Team Leader

GESA CREDIT UNION•Richland, WA

About The Position

The BSA/AML Manager/Team Leader is responsible for monitoring and assessing adherence to all local, state, and federal regulations, focusing on the Bank Secrecy Act (BSA), USA Patriot Act, money laundering, Customer Due Diligence, and the Office of Foreign Asset Control (OFAC) regulations. The position is responsible for managing and leading the BSA/AML team by identifying an emerging and evolving money laundering, terrorist financing and financial crime threats, and improving the overall process, team efficiency and consistency, to build a stronger defense. This role plays a key part in the development, implementation, and ongoing management of policies, procedures, and controls designed to detect, prevent, and mitigate financial crime risks. Additionally, this position supervises BSA/AML team members and oversees assigned projects. Serve as a subject matter expert in the areas described.

Requirements

Advanced knowledge of money laundering trends, business practices, and systems
Advanced knowledge of BSA complex legal and regulatory issues and laws
Familiarity with AML compliance software, transaction monitoring systems, and case management tools
Ability to interpret and apply regulatory changes to enhance the AML compliance program
Strong ability to assess AML risks, identify control gaps, and implement risk mitigation strategies
Skilled in drafting, implementing, and maintaining BSA/AML policies, procedures, and internal controls
Strong critical thinking and problem-solving skills to evaluate complex AML issues
Ability to make sound risk-based decisions in high-pressure situations
Commitment to maintaining the highest level of ethical conduct in financial crime prevention
Ensures transparency and accountability in AML compliance operations
Excellent interpersonal and teamwork skills.
Excellent listening skills and customer service attributes
Proficient in computer applications, reporting, and file/data systems
Bachelor’s degree may be waived for a lesser degree based on years’ experience in a qualified field, such as banking, regulatory compliance, BSA/AML, fraud, electronic payments, risk management, internal audit, or other analytical area
At least seven (7) years of direct BSA experience with concepts, practices, and compliance techniques for AML activity and for the credit union industry is preferred
Ten (10) or more years of banking/credit union experience preferred
At least seven (7) years of supervisory experience preferred
Certified Anti-Money Laundering Specialist (CAMS), or Certified Bank Secrecy Act Professional (CBSAP) designation are required.
Proficient in computer applications, reporting, and file/data systems, various forms of technology, including transaction processing systems, case management applications, research and analytical resources, and MS Office products or similar software
Advanced knowledge of money laundering trends, business practices, and BSA/AML/Fraud and case management systems
Advanced knowledge of BSA complex legal and regulatory issues and laws
Some travel required to complete credit union training, to obtain approved professional training, or to provide training to staff

Responsibilities

Manage Bank Secrecy Act functions for the credit union by overseeing day-to-day BSA activities, perform appropriate independent decision making, and reporting issues the supervisor
Support the BSA/OFAC Officer in ensuring the proper execution of the BSA/AML/OFAC Program.
Collaborate with the BSA/OFAC Officer continuously on strategic planning priorities
Conduct BSA risk assessment across business units, identify changes in risks and update BSA/OFAC risk profiles accordingly
Maintain and update BSA/AML/CFT/OFAC policies, procedures, and risk assessments as needed
Develop and execute requirements and reporting of the annual AML/BSA risk assessments
Conduct compliance reviews to identify potential areas of risk related to BSA, AML, and OFAC compliance and develop strategies to mitigate these risks
Manage and implement requisite AML technology to further automate and strengthen the control environment
Strategically collaborate and consult with peers, colleagues, and mid-to senior-level managers to identify current and emerging risks associated with business activities and operations, and provide guidance in interpreting, developing, and implementing risk-mitigating strategies
Make decisions in complex and multifaceted situations requiring solid understanding of business’s functional area or products, operations, and regulatory environment; facilitate decision-making and issue resolution, and support implementation of developed solutions and plans; influence and lead key business partners to meet deliverables and drive new initiatives
Lead and participate in complex BSA/AML projects and initiatives with broad impact which are designed to mitigate current and emerging business risk issues and concerns; act as key participant in large-scale, cross-functional planning for the business
Keep abreast of changes in applicable state and federal laws, regulations, and rules impacting BSA/AML/OFAC areas and alert supervisor of all changes and the potential impact to the Credit Union
Keep supervisor informed of key operating issues affecting regulatory issues and departmental performance
Assist VP of Compliance with developing policies and procedures to ensure activities are conducted in compliance with applicable laws, regulations, and rules
Perform a variety of routine daily tasks; review reports and prepare correspondence. Utilize information systems as they relate to the needs, requirements and issues pertaining to regulatory compliance in areas assigned.
Monitor compliance, activities, and reports with respect to areas of assigned responsibilities
Participate in special and on-going department projects as requested
Act as BSA compliance resource for the Credit Union
Ensure that BSA team members are trained in all BSA Compliance functions, and provide select regulatory training for other team members
Assist with compliance audits and examinations as needed. Communicate and coordinate Credit Union response to regulatory changes, helping to assure compliance with changing regulations
Perform other job-related duties as assigned by the VP of Compliance
Perform all duties and maintain all sensitive data with the highest standard of confidentiality and professionalism
Attend Credit Union training sessions, conferences, or seminars on and off site as approved by team leader
Make decisions and determinations using relevant details to close and/or close open cases involving unusual or suspicious activities
Recognize and report high level situations that must be reported to management, law enforcement, or other regulatory agencies with urgency
Identify opportunities to create efficiencies that are effective and support the Credit Union’s mission
Display leadership values such as mutual respect, trust, honesty and dignity, and act in the best interest of the credit union.
Lead by example by displaying solid ethics and integrity at all times