[Hiring] Vice President, Head of Financial Crimes & AML/BSA Officer @Quaint Oak Bank

Role Description

Quaint Oak Bank is a growing community bank seeking a VP, Head of Financial Crimes & AML/BSA Officer to lead its enterprise financial crimes program, including BSA/AML, AML/CFT, OFAC sanctions, fraud, customer due diligence, and risk management. The role will serve as the Bank’s designated BSA Officer (subject to Board approval) and maintain a risk-based program aligned to the Bank’s size, strategy, products, services, customer base, geographies, technology, and third-party relationships.

The Bank operates an innovative, diversified commercial strategy (including domestic, international, fintech, payments, and correspondent banking). The ideal candidate will have experience supporting such models, with strong capabilities in risk assessment, controls, governance, reporting, and regulatory engagement.

Key Responsibilities

• Lead the enterprise financial crimes program, including BSA/AML, OFAC, fraud, CDD/EDD, monitoring, investigations, and governance.
• Serve as designated BSA Officer, overseeing daily compliance with BSA/AML, OFAC, and financial crimes regulations.
• Maintain and enhance a risk-based compliance program aligned with business strategy and risk profile.
• Advise executive leadership and the Board with independent, risk-based guidance; provide regular reporting on risks, SARs, regulatory changes, and remediation.
• Partner with business teams to evaluate higher-risk or non-traditional relationships and define onboarding controls, monitoring expectations, and risk guardrails.
• Lead fraud risk management strategy, governance, detection, investigations, and cross-functional coordination.
• Oversee BSA/AML and OFAC risk assessments, customer risk rating, onboarding, monitoring, and exit processes.
• Manage suspicious activity monitoring, investigations, SAR decisioning/filing, and governance.
• Oversee OFAC/sanctions compliance, including screening, escalation, and blocked/rejected transactions.
• Partner with IT, operations, business teams, and third-party vendors to ensure systems and data support timely identification, measurement, monitoring, reporting, and management of financial crimes risk.
• Lead and manage BSA/AML, OFAC, sanctions, fraud, and financial crimes regulatory examinations, audit reviews, independent testing, and regulatory inquiries.
• Develop, maintain, and implement BSA/AML, OFAC, sanctions, fraud, and financial crimes policies, procedures, and training programs.
• Lead and develop the financial crimes team, including performance, staffing, and workflows.
• Monitor regulatory changes and industry trends; translate into program improvements.

Qualifications

• Bachelor’s degree (or equivalent experience) in a relevant field.
• 10+ years of BSA/AML, OFAC, financial crimes, or banking compliance experience; 5+ years in leadership.
• CAMS (or equivalent) certification.
• Experience serving as or directly supporting a designated BSA Officer at a federally regulated bank.
• Experience managing BSA/AML and OFAC programs for institutions with innovative or diversified models (e.g., fintech, payments, correspondent banking, cross-border).
• Strong knowledge of BSA, USA PATRIOT Act, FinCEN, OFAC, FFIEC guidance, SAR/CTR requirements, CDD/EDD, and related regulations.
• Experience with monitoring/screening systems, model governance, alert/case management, and data quality.
• Proven ability to manage exams, audits, remediation, and regulatory reporting.
• Strong understanding of banking operations, payments, lending, and third-party risk.
• Excellent leadership, communication, judgment, and stakeholder management skills.

Preferred

• Experience in community/regional banks with innovative or fintech-driven strategies.
• Exposure to high-scrutiny activities (e.g., fintech partnerships, cross-border, third-party relationships).
• Experience with correspondent banking, FFIs, and sanctions risk.
• Experience in sponsor-bank/BaaS, payment processors, or MSB relationships.
• Experience with regulatory remediation (e.g., MRAs, MRIAs, consent orders).
• Advanced certifications (e.g., CAMS-Audit, CFE, CRCM, CFCS).

Key Attributes

• Independent, practical, and risk-focused decision-maker.
• Balances compliance with business growth.
• Comfortable in innovative, evolving environments.
• Effective communicator with regulators, executives, and teams.
• Strategic yet hands-on, with strong governance and operational insight.

Salary

$135,000–$155,000/year; offer is commensurate with experience.

Company Description

Quaint Oak Bank and/or its subsidiaries is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, creed, religion, ancestry, citizenship status, age, sex, sexual orientation, gender identity, marital status, national origin, disability or veteran status. Quaint Oak Bank and/or its subsidiaries is committed to providing access, equal opportunity and reasonable accommodation for individuals with disabilities in employment. To request a reasonable accommodation, contact Rachel Schmahl at 610.798.6111 or [email protected].