BSA/AML Compliance Officer, South Bend, IN
1st Source BankSouth Bend, Indiana, United States
Posted April 15, 2026
Full Time
About the Company
Founded in 1863, 1st Source Bank is the largest locally controlled financial institution serving northern Indiana and southwestern Michigan. The bank delivers a full spectrum of retail, private, and business banking services—including online banking, cash management, specialty finance, and agricultural solutions—while also offering trust, wealth management, and insurance products through dedicated advisory and specialty finance groups. Its hallmark is a personalized, client‑centric approach that blends deep regional expertise with a commitment to community stewardship, reflected in its long‑standing philanthropic initiatives. This blend of heritage, comprehensive service offerings, and community focus distinguishes 1st Source Bank as a trusted partner for individuals and businesses seeking security and growth.
Job Description
Responsible for developing, implementing, and administering all aspects of the bank’s BSA compliance program, ensuring compliance with the BSA, anti-money laundering (AML) regulations, and Office of Foreign Assets Control (OFAC) requirements.
Requirements
- Develops, implements, and maintains the bank’s BSA/AML/OFAC compliance program.
- Ensures the program is up-to-date with current regulations and industry best practices.
- Files SARs and CTRs with the Financial Crimes Enforcement Network (FinCEN) as required.
- Reports on BSA/AML/OFAC activities to senior management and the Board of Directors.
- Conducts and documents annual BSA/AML/OFAC risk assessments.
- Coordinates and prepares for BSA/AML/OFAC audits and regulatory examinations.
- Ensures proper record-keeping of all BSA/AML/OFAC activities, report, suspicious activity investigations and outcomes.
Benefits
- Health Insurance
- Dental Insurance
- Vision Insurance
- Life Insurance
- 401(k) or Retirement Plan
