Team Leader - BSA

Veridian Credit Union•Ankeny, IA

10d•Hybrid

About The Position

The BSA Team Leader supports the credit union’s Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) program, as well as the Office of Foreign Assets Control (OFAC) sanctions program under the direction of the BSA Officer (Manager of Compliance). This role ensures the credit union complies with all applicable federal and state regulations, internal policies, and industry best practices related to the Bank Secrecy Act (BSA), AML/CFT, OFAC, and financial crime risk management.

Requirements

Bachelor's Degree or equivalent combination of education, training, and experience of 8+ years.
5+ years of experience working in a financial institution or equivalent.
2+ years of BSA/AML or fraud prevention experience with a financial institution.
Oral and written communication skills.
Member service focus.
Attention to detail and accuracy.
Positive attitude that supports a team environment.
Dependable and punctual; flexible during peak times.
High level of confidentiality.
Organizational skills.
Self-motivated; ability to work without close supervision.
Problem solving; analysis.

Nice To Haves

Degree in Accounting, Finance, or Business.
CAMS, CAFS, CBSAP, or similar certifications.
Supervisory experience, including providing constructive coaching and direction to others.

Responsibilities

Supports the ongoing execution and daily operations of the credit union's AML/CFT and OFAC compliance program.
Provide performance management of the BSA Analysts and BSA Representatives through ongoing coaching, feedback, and development discussions that encourage personal, professional, and career development, while clearly defining expectations.
Detect, troubleshoot, and escalate member incidents and system issues to the BSA Officer in a timely manner.
Serve as a subject matter expert of all functions performed by the BSA Team. Assist in the completion of processes as needed.
Ensure effective processes are in place to enhance department performance. Identify areas of improvement. Make recommendations and implement changes when appropriate. Collaborate with non-department stakeholders as needed.
Conduct quality assurance reviews of case investigations, SARs, CTRs, and other regulatory filings.
Oversee maintenance of accurate and complete BSA compliance records.
Monitor the credit union's compliance with the BSA, USA Patriot Act, OFAC sanctions, FinCEN requirements, and related regulations.
Maintain current knowledge of regulatory changes and emerging risks in BSA/AML compliance.
Support the credit union's BSA/AML risk assessment process.
Assist in the development and delivery of BSA/AML and OFAC training for credit union staff.
Act as the primary administrator for the credit union's BSA/AML and fraud prevention software by monitoring system performance, troubleshooting and escalating issues, aligning system settings with BSA/AML and Fraud risk policies, documenting alert and EDD policies and procedures, and identifying gaps and recommending system enhancements.
Provide on-going coaching to all team members that encourages personal, professional and career development. Clearly define expectations of all team members.
Interview and hire the most qualified applicant for position openings. Provide initial orientation and on-going support to team members on the mission, vision, values and leadership culture of the organization.
Plan and prepare for the future by being open minded, perceptive, and proactive. Make decisions that support the members, the department and the organization as a whole both financially and strategically.
Ensure security measures are in place and adhered to regarding PCI and other highly secure data compliance requirements.