Supervisor of BSA/AML

Ent Credit Union•Colorado Springs, CO

3d•Onsite

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.
Possess strong investigative skills.
Demonstrate 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: Participates in strategic planning for changes to Ent's BSA/AML and OFAC transaction monitoring system, including tuning and validation.
Assists with the completion of the annual BSA/AML and OFAC Risk Assessments.
Assists with updates to BSA/AML and OFAC policies and procedures.
Stays apprised of potential changes to applicable regulations.
Assists with the drafting of monthly BSA Board reporting.
Serve as one of the 314(b) points of contact and assist with 314(b) requests.
Ensures and tracks applicable training for BSA/AML Specialists.
Develops and implements team assignment schedules on a monthly basis.
Provides development and coaching to staff to help them achieve performance requirements and progress in accordance with their development goals.
Assist 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 the following BSA/AML and OFAC processes: Non-investigated alerts to ensure reasons for not meeting case status are documented clearly.
Suspicious Activity Reports (SARs) submitted by BSA/AML Specialists for accuracy and timely submission.
Enhanced Due Diligence (EDD) reviews completed by BSA/AML Specialists to ensure review cases are appropriately documented and reasonably decisioned.
Oversight of International Wire Activity report review conducted by BSA/AML Specialists to ensure potential suspicious wire activity and BSA violations are identified.
Oversite of Cannabis-Related Business (CRB) reviews conducted by BSA/AML Specialists to ensure reviews are documented and thoroughly conducted.
Review of 314(a) and OFAC matches to confirm, track, and report true matches.
Subpoena reviews for suspicious activity and escalation for SAR filing.
Remains cognizant of and adheres to Wings policies and procedures, and regulations pertaining to the Bank Secrecy Act.