Company Overview:
Old Glory Bank is an FDIC-insured, nationwide digital bank serving consumers and businesses from sea to shining sea (in all 50 states). Old Glory Bank is committed to serving those who feel marginalized for believing in America's greatness.
Old Glory Bank was co-founded by prominent American leaders, entrepreneurs, and some of the leading voices supporting freedom and love of country, including former Secretary of Housing and Urban Development Dr. Ben Carson; radio and television host Larry Elder; country music superstar, TV host, entrepreneur, and songwriter, John Rich; and former two-term Governor of Oklahoma Mary Fallin-Christensen. Old Glory Bank was established with a mission to provide banking services grounded in the principles of freedom, opportunity, and customer choice.
We put our customers, community, family, and faith ahead of ourselves. While our home base remains our 120-year-old community bank in Elmore City, Oklahoma, our team members serve our customers remotely from across the country. At Old Glory Bank, there is no DEI or ESG, just PSL – Privacy, Security, Liberty. Through a technology-driven approach and an unwavering commitment to our customers, we have grown from approximately $10 million in deposits to more than $250 million in less than three years.
As we continue our growth journey, we have announced plans to become a publicly traded company through a NASDAQ listing via a de-SPAC transaction. We are also pursuing innovative banking initiatives, including the integration of digital assets and cryptocurrency capabilities into everyday banking services.
When you join Old Glory Bank, you are joining a team of people who have poured blood, sweat, and tears into this mission. Don't apply here if you are looking for any ordinary job. We need individuals with exceptional passion for the foundational freedoms of America.
JOB SUMMARY:
The BSA/AML Compliance Analyst is responsible for supporting the Bank’s Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT), Office of Foreign Assets Control (OFAC), and related financial crimes compliance programs. This role assists in ensuring the Bank’s compliance with established policies and procedures, applicable federal and state regulations, including FinCEN requirements.
The BSA/AML Compliance Analyst conducts transaction monitoring, customer due diligence reviews, suspicious activity investigations, sanctions screening, regulatory reporting, and compliance monitoring activities. This position helps maintain the effectiveness of the Bank's BSA/AML compliance framework while promoting a strong culture of regulatory compliance and risk management throughout the organization.
ESSENTIAL JOB FUNCTIONS:
- Assists in the development, implementation, and ongoing maintenance of the Bank’s compliance policies, procedures, and internal controls related to Bank Secrecy Act (BSA), Anti-Money Laundering (AML), and Office of Foreign Assets Control (OFAC) requirements, including compliance with the Anti-Money Laundering Act (AMLA) and Corporate Transparency Act (CTA).
- Leads and conducts comprehensive Enhanced Due Diligence (EDD) reviews and investigations involving suspected money laundering, fraud, sanctions violations, and other potentially suspicious activities.
- Utilizes the Bank’s transaction monitoring and fraud detection systems to analyze customer activity, identify unusual patterns, investigate alerts, and escalate potential suspicious activity as appropriate
- Assists in the development and delivery of compliance training programs to educate employees on BSA, AML, OFAC, and related regulatory requirements and procedures.
- Reviews procedures submitted by the line-of-business managers to ensure products, services, and processes comply with applicable consumer protection, safety, soundness, and regulatory requirements.
- Serves as a resource to employees by providing guidance on the interpretation and application of BSA, AML, OFAC, and related compliance requirements.
- Communicates new, revised, or emerging BSA/AML/OFAC regulatory requirements and compliance expectations throughout the organization.
- Supports the development, implementation, and enhancement of processes, controls, and monitoring programs designed to detect and prevent money laundering, terrorist financing, fraud, and other financial crimes.
- Assists in coordinating management responses to BSA, lending, and operations compliance audits and examinations, and follows up to ensure timely remediation and resolutions of identified findings.
- Serves as a compliance resource to Bank personnel by providing guidance, interpretation, and research related to BSA, AML, OFAC, lending, operations, and other regulatory matters.
- Facilitate compliance training program and ensure attendance by all Bank employees.
- Maintains current knowledge of banking laws, regulations, and industry best practices and communicates relevant changes and potential impacts to Bank management.
