Supervisor BSA/AML Analysis & Risk - CTR Experience ...

OverviewTo supervise the day to day BSA/AML risk assessment operations, compliance analyses and projects across the enterprise in compliance with Navy Federal's BSA/AML Compliance Program. To assist the Manager, BSA/AML Compliance with the development of an enterprise wide education, communications strategy to ensure timely adherence and updates/revisions to business unit operating processes to comply with the latest regulatory changes.ResponsibilitiesSupervises the operations of the BSA/AML Analysis and Risk Section to ensure efficiencies/effectiveness.Supervises the daily workload and schedule of staff by reviewing project priorities, work in progress, compliance to statutory and internal/external audit deadlines, and required internal/external reports and filingsReviews analyses and reports from staff analysts and audits to determine if additional measurements, programs, and modifications are required to reduce Navy Federals' financial riskOversees the risk analysis processes of member transactional and behavioral data to identify trends related to the movement of funds, unusual and/or changes in transactional activityResponds to requests from Financial Crimes Enforcement Network (FinCEN) and law enforcement for information related to statutory filings and prepares responses to federal and state regulatory agenciesMonitors system performance and recommends enhancements to new and current automated processes to support, streamline and improve Section responsibilities, accuracy, and responsivenessOversees record retention and maintenance of documents according to statutory requirementsParticipates in developing section budget, systems, and training requirementsOversees the development and analysis of BSA/AML Compliance and Programs.Provides primary staff support to the SVP, Security and Manager, BSA/AML Compliance for projects, studies, reports, and analysesSupervises the planning, schedules, timelines, metrics, and reporting process and procedures to comply with BSA, USA PATRIOT Act, Office of Foreign Asset Control (OFAC) and other anti-money laundering (AML) and counter-terrorist financing (CTF) regulationsProvides direction and leadership on projects relating to BSA/AML and OFAC compliance enterprise-wide and leads teams to implement new or changed compliance requirementsConducts board-approved periodic BSA/AML and OFAC risk assessments and ongoing internal compliance reviewsAnalyzes operational activities and issues relating to interpretation and impact of the BSA, USA PATRIOT Act, and OFAC on Navy Federal processes and recommends necessary modifications to operations and processes.Supervises the analysis and development of automated systems and compliance program requirements.Defines specifications for automated systems enhancements and business recovery, assesses the accuracy of deliverables, determines training and communications requirementsConducts BSA/AML risk assessments, and develops, tests, and implements suspicious activity and risk rule scenarios for detection of possible money-laundering and terrorist financing activities; ensures these scenarios are in keeping within regulatory requirements, appropriate operational controls are established and Navy Federal's BSA/AML risk profile is not compromisedActs as liaison with external vendors and ISD to research and resolve BSA application issues.Assists the Manager, BSA/AML Compliance with the development of an enterprise wide BSA/AML and OFAC educational and communication strategy.Provides insight and recommendations in the development of a BSA/AML and OFAC training and communication strategy to address current and future industry and regulatory compliance changesReviews current processes and procedures to ensure timely, auditable, accurate and proactive compliant responses from Navy Federal and appropriate personnelIdentifies and evaluates compliance weaknesses that require additional targeted training and communicationsConsults with internal customers to conduct training needs analyses; recommends, designs, and implements appropriate training solutionsOversees the development, evaluation, dissemination, and documentation of the training program materialsCollaborates with Manager, e-Learning, and other business unit training areas to develop new training programs, identify and coordinate training needs or modifications for specific functional areas and/or enterprise-wide BSA trainingServes as point-of-contact for regulatory examinations and internal policy clarification.Performs supervisory duties:Selects employees, prepares, and conducts performance appraisals, ensuring adequate staffing, oversees employee training and development to include coaching and mentoringEstablishes staff objectives, standards, strategies, and priorities; ensures operations, records and documentation are current with industry regulations and aligned with best practicesAssists management team on NCUA regulatory examinations and independent audits conducted by Internal AuditRepresents BSA/AML Compliance Branch on cross-department/division projects and task groups.Performs other related duties as required or appropriateQualificationsStrong knowledge of the BSA, USA PATRIOT Act, and OFAC, and their associated requirementsExtensive experience in compliance and project management positions with broad exposure to regulations interpretation, compliance implementation, risk assessment analysis, administration, and communicationsSupervisory and/or leadership experience that demonstrated the ability to make well thought-out/prompt decisions, prioritize projects, articulate logical and effective solutions and procedures, integrity, and initiativeDemonstrated ability to assimilate, interpret, communicate clearly and effectively technical and complex laws, policies and procedures and data using verbal, written and presentation methodologiesAbility to interact effectively with vendors, regulatory agencies and all levels of managementProficiency with operating systems and PC applications, specifically project management tools, word processing software, spreadsheet and database applicationsExperience designing, developing and managing instructional and informational trainingExperience with web-based learning environments and web course management systemsStrong organizational, research, analytical and problem solving skillsBachelor's Degree in a related field or the equivalent combination of training, education, and experienceDesired QualificationsKnowledge of Navy Federal business operations, policies, and proceduresExperience with reporting and metrics.Certified Anti-Money Laundering Specialist (CAMS) certificationCollege degree in Business Administration or related fieldHours: Monday - Friday, 8:00AM - 4:30PM (some flexibility)Locations: 820 Follin Lane, Vienna, VA 22180 | 5550 Heritage Oaks Drive Pensacola, FL 32526 | 141 Security Drive Winchester, VA 22602 | 9999 Willow Creek Road San Diego, CA 92131About UsNavy Federal provides much more than a job. We provide a meaningful career experience, including a culture that is energized, engaged and committed; and fierce appreciation for our teams, who are rewarded with highly competitive pay and generous benefits and perks.Our approach to careers is simple yet powerful: Make our mission your passion.• Best Companies for Latinos to Work for 2024• Computerworld® Best Places to Work in IT• Forbes® 2024 America's Best Large Employers• Forbes® 2024 America's Best Employers for New Grads• Forbes® 2024 America's Best Employers for Tech Workers• Fortune Best Workplaces for Millennialsâ„¢ 2024• Fortune Best Workplaces for Women â„¢ 2024• Fortune 100 Best Companies to Work For® 2024• Military Times 2024 Best for Vets Employers• Newsweek Most Loved Workplaces• 2024 PEOPLE® Companies That Care• Ripplematch Recruiting Choice Award• Yello and WayUp Top 100 Internship ProgramsFrom Fortune. ©2024 Fortune Media IP Limited. All rights reserved. Used under license. Fortune and Fortune Media IP Limited are not affiliated with, and do not endorse products or services of, Navy Federal Credit Union.Equal Employment Opportunity: Navy Federal values, celebrates, and enacts diversity in the workplace. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected Veteran.Hybrid Workplace: Navy Federal Credit Union is a hybrid workplace, and details will be discussed during your interview process.Disclaimers: Navy Federal reserves the right to fill this role at a higher/lower grade level based on business need. An assessment may be required to compete for this position. Job postings are subject to close early or extend out longer than the anticipated closing date at the hiring team's discretion based on qualified applicant volume. Navy Federal Credit Union assesses market data to establish salary ranges that enable us to remain competitive. You are paid within the salary range, based on your experience, location and market positionBank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.

Created: 2025-01-25