[Remote] Vice President, Head of Financial Crimes & AML/BSA Officer
Note: The job is a remote job and is open to candidates in USA. Quaint Oak Bank is a growing community bank seeking a VP, Head of Financial Crimes & AML/BSA Officer to lead its enterprise financial crimes program. The role involves overseeing compliance with BSA/AML regulations, managing financial crimes risk, and advising executive leadership on risk management and governance.
Responsibilities
- Lead the enterprise financial crimes program, including BSA/AML, OFAC, fraud, CDD/EDD, monitoring, investigations, and governance
- Serve as designated BSA Officer, overseeing daily compliance with BSA/AML, OFAC, and financial crimes regulations
- Maintain and enhance a risk-based compliance program aligned with business strategy and risk profile
- Advise executive leadership and the Board with independent, risk-based guidance; provide regular reporting on risks, SARs, regulatory changes, and remediation
- Partner with business teams to evaluate higher-risk or non-traditional relationships and define onboarding controls, monitoring expectations, and risk guardrails
- Lead fraud risk management strategy, governance, detection, investigations, and cross-functional coordination
- Oversee BSA/AML and OFAC risk assessments, customer risk rating, onboarding, monitoring, and exit processes
- Manage suspicious activity monitoring, investigations, SAR decisioning/filing, and governance
- Oversee OFAC/sanctions compliance, including screening, escalation, and blocked/rejected transactions
- Partner with IT, operations, business teams, and third-party vendors to ensure systems and data support timely identification, measurement, monitoring, reporting, and management of financial crimes risk
- Lead and manage BSA/AML, OFAC, sanctions, fraud, and financial crimes regulatory examinations, audit reviews, independent testing, and regulatory inquiries, including preparation, response strategy, issue management, validation, and remediation; drive remediation efforts through root cause analysis, corrective action planning, accountability tracking, and reporting to management and the Board; and maintain effective relationships with regulators, auditors, law enforcement, and industry resources
- Develop, maintain, and implement BSA/AML, OFAC, sanctions, fraud, and financial crimes policies, procedures, and training programs
- Lead and develop the financial crimes team, including performance, staffing, and workflows
- Monitor regulatory changes and industry trends; translate into program improvements
Skills
- Bachelor's degree (or equivalent experience) in a relevant field
- 10+ years of BSA/AML, OFAC, financial crimes, or banking compliance experience; 5+ years in leadership
- CAMS (or equivalent) certification
- Experience serving as or directly supporting a designated BSA Officer at a federally regulated bank
- Experience managing BSA/AML and OFAC programs for institutions with innovative or diversified models (e.g., fintech, payments, correspondent banking, cross-border)
- Strong knowledge of BSA, USA PATRIOT Act, FinCEN, OFAC, FFIEC guidance, SAR/CTR requirements, CDD/EDD, and related regulations
- Experience with monitoring/screening systems, model governance, alert/case management, and data quality
- Proven ability to manage exams, audits, remediation, and regulatory reporting
- Strong understanding of banking operations, payments, lending, and third-party risk
- Excellent leadership, communication, judgment, and stakeholder management skills
- Experience in community/regional banks with innovative or fintech-driven strategies
- Exposure to high-scrutiny activities (e.g., fintech partnerships, cross-border, third-party relationships)
- Experience with correspondent banking, FFIs, and sanctions risk
- Experience in sponsor-bank/BaaS, payment processors, or MSB relationships
- Experience with regulatory remediation (e.g., MRAs, MRIAs, consent orders)
- Advanced certifications (e.g., CAMS-Audit, CFE, CRCM, CFCS)
Benefits
- Excellent opportunities for career growth
- A team atmosphere
- A competitive benefits package
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