BSA Manager

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Manages the Credit Union's BSA/AML, OFAC, and CIP programs and serves as the Assistant BSA Officer.

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Performs quality control reviews and monitoring in the area of BSA/AML, USA PATRIOT Act, OFAC, and CIP compliance with established policies and procedures.

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Monitors changes in BSA, OFAC, and CIP laws, regulations, and trends. Advises the Chief Strategy Officer (CSO) and Senior Management of emerging compliance issues and makes recommendations for changes to policies and procedures.

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Reviews SAR reports prepared by BSA Analyst(s) for accuracy and submits finalized report to FinCEN through the BSA/AML monitoring system; Prepares monthly reports on SAR activity for CSO and the BOD. Responsible for ensuring that all required regulatory reporting as it relates to CTRs, SARs, OFAC, and FinCEN 314(a) are conducted in a timely, accurate, and compliant manner.

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Maintains and regularly reviews processes that promote consistent detailed documentation of SAR case investigations, reviews, and decisions. Develops and maintains BSA Department procedures that promote proactive suspicious activity monitoring, and that ensure compliance with BSA, OFAC, and CIP regulations.

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Maintains an effective CDD/EDD risk rating and monitoring program to include initial and ongoing assessments, and reviews, and analyzes unusual account activity.

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Acts as Business Owner in the Vendor Management program for BSA/OFAC/CIP vendors. Monitors, configures, and troubleshoots BSA/OFAC/CIP monitoring systems to ensure that appropriate parameters are in place to identify suspicious and/or fraudulent activity.

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Reviews and makes recommended updates to training materials utilized for required annual and ongoing training for all employees. Ensures training is recorded and monitored. Conducts additional training for employees to ensure understanding and compliance with BSA, OFAC, and CIP.

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Updates the BSA and OFAC risk assessments at least annually with consideration to products, services, members, and geographies that may present BSA/OFAC related risks.

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Acts as a point of contact for examinations, internal and external audits of the BSA, OFAC, and CIP compliance programs, and law enforcement requests for supporting documentation in a timely manner. Responds to exam and audit concerns and takes corrective action of all related compliance deficiencies at the direction of the CSO.

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Performs duties outlined in the BSA Supervisor or BSA Analyst position(s) as needed. Provides business continuity support for BSA/OFAC operations during Disaster Recovery. Performs other job-related duties as assigned.

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Conducts research on potential OFAC matches to determine if a true match, which may include acting as a liaison with OFAC as needed for guidance. Reports true matches to the CSO. Assists with completing required OFAC reports for blocked or rejected transactions.

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Must have knowledge of and stay updated on federal regulations and regulatory processes as they pertain to BSA, OFAC, and CIP.

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Must possess excellent analytical, detail-oriented, organizational, and sound decision-making skills.

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Must be able to demonstrate initiative, meet deadlines, and proactively identify and assess risks.

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Must demonstrate excellent communication and interpersonal skills, both oral and written.

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Must have the ability to collaborate with all levels of management and staff to achieve compliance objectives.

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Must be able to work independently and in a group setting, while demonstrating the highest level of confidentiality and discretion.

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Must be able to supervise, train, and develop staff.

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Must maintain a dependable record of attendance and timeliness.