Supervisor BSA/AML Analysis & Risk - CTR Experience Preferred

To 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.

• Supervises 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 filings
  • Reviews analyses and reports from staff analysts and audits to determine if additional measurements, programs, and modifications are required to reduce Navy Federals' financial risk
  • Oversees 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 activity
  • Responds 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 agencies
  • 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
• Oversees 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 analyses
  • Supervises 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) 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
  • Conducts 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
  • Conducts 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
  • Acts 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 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 clarification.
• Performs supervisory duties:
  • Selects employees, prepares, and conducts performance appraisals, ensuring adequate staffing, oversees employee training and development to