Deputy BSA Officer

SUMMARY

The Deputy BSA Officer assists the BSA officer with the management and administration of the BSA Program. The Deputy BSA Officer is responsible for developing, enhancing, and optimizing processes and procedures pertaining to the Bank Secrecy Act, USA Patriot Act, anti-money laundering, OFAC, and the credit union's Member Identification Program using industry standard and regulatory guidance to ensure compliance. This position is responsible for compiling various reports and performs various quality control reviews pertaining to the BSA Program and department work products and assists in the development and delivery of related trainings to both BSA and general credit union staff. The Deputy BSA Officer assists in the supervision, guidance, and performance management of BSA staff, participates in cross-functional relationships within the Credit Union to provide optimum internal support, and is a key participant in achievement of the Credit Union’s goals and objectives.

ESSENTIAL FUNCTIONS  

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.  The following statements are intended to describe the general nature and level of work being performed by this position.  It is not intended to be an exhaustive list of all duties, responsibilities, and skills required of this position.  Other duties may be assigned to meet business needs.

Assist the BSA Officer in:

Development, implementation, and updating of the credit unions BSA Program including compliance, operational logistics, procedures, training, internal controls, risk assessments, and administrative oversite.

Preparing for and participating in regulatory BSA examinations independent audits, and various internal reporting requirements.

Researching and responding to regulatory and supervisory requested information from regulators, as well as FinCEN, OFAC, and other government agencies.

Directly Responsible for:

Daily supervision and review of various reports, logs, BSA investigations, alert responses, and other work generated by the BSA Analysts to ensure quality and accuracy. 

Developing, updating, and administering BSA/AM/OFAC related staff trainings.

Providing operational and strategic support and guidance to BSA and credit union staff.

Overseeing the timely filing of required reports like Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs).

Oversee customer due diligence and enhanced due diligence and determine proper risk ratings for consumer and business account members ensuring risk ratings are performed on all new members in a timely manner.

Analyzing monitoring system alert threshold and performance to maintain optimal efficacy.

Reviewing, approving, and submitting SAR reports delivered by the BSA and Fraud departments.

Administering and executing the credit unions 314(a) and 314(b) Information Sharing Program. 

Regularly attends and participates in in-house training.

Performs duties as assigned by management and may be assigned to work at any location

SUPERVISORY FUNCTIONS

Supervise and mentor junior BSA/AML staff, providing guidance on investigations, compliance processes, and regulatory issues.

Supervise and review the daily work of the BSA/AML team, including transaction monitoring, investigation of suspicious activity, and the preparation of reports.

Assist in managing the department’s workflow and performance goals, and the development and oversite of departmental KPIs.

Collaborate with the BSA Officer and other compliance team members to review and update BSA/AML policies and procedures in response to regulatory changes, emerging risks, or operational needs.

Analyze and recommend monitoring model changes, including updates to scenarios, thresholds, segmentation, or logic to maintain optimal efficacy. Own and update model documentation, including model development documentation, and model governance artifacts.

QUALIFICATIONS

The requirements listed below are representative of the knowledge. skill, and/or ability required.

Education and Experience

Minimum five years’ experience with BSA, including at least three years’ operating within a supervisory capacity.

Demonstrated management/administration of contracts to include complex, high value procurements.

Expertise in database utilization.

Certificates, Licenses and Registrations

Certified Anti-Money Laundering Specialist, CAMS designation preferred.

Certified Fraud Examiner (CFE) or other Financial Crimes / Risk Related Professional Certification.

Knowledge

Working knowledge of federal and state anti-money laundering compliance statutes and regulations.

Ability to read and interpret statutes and regulations.

Ability to define problems, collect data, establish facts, and draw valid conclusions.

Ability to communicate effectively verbally and in writing.

Supervisory Skills and Abilities

Develops and encourages cooperation and teamwork among employees.

Possesses skills in directing, coaching, motivating, delegating, evaluating, and counseling assigned employees.

Knowledge and experience in promoting teamwork and eliminating barriers to effectively working within the Department and across the Credit Union organizational structure.

Skills and Abilities

Strong analytical, problem solving and organizational skills.

Advanced proficiency with Microsoft Office applications.

Ability to identify gaps and risk exposure in control processes.

Ability to communicate effectively verbally and in writing.

Strong written and verbal communication skills.

Ability to travel, attend, and participate in meetings, seminars, and conferences held before and after normal business hours that may require unaccompanied long-distance travel and overnight lodging.

Physical Requirements

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.   Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.

Work Environment

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job.   Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.

AFFIRMATIVE ACTION/EEO STATEMENT:

CoastHills is an Equal Opportunity/Affirmative Action employer. We will consider all qualified applicants for employment without regard to race, color, religion, ancestry, gender, pregnancy, sex, sexual orientation, transitioning status, gender identity, gender expression, national origin, age, genetic information, military and veteran status, marital status, medical condition, mental disability, physical disability, or any other basis protected by local, state, or federal law. 

For our EEO Policy Statement, please click here.  If you’d like more information on your EEO rights under the law, please click here.