BSA Manager

Lafayette Federal Credit Union • Rockville, MD

5d • $85,000 - $100,000 • Hybrid

About The Position

We are currently seeking a BSA Manager to be responsible for the overall management, administration, and ongoing effectiveness of the Credit Union’s Bank Secrecy Act (BSA), Anti-Money Laundering (AML), and OFAC Compliance Program. This role ensures compliance with all applicable regulatory requirements, supports enterprise risk management objectives, and serves as a key advisor to senior management on financial crime risk and trends.

Requirements

• Three years to five years of similar or related experience.
• A two-year college degree, or (2) completion of a specialized certification or licensing, or (3) completion of specialized training courses conducted by vendors, or (4) 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. 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
• Number of Employees: 1-10 employees