Why Broadway Bank:

We are one of the largest independently owned banks in Texas with offerings in personal
and private banking, wealth management, business banking and mortgage lending.

Purpose of the Position:

Responsible for developing and maintaining an enterprise-wide risk framework that specifically addresses and ensures compliance with the Bank Secrecy Act (BSA) and the Anti-Money Laundering (AML) Program. Oversees the BSA/AML and Fraud teams to optimize and synergize operations and performance therein. The BSA AML Officer is responsible for developing, implementing, and administering all aspects of the BSA Compliance Program using regulatory guidance and industry standards and advising management on the risks and requirements of new financial products. The BSA AML Officer will also provide oversight and strategic direction for the Bank's fraud program.

Key Accountabilities:

• At the direction of the bank's Chief Risk officer and Board of Directors, carries out the requirements and ensures employee adherence to the bank's BSA/AML/CIP/OFAC policies, procedures, and processes.
• Directs the BSA/AML compliance monitoring program to ensure there are sufficient internal controls to promote an effective control environment and prioritizes focus towards areas identified as having the highest level of BSA/AML risk to the bank.
• Regularly apprises the bank's Board of Directors and senior management of ongoing compliance with BSA/AML related requirements including compliance initiatives, identified compliance deficiencies, corrective action taken, and Suspicious Activity Reports (SARs) filed.
• Develops and maintains working relationships with various law enforcement agencies.
• Regulatory change management- Monitors and analyzes developing changes to laws and regulations pertaining to the BSA/AML/OFAC/USA Patriot Act. Advises stakeholders of new or amended laws, regulations, or agency guidance and recommends and implements changes and controls to mitigate those risks.
• Maintains knowledge of the bank's products, services, customers and geographic locations, and the potential money laundering and terrorist financing risk issues associated with those activities.
• Develops and maintains a current written assessment of the bank's risk in all areas of BSA/AML compliance including, but not limited to, overall BSA/AML risk, customer identification and OFAC.
• Oversees the collection of money laundering risk data pertaining to products, services and customers submitted annually to the OCC on the BSA/AML Quantity of Risk Summary Form.
• Acts as an advisor for new products, services, and business opportunities to ensure BSA/AML/KYC/OFAC compliance risks are identified and addressed.
• Maintains a comprehensive risk-based BSA/AML policy addressing all areas of BSA/AML compliance, leads the development of and/or reviews changes to procedures of various departments to ensure BSA/AML compliance issues are adequately addressed, and meets with bank staff and management to advise of deficiencies and ensure that required changes are made.
• Continually reviews and refines alert thresholds and organizational configurations in the transactional monitoring system to ensure alerts are appropriately set and suspicious activity is detected as expected.
• Maintains and updates documentation and justification of alert thresholds.
• Utilizes and evaluates a wide range of systems used to evaluate transactions and obtain evidence to mitigate financial loss.
• Evaluates processes and makes recommendations to gain optimal efficiencies using available systems, tools, and resources.
• Manages the vendor, process, and documentation for required model validations.
• Oversees all the bank's functional areas with respect to suspicious activity investigations.
• Serves as a decision maker in conjunction with other designated individuals on possible
  suspicious activity and Suspicious Activity Report (SAR) decisions and ensures SARs are properly filed and reported to the Board of Directors.
• Makes determinations and communicates decisions on termination of account relationships or refusal of new relationships because of unacceptable BSA and/or OFAC risk.
• Leads and monitors the process for maintaining and administering the bank's customer identification program (CIP), customer due diligence (CDD)/beneficial ownership, and enhanced due diligence (EDD) requirements.
• Leads the process for maintaining and administering the bank's Office of Foreign Assets Control (OFAC) compliance program for all functional areas of the bank.
• Manages the identification and monitoring of customers at high risk of money laundering and terrorist activity.
• Leads the process for ensuring all BSA/AML reports are filed as required including, but not limited to, Currency Transaction Reports (CTRs), Suspicious Activity Reports (SARs), Reports of Foreign Bank and Financial Accounts [FBAR], Reports of International Transportation of Currency or Monetary Instruments (CMIR), and the Designation of Exempt Person(DOEP) forms.
• Leads the process for ensuring required information regarding monetary instrument transactions and wire transfers is obtained and maintained.
• Leads the process for ensuring all BSA/AML related records are maintained according to regulatory requirements.
• Provides assistance on periodic BSA/AML compliance reviews as they are performed by the bank's regulators, internal or external auditors as a means of validating compliance efforts and reports results to appropriate levels of the bank's management and the Board of Directors.
• Performs BSA AML, CIP, and OFAC risk assessments as needed and work with internal and external business partners, and various forms of data to inform, update, streamline and optimize the BSA AML program.
• Participates in compliance training and continuing education to maintain proficiency with BSA/AML laws and regulations affecting the bank.
• Oversees a team of BSA/AML professionals.
• Oversees the annual BSA training requirements for employees, officers, and directors
  Chairs the BSA Committee.
• Provides oversight and strategic direction for the Bank's fraud program and serves as the next level manager over the Bank's Fraud Manager.
• Maintains knowledge of current fraud industry tools and provides assistance to the Fraud Manager on implementation of new technology and programs designed to detect and prevent fraud.
• Works with the Fraud Manager to analyze trends to identify emerging fraudulent schemes or risks and proactively recommends measures to reduce exposure and limit liability.
• Works with the Fraud Manager to ensure fraud related SARs are submitted timely.

