PRIMARY OBJECTIVE OF POSITION:

• Assist the BSA Officer (AVP of Risk Management) with managing and executing key functions of the Bank Secrecy Act (BSA)/Office of Foreign Assets Control (OFAC) and FinCEN 314 programs.
• Assist in maintaining the various software programs, policies and procedures administered for the BSA program.
• Address any new or changing regulations and communicate their impacts to the affected business units.
• Ensures credit union compliance with applicable laws, regulations, and policies.

ESSENTIAL JOB FUNCTIONS:

BSA and Anti-Money Laundering Program Management

• Ensure that all BSA/OFAC/FinCEN 314 compliance monitoring, investigation, data validation, reporting and recordkeeping functions are performed according to procedure.
• Acts as an administrator and problem resolution point of contact of the BSA monitoring software.
• Assist Investigators with investigations and reporting.
• Acts as an escalation point for the department to resolve BSA/OFAC/FinCEN 314 issues. Review and provide response on complex issues where analysis of situations or data requires an in-depth evaluation of compliance requirements or other variables.
• Facilitates the maintenance of accurate and complete records for the credit unions high risk customers including documentation of enhanced monitoring.
• Provide secondary review of SAR reports to be filed, Enhanced Due Diligence reviews or cases to be closed.
• Provide in-house training and mentoring for new team members, including training in the BSA/OFAC monitoring system, the CUs BSA and OFAC Policies and the Risk departments investigation procedures.
• Researches and recommends BSA/OFAC training tools to the AVP of Risk Management.
• Provides loss reports, BSA/OFAC report filing data and research to BSA Officer for use in Board and interdepartmental reporting.
• Ensures the training of affected management and staff within the company regarding their roles in BSA/OFAC/FinCEN 314 compliance. Evaluate the adequacy and effectiveness of procedures and internal controls within the Risk department and business lines. Propose enhancements as needed and ensure department procedures are updated in a timely manner.
• Validate the timely screening of the CUs customer base in response to OFAC watch list updates and FinCENs bi-weekly 314(a) requests, and the maintenance of records supporting results in compliance with regulatory requirements.
• Acts as a Point of Contact for the FinCEN 314(b) program.
• Ensures the timely performance and documentation of the annual review of the Credit Unions CTR exempt customer list and individual variations in compliance with FinCEN regulations.
• Perform periodic quality assurance testing of the CUs AML software and rules to ensure accurate and effective monitoring. Prepare reports of testing results for management.
• Be knowledgeable on all aspects of BSA/OFAC and FinCEN 314 Programs and be prepared to act as a resource for other departments and CU staff regarding these requirements.
• Responsible for staying current on industry topics, new money laundering trends and identify new products and technology.
• Ensure that primary backups are assigned and trained for all duties under supervision.
• All other duties as assigned.

BSA Leadership

• Takes an active role in department meetings, providing updates on BSA/OFAC topics.
• Acts as a law enforcement liaison and escalation point for BSA-related law enforcement contact to the Risk Department.
• Works as liaison for the BSA program with internal and external auditors and examiners.
• Acts as an advisor to other departments as BSA/OFAC situations arise.
• Participates in technology conversion and integration projects as it relates to BSA/OFAC.
• Acts as a resource and advocate for the Credit Union market communities as a member of civic and credit union industry organizations.

Staff Supe vision

• Supervise BSA Investigators and BSA Assistant Manager.
• Act as a facility's manager for the physical spaces, if necessary.
• Hold monthly staff meetings identifying areas for improvement, changes in procedures, new developments, or changes in services.
• Ensure Credit Union and department personnel policies and procedures are followed.
• Develop career plans for direct reports and implement actions needed to ensure adequate successor(s) are developed.
• Ensure competent, motivated staff through training opportunities, counseling, supervision and review of department activities and results.
• Provide contact for employee issues including, but not limited to approving all absence leave, annual leave, and over-time, counseling, and training.
• Monitor the work performance of staff, recommending salary changes based on performance or disciplinary actions as the situation warrants. Ensure that evaluations are complete and administered in a timely manner.

RELATIONSHIPS AND CONTACTS:

• Reports to: AVP of Risk Management
• Supervise Approximately - 5 to 10 Employees
• Contacts: Staff and (very occasionally) Credit Union Members; outside law enforcement agencies; auditors and examiners.
• Position may also require routine visits to branch locations or other departments for assessment of policy/procedure compliance.
• Position may also require the incumbent to act as a witness in a court case.

Qualifications

EDUCATION

• Bachelors degree in related field, experience maybe considered in lieu of degree.
• Certified Anti-Money Laundering Specialist (CAMS) certification or equivalent strongly preferred.

EXPERIENCE

• Seven (7) years recent experience supporting the various aspects of managing a BSA/AML and OFAC compliance program (implementing effective monitoring tools, determining program effectiveness, ensuring overall compliance, etc.) and
• Two years (2) years of managerial experience
• Very strong analytical, business communication, and organizational skills
• Proficient in Microsoft Office products, particularly Excel, Word, and Outlook
• Database management experience preferred.

PHYSICAL REQUIREMENTS

• Position requires knowledge of computer usage, which would involve substantial wrist/hand movement.
• Vision abilities required by this job include close vision for frequent viewing of computer monitor and review of documents or spreadsheets.
• Must be able to drive a vehicle and have a valid Drivers license and adequate auto insurance.
• Position may involve high mobility and travel.
• Must be able to lift to 50 lbs.

MENTAL REQUIREMENTS

Must be able to perform job functions independently or with limited supervision and work effectively either on own or as part of a team.

Must have a strong ability to read and carry out various written instructions and follow oral instructions.

Must have a strong ability to speak clearly and deliver information in a logical and understandable sequence.

Must be capable of dealing calmly and professionally with numerous different personalities from diverse cultures at various levels within and outside the organization and demonstrate the highest levels of customer service and discretion when dealing with the public.

Must be able to perform responsibilities with composure under the stress of deadlines/requirement