Bank Secrecy Act Assistant Manager

Bank Secrecy Act Assistant Manager

Requirements

• Strong leadership, organization, and critical thinking skills.
• Ability to direct and supervise the work of others.
• Knowledge of BSA and a working understanding of CFPB rules and regulations.
• Specific knowledge of state and federal laws and regulations pertaining to financial institutions (i.e., BSA, AML, OFAC, USA Patriot Act).
• Knowledge of Verafin modules, filing of SARs, thresholds, risk perimeters, and maintenance.
• Ability to prioritize and successfully manage multiple tasks and deadlines.
• Ability to analyze situations and recommend workable solutions.
• Ability to effectively research and report data.
• Ability to act independently and confidentially with little or no supervision.
• Ability to distinguish and manage confidential information, materials, and conversations.
• Ability to effectively communicate verbally and in writing.
• Ability to establish and maintain effective working relationships in a diverse environment.
• Ability to operate a personal computer with word processing, spreadsheet, and presentation software, and email and intra/internet.
• Ability and desire to work in a team environment.

Responsibilities

• Oversee activities of the BSA Specialist team. Manage, plan, and authorize overtime and schedule changes as needed to ensure coverage for optimum Member and Team Member service.
• Develop, motivate, and manage the BSA Specialist(s), monitor productivity, and work to create a career path model.
• Update and maintain the BSA Procedures Manual.
• Recommend operational changes to increase efficiency of products, Bank Secrecy Act tools, and productivity tracking.
• Work with various departments within the Credit Union to ensure BSA tools are working as designed and adjustments are made to correct deficiencies.
• Coordinate training activities for BSA Team Members, ensure the team stays current on RCU training, applicable regulatory updates, and changes to the risk environment. Work with individual Team Members on their individual training plans.
• Assist in supporting and advising departments with direct BSA/AML and OFAC responsibilities, such as Enterprise Fraud, Account and Electronic Services, Business and Deposit Services and Member Experience/Branches.
• Mature customer due diligence and enhanced due diligence component of the Program. Governance and oversight functions to include risk assessments development, model validation, audit support and business process improvements.
• Verafin system administration including user administration and alerts to improve efficiency while managing risk, without compromising service.
• Implement and oversee quality control reviews of BSA/AML and OFAC functions.
• Compile BSA key risk and performance management reports.
• Participate in special projects as needed.
• Review and file CTR reports to ensure accuracy and compliance with BSA requirements and regulatory deadlines.
• Review AML alerts and document actions including non-filing and filing of SARs where needed, ensuring accuracy and compliance with BSA requirements and regulatory guidelines.
• Review escalated alerts of potential suspicious activity produced or referred by other areas of the Credit Union and determine appropriate course of action.
• Analyze Member and transactional data to identify potentially suspicious activity, exercise solid judgment on examining information, and document suspicious activity, behaviors and/or patterns.
• Serve as a resource for fraud or other areas reporting suspicious activities.
• Respond to concerns about OFAC, SDN, or other Watch List alerts, and take mandated action, as necessary.
• Provide excellent service to all Members, volunteers, Team Members, and service providers.

Preferred Qualifications

• BSA Officer Certification (CBSAP, ACAMS or equivalent) is desirable.