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Bank Secrecy Act (BSA) Officer 


Job Description Job Title: Bank Secrecy Act (BSA) Officer

Reports To: General Counsel

FLSA Status: Exempt

SUMMARY: The Bank Secrecy Act (BSA) Officer is responsible for coordinating the development, implementation and administration of all aspects of the corporate-wide Bank Secrecy Act (BSA) Compliance Program. This position monitors compliance with state and federal laws and regulations (including the Bank Secrecy Act (BSA), USA PATRIOT Act, Anti-Money Laundering (AML), and OFAC.


  • Administer the bank's BSA program. Develop and/or revise policies, procedures, and programs in support of the administration of the bank's BSA program;
  • Conduct regular training for the Board of Directors and staff on BSA-AML policies and procedures;
  • Investigate transactions that are suspicious in nature, and submit Suspicious Activity Reports for BSA-AML-related activities;
  • Monitor and track BSA-AML high-risk customers and accounts. Manages the CTR process;
  • Assists with the administration of anti-money laundering/OFAC software to monitor and report all BSA-related activities to management as directed;
  • Coordinate with internal and external auditors, including regulatory examiners, during audits and examinations to provide requested information as well as interim consultation;
  • Maintain proficient knowledge of applicable rules and regulations, including but not limited to, the Bank Secrecy Act (BSA), USA Patriot Act, and OFAC;
  • Lead the Bank's deposit operations compliance. Coordinate with operations personnel on new account BSA/customer information compliance.
  • Examines establishment policies, procedures, and practices to ensure compliance with laws and regulations.
  • Stays abreast of changes to federal and state banking laws and regulations affecting the management, operations, and product offerings of the establishment.
  • Coordinates with legal counsel and operating departments to ensure adherence to laws and regulations relating to new or revised products and services offerings.
  • Oversees the revision, preparation, and dissemination of new and updated compliance standards and procedures.
  • Coordinates, supervises, and supports establishment's compliance-related programs, such as compliance training, compliance testing and reporting, disaster recovery, contingency planning, and records warehousing and destruction.
  • Informs and advises management of conditions and status of establishment adherence to laws and regulations.
  • Consults with and advises operating units and managers affected by compliance issues and regulatory requirements.
  • Other duties may be assigned.

Position Requirements

Required Education and Experience

  • Bachelor's degree (B. A.) from four-year College or university; and four years related experience and/or training; or equivalent combination of education and experience.
  • BSA experience required.
  • Deposit or lending compliance background preferred.
  • Verafin experience helpful but not required.
Full-Time/Part-Time Full-Time  
Req Number MAN-16-00001  
Location Southfield Office  
About the Organization As a trusted neighborhood bank, Sterling Bank & Trust provides a comprehensive choice of banking solutions, innovative loan products and outstanding personal service to individuals, professionals, businesses and commercial customers. We're known for highly competitive deposit rates, expertise in mortgage lending and keeping deposits at work in the local community. Our customers know that they can stop by any branch and be treated like family. Since the Bank was founded in 1984, our customers have trusted us to help them handle their banking and financial needs.

We have neighborhood branches in San Francisco and the Bay area. We have expanded on the West Coast into Los Angeles, and Seattle, where we have a loan production office.

In 2017, Sterling Bank & Trust expanded to New York with its division, SBT Advantage Bank. SBT Advantage Bank offers the same great banking solutions, innovative loan products, and outstanding service that has made Sterling Bank & Trust a success. SBT Advantage has opened loan production offices in Manhattan and Flushing with additional locations coming soon.

We continue to grow our bank to better serve our customers and the communities we serve across the country. The bank has over $3 billion in assets.  
EOE Statement We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status or any other characteristic protected by law.  

This position is currently not accepting applications.

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