Supervisor of BSA/AML

Ent Credit Union•Colorado Springs, CO

4d•$84,000 - $98,000

About The Position

The Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) Supervisor assists with overseeing the day-to-day operations of the BSA/AML Specialists to ensure compliance with BSA/AML and Office of Foreign Account Control (OFAC) requirements. This position performs various quality control reviews and monitoring pertaining to the Bank Secrecy Act, USA Patriot Act, Anti-Money Laundering Program, OFAC, and Customer Identification Program compliance using industry standards and regulatory guidance.

Requirements

Bachelor's Degree in Business Administration, Accounting, Criminal Justice, or related field of study (Preferred)
5+ years' experience in fraud management within the BSA Regulatory field.
1+ years' experience in a team leadership or supervisory role.
Extensive knowledge of the mechanisms, means, practices, and technology by which fraud occurs, is recognized, and is prevented within the financial services industry.
Strong investigative skills.
Excellent problem-solving ability and consistent, logical and effective decision-making.
Excellent interpersonal, written and verbal communication skills.
Strong knowledge of depository processes and procedures.
Strong knowledge of compliance for subpoenas and BSA.
Product knowledge (ATM, Debit, Checking & Savings).
Ability to develop and cultivate as a liaison with other financial institutions and law enforcement, vendors, etc.
Proven time management and organizational skills with the ability to manage multiple and diverse on-going projects.
Ability to work with all levels of the organization.
Ability to deliver/provide management reports, executive summaries, departmental dashboards, etc.
Proficiency with personal computers and spreadsheets/word processing software to include Word, Excel, PowerPoint, Outlook as well as experience in computer-aided.
Excellent and proficient knowledge of the Bank Secrecy Act, Red Flag Rule, FACT Act, FinCEN guidance.

Responsibilities

Assists with BSA program management, including participation in strategic planning for transaction monitoring systems, completion of annual risk assessments, and updates to policies and procedures.
Stays apprised of potential changes to applicable regulations and assists with drafting monthly BSA Board reporting.
Serves as a 314(b) point of contact and assists with 314(b) requests.
Ensures and tracks applicable training for BSA/AML Specialists and develops/implements team assignment schedules.
Provides development and coaching to staff, assists with supervisory duties such as approving time off, performance reviews, and disciplinary actions.
Identifies opportunities to block, restrict, or close member accounts based on suspicious activity.
Conducts quality control/quality assurance monitoring of various BSA/AML and OFAC processes, including non-investigated alerts, SARs, EDD reviews, International Wire Activity reports, Cannabis-Related Business (CRB) reviews, 314(a) and OFAC matches, and subpoena reviews.
Remains cognizant of and adheres to policies, procedures, and regulations pertaining to the Bank Secrecy Act.