Bank Secrecy Act Officer

Achieva Credit Union•Dunedin, FL

42d•Hybrid

About The Position

The Bank Secrecy Act (BSA) Officer ensures Achieva Credit Union maintains compliance with the Bank Secrecy Act (BSA), the United and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act (USA PATRIOT ACT), all applicable anti-money laundering (AML) statues and requirements as mandated by the Office of Foreign Assets Control (OFAC). The Officer maintains oversight over the BSA/AML/OFAC Compliance Program including supporting internal controls, appropriate designation of a BSA Officer, maintaining appropriate educational programs, ensuring independent testing of the Program, and maintaining risk-based customer due diligence procedures. In addition, the BAS/OFAC Officer directs the people, processes and technologies deployed for the purpose of identifying unusual customer activity related to money laundering, terrorist financing, and other criminal activities conducted or attempted at or through Achieva Credit Union.

Requirements

Bachelor’s degree, an advanced degree preferred.
5+ years’ experience in the role of BSA Officer or Deputy BSA Officer at a $3B+ financial institution.
10+ years’ BSA/AML investigative experience with personal investigative and suspicious activity reporting (SAR) finagling experience at a financial institution.
10+ years’ related experience.
Prior experience with development, testing and implementation of BSA/AML/OFAC systems.
Certified Anti-Money Laundering Specialist (CAMS).
Comprehensive understanding of banking and of financial crime patterns.
Thorough knowledge of Bank Secrecy Act, anti-money laundering laws and regulations the USA PATRIOT Act, as well as a strong understanding of OFAC regulations.
Demonstrated history of strong leadership and management skills.
High degree of analytical, problem solving, organizational and project management skills.
History of favorable interactions with regulators and auditors.
Excellent verbal, written and communication skills including demonstrated board presentation skills.
Strong attention to detail and deployment of sound critical professional judgment.
Ability to work in a fast-paced, deadline-orientated environment.
Demonstrated ability to assess and enhance BSA/AML/OFA systems through a project management and system development life cycle discipline.
Familiarity with Verfin preferred.

Nice To Haves

CPA
CRE
CRCM
CIA preferred

Responsibilities

BSA/AML/OFAC Program Oversight & Risk Management Understand key BSA/AML/OFAC workflows.
Ruleset and deploy critical professional judgement in assessing and re-engineering staffing models, processes, and technologies to enhance Program compliance, efficiency and effectiveness without compromising controls and compliance with applicable laws and regulations.
Direct necessary BSA/AML/OFAC/Fraud, etc. risk assessments on an annual basis or otherwise as warranted.
Sponsor and manage Program enhancements including process re-engineering and technical improvements.
Stay apprised of proposed rules, new or changed laws and regulations as well as emerging issues, hot industry topics and money laundering, financial crimes, or terrorist financing trends in order to enhance the BSA/AML Program as appropriate.
Ethical Leadership.
Governance & Stakeholder Engagement Maintain the highest degree of integrity and ethics and adheres to all Bank policies and procedures.
Deploy critical professional judgment in all aspects of managing and leading BSA/AML/OFAC functions.
Build and successfully manage relationships with key management stakeholders throughout the Credit Union creating an environment of transparency and trust.
Communicates expectations and to key management stakeholders.
Participate on committees as deemed necessary.
Achieve long-term corporate objectives established by Achieva Senior Management Policy Documentation & Regulatory Reporting Provide oversight to the development of new material and update of existing documentation as it relates to BSA/AML, OFAC and US Patriot Act policies and requirements.
Prepare high quality, informative board reports at the appropriate level for the audience to understand Program maturation and the summary of matters emanating from the Program.
People Leadership, Training & Team Management Manage and lead all aspects of a BSA Team of BSA Analysts.
Ensure BSA/AML/OFAC training is adequate and provided to all appropriate Associates.
Assist in the preparation of Risk Management Division annual budget.
Represent and uphold the Achieva Brand Frame.
Champion initiatives that position the credit union as a top employer through leadership, integrity and service excellence.
Perform all other essential functions as needed, assigned, or delegated.
Travel may be required on occasion.
Be available to work flexible hours including evenings, weekends, and holidays to meet member and business demands.