SVP, BSA/AML Officer

Department: 472-Compliance

Office:           The Edges - Sioux Falls, SD

Location:      Sioux Falls, SD

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Summary:  The Bank Secrecy Act/Anti Money Laundering (BSA/AML) Officer is responsible for oversight, including developing, implementing and administering all aspects of the Bank Secrecy Act Compliance Program. This position performs various quality control reviews and monitoring in the area of BSA, USA Patriot Act, AML, OFAC and Customer Identification Program compliance using industry standard and regulatory guidance sampling methods to ensure the Bank’s compliance efforts are maintained.


Keeps SVP-Compliance/BSA, Senior Management, and Bank personnel apprised of emerging compliance issues and consults and guides the Bank in the establishment of controls to mitigate risks. Performs direct supervisory duties of assigned department staff, and is required to be fully knowledgeable and skilled in all areas of the department. 


Essential Duties and Responsibilities: 

  •  Develops, maintains, and enforces corporate policy & procedures regarding BSA/AML compliance, including the risk assessment.
  • Reports monthly to the Financial Integrity Committee (FIUC). 
  • Develops or directs the development of MIS reports for reporting BSA/AML compliance to SVP-Compliance/ BSA, Executive Management, designated committees, and the Board of Directors. 
  • Complete the risk assessment process including the semi-annual enterprise BSA/AML/OFAC risk assessment. Assists with the periodically updating the risk assessment methodology.  
  • Approves content of corporate training for all BSA/AML compliance related and administered programs, including rewards and penalties program(s). Establishes additional training requirements for the BSA/AML Monitoring and Reporting staff.
  • Provides field coordination for regulatory examinations covering any aspect of BSA/AML.  
  • Develops and communicates corporate policy and procedures for Suspicious Activities Reporting (SARS).
  • Develops and communicates corporate policy and procedures for CTR reporting, including guidance on remedial filings and any significant CTR investigations.
  • Escalates any non-cooperative or non-compliant employees to the appropriate management and designated Human Resource representative.
  • Provides supervision to BSA/AML employees, including coaching, mentoring, hiring/firing, and performance management. Adheres to and promotes organizational development for all staff under their supervision and in accordance with the organization’s policies and applicable laws.
  • Other duties may be assigned. 


Supervisory Responsibilities: Provides direct supervision to members of the BSA/AML Team.


Education and/or Experience: Bachelor’s Degree (B.A. or B.S.) with successful experience (10+ years) and proven track record as a BSA/AML Officer. Demonstrated leadership experience a plus. Successful experience in the pre-paid industry a plus.  


Certificates, Licenses, Registrations: CAMS, preferred.


Other Skills and Abilities:  Able to work in a fast paced, ever-changing environment. Ability to work with all levels of management under pressure and with tight deadlines.


Other Qualifications: Computer skills, including Microsoft Word, Excel, and PowerPoint. Knowledge of association guidelines and applicable regulations. Good decision making skills. Excellent written and verbal communication skills. Strong organizational and multi-tasking skills.  


Values Statement: Meta Financial employees uphold our philosophy of ‘People Helping People’ by contributing to building a positive team spirit and inspiring and motivating others to perform well. Employees must speak clearly and persuasively in positive and negative situations and continually look for ways to improve and promote quality products and services to our customers.


General sign-off: The employee is expected to adhere to all company policies including but not limited to the Vision, Mission, and Value statements and actively participate in company programs including, but not limited to, Performance Management and Compliance Training. The employee must comply with all provisions of the Bank Secrecy Act and maintain complete confidentiality with all bank business.


Qualifications: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.


Language Skills: Ability to read and comprehend simple instructions, short correspondence, and memos. Ability to write simple correspondence. Ability to effectively present information in one-on-one and small group situations to customers, clients, and other employees of the organization. Must have excellent verbal and written communication skills and be able to handle self in a professional manner under stressful circumstances with the ability to multi-task and work in a fast paced environment.


Mathematical Skills: Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals. Ability to compute rate, ratio, and percent.


Reasoning Ability: Must have the ability to solve practical problems and carry out detailed but uninvolved written or oral instructions. Ability to deal with problems involving a few concrete variables in standardized situations.


Computer Skills: To perform this job successfully, an individual should be prepared to perform significant portions of their work in a computer based work environment. They should have experience with:

  • Microsoft Word, Excel and Outlook


Physical Demands: While performing the duties of this job, the employee is frequently required to stand; walk; use hands to finger, handle, or feel and reach with hands and arms. The employee is frequently required to sit. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision and ability to adjust focus.


Work Environment: The noise level in the work environment is usually moderate.


Please email your resume in MS Word, RTF, HTML, or ASCII text format to the address below. If you wish to enclose a cover letter, please include it in the body of your email message.



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