BSA/AML Compliance Officer

About the role

OliBank is seeking a designated BSA/AML Officer to own and operate a risk‑based compliance program that meets FinCEN, OFAC, and OCIF expectations for its MSB and bank operations in Puerto Rico.

Key responsibilities

• Design, maintain, and document the BSA/AML compliance program, including CIP/KYB/KYC, beneficial ownership, EDD, ongoing monitoring, and recordkeeping.
• Serve as the BSA Officer with authority over SAR determinations, filing clocks, continuing‑activity reviews, confidentiality, and 314(a) searches.
• Oversee sanctions screening, OFAC block/reject handling, and ensure fail‑closed behavior during outages.
• Audit onboarding, transaction activity, and vendor compliance; document findings and remediation plans.
• Build systemic internal controls, manage training programs, and handle independent testing, audit remediation, and examiner requests.

Required profile

• 3+ years of BSA/AML compliance experience in a regulated financial institution, including direct experience with a Puerto Rico IFE/OCIF examination cycle.
• Hands‑on experience with the full SAR lifecycle, including investigation, determination memos, and filing deadlines.
• Strong research, writing, and Board‑level communication skills; fluent English (Spanish a strong plus).
• Professional certification such as CAMS, CGSS, CRCM, or equivalent is strongly preferred.

Required skills

• In‑depth knowledge of FinCEN, OFAC, and MSB regulatory requirements (31 CFR Parts 1020, 1022, 314(a)).
• Experience with transaction monitoring and risk‑scoring systems, KYB/KYC vendor integrations, and alert disposition audits.
• Ability to design and implement risk‑based internal controls and compliance training programs.