Competencies and Skills:

• Extensive knowledge of the Bank Secrecy Act, Anti-Money Laundering, USA PATRIOT Act and OFAC regulations and requirements
• Extensive knowledge of financial crime trends, prevention solutions, and remedies
• Expertise using automated AML/BSA systems
• Ability to define problems, propose solutions, and automate manual processes
• Ability to negotiate, influence, and collaborate to build successful relationships and effective business partnerships in a matrixed environment
• Strong attention to detail and strong organizational, problem solving, analytical, and management skills
• Ability to execute in a fast paced, high demand environment while managing multiple priorities
• High energy with strong initiative
• Ability to work independently and/or in teams with limited supervision
• Strong written and verbal communication skills with the ability to simplify and summarize complex information or situations in presentations to the Board and senior management
• Ability to lead a team with integrity and create an environment where the team members feel included, valued, and supported to do work that energizes them
• Management responsibilities that include hiring talented team members, providing ongoing coaching and feedback, recognizing and developing team members, and identifying and managing risks
  

Work Experience Requirements:

• 7+ years of experience in one or a combination of the following: financial crime, Bank
  Secrecy Act (BSA), Anti-Money Laundering (AML), investigation of financial crimes, and/or bank risk management, examination, audit, compliance
• 5+ years management/supervisory experience
• Proven experience in process improvement and managing various projects

Education Requirements:

• Bachelor's degree required; advanced degree preferred.

Other Qualifications:

• Certified Anti-Money Laundering Specialist (CAMS), Certified Fraud Examiner (CFE), Certified Regulatory Compliance Manager (CRCM), Certified Financial Crime Specialist, (CFCS)and/or related professional certification
• Proficiency with Microsoft Office Suite
• Proficiency using automated BSA/AML systems

We're a culture that offers resources to benefit your overall health and well-being:

• Employee Impact Groups
• Career Development and Mentorship Programs
• Generous paid time o, minimum 4 weeks
• Employee recognition, awards, and events
• Free vision insurance
• Retirement matching
• Tuition Reimbursement

This job description is not designed to be a comprehensive listing of duties, responsibilities, or activities that are required for this job. Duties, responsibilities, and activities may change at any time with or without notice.

Broadway Bank is proud to be an Equal Opportunity and Affirmative Action Employer. Broadway Bank is a drug-free and tobacco-free workplace, with a nicotine-free hiring policy. All qualified applicants will receive consideration for employment withoutr egard to race, color, ethnicity, religion, sex, sexual orientation, gender identity, national origin ,disability, protected veteran status, genetic data or other legally protected status.

Member FDIC