- Assists in preparing documentation, reports, and supporting materials for examinations conducted by state and federal regulatory agencies.
- Demonstrates a strong understanding of banking regulations, compliance principles, and financial crime prevention practices while supporting the Bank’s mission, values, policies, procedures, and confidentiality guidelines.
- Maintains professional, collaborative, and courteous relationships with customers, employees, officers, directors, regulators, auditors, and other stakeholders.
ADDITIONAL RESPONSIBILITIES:
- Performs other duties and special projects as required by management.
- Assist with enterprise-wide compliance initiatives and regulatory change management efforts.
SUPERVISORY RESPONSIBILITIES:
This position has no supervisory responsibility.
MINIMUM QUALIFICATIONS:
- Bachelor’s degree in Business, Finance, Criminal Justice, or a related field, or an equivalent combination of education, training, or experience.
- Minimum of five years of experience in BSA/AML compliance, financial crimes investigations, fraud investigations, compliance, operations, or related banking functions.
- Experience preparing and investigating SARs preferred.
- Experience with digital banking, fintech, cryptocurrency, or emerging payment technologies is a plus. CAMS, CFCS, or relevant compliance certification preferred. Candidates without certification may be required to obtain one within twelve months of hire.
KNOWLEDGE, SKILLS, AND ABILITIES:
- Strong knowledge of BSA, AML, OFAC, FinCEN regulations, the USA PATRIOT Act, Customer Identification Program (CIP), Customer Due Diligence (CDD), and Enhanced Due Diligence (EDD) requirements.
- Understanding of suspicious activity monitoring, sanctions compliance, and financial crime typologies.
- Strong investigative, analytical, and critical-thinking skills.
- Excellent verbal and written communication abilities.
- Good presentation skills; able to clearly prepare and present complex regulatory issues.
- Good interpersonal skills, able to work well with a wide range of people.
- Strong attention to detail and good time management skills.
- Good follow-through on projects and deliverables.
- Strong sense of customer service.
- Strong understanding of banking guidelines; thorough knowledge of internal structure and function of all areas in the bank.
- Able to manage increased pressure situations on occasion.
- Able to make appropriate judgments based on Bank policy and procedures.
- Demonstrates commitment to Bank values and high ethical standards through leadership and behavior.
- Able to remain unbiased and objective despite outside influences.
- Proficiency in Microsoft Office Suite, including Excel, Word, and PowerPoint.
- Able and willing to continue business skill development.
- Experience with BSA/AML monitoring software, case management systems, and sanctions-screening platforms preferred.
- Ability to work independently while contributing to a team-oriented environment.
Working Conditions:
- Remote-friendly position with occasional travel to company offices, training events, conferences, examinations, or regulatory meetings, as required.
- The candidate must have experience in self-managing and utilizing technology effectively and efficiently.
- Extended hours may be required during regulatory examinations, audits, system implementations, significant investigations, or security incidents.
Employee Benefits:
- Medical
- Dental
- Vision
- Health Savings Account
- Flexible Spending Account
- Dependent Care Assistance Program (DCAP)
- Employer Paid Short-Term Disability
- Supplemental Health Plans for Long-Term Disability, Life, Accident & Cancer
- Employer Paid Life Insurance
- Stock Options
- 401(k) Plan
- Paid Time Off
This revision focuses the role on a true BSA Compliance Analyst function rather than a broader Compliance Officer role, while incorporating modern expectations for digital banking, financial crime compliance, and cryptocurrency initiatives aligned with Old Glory Bank's business model. These statements are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of employees in this position.
Nothing in this job posting restricts management’s right to assign or reassign job duties as required. This job description is not to be construed as a guaranteed contract of employment for a definite period.
Old Glory Bank provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.
Job Type: Full-time
Pay: $70,000.00 - $80,000.00 per year
Benefits:
- 401(k)
- Dental insurance
- Flexible spending account
- Health insurance
- Health savings account
- Life insurance
- Paid time off
- Vision insurance
Application Question(s):
- How many years of _____ experience do you have?
Work Location: Remote
