BSA Manager, Financial Investigations

Job Summary

The BSA Manager, Financial Investigations assists in the management of the Bank’s Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) Compliance Program, including detection of unusual or suspicious activity in a timely manner while safeguarding the integrity of the Bank and ensuring the Bank’s compliance with BSA/AML regulations.  The BSA Manager, Financial Investigations supports the AML processes, assists the BSA/AML Compliance Officer with primarily managing the suspicious activity case investigations and SAR regulatory reporting requirements.  Additionally, the BSA Manager, Financial Investigations acts as a liaison with law enforcement, and is a backup to the BSA Manager, KYC/CDD/CTR as it relates to customer and enhanced due diligence and other processes.   

Essential Duties

• Assign cases and SARs and monitors to completion.
• Conducts final review of SARs and completes filing with FinCEN in compliance with regulatory guidelines.
• Ability to communicate effectively with Bank personnel regarding discussions surrounding customer exits and/or gathering documentation to retain customers.
• Liaison between law enforcement for legal requests.
• Back up support for BSA Manager, KYC/CDD/CTR.
• Supports BSA/AML Officer on all audits and exams.
• Creates and schedules trainings for Bank staff.
• Manages department staff, responsible for cross training and staff reviews.
• Ensure Verafin users are trained in new release features and functionality; update desktop procedure, as needed; Assist in the implementation, as required.
• Updates desktop procedures and other duties as assigned.
• Additional projects may be assigned in efforts to find efficiencies and to streamline the Department.

Complies with all State and Federal Banking regulatory requirements, including but not limited to: BSA, AML, OFAC, CIP, Financial Elder Abuse Reporting, Sexual Harassment, Information Security and privacy requirements. Acts as the control point for the Department to ensure that all BSA/AML-related requirements, procedures and time frames are met.

Non-Essential Duties

• Attend outside seminars and conferences to enhance knowledge of BSA/AML & OFAC regulations/requirements

Required Knowledge 

• Bank Secrecy Act
• OFAC
• USA PATRIOT Act 
• Privacy Laws

Basic Knowledge, Skills and Abilities

• Clear understanding of the English Language (Spoken & Written) 
• Basic Mathematics Skills
• Customer Service Skills
• Telephone Skills 
• Critical Thinking, Judgment & Problem-Solving Skills
• Supervisory Skills
• Ability to actively listen & learn.
• Ability to respectfully communicate with supervisors and co-workers
• Proficient in Microsoft Excel, Word, Outlook. 

Officer Title Eligibility

For qualified positions, the Bank may designate an Officer Title to an employee who seeks and/or meets defined competencies for an eligible position. This position qualifies for the officer title(s) Assistant Vice President, Vice President.

Equipment Operated

• Lap/desk top computers 
• Standard Office Equipment (copiers, fax machines)

Physical Requirements & Work Environment

• Requires sitting for prolong period of time
• Requires lifting up 10 lbs.
• Office setting w/controlled temperature

Education and Experience

• High School Diploma or equivalent required.
• 5-10 years’ experience with BSA programs within the financial services industry
• CAMS certification preferred, but not required

This job description is not intended to be all-inclusive, and employees will be required to perform additional related work duties as assigned by their immediate supervisor and/or management.

F&M Bank reserves the right to revise or change a job description or duties as the need arises. This job description does not constitute a written or implied contract of employment.

August 20, 2025