Job Description
This position is responsible for administering compliance with all aspects of the Bank Secrecy Act (BSA), Anti-Money Laundering /Countering the Financing of Terrorism Program (AML/CFT), Office of Foreign Asset Control (OFAC) and USA Patriot Act. Responsibilities will include oversight of the board-approved BSA/AML/CFT policies and creating, revising, and monitoring ongoing internal controls to identify, mitigate, and report suspicious activity. Oversee the preparation and submission of all Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs) submitted to the Financial Crimes Enforcement Network (FinCEN), working as or in conjunction with the BSA Compliance Officer, as required by Bank Secrecy Act (BSA) / Anti-Money Laundering (AML) regulations. This position provides key information for use by senior management that is used for a consultation with directors, vice presidents, Senior Management, the BSA Officer, and the Board of Directors. This position must also interact actively and effectively with local and Federal law enforcement agencies and personnel.
Essential Functions
- Organizational Consultation: Provides needed training and insight on BSA regulatory requirements to credit union senior management, compliance/legal, and audit, participates in strategic planning for all critical changes to Ent's production environment, advances best-in-practice BSA Regulatory concepts within the credit union industry through collaboration with other credit unions, law enforcement, and subject matter experts, documents and analyzes instances of suspicious activity and reports finding to BSA Compliance Officer and senior management, achieves set risk-management objectives through interdepartmental cooperation, support, and activity, assess current practices in light of emerging technology and trends ensuring all available and appropriate analytical tools and software are utilized. This position would also be responsible for developing and enforcing appropriate policies and procedures to help lead the effort to prevent fraud and unlawful activity within the organization.
- Regulatory Compliance: Ensures appropriate awareness of, training on, and compliance with applicable laws including, but not limited to, The Bank Secrecy Act/AML/CFT, OFAC, and US Patriot Act.
- Departmental Management & Leadership: Directs acquisition of staff. Determines appropriate training. Establishes work priorities and standards. Provide clarification/direction on work assignments. Provide direct reports coaching/mentoring/leadership development opportunities towards achieving development goals. Support BSA staff in their daily duties as needed. Building the team by sourcing, selecting, and retaining the correct resources. Lead and develop employees in an effort to meet their career aspirations contributing to the achievement of department objectives.
- Monitoring and reporting: Monitors Changes in laws, regulations, and trends. Report changes that directly affect the credit union to the appropriate level of management.
- Analysis: Analyzes complex situations, provides guidance, and escalates issues to appropriate levels as management as needed.
- Bank Secrecy Act: Remains cognizant of and adheres to Ent policies and procedures, and regulations pertaining to the Bank Secrecy Act.
Qualifications:
Qualifications
Minimum Formal Qualifications for this Position
- Bachelor's Degree Forensic Accounting, Economic Crime Investigation, Cybercrime, and/or related field of study.
- 7+ years' experience in the BSA Regulatory field or similar. Required.
- 1+ years' in a supervisory role. Required.
Each year of relevant work experience may be exchanged for a year in a relevant degree program or vice versa. For example, a requirement of a bachelor's degree in accounting and 2+ years of account experience could be substituted for a high school diploma and 6 years of relevant accounting work experience or a master's degree in accounting and 0 years of work experience.
Technical or Specialized Knowledge/Skills:
- Extensive knowledge of the mechanisms, means, practices, and technology by which fraud occurs, is recognized, and is prevented within the financial services industry.
- Possess strong investigative skills.
- Demonstrated problem-solving ability and consistent, logical, and effective decision-making.
- Excellent interpersonal, written, and verbal communication skills.
- Strong knowledge of collection and bankruptcy laws.
- Strong knowledge of depository processes and procedures.
- Strong knowledge of compliance for subpoenas and BSA.
- Product knowledge (ATM, Debit, Checking & Savings).
- Ability to develop and cultivate as a liaison with other financial institutions and law enforcement, vendors, etc.
- Proven time management and organizational skills with the ability to manage multiple and diverse ongoing projects.
- Demonstrated supervisory skills.
- Ability to work with all levels of the organization.
- Proficiency with personal computers and spreadsheets/word processing software to include Word, Excel, PowerPoint, Outlook as well as experience in computer-aided.
- Advanced knowledge of the Bank Secrecy Act/AML/CFT and FinCEN guidance.
- Ability to be approachable by the team and lead by example.
Certifications Required:
- Bank Secrecy Act Certification (BSAC) Certified Anti-Money Laundering Specialist (CAMS) within 1 Year required
- Certification is strongly preferred in one of the following areas: Certified Anti-Money Laundering Professional (AMLP) Certified Anti-Money Laundering Specialist (CAMS) preferred
Environmental, Physical and Psychological Requirements
- Standing - Occasionally
- Walking - Occasionally
- Sitting - Frequently
- Lifting - Rarely (40 Lbs)
- Carrying - Rarely
- Pushing - Rarely
- Pulling - Rarely
- Balancing - Rarely
- Stooping - Rarely
- Kneeling - Rarely
- Crouching - Rarely
- Crawling - Rarely
- Reaching - Occasionally
- Handling - Occasionally
- Grasping - Occasionally
- Feeling - Occasionally
- Talking - Frequently
- Hearing - Frequently
- Repetitive Motions - Frequently
- Eye/Hand/Foot Coordination - Occasionally
- Noises louder than normal speaking volume - Occasionally
- Temperature Changes - Rarely
- Atmospheric Conditions - Rarely
Additional Information
The pay range for this position is: $90,126.40 to $118,289.60 per Year (S17)
Final compensation for this position will be determined by various factors such as relevant work experience, specific skills and competencies, education, certifications, and internal pay equity.
This position is eligible for our corporate bonus program based on company performance.
We anticipate this position to close on 11/15/2024. Please submit your application at your earliest convenience to be considered.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities.
Benefits Summary Sheet - 2024
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)