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#2268360 - 03/29/22 07:21 PM BSA Department Size
Anonymous
Unregistered

A thread elsewhere about a tiny BSA department in a $2bn+ institution got me wondering. What is your asset size and how many dedicated BSA professionals do you have? Not compliance generalists, I mean staff that do nothing but BSA full-time.

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#2268363 - 03/29/22 07:51 PM Re: BSA Department Size Anonymous
Anonymous
Unregistered

$1.5 billion assets / 3 full time staff, including BSA Officer

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#2268369 - 03/29/22 08:51 PM Re: BSA Department Size Anonymous
SmallBankBSA Offline
100 Club
Joined: May 2018
Posts: 148
about $250 Million in assets....1 BSA Officer 1 part timer

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#2268371 - 03/29/22 08:58 PM Re: BSA Department Size Anonymous
DBouton Offline
New Poster
Joined: Jun 2010
Posts: 9
almost $600 million 1 BSA Officer

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#2268379 - 03/29/22 10:41 PM Re: BSA Department Size Anonymous
RockChucker, CAMS Offline
Diamond Poster
Joined: Jul 2013
Posts: 1,639
The Country
1.2 Billion with one part time BSA Officer
_________________________
A successful man is one who can lay a firm foundation with the bricks others have thrown at him.
-David Brinkley

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#2268388 - 03/30/22 12:39 PM Re: BSA Department Size Anonymous
osucpa Offline
Diamond Poster
Joined: May 2011
Posts: 1,400
2.7 with 7 plus officer.

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#2268406 - 03/30/22 01:57 PM Re: BSA Department Size Anonymous
SteveDave Offline
Member
Joined: Aug 2021
Posts: 62
4.5B with 3 full time staff and a manager/BSA Officer.

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#2268414 - 03/30/22 02:56 PM Re: BSA Department Size SteveDave
praBSA Offline
Gold Star
Joined: Aug 2018
Posts: 330
7.5B with 9 full time staff (which includes me). I still think we are understaffed.

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#2268421 - 03/30/22 03:19 PM Re: BSA Department Size Anonymous
BrianC Offline
Power Poster
BrianC
Joined: Nov 2004
Posts: 6,243
Illinois
Asset size is not the sole driving factor to the number of FTEs a department may need. You must also consider the volume of higher-risk customers and the types of higher-risk products and services you offer.

I had a client that was a small bank that decided to specialize in non-bank financial institutions because of the opportunity for non-interest income. Since they were only $150 million in assets, they felt that they were good with a single BSA Officer to handle everything. As a result, examiners found that that one person was way behind on EDD which resulted in a consent order. Even at $150 in assets, they now have a department of four to manage the workload of EDD, CTRs, monitoring alerts, etc. for all their high-risk customers.
_________________________
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www.tcaregs.com

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