Manager, BSA/AML Compliance

Overview

Manage Navy Federal's BSA/AML and OFAC programs and operations in support of the AVP, BSA/AML and OFAC Compliance. Guide the monitoring of Navy Federal's financial assets, protect the security of membership personal information/assets from risk/exposure, and ensure compliance with federal and industry regulations. Oversee the operations of a sustainable, effective, and efficient BSA/AML and OFAC Compliance Program. Provide tactical and strategic assistance to AVP, BSA/AML and OFAC Compliance to include system and project initiatives.

Responsibilities

Manage Navy Federal's BSA/AML and OFAC Compliance functions in accordance with the Federal Financial Institutions Examination Council (FFIEC), and state and federal regulationsOversee BSA/AML and OFAC operations including Customer Identification Program (CIP), implementation of controls, suspicious activity reports (SAR) and related regulatory reportsConduct analyses of AML and OFAC models and monitoring systems ensuring adherence to best practices, and timely, proactive, accurate identification/detection of risk activitiesDrive and interpret BSA/AML and OFAC risk assessments, determine impact and/or changes on current business processes, and ensure timely resolution of identified issues/concernsOversee interpretation and implementation of regulatory changes and change management impact on enterprise-wide operations, systems, processes and staff/management compliance trainingBuild collaborative relationships and liaise with external regulatory agencies regarding communication of alerts, issue resolution and response, and best practicesServe as point of contact on internal and external regulatory examinationsManage vendor relationships to ensure product service and qualityContribute significantly to development of Objectives and Key Results (OKR), monitor performance and achievement regarding OKRs, determine gaps in performance metrics, and recommend/execute change management techniques for efficiency/quality improvementsMonitor, identify, and respond to high risk customer/activities impacting Navy Federal members, services, and financial assetsCollaborate with ISD to integrate, develop, and maintain key department automated systems, notably the BSA/AML monitoring toolDefine specifications for automated systems enhancementsProvide counsel and advice to business unit managers and project leaders on BSA/AML compliance matters and processesManage an enterprise wide BSA/AML and OFAC

education and training strategy through collaboration with Navy Federal e-Learning, and other business unit training areas for enterprise or targeted business groupsManage business recovery plans by developing effective processes and procedures, and maximizing the detection of risk/potential exposures of transactional activities impacting Navy Federal businessDevelop and manage a communications strategy to champion new regulations and strategies to include change management impact, response plans,

education

requirements to ensure maximum regulatory compliance and minimize risk exposureAssess cross functional impact of business process changes on BSA/AML and OFAC processes and rulesPerform other related

duties as assigned or appropriate

Qualifications

Advanced knowledge of Bank Secrecy Act, USA Patriot Act, OFAC regulations and associated

requirementsSignificant

experience in compliance roles having broad exposure to regulations interpretation, compliance implementation, risk assessment analysis, regulatory audits, administration, and communications

Experience in leading large projects/initiatives which have business risk and impactSignificant

experience in working with all levels of staff, management, stakeholders, vendors

Experience in change management processes including strategies, business processes,

education and communicationEffective skill managing multiple priorities independently and/or in a team environment to achieve goalsAdvanced research, analytical, and problem solving

skillsAdvanced skill in presenting findings, conclusions, alternatives and information clearly and conciselyAdvanced skill exercising initiative and using good judgment to make sound decisionsSignificant skill in results-oriented leadership in a challenging environmentEffective word processing and spreadsheet software

skillsEffective database and presentation software

skills

Desired

Qualifications

Working knowledge of NFCU products, services, programs, policies and proceduresWorking Knowledge of banking/financial industry trends, products and servicesACAMS Certified

Hours: Monday - Friday, 8:00AM - 4:30PM

Location: 820 Follin Ln. Vienna, Virginia 22180

About Us

You have goals, dreams, hobbies, and things you're passionate about—what's important to you is important to us. We're looking for people who not only want to do meaningful, challenging work, keep their

skills sharp and move ahead, but who also take time for the things that matter to them—friends, family, and passions. And we're looking for team members who are passionate about our mission—making a difference in military members' and their families' lives. Together, we can make it happen. Don't take our word for it:

Military Times 2022 Best for Vets Employers WayUp Top 100 Internship Programs Forbes® 2022 The Best Employers for New Grads Fortune Best Workplaces for Women Fortune 100 Best Companies to Work For® Computerworld® Best Places to Work in IT Ripplematch Campus Forward Award - Excellence in Early Career Hiring Fortune Best Place to Work for Financial and Insurance Services

Equal Employment Opportunity: Navy Federal values, celebrates, and enacts

diversity in the workplace. Navy Federal takes affirmative action to employ and advance in employment qualified individuals with disabilities, disabled veterans, Armed Forces service medal veterans, recently separated veterans, and other protected veterans. EOE/AA/M/F/Veteran/Disability EOE/AA/M/F/Veteran/Disability

Disclaimers: Navy Federal reserves the right to fill this role at a higher/lower grade level based on business need. An assessment may be required to compete for this position. Job postings are subject to close early or extend out longer than the anticipated closing date at the hiring team’s discretion based on qualified applicant volume. Navy Federal Credit Union assesses market data to establish

salary ranges that enable us to remain competitive. You are paid within the

salary range, based on your

experience,

location and market position

Bank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.