Job Description

Job Description

Job Description

Summary:

The Regent Bank BSA Risk Manager will have a strong understanding of financial regulations, emphasizing the Bank Secrecy Act (BSA). This position will work closely with the Compliance Officer to ensure all banking regulations are followed.

Essential Duties and Responsibilities:

· Ensure adherence to the BSA/AML regulations and related federal and state laws.

· Conduct and oversee the comprehensive Regent Bank BSA/AML risk assessment, OFAC/Sanctions risk assessment, and identify potential vulnerabilities and emerging risks.

· Conduct and oversee BSA and OFAC risk assessments for Regent Bank’s Financial Technology (FinTech) companies that partner with the Bank to offer products and services.

· Perform initial onboarding BSA and OFAC-focused risk assessments for FinTech companies looking to launch products and services through Regent Bank’s Banking as a Service platform.

· Analyze risk exposure across products, services, customers, and geographies.

· Develop and implement strategies to mitigate identified risks, ensuring alignment with regulatory expectations and organizational goals.

· Regularly report risk assessment findings and mitigation efforts to senior management.

· Assist with auditors and examiners to address regulatory examinations and audits.

· Implement corrective actions to address audit findings or regulatory feedback.

· Partner with various departments to address risk-related concerns.

· Stay updated on evolving regulations, industry trends, and best practices in risk management.

· Work on BSA-related special projects or other job assignments.

Education And/Or Experience:

· Bachelor’s degree in criminal justice, finance, business administration, legal studies, or related field preferred.

· Minimum of five (5) years of experience in BSA or compliance roles within the banking industry.

Knowledge/Skills/Abilities:

· Functional knowledge of Microsoft Office applications (Excel, Word, PowerPoint)

· Strong verbal and written communication skills.

· Strong understanding of relevant financial regulations.

· Strong analytical skills, with the ability to interpret financial data and trends to inform decision-making.

· All candidates must complete a pre-employment background check, credit check, and drug screening.

Physical Requirements:

· Must exert up to 10 pounds of force occasionally and/or a negligible amount of force frequently.

· Must occasionally lift and/or move up to 25lbs.

· Specific vision abilities required by this job include close vision and the ability to adjust focus.

· Sitting for long periods.

Working Conditions:

The working conditions are generally comfortable, with minimal exposure to noise, heat, dust, and other related items. All employees are required to maintain a neat and safe work area.

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