Our BSA Department is seeking a new BSA Governance & QA Manager to join their team! This role is based at our newly constructed Headquarters in Toms River, NJ!

At OceanFirst Bank, each one of our employees plays an important role in fulfilling the mission and taking responsibility to execute daily tasks in alignment with our core values. Together we foster an environment of respect, professionalism and diversity that makes OceanFirst a great place to work and do business.

Great benefits include: on-site fitness facility, hybrid schedule after initial onboarding has been completed (3 days in office, 2 days remote), employee perks & discount programs, tuition assistance, incentive compensation program, professional development opportunities, and more! Apply today to #BecomeOceanFirst and make an impact in the local community!

PRIMARY PURPOSE:

The BSA Governance & Quality Assurance Manager assists the Bank Secrecy Act (BSA) Department in all requirements necessary to achieve and maintain a satisfactory level of BSA compliance and assists the BSA Officer manager the BSA Governance and Quality Assurance Program. This position ensures practices align with operating procedures, industry standards and regulatory compliance, analyzes data and documentation to identify process exceptions, and assists with ensuring that BSA processes and procedures comply with bank policies and appropriate governing laws and regulations related to BSA and AML processing requirements. Additionally, has knowledge of Anti-Money Laundering (AML) and Bank Secrecy Act (BSA) requirements to fulfill the following duties:

ESSENTIAL DUTIES AND RESPONSIBILITIES:

• Perform quality assurance reviews on a sample and targeted basis of work performed by BSA employees across various business-as-usual processes and special projects.
• Manage quality assurance reviews of Currency Transaction Reporting to determine that all regulatory required information is populated and accurate ensuring no technical violations of law; all underlying transactional data is identified and reported on the CTR report; and all reports are filed within regulatory timeframes.
• Manages quality assurance reviews of CTR Exemptions to ensure exempted customers qualify for exemption and are periodically reviewed in accordance with the regulatory requirements.
• Manages quality assurance reviews of all functions related to AML and fraud monitoring including the handling of alerts generated by the Bank’s AML system, case investigations, and Suspicious Activity Reports
• Manages quality assurance reviews of all functions related to the High Risk team, including but not limited to High Risk Reviews, New Account High Risk Reviews, enhanced due diligence reviews, etc.
• Manages quality assurance reviews of the systems and data validation reports.
• Manages quality assurance reviews of all BSA-related functions across various lines of business within the bank.
• Report findings and observations based on QA standards and processes to Management.
• Provide recommendations for process revisions to help improve department efficiency and/or accuracy.
• Track all open exception items and follow up as necessary.
• Maintain proficiency in all aspects of BSA/AML compliance; attend BSA training as assigned by the BSA Officer
• Adhere to all provisions of OceanFirst Bank policies and procedures, including the confidentiality policy, code of ethics and BSA/AML/OFAC policies and procedures.
• Assist in the development and execution of enterprise and targeted training.
• Assist the BSA Officer in development and execution of regulatory monitoring program (changes in law, guidance or regulatory expectation).
• Assist the BSA Officer in the development and execution of Financial Crimes Compliance related risk assessments.
• Other duties and responsibilities may be assigned, according to the needs of the Bank.

JOB SPECIFICATIONS:

Knowledge, Skills & Abilities

• Advanced knowledge of the Bank Secrecy Act (BSA) and related regulations related to CTRs, Designation of Exempt Person reporting requirements, SARs, Customer Due Diligence, Enhanced Due Diligence, Beneficial Ownership, and OFAC.

• Ability to evaluate various types of BSA/AML/CDD/Watch List alerts and investigation reviews.
• Familiarity with various AML monitoring systems and ancillary systems utilized by the BSA Department
• Ability to develop written business requirements, procedures and/or policy documents.
• Proven ability to independently make decisions.
• Highly effective communicator, both verbal and written, with strong presentation/leadership skills
• Must be able to work and thrive in a fast paced, high demand and deadline driven environment.
• Demonstrate a strong sense of urgency by responding immediately to escalated issues and rapidly changing priorities.
• Must possess critical thinking, analytical and problem-solving skills.

Experience & Education

• Bachelor’s degree in business or related field preferred or equivalent work experience

• 8+ years bank experience in BSA/AML Governance, Quality Assurance, and Fraud or related Compliance or Audit experience
• 1 to 3 years prior supervisory or management experience strongly preferred.

• Certified Anti-Money Specialists (CAMS) designation preferred.

Internal and External Contacts

• Frequent contact with Retail Branch management staff, and Compliance Officer.
• Occasional contact with local police departments and prosecutors.
• Interaction with Retail Customer Services, Retail Support Services, Legal, and Internal Audit Department, other Business Units and service providers as necessary.

Working Conditions/Physical Requirements
Office environment. Ability to operate computer. Ability to communicate to exchange simple to complex information with individuals and groups. Ability to travel throughout Bank footprint.

Equal Opportunity Employer
Minorities/Females/Veterans/Individuals with Disabilities/Sexual Orientation/Gender Identity