BSA Officer Location : Location US-WA-Seattle Location : Address 425 Pike Street Location : City Seattle Location : State/Province WA ID 2024-2830 Category Risk and Compliance Position Type Full Time Min USD $190,000.00/Yr. Max USD $250,000.00/Yr. Min USD $190,000.00/Yr. Max USD $250,000.00/Yr. Job Summary The AML/CFT/OFAC Compliance Officer is responsible for developing, implementing, administering, and maintaining all aspects of the Anti-Money Laundering (AML), Anti-Fraud and Economic Sanctions Compliance Program(s) in order to ensure a high level of compliance with the relevant U.S. laws and regulations. The AML/CFT/OFAC Compliance Officer is required to be fully knowledgeable with all applicable regulatory requirements and be able to independently recognize, develop, and implement bespoke compliance related solutions for the Bank's AML/CFT/OFAC and Anti-Fraud Compliance Program(s). The AML/CFT/OFAC Compliance Officer is expected to support and advise business and operational stakeholders with the development of appropriate controls within their respective lines of business and/or functions. The AML/CFT/OFAC Compliance Officer will report to the SVP Chief Compliance Officer. Along with the key functions listed below, this position will be expected to uphold the value that Washington Federal places on simply being kind when working alongside colleagues and servicing our clients. ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned: Coordinate and oversee effective AML/CFT/OFAC and Fraud Compliance Program(s) in line with industry best practices, relevant rules and regulations, regulatory expectations, and the Bank's unique business strategy. Oversee all AML/CFT/OFAC compliance operations including, but not limited to, the transaction monitoring system, investigations, risk assessments, CIP/CDD/EDD program, training, policies and procedures, and regulatory reporting. Provide and maintain a compliant working environment by adhering to all relevant laws, regulations, and ethical standards, as well as leading by example. Assisting senior management in fostering a culture of compliance throughout the organization. Directly manage and develop AML/CFT/OFAC and Fraud personnel, ensuring adherence to Bank's policies and procedures, rules and regulations, professional expectations and adherence to the Bank's core values. Regulatory change management- Monitors and analyzes developing changes to laws and regulations pertaining to the BSA/AML/OFAC/USA Patriot Act. Advises stakeholders of new or amended laws, regulations, or agency guidance and recommends and implements changes and controls to mitigate those risks. Conduct AML/CFT/OFAC and Fraud risk assessments at least annually in line with industry guidance and regulatory expectations with consideration to products, services, customers, and geographies that may present heightened risks. Responsible for ensuring all required regulatory reporting is conducted in a timely, accurate, and compliant manner, including the filing of Currency Transaction Reports (CTRs) and Suspicious Activity Reports (SARs), as well as timely administration of314(a) and 314(b) procedures, processes, and reporting. Act as liaison/contact for regulatory examinations and internal and external independent reviews or audits of the AML/CFT/OFAC and Fraud compliance programs. Coordinate response to exam and audit concerns and oversee corrective actions arising from any related compliance deficiencies. Regularly apprises the bank's Board of Directors and senior management of ongoing compliance with BSA/AML related requirements including complianc