Job Information
Navy Federal Credit Union Manager, BSA AML Compliance in Vienna, Virginia
Overview
Manage Navy Federal's BSA/AML and OFAC programs and operations in support of the AVP, BSA/AML and OFAC Compliance. Guide the monitoring of Navy Federal's financial assets, protect the security of membership personal information/assets from risk/exposure, and ensure compliance with federal and industry regulations. Oversee the operations of a sustainable, effective, and efficient BSA/AML and OFAC Compliance Program. Provide tactical and strategic assistance to AVP, BSA/AML and OFAC Compliance to include system and project initiatives.
Responsibilities
Manage Navy Federal's BSA/AML and OFAC Compliance functions in accordance with the Federal Financial Institutions Examination Council (FFIEC), and state and federal regulations
Oversee BSA/AML and OFAC operations including Customer Identification Program (CIP), implementation of controls, suspicious activity reports (SAR) and related regulatory reports
Conduct analyses of AML and OFAC models and monitoring systems ensuring adherence to best practices, and timely, proactive, accurate identification/detection of risk activities
Drive and interpret BSA/AML and OFAC risk assessments, determine impact and/or changes on current business processes, and ensure timely resolution of identified issues/concerns
Oversee interpretation and implementation of regulatory changes and change management impact on enterprise-wide operations, systems, processes and staff/management compliance training
Build collaborative relationships and liaise with external regulatory agencies regarding communication of alerts, issue resolution and response, and best practices
Serve as point of contact on internal and external regulatory examinations
Manage vendor relationships to ensure product service and quality
Contribute significantly to development of Objectives and Key Results (OKR), monitor performance and achievement regarding OKRs, determine gaps in performance metrics, and recommend/execute change management techniques for efficiency/quality improvements
Monitor, identify, and respond to high risk customer/activities impacting Navy Federal members, services, and financial assets
Collaborate with ISD to integrate, develop, and maintain key department automated systems, notably the BSA/AML monitoring tool
Define specifications for automated systems enhancements
Provide counsel and advice to business unit managers and project leaders on BSA/AML compliance matters and processes
Manage an enterprise wide BSA/AML and OFAC education and training strategy through collaboration with Navy Federal e-Learning, and other business unit training areas for enterprise or targeted business groups
Manage business recovery plans by developing effective processes and procedures, and maximizing the detection of risk/potential exposures of transactional activities impacting Navy Federal business
Develop and manage a communications strategy to champion new regulations and strategies to include change management impact, response plans, education requirements to ensure maximum regulatory compliance and minimize risk exposure
Assess cross functional impact of business process changes on BSA/AML and OFAC processes and rules
Perform other related duties as assigned or appropriate
Qualifications
Advanced knowledge of Bank Secrecy Act, USA Patriot Act, OFAC regulations and associated requirements
Significant experience in compliance roles having broad exposure to regulations interpretation, compliance implementation, risk assessment analysis, regulatory audits, administration, and communications
Experience in leading large projects/initiatives which have business risk and impact
Significant experience in working with all levels of staff, management, stakeholders, vendors
Experience in change management processes including strategies, business processes, education and communication
Effective skill managing multiple priorities independently and/or in a team environment to achieve goals
Advanced research, analytical, and problem solving skills
Advanced skill in presenting findings, conclusions, alternatives and information clearly and concisely
Advanced skill exercising initiative and using good judgment to make sound decisions
Significant skill in results-oriented leadership in a challenging environment
Effective word processing and spreadsheet software skills
Effective database and presentation software skills
Desired Qualifications
Minimum 7 years of experience in Compliance
Working knowledge of NFCU products, services, programs, policies and procedures
Working Knowledge of banking/financial industry trends, products and services
ACAMS Certified
Hours: Monday - Friday, 8:00AM - 4:30PM
Locations: 820 Follin Lane Vienna, Virginia 22180 | 5550 Heritage Oaks Dr. Pensacola, FL 32526 | 141 Security Drive Winchester, VA 22602
About Us
Navy 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.
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From 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 position
Bank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.
REQNUMBER: 23224