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Chief BSA/AML Officer

Plano, Texas

 

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.

Position Overview

The Chief BSA/AML Officer serves as the Bank’s designated Bank Secrecy Act (BSA) Officer and is responsible for the overall leadership, strategy, and execution of the Bank’s enterprise-wide Anti-Money Laundering (AML), Counter-Terrorist Financing (CTF), and OFAC compliance programs. This executive role provides independent oversight of the Bank’s compliance with all applicable BSA/AML laws and regulations and serves as the primary liaison with regulators, law enforcement, senior management, and the Board of Directors.

The Chief BSA/AML Officer is accountable for the design, implementation, and continuous enhancement of a risk-based BSA/AML compliance framework, including new business initiatives involving international payments, foreign correspondent banking, nested financial institutions, fintech partnerships, and other high-risk or complex customer segments. The role ensures that the Bank maintains effective systems, controls, governance, and reporting mechanisms to identify, measure, monitor, and mitigate financial crime risk.

This position reports directly to executive leadership and provides regular reporting to the Board of Directors (or a designated Board Committee).

Key Responsibilities

Enterprise AML/BSA Leadership & Governance

  • Serve as the Bank’s designated BSA Officer under applicable regulations.
  • Develop and execute the strategic vision for the Bank’s AML/BSA/OFAC compliance program.
  • Provide independent oversight of the Bank’s compliance with BSA, USA PATRIOT Act, OFAC, and related regulatory requirements.
  • Deliver regular reports to Senior Management and the Board of Directors regarding AML risk exposure, program effectiveness, SAR trends, regulatory developments, and emerging threats.
  • Lead the annual BSA/AML/OFAC risk assessment and present results for Board approval.
  • Oversee annual policy reviews and ensure Board approval of all AML/BSA-related policies.

Program Development & Risk Management

  • Design, enhance, and maintain a comprehensive, risk-based AML/BSA compliance program, including:
    • Customer Identification Program (CIP)
    • Know Your Customer (KYC) and Know Your Business (KYB) standards
    • Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD)
    • Beneficial Ownership compliance
    • Transaction monitoring and fraud surveillance
    • Sanctions screening and OFAC compliance
  • Oversee AML controls related to high-volume foreign correspondent banking, international payments, nested relationships, and other complex, high-risk customer segments.
  • Identify potential areas of compliance vulnerability and financial crime risk and implement mitigation strategies and internal controls.
  • Ensure appropriate risk rating methodologies for new and existing customers, including periodic reviews of high-risk accounts.

Investigations, Monitoring & Regulatory Reporting

  • Oversee suspicious activity monitoring, investigation, and reporting processes.
  • Review and approve Suspicious Activity Reports (SARs) and maintain documentation of SAR determinations.
  • Oversee Currency Transaction Report (CTR) filings and annual reviews of CTR-exempt customers.
  • Supervise 314(a) list reviews and ensure timely and accurate responses.
  • Ensure appropriate tracking, documentation retention, and audit trails consistent with regulatory requirements.

Regulatory & Audit Management

  • Serve as primary point of contact for regulators and examiners on AML/BSA matters.
  • Lead preparation for regulatory examinations and independent audits.
  • Coordinate responses to findings and oversee timely remediation.
  • Respond to regulatory complaints, legislative inquiries, and law enforcement requests as appropriate.

Training & Culture of Compliance

  • Develop and implement enterprise-wide AML/BSA training programs for staff and new hires.
  • Promote a strong culture of compliance and financial crime awareness across all business units.
  • Advise Senior Management and business leaders regarding emerging AML/BSA trends, regulatory changes, and risk exposures.
  • Partner with Legal, Risk, Operations, and business units to ensure compliance is embedded in new product development and strategic initiatives.

Leadership & Team Management

  • Lead, mentor, and develop AML/BSA compliance staff.
  • Establish performance metrics and ensure adequate staffing and technological resources.
  • Make strategic recommendations to improve program efficiency, automation, and effectiveness.

 

Qualifications:

Education & Certifications

  • Bachelor’s degree required; Juris Doctor, Master’s degree, or other relevant graduate degree preferred.
  • Professional certifications strongly preferred (e.g., CAMS, CRCM, CAFP, or equivalent).

Experience

  • Minimum of 7–10+ years of progressive AML/BSA compliance experience within a financial institution.
  • Prior experience serving as a BSA Officer or senior AML leader strongly preferred.
  • Demonstrated experience with foreign correspondent banking, international payments, fintech partnerships, or high-volume transaction environments.
  • Experience interacting directly with regulators and presenting to Boards of Directors.

Skills & Competencies

  • Deep knowledge of BSA/AML, OFAC, USA PATRIOT Act, and related regulatory requirements.
  • Strong understanding of banking operations, payment systems, and financial crime typologies.
  • Executive presence with strong written and verbal communication skills.
  • Strategic thinker with strong analytical and risk assessment capabilities.
  • High degree of integrity, professionalism, and ability to maintain confidentiality.
  • Ability to lead cross-functional initiatives and influence senior stakeholders.

 

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 are Equal Opportunity Employers. 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 EPPA

 

Notice 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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