BSA Manager

Lafayette Federal Credit Union • Rockville, MD

1d • $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