Supervisor, BSA/AML Quality Control

To supervise the day-to-day BSA/AML quality control operations team, compliance analyses, reviews, and projects across the division in compliance with Navy Federal's BSA/AML Compliance Program. To assist the Assistant Manager, BSA/AML Compliance and the Manager, Financial Crimes Strategy, with the continued development, implementation, and enhancement of quality control reviews, policies, and procedures to ensure timely adherence to regulatory changes and industry best practices.

• Supervises a team and processes in BSA/AML Shared Services Team performing quality control functions 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, individual assignments, and required internal/external reports and filings
  • Reviews analyses and reports from staff analysts and audits to determine if additional measurements, programs, and modifications are required to reduce Navy Federal’s financial risk
  • Oversees the quality control processes related to member transactional and behavioral data to ensure adherence with regulations including the Bank Secrecy Act (BSA)involving the filing of currency transaction reports (CTRs) and suspicious activity reports (SARs)
  • Responds to requests from internal auditors and provides routine reporting data and metrics to senior leaders routinely and upon request
  • Monitors system performance and recommends enhancements to new and current automated processes to support, streamline and improve Section responsibilities, accuracy, and responsiveness
  • Oversees record retention and maintenance of documents according to statutory requirements
  • Participates in developing section budget, systems, and training requirements
• Directly supports the development and analysis of BSA/AML Compliance and Programs.
  • Provides primary staff support to the VP, BSA/AML and OFAC Compliance for projects, studies, reports, and analyses
  • Supervises 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) regulations
  • Provides direction and leadership on projects relating to BSA/AML and OFAC compliance enterprise-wide and leads teams to implement new or changed compliance requirements
  • Support board-approved periodic BSA/AML and OFAC risk assessments and ongoing internal compliance reviews
  • Analyzes 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 requirements for team
  • Participates in 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 compromised
• Assists the Assistant Manager, BSA/AML Compliance and the Manager, Financial Crimes Strategy, with overseeing an effective and efficient quality control program that provides a rigorous challenge to BSA/AML and OFAC operations to help ensure compliance with federal regulations and minimize risk.
  • 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 changes
  • Reviews current processes and procedures to ensure timely, auditable, accurate and proactive compliant responses from Navy Federal and appropriate personnel
  • Identifies and evaluates compliance weaknesses that require additional targeted training and communications
  • Consults with internal customers to conduct training needs analyses; recommends, designs, and implements appropriate training solutions
  • Oversees the development, evaluation, dissemination, and documentation of the training program materials
  • Collaborates 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 training
  • Serves as point-of-contact for regulatory examinations and internal policy clarificati