Head of AML Compliance/BSA Officer - Plano
1 day ago
Job description
About Monet Bank
Monet Bank is pioneering the future of banking and money movement — faster, more efficient, and built for the modern financial ecosystem.
At our core, we believe Monet Bank is an essential bridge to the next generation of banking and payments infrastructure.
As a profitable, well-capitalized Texas state-chartered bank and FDIC-Insured — backed by the full faith and credit of the U.S.
Government — Monet combines the strength and stability of traditional banking with forward-thinking financial technology innovation.
We recognize the fundamental inefficiencies in legacy payment networks and are building a strong team to thoughtfully challenge assumptions and pursue smarter, more scalable solutions.
Our focus is on modern banking services that empower merchants to reclaim margins, enable fintechs to operate cross-border at scale, and support technology platforms in embedding seamless financial services.
If you are motivated by building secure, intentional, and future-ready banking infrastructure, we invite you to explore opportunities with Monet Bank.
The Head of AML/BSA Officer is responsible for coordinating and monitoring day-to-day Bank Secrecy Act/Anti-Money Laundering compliance.
The BSA compliance officer is also charged with being primarily responsible for the design and buildout of any new aspects of the bank's BSA program, including any business initiatives that involve international payments and providing correspondent banking services to foreign banks, nested financial institutions within bank customers and other complex, high-risk customers.
Duties are inclusive of managing all aspects of the BSA/AML compliance program, including managing the bank's compliance with BSA regulatory requirements.
The BSA compliance officer will implement policies, procedures, and systems to ensure comprehensive know your customer (KYC) standards, customer identification programs (CIP), customer due diligence (CDD) processes, and suspicious activity monitoring and reporting (SARs) as well as being responsible for managing and gathering materials for BSA/AML audits and examinations.
Essential Duties And ResponsibilitiesAiding in the development of the Bank's BSA program, including KYC/KYB, enhanced due diligence procedures, fraud transaction monitoring and sanctions screening for a high-volume foreign correspondent banking business
Daily review of BSA reports and large cash transaction reports, kiting suspects, etc., for the purpose of detecting suspicious activity.
Daily review and submission of CTRs and perform annual review of CTR exempt customers.Create, review, and submit SARs and document SARs considered but not filed.
Daily track, review, and archive CIPs and Beneficial Ownership documentation.
Daily designate risk-rating on new accounts and perform quarterly reviews of high-risk account statements.
Assist with annual policy review for Board Approval.
Perform annual risk assessment reviews for Board Approval - BSA/OFAC/MRB.
Participate in BSA training on an ongoing basis.
Annually develop and implement BSA/AML staff training/new hire training.
Advise Senior Management and bank personnel of emerging BSA/AML/KYC/CIP trends and BSA Compliance issues.
Supervise 314(a) list reviews and responses. Maintain and audit the review tracking log.
Gather information for audits and exams and assist throughout the process. Respond to findings.
Organize and maintain computer documentation of the above and retain according to retention schedules.
Make recommendations to supervisor about methods to improve BSA processes.
Will have contact with customers, auditors, examiners, and senior officers/directors of the bank, and is to conduct relationships in a manner that will enhance the overall compliance and positive image of the bank.
Identify potential areas of compliance vulnerability and risk and devise appropriate controls and other mitigation.Provide reports regarding their activities to the Banks' senior management and Boards of Directors.
Undertake continuous learning and self-study to stay abreast of changing regulations and emerging issues.
Work with other internal units, as appropriate, to design and deliver compliance education for new and existing employees.
Work collaboratively with the Legal Department and outside counsel, as necessary.
Respond to customer complaints forwarded by regulatory authorities and legislators.
All other duties assigned by Management.
Qualifications (Education, Computer Skills, Certifications, Etc.)
A minimum of 5 to 7 years' experience as a BSA officer including experience in foreign correspondent banking or high-volume payment processing at a fintech or similar firm
Knowledge of banking processes, products and regulations.
Organization and strong multi-tasking skills.
Strong, distinct, and professional communication in verbal and written skills.
Present a professional image in speech and conduct.
Ability to maintain a high degree of confidentiality.
Five to seven years of financial institution compliance experience.
Possess excellent oral and written communication skills.
Bachelor's degree required; Juris Doctor or graduate degrees preferred; industry certifications (CRCM, ACAMS) preferred, or relevant work experience to sit for certification exams
Benefits Options Include
Medical, dental and vision coverage
401K with company match
11 paid holidays
Accrue up to 17 vacation/sick days per year in your first year on a pro rata basis
Applicant may be eligible for annual discretionary bonus
No relocation assistance provided.
If you are looking to be a part of a winning team and meet the above requirements, we look forward to hearing from you.
Monet Bank and their affiliates do not discriminate against any candidate or employee on the basis of race, national origin, color, genetics, sex, marital status, sexual orientation, gender identity, age, disability, pregnancy, religion or religious affiliation, veteran or service member status, or any other characteristic protected by federal, state or local laws.
All applicants have rights under federal employment laws. To view your rights and government notices on the Family Medical Leave Act (FMLA), the Equal Employment Opportunity (EEO) and the Employee Polygraph Projection Act (EPPA), please see the following Department of Labor links: FMLA EEO EPPANotice to California Residents:
Monet Bank and their affiliates may collect personal information about you as part of the job application or employment process.
Please see the California Privacy Rights Act Policies at CPRA Policy, CPRA Policy | CLMG Corp, CPRA | CSG Investments CPRA Policy | for details.
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