The Manager-Bank Secrecy Act/AML position is responsible for administering compliance with all aspects of the Bank Secrecy Act (BSA), Anti-Money Laundering /Countering the Financing of Terrorism Program (AML/CFT), Office of Foreign Asset Control (OFAC) and USA Patriot Act. Responsibilities will include oversight of the board-approved BSA/AML/CFT program, policies and creating, revising, and monitoring ongoing internal controls to identify, mitigate, and report suspicious activity. Oversee the preparation and submission of all Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs) submitted to the Financial Crimes Enforcement Network (FinCEN), working as or in conjunction with the BSA Compliance Officer, as required by Bank Secrecy Act (BSA) / Anti-Money Laundering (AML) regulations. This position provides key information for use by senior management that is used for a consultation with directors, vice presidents, Senior Management, the BSA Officer, and the Board of Directors. This position must also interact actively and effectively with local and Federal law enforcement agencies and personnel.The primary function of the Manager - Bank Secrecy Act/AML Senior is to oversee, coordinate, and implement the organization's compliance with the Bank Secrecy Act/AML/OFAC.  As related to BSA/AML/OFAC, the role will oversee, develop, review, and/or revise policies, forms, agreements,processes, and disclosures to ensure compliance. This position will ensure the credit union, affiliates, volunteers, and employees understand and abide by internal and regulatory procedures related to BSA/AML/OFAC.  The role will serve as a primary consultant for organization-wide compliance with BSA/AML/OFAC.The Manager - Bank Secrecy Act/AML Senior is the credit union's Bank Secrecy Officer and provides USA PATRIOT Act compliance oversight. The appropriate compliance interaction with operational areas is critical to effective operations and reducing potential liability.This position provides leadership and direction to the long-term financial success of Ent by identifying and resolving fraud and loss threats to the credit union, and by meeting strategic operations, reporting, and compliance objectives.  This position is responsible for ensuring credit union risks are identified, assessed, managed, and mitigated to a minimum loss level.This position is responsible for overseeing the BSA (Bank Secrecy Act) Regulatory compliance including the preparation and submission of all Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs) submitted to the Financial Crimes Enforcement Network (FinCEN), as required by Bank Secrecy Act (BSA) / Anti-Money Laundering (AML) regulations.  This position is responsible for managing loss portfolios and minimizing operational risk for the credit union through compliance with applicable regulations, development, and implementation of supporting policies and procedures, and staff development in the areas of fraud awareness and recognition.This position is responsible for addressing general internal controls, the privacy of member information, fraud prevention, and placing priority on the internal and external service needs of the Credit Union. This position provides key information for use by the Vice President of Legal and Regulatory Compliance, Vice President of Financial Crimes, and/or the Chief Risk Officer that is used for a consultation with directors, vice presidents, Senior Management, and the Board of Directors. This position must also interact actively and effectively with local and Federal law enforcement agencies and personnel as well as with the Board of Directors.
Essential Functions of the Manager-Bank Secrecy Act/AML:Organizational Consultation: Provides needed training and insight on BSA regulatory requirements to credit union senior management, compliance/legal, and audit, participates in strategic planning for all critical changes to Ent's production environment, advances best-in-practice BSA Regulatory concepts within the credit union industry through collaboration with other credit unions, law enforcement, and subject matter experts, documents and analyzes instances of suspicious activity and reports finding to BSA Compliance Officer and senior management, achieves set risk-management objectives through interdepartmental cooperation, support, and activity, assess current practices in light of emerging technology and trends ensuring all available and appropriate analytical tools and software are utilized. This position would also be responsible for developing and enforcing appropriate policies and procedures to help lead the effort to prevent fraud and unlawful activity within the organization.Regulatory Compliance: Ensures appropriate awareness of, training on, and compliance with applicable laws including, but not limited to, The Bank Secrecy Act/AML/CFT, OFAC, and US Patriot Act.Departmental Management & Leadership: Directs acquisition of staff. Determines appropriate training. Establishes work priorities and standards. Provide clarification/direction on work assignments. Provide direct reports coaching/mentoring/leadership development opportunities towards achieving development goals. Support BSA staff in their daily duties as needed. Building the team by sourcing, selecting, and retaining the correct resources. Lead and develop employees in an effort to meet their career aspirations contributing to the achievement of department objectives.Monitoring and reporting: Monitors Changes in laws, regulations, and trends. Report changes that directly affect the credit union to the appropriate level of management.Analysis: Analyzes complex situations, provides guidance, and escalates issues to appropriate levels as management as needed.Bank Secrecy Act: Remains cognizant of and adheres to Ent policies and procedures, and regulations pertaining to the Bank Secrecy Act.Essential Functions of the Manager-Bank Secrecy Act/AML Senior:Organizational Consultation: Serves as Ent's BSA Officer. Provides needed training and insight on BSA regulatory requirements to credit union senior management, compliance/legal, the Board of Directors, and audit, participates in strategic planning for all critical changes to Ent’s production environment. Advances best-in-practice BSA Regulatory concepts within the credit union industry through collaboration with other credit unions, law enforcement, and subject matter experts. Documents and analyzes instances of suspicious activity and reports finding senior management. Achieves and sets risk-management objectives through interdepartmental cooperation, support, and activity. Assesses current practices in light of emerging technology and trends ensuring all available and appropriate analytical tools and software are utilized. This position would also be responsible for developing and enforcing appropriate policies and procedures to help lead the effort to prevent fraud and loss within the organization.Regulatory Compliance: Must keep current on all existing/emerging compliance regulations relevant to the banking industry.  On-going monitoring of daily compliance relating to requirements under the Bank Secrecy Act, and related acts such as CTR and SAR management, OFAC monitoring, FinCEN review and reporting, and FACT Act requirements including red flag mitigation. Ensures appropriate awareness of, training on, and compliance with applicable laws including, but not limited to, The Bank Secrecy Act/AML, OFAC, GLBA, FACT Act, and US Patriot Act.Departmental Management & Leadership: Directs acquisition of staff. Determines appropriate training. Establishes work priorities and standards. Provide clarification/direction on work assignments. Provide direct reports coaching/mentoring/leadership development opportunities towards achieving development goals. Support BSA staff in their daily duties as needed. Building the team by sourcing, selecting, and retaining the correct resources. Lead and develop employees in an effort to meet their career aspirations contributing to the achievement of department objectives.