Supervisor, BSA/AML Analysis & Risk

Overview

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.

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.

• 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

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