Supervisor, BSA/AML Analysis & Risk (AML Investigations)

Navy Federal•San Diego, VA

About The Position

To supervise the day to day BSA/AML risk assessment operations, compliance analyses and projects across the enterprise in compliance with Navy Federal's BSA/AML Compliance Program. To assist the Manager, BSA/AML Compliance with the development of an enterprise wide education, communications strategy to ensure timely adherence and updates/revisions to business unit operating processes to comply with the latest regulatory changes.

Requirements

Strong knowledge of the BSA, USA PATRIOT Act, and OFAC, and their associated requirements
Extensive experience in compliance and project management positions with broad exposure to regulations interpretation, compliance implementation, risk assessment analysis, administration, and communications
Supervisory and/or leadership experience that demonstrated the ability to make well thought-out/prompt decisions, prioritize projects, articulate logical and effective solutions and procedures, integrity, and initiative
Demonstrated ability to assimilate, interpret, communicate clearly and effectively technical and complex laws, policies and procedures and data using verbal, written and presentation methodologies
Ability to interact effectively with vendors, regulatory agencies and all levels of management
Proficiency with operating systems and PC applications, specifically project management tools, word processing software, spreadsheet and database applications
Experience designing, developing and managing instructional and informational training
Experience with web-based learning environments and web course management systems
Strong organizational, research, analytical and problem solving skills
Bachelor's Degree in a related field or the equivalent combination of training, education, and experience

Nice To Haves

Knowledge of Navy Federal business operations, policies, and procedures
Certified Anti-Money Laundering Specialist (CAMS) certification
College degree in Business Administration or related field

Responsibilities

Supervises the operations of the BSA/AML Analysis and Risk Section to ensure efficiencies/effectiveness.
Supervises the daily workload and schedule of staff by reviewing project priorities, work in progress, compliance to statutory and internal/external audit deadlines, and required internal/external reports and filings
Reviews analyses and reports from staff analysts and audits to determine if additional measurements, programs, and modifications are required to reduce Navy Federals' financial risk
Oversees the risk analysis processes of member transactional and behavioral data to identify trends related to the movement of funds, unusual and/or changes in transactional activity
Responds to requests from Financial Crimes Enforcement Network (FinCEN) and law enforcement for information related to statutory filings and prepares responses to federal and state regulatory agencies
Monitors system performance and recommends enhancements to new and current automated processes to support, streamline and improve Section responsibilities, accuracy, and responsiveness
Oversees record retention and maintenance of documents according to statutory requirements
Participates in developing section budget, systems, and training requirements
Oversees the development and analysis of BSA/AML Compliance and Programs.
Provides primary staff support to the SVP, Security and Manager, BSA/AML Compliance for projects, studies, reports, and analyses
Supervises the planning, schedules, timelines, metrics, and reporting process and procedures to comply with BSA, USA PATRIOT Act, Office of Foreign Asset Control (OFAC) and other anti-money laundering (AML) and counter-terrorist financing (CTF) regulations
Provides direction and leadership on projects relating to BSA/AML and OFAC compliance enterprise-wide and leads teams to implement new or changed compliance requirements
Conducts board-approved periodic BSA/AML and OFAC risk assessments and ongoing internal compliance reviews
Analyzes operational activities and issues relating to interpretation and impact of the BSA, USA PATRIOT Act, and OFAC on Navy Federal processes and recommends necessary modifications to operations and processes.
Supervises the analysis and development of automated systems and compliance program requirements.
Defines specifications for automated systems enhancements and business recovery, assesses the accuracy of deliverables, determines training and communications requirements
Conducts BSA/AML risk assessments, and develops, tests, and implements suspicious activity and risk rule scenarios for detection of possible money-laundering and terrorist financing activities; ensures these scenarios are in keeping within regulatory requirements, appropriate operational controls are established and Navy Federal's BSA/AML risk profile is not compromised
Acts as liaison with external vendors and ISD to research and resolve BSA application issues.
Assists the Manager, BSA/AML Compliance with the development of an enterprise wide BSA/AML and OFAC educational and communication strategy.
Provides insight and recommendations in the development of a BSA/AML and OFAC training and communication strategy to address current and future industry and regulatory compliance changes
Reviews current processes and procedures to ensure timely, auditable, accurate and proactive compliant responses from Navy Federal and appropriate personnel
Identifies and evaluates compliance weaknesses that require additional targeted training and communications
Consults with internal customers to conduct training needs analyses; recommends, designs, and implements appropriate training solutions
Oversees the development, evaluation, dissemination, and documentation of the training program materials
Collaborates with Manager, e-Learning, and other business unit training areas to develop new training programs, identify and coordinate training needs or modifications for specific functional areas and/or enterprise-wide BSA training
Serves as point-of-contact for regulatory examinations and internal policy clarification.
Performs supervisory duties: Selects employees, prepares, and conducts performance appraisals, ensuring adequate staffing, oversees employee training and development to include coaching and mentoring
Establishes staff objectives, standards, strategies, and priorities; ensures operations, records and documentation are current with industry regulations and aligned with best practices
Assists management team on NCUA regulatory examinations and independent audits conducted by Internal Audit
Represents BSA/AML Compliance Branch on cross-department/division projects and task groups.
Performs other related duties as required or appropriate