Bank Secrecy Act, Manager

Lafayette Federal Credit Union • Rockville, MD

51d • $85,000 - $100,000 • Hybrid

About The Position

Lafayette Federal Credit Union is expanding and looking for exceptional talent to support our members and contribute to our reputation as an employer of choice. Be a key player in our mission to become the premier financial partner for our community. Your skills and dedication are essential to our success. Lafayette Federal may have the perfect opportunity for you! We are currently seeking a Bank Secrecy Act, Manager to join our dynamic team! Lafayette Federal Credit Union is not only a great place to bank, but also a great place to work! We have been recognized nationally by (1) Newsweek’s America’s Best Bank’s list, (2) we’ve received a 5-star rating from Bauer financial, and (3) we’ve also ranked #12 in S&P Global’ s Top Performing Credit Union’s in 2022 for the second year in a row! Lafayette Federal is about inclusion, diversity, high performance, and new opportunities. Teamwork and our sense of community also make Lafayette Federal a great place to work. Each person is valued for his or her unique set of skills. We share a common devotion to the people we serve, participating in charity events throughout each year and giving back to the community. Professional development, training, and certification is a priority for our employees. We want you to reach your career goals and provide support that leads to opportunities of advancement within the industry.

Requirements

• Three years to five years of similar or related experience.
• A two-year college degree, or completion of a specialized certification or licensing, or completion of specialized training courses conducted by vendors, or job-specific skills acquired through an apprenticeship program.
• Understanding of Anti-Money Laundering systems such as Patriot Officer, Bridger, LexisNexis.
• Basic PC skills, Microsoft suite of software, i.e. Outlook, Word, Excel
• General knowledge of core banking system and departmental processes.
• General knowledge of credit union products and services.

Nice To Haves

• AML Certification preferred or willingness to obtain.

Responsibilities

• Managing and maintaining the Credit Union’s BSA/AML and OFAC Compliance Program in accordance with the Bank Secrecy Act, USA PATRIOT Act, FinCEN guidance, and other applicable laws and regulations.
• Monitor regulatory changes, enforcement actions, and emerging financial crime trends; assess impact and recommend program enhancements as needed.
• Ensure policies, procedures, and internal controls remain current, effective, and aligned with the Credit Union’s risk profile.
• Overseeing transaction monitoring and case investigations generated by the Credit Union’s AML monitoring systems.
• Reviewing and approving Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs), ensuring accuracy, timeliness, and regulatory compliance.
• Ensuring appropriate documentation, escalation, and retention of investigative records.
• Serving as primary administrator and subject-matter expert for the Credit Union’s AML monitoring systems (e.g., Patriot Officer or comparable platforms).
• Ensuring system parameters, rules, and thresholds are appropriately calibrated and periodically validated.
• Coordinate with vendors and internal stakeholders on system updates, tuning, and issue resolution.
• Leading the BSA/AML risk assessment process, including identification of inherent risks, evaluation of mitigating controls, and documentation of residual risk.
• Support independent testing, regulatory examinations, and internal audits; manage responses and corrective action plans.
• Providing regular BSA/AML reporting to senior management and committees, including key risk indicators, trends, and program metrics.
• Managing responses to law enforcement requests, including FinCEN 314(a) information-sharing requests.

Benefits

• Employer paid (99.9%) health insurance premium for single and family coverage (HMO Plan)
• Fully funded deductible (HMO Plan)
• 401k employer matching contribution
• Income protection with life insurance, short and long-term disability
• Paid time off, holiday leave & birthday leave
• Educational assistance
• Commuter benefits program and more!

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Education Level: Associate degree