Bank Secrecy Act / Enterprise Risk Management Specialist

MAX Credit Union • Montgomery, AL

7d

About The Position

Essential Functions & Responsibilities:  Assists in developing and implementing the BSA training program for staff.  Conducts internal reviews to investigate and identify quality review and compliance risks. Reports adverse findings to senior management and aids in implementing corrective actions or procedural changes.  Identifies suspicious account and money laundering activities. Gathers information from various sources to determine if further investigation is required. Files and submits Suspicious Activity Reports (SARs) in a timely manner.  Ensures BSA recordkeeping requirements are followed. Checks each Currency Transaction Report (CTR) for accuracy before submission. Assures records are available and compliant with the record-keeping requirements for cash purchases of monetary instruments between $3,000 and $10,000.  Manages the Credit Union's BSA/AML program, ensuring compliance with BSA rules and regulations. Monitors changes in laws, regulations, and examination trends. Maintains files of all current operating guidelines, procedures, industry information, and regulatory requirements.  Oversees all components of the Credit Union’s ERM program, including risk identification, monitoring, testing, and remediation. Develops ERM tools, practices, and policies to analyze and report enterprise risks.  Participates in the Credit Union’s project management team to ensure risks are appropriately identified, addressed, and assessed as new products, services, and areas of service are developed.  Works proactively with division/department heads to improve the quality of risk ratings for their areas of responsibility. Provides key input into the Credit Union’s enterprise risk or other committees overseeing the enterprise risk management process.  Shows initiative and demonstrates the ability to solve problems in the absence of the Manager. Utilizes regulatory acumen and subject matter expertise to guide credit union personnel on compliance with laws and governmental regulations.  Possesses expert knowledge of policies, procedures, and government regulations associated with the Bank Secrecy Act.  Maintains a member first mindset.  Upholds core values and builds team member and customer relationships.  Completes all training as required.  Performs other duties as assigned.

Responsibilities

• Assists in developing and implementing the BSA training program for staff.
• Conducts internal reviews to investigate and identify quality review and compliance risks. Reports adverse findings to senior management and aids in implementing corrective actions or procedural changes.
• Identifies suspicious account and money laundering activities. Gathers information from various sources to determine if further investigation is required. Files and submits Suspicious Activity Reports (SARs) in a timely manner.
• Ensures BSA recordkeeping requirements are followed. Checks each Currency Transaction Report (CTR) for accuracy before submission. Assures records are available and compliant with the record-keeping requirements for cash purchases of monetary instruments between $3,000 and $10,000.
• Manages the Credit Union's BSA/AML program, ensuring compliance with BSA rules and regulations. Monitors changes in laws, regulations, and examination trends. Maintains files of all current operating guidelines, procedures, industry information, and regulatory requirements.
• Oversees all components of the Credit Union’s ERM program, including risk identification, monitoring, testing, and remediation. Develops ERM tools, practices, and policies to analyze and report enterprise risks.
• Participates in the Credit Union’s project management team to ensure risks are appropriately identified, addressed, and assessed as new products, services, and areas of service are developed.
• Works proactively with division/department heads to improve the quality of risk ratings for their areas of responsibility. Provides key input into the Credit Union’s enterprise risk or other committees overseeing the enterprise risk management process.
• Shows initiative and demonstrates the ability to solve problems in the absence of the Manager. Utilizes regulatory acumen and subject matter expertise to guide credit union personnel on compliance with laws and governmental regulations.
• Possesses expert knowledge of policies, procedures, and government regulations associated with the Bank Secrecy Act.
• Maintains a member first mindset.
• Upholds core values and builds team member and customer relationships.
• Completes all training as required.
• Performs other duties as assigned.

What This Job Offers

• Education Level: No Education Listed