Job Title: BSA OFAC Officer
Job Description
The BSA OFAC Officer is responsible for ensuring compliance with the Bank Secrecy Act, USA PATRIOT ACT, and all applicable anti-money laundering statutes and OFAC requirements. This role involves maintaining oversight of the BSA/AML/OFAC Compliance Program, supporting internal controls, and managing risk-based customer due diligence procedures.
Responsibilities
Maintain the highest degree of integrity and ethics, adhering to all bank policies and procedures.
Manage and lead all aspects of a BSA Team of 30+, including managers, team leads, investigators, and analysts.
Build and manage relationships with key management stakeholders, fostering transparency and trust.
Communicate expectations effectively to key management stakeholders.
Understand key BSA/AML/OFAC workflows and assess staffing models, processes, and technologies to enhance program compliance and efficiency.
Direct necessary BSA/AML/OFAC/Fraud risk assessments annually or as needed.
Ensure adequate BSA/AML/OFAC training is provided to all appropriate associates.
Participate in committees and taskforces, such as the Compliance Committee and Cannabis Taskforce.
Oversee the development and update of documentation related to BSA, AML, OFAC, and US Patriot Act policies.
Stay informed of proposed rules, new laws, regulations, and industry trends to enhance the BSA/AML Program.
Prepare informative board reports summarizing program maturity and matters arising from the program.
Sponsor and manage program enhancements, including process re-engineering and technological improvements.
Assist in preparing the Risk Management Division's annual budget.
Achieve long-term corporate objectives established by management.
Essential Skills
Bachelor's Degree; an advanced degree is desirable.
Experience with a $20B+ financial institution as a BSA Officer or Deputy BSA Officer for the last 5+ years.
Minimum of 10 years of related experience.
Minimum of 10 years of specific BSA/AML investigative experience with SAR filing experience.
Certified Anti-Money Laundering Specialist (CAMS) certification is required.
Comprehensive understanding of banking and fraud patterns.
Thorough knowledge of the Bank Secrecy Act, anti-money laundering laws, USA PATRIOT Act, and OFAC regulations.
Strong leadership and management skills.
High degree of analytical, problem-solving, organizational, and project management skills.
History of favorable interactions with regulators and auditors.
Excellent verbal, written, and communication skills, including board presentation skills.
Attention to detail and deployment of sound critical professional judgment.
Ability to work in a fast-paced, deadline-oriented environment.
Experience with the development, testing, and implementation of BSA/AML/OFAC systems.
Familiarity with Verafin, FCM, IBS, and FIS systems is preferred.
Additional Skills & Qualifications
CPA, CFE, or similar certifications are preferred.
Work Environment
This role requires onsite reporting in either Wilmington, DE or Philadelphia, PA. The BSA OFAC Officer will report to the Chief Compliance Officer and manage a team of approximately 30 individuals, including team leads and investigators. The position operates in a fast-paced, deadline-oriented environment.
Job Type & Location
This is a Permanent position based out of Philadelphia, Pennsylvania or Wilmington, Delaware.
Pay and Benefits
The pay range for this position is $165000.00 - $170000.00/yr.
Medical Insurance - Highmark (BCBS): EPO (Exclusive Provider) | HDHP (High Deductible)Health Savings- Exclusive to High Deductible Health Plan participantsSupplemental Medical - Critical Illness, Accident, HospitalVision Insurance - VSP VisionDental Insurance - MetLife Dental PPO401k Plan/Match - May contribute 1% to 70% of gross salary on a pre-tax or Roth basis up to the annual IRS maximum. 401K Employer Match - $1 for $1 up to 5% - Vests immediatelyPaid Time Off (PTO) - Associates accrue PTO hours annually based on length of service and positionLife/AD&D Insurance - Basic Life/AD&D 1X Annual Salary up to $500,000 paid by WSFSVoluntary Life Insurance - Supplemental Associate Life - Voluntary Spouse Life - Voluntary Child LifeDisability Insurance - Short Term Disability-66.67% weekly income up to $2000/ week paid by WSFS Long Term Disability-60% monthly income up to 10,000/month paid by WSFSParental Leave - Birth & Non-Birth Parents provided 10 weeks paid parental leave @ 100% of paySpending Accounts - Medical | Dependent Care | Parking | TransitVoluntary Insurance - ID Theft Protection, Legal, Pet Insurance, Home/Auto - paid by AssociateWellbeing - On-site Health Screenings & Flu Vaccines, Smoking Cessation ProgramsAssociate Assistance Program (EAP) - Confidential service available 24/7 providing assessment, counseling, and resources to help Associates resolve personal issues; also provides referrals for a variety of issues, including child/elder careBank Holidays - 11 Paid HolidaysJury / Bereavement - Paid Jury Duty and Bereavement leaveTuition Reimbursement - Reimbursement up to $5,250 for undergraduate programs and graduate programsAssociate Referral Program - $500.00 referral bonus; $300 paid at new Associate hire and $200 after 6 monthsof successful employmentDiscount Program - Exclusive discounts for all Associates through PerkSpot at national & local merchants
Workplace Type
This is a fully onsite position in Wilmington,DE.
Application Deadline
This position is anticipated to close on Nov 13, 2025.
About Aston Carter:
Aston Carter provides world-class corporate talent solutions to thousands of clients across the globe. Specialized in accounting, finance, human resources, talent acquisition, procurement, supply chain and select administrative professions, we extend the capabilities of industry-leading companies. We draw on our deep recruiting expertise and expansive network to meet the evolving needs of our clients and talent community with agility and excellence. With offices across the U.S., Canada, Asia Pacific and Europe, Aston Carter serves many of the Fortune 500. We are proud to be a ClearlyRated Best of Staffing® double diamond winner for both client and talent service.
The company is an equal opportunity employer and will consider all applications without regard to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law.
If you would like to request a reasonable accommodation, such as the modification or adjustment of the job application process or interviewing process due to a disability, please email astoncarteraccommodation@astoncarter.com (%20astoncarteraccommodation@astoncarter.com) for other accommodation options.
