Compliance & BSA Officer

Position: Compliance & BSA Officer

Department: Office of the President

Reports To: President

Location: 7450 Campus Drive, Suite 210, Colorado Springs, CO 80920

Onsite: Yes 

Exempt: Yes

Compensation: $60,000 - $80,000/year

Bank19 offers a comprehensive benefit package and PTO (paid time off) for eligible employees. The benefit package includes Health, Dental and Vision Insurance, options to participate in a Health Savings Account, Flexible Spending Account, Life and AD&D coverage, voluntary Supplemental Life, voluntary Short-Term, Long-Term Disability and Supplemental insurance. In addition, eligible employees have the option to participate in a company retirement plan.

Role Overview:

The Compliance and BSA Officer serves as a key member of the risk management team, responsible for developing, implementing, and administering all aspects of Bank19's Bank Secrecy Act (BSA), Anti-Money Laundering (AML), OFAC, and regulatory compliance programs. This individual acts as the primary expert and liaison for regulatory compliance, ensuring the bank adheres to all applicable federal and state banking laws, rules, and guidance. Maintaining a strong culture of compliance, the Compliance and BSA Officer works closely with senior management, staff, regulatory examiners, and auditors to identify risk, implement internal controls, and protect the reputation and integrity of the bank.

Essential Functions:

• Oversee and manage the daily operations of the bank's BSA/AML, Customer Identification Program (CIP), Customer Due Diligence (CDD/EDD), and OFAC screening processes.
• Monitor, analyze, and investigate potential suspicious activity, ensuring timely and accurate filing of Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs).
• Develop, maintain, and regularly update bank-wide compliance policies, procedures, and risk assessments to reflect changes in regulatory standards and bank operations.
• Serve as the primary contact for regulatory bodies, regulatory examinations, and independent third-party compliance and BSA audits.
• Conduct ongoing monitoring and reviews across operational and lending departments to evaluate adherence to consumer compliance laws (including RESPA, TILA, HMDA, CRA, Flood, and Fair Lending).
• Review marketing materials, product descriptions, and disclosure documents for regulatory compliance prior to implementation.
• Coordinate and deliver comprehensive compliance and BSA training to all bank personnel and the Board of Directors.
• Prepare and present regular compliance and BSA status reports to Executive Management and the Board of Directors.
• Track and remediate audit and exam findings, ensuring corrective actions are implemented promptly and effectively.
• Regular, reliable, and predictable attendance is an essential function of this role.
• Perform other duties as assigned.

Knowledge, Skills, and Abilities:

• In-depth knowledge of federal and state banking regulations, BSA/AML laws, USA PATRIOT Act, OFAC rules, and consumer compliance guidelines.
• Excellent written and verbal communication skills with the ability to articulate regulatory requirements clearly to staff and board members.
• Strong analytical, problem-solving, and decision-making capabilities with high attention to detail.
• Ability to work independently, prioritize complex workloads, and manage tight deadlines.
• High degree of integrity, ethical judgment, and confidentiality in handling sensitive bank and customer information.
• Proficiency with BSA/AML monitoring software, loan origination systems, and general banking platforms.

Experience & Education:

• Bachelor's degree in finance, business administration, criminal justice, or a related field; equivalent work experience may be considered in lieu of a degree.
• Minimum three (3) to five (5) years of experience in bank compliance, BSA/AML monitoring, or regulatory auditing within a community bank environment.
• Professional certification such as CAMS (Certified Anti-Money Laundering Specialist) or CRCM (Certified Regulatory Compliance Manager) strongly preferred.

Physical Requirements:

• Stationary position; prolonged periods at a desk and working on the computer.
• Periodic movement about inside the work/office environment.
• Occasionally lifting to 10 pounds.

Bank19 is an equal opportunity employer. All candidates for employment are considered equally, and no distinction is made based on race, color, national origin, age, religion, disability, sex, sexual orientation, gender identity, gender expression, marital status, genetic information, or veteran status. Bank19 is also committed to providing qualified applicants and employees reasonable accommodation, when necessary, to enable the individuals to complete the application process and/or perform the essential functions of the job. An applicant and/or employee requiring reasonable accommodation to perform any essential job function should contact Human Resources.