects appropriate delivery methods to suit the situation and audience.
- Culture & Values Leadership: Demonstrates Old National's culture in daily interactions and encourages associates to live by our culture and core values.
Execution Leadership:
- Drive and Execution: Committed to achieving established goals, overcoming obstacles, and continuously learning to improve performance
- Establish Plans & Priorities: Ability to determine a course of action and establish a timeframe to complete individual objectives and team goals.
- Problem Solving/Decision Making: Seeks to identify what caused the issue, consults with lines of business and subject matter experts, as appropriate, to determine the best solution and acts within approved policies, procedures, and established guidelines.
Qualifications and Education Requirements
- Master’s Degree or comparable experience
- Bachelor’s degree in business, Finance, Accounting, or related field desired
- 10+ years relevant experience in BSA/AML and OFAC compliance preferably in a mid-size or large bank environment
- CAMS, CAFP, or CRCM
- Extensive knowledge of Enhanced Due Diligence (EDD) matters, OFAC regulations, USA PATRIOT Act, AML/BSA Acts, Fraud Scenarios, Criminal Situations, and Internal Crimes with the ability to define problems and propose solutions.
- Able to manage and execute multiple complex projects within required timelines and expectations required
- Extensive knowledge of information technology, particularly how systems and applications integrate with business processes and operations (e.g., information technology risks, major systems conversions)
- Excellent communication/influence skills are required, including reports; presentations; group facilitation skills; ability to develop professional relationships; and networking internally/externally)
- Proven ability to partner effectively across all levels of the organization and develop positive working relationships
- Highly logical and organized to develop creative solutions to complex problems.
- Executive presence with internal partners and external constituents, as necessary
- Business or Statistical Models experience, including governance, controls, development, documentation, validation, and calibration.
Key Measures of Success/Key Deliverables:
- Effectively oversees and reports program status through KRIs and committee oversight documents.
- Develops and implements solutions and enhancements to further growth and effectiveness of the bank’s BSA AML program.
- Healthy collaboration with all departments of BSA/AML to ensure effective and efficient program implementation
Old National is proud to be an equal opportunity employer focused on fostering an inclusive workplace and committed to hiring a workforce comprised of diverse backgrounds, cultures and thinking styles.
As such, all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as a qualified individual with disability, sexual orientation, gender identity or any other characteristic protected by law.
We do not accept resumes from external staffing agencies or independent recruiters for any of our openings unless we have an agreement signed by the Director of Talent Acquisition, SVP, to fill a specific position.
Our culture is firmly rooted in our core values.
We are optimistic. We are collaborative. We are inclusive. We are agile. We are ethical.
We are Old National Bank. Join our team!
