About Blue Foundry Bank This is the Bank Where Things are Made. Blue Foundry is a bank where businesses are shaped, plans are formed, ideas are refined, solutions are built, and stuff gets done. Blue Foundry is revolutionary, bold, resourceful, roll-up-your-sleeves committed, smart, creative, and fun. A Bank of movers, shakers, and makers…We are a Bank that Gets Things Done. At Blue Foundry Bank we invest in the well-being of our most prized asset…our employees! We provide a robust array of programs and benefits to help employees advance their careers and enhance the quality of their lives. Our experiential learning and development program ensures employees are on track to grow their career as of day one. In addition, our comprehensive compensation package includes; medical, dental, and vision coverage; life insurance, short- and long-term disability insurance; 401(k)/Roth with company match up to 5%; paid time off, and 11 paid holidays; employee referral bonus; and educational reimbursement. Summary The BSA Officer is responsible for ensuring the Bank's compliance with all relevant Bank Secrecy Act (BSA) laws, rules, and regulations. Key responsibilities include monitoring and coordinating the Bank's BSA compliance program and documenting adherence to regulatory requirements. This includes the timely filing of all required BSA reports and notices, such as Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs). Additionally, in this role you will be tasked with maintaining and updating the Bank's policies and procedures to ensure compliance with the BSA, Customer Identification Program (CIP), Office of Foreign Assets Control (OFAC) requirements, and Regulation GG, which pertains to unlawful Internet gambling enforcement. Finally, the BSA Officer also ensures that all staff are adequately trained on BSA-related policies and serves as the primary point of contact with regulatory agencies regarding BSA compliance. Position 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 Bank Secrecy Act 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. + Maintain working relationship with State and Federal Regulators, Core Service Provider, industry groups, and other governmental agencies. + Review and update the BSA/AML/OFAC Policy and Procedures 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. Additional Responsibilities + 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. + Holds regular meetings and provide advice pertaining to BSA/AML/OFAC related matters to the BSA Committee members. + Liaise with auditors/examiners during BSA audits/examinations. + Provide the Director of Compliance & BSA AML 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 Risk Management Team. Position Requirements + Bachelor’s degree required or ten (10) years’ commensurate work experience. + Minimum ten (10) years’ relevant experience in the financial services industry in BSA/AML. + Extensive understanding of all BSA/AML and OFAC laws, regulations, and guidance. + Verafin software experience required + Proficient in BSA/AML Software, as well as Microsoft Office Suite software, including but not limited to Word, Excel, and Outlook. + Ability to understand, interpret, convey, and implement the requirements of pertinent laws and regulations is 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. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, LGBTQ, national origin, disability or protected veteran status. Come join the Blue Crew community and be part of our success!