BSA/AML Officer

Description: Are you EPIC? Do you have the ability to demonstrate, understand and apply HFD’s core purpose and values in all that you do? At HFD, our mission is to make healthcare more affordable by giving everyone a better way to pay. In order to accomplish this mission, we must ensure that our team is aligned with our E.P.I.C. values:

• Excellence: Always exceeding expectations!
• Passionate: Executing with boldness!
• Innovative: Pioneering a better way!
• Collaborative: Together we win!

The EPIC BSA/AML Officer we are looking for: Reporting to the Chief Compliance Officer. The BSA Officer is the primary individual responsible for overseeing and ensuring HFD’s compliance with all applicable Bank Secrecy Act (BSA), Anti-Money Laundering (AML), US PATRIOT Act, and OFAC (Office of Foreign Assets Control) laws and regulations. This role involves managing the entire BSA compliance program, including policy development, risk assessment, transaction monitoring, reporting, and staff training to prevent the HFD from being used for financial crimes. Serves as liaison for law enforcement agencies. Requirements: As a BSA/AML Officer, your responsibilities will include:

• Policy and Program Management:?Develop, implement, and maintain HFD's written BSA/AML compliance program, policies, procedures, and internal controls. Conduct periodic reviews and updates to align with current regulatory requirements.
• Monitoring and Reporting:?Oversee the monitoring of customer transactions for unusual or suspicious activities. Ensure the timely and accurate completion and reporting of all Questionable Activity Reports (QARs) including oversight of the QAR Committee, reporting to our sponsor bank, and reporting to HFD’s Compliance Committee.
• Fraud Team Collaboration: Ongoing participation in the efforts to prevent and detect fraudulent activities that may have BSA/AML implications. Consideration for the enhancement of controls as well as possible reporting requirements based on observations.
• Risk Assessment:?Conduct periodic, comprehensive risk assessments to identify potential money laundering and terrorist financing risks across all products, services, and customer types. Develop and implement risk mitigation strategies and enhanced due diligence (EDD) procedures for high-risk accounts.
• Customer Due Diligence (CDD):?Manage the Customer Identification Program (CIP) and CDD processes, including verifying customer identities and assessing risk profiles at account opening and throughout the relationship.
• Training and Education:?Develop and deliver ongoing BSA/AML/OFAC training to all employees, relevant management, and the Board of Directors to ensure awareness and compliance with regulatory obligations.
• Audits and Examinations:?Act as the primary liaison for internal auditors, independent state and federal auditors, and regulatory examiners on BSA/AML matters. Coordinate responses to audits and examinations and ensure identified deficiencies are addressed.
• Legal Compliance:?Serve as the main point of contact for legal requests, such as subpoenas and garnishments, coordinating with internal and external stakeholders for timely and legally compliant responses.
• Other duties as assigned.

Requirements:

• Bachelor’s Degree, or a minimum of 5 years’ financial institution experience required in a lead BSA role
• Sensitivity to confidential matters and ability to exercise discretion
• CAMS certification highly preferred
• Ability to work independently
• Strong research skills
• Must be a team player and possess a high energy “can do” attitude
• Ability to multitask and excel in a fast-paced environment
• Skills required: excellent analytical abilities, strong communication (written and oral) and interpersonal skills, attention to detail, and the ability to work independently.

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