Bsa Compliance Manager

It’s an exciting time to be at Hanscom Federal Credit Union! 

As a member of our Risk Management Department, you will join a dynamic team of dedicated individuals committed to delivering exceptional service to our members.

Who we are – Hanscom Federal Credit Union

• Members-first – our members are our top priority. We make business decisions with our members at the top of mind.
• Integrity – we’re honest and committed to doing what’s best for our members and our company. What is right isn’t the same as what is easy.
• Teamwork – we are in this together and we all benefit from our success.
• Innovation – we identify new ideas for processes or products that will lead to positive changes and take the initiative to implement the changes
• Empathy – we understand that communication starts by listening, understanding diverse perspectives, and caring about others’ sustained success.

What we offer

• A full-time, permanent position that will reward you through an annual bonus program.
• Medical, Dental, Vision, FSA, 401(k), Student Loan Paydown, and paid Sick and Vacation time benefits.
• A flexible hybrid work schedule environment.
• We are committed to fostering career growth and development – when you join our organization it’s not just a job.
• We look to develop your skills aligned to our business needs and help you progress in your career.

Who you are – BSA Compliance Manager   

You are a dynamic, detail oriented, intuitive person with the ability to develop relationships, build rapport and become a trusted team member.  You are able to provide every member or employee you assist or support with a high level of service, have strong organization and multi-tasking skills, and are searching for a rewarding career where you are valued and respected.

What you'll do

• Responsible for the credit union's BSA/AML Compliance Program to ensure adequacy and compliance with regulatory requirements. Responsible for the following activities: alert and case management, suspicious activity investigations, CTR and SAR filings, high risk account monitoring, CTR exemption reviews, member behavior reviews, among others.
• Stay abreast of and analyze developing industry and compliance trends, scams and schemes, and changes to laws and regulations pertaining to the BSA/AML/OFAC program.
• Conduct internal/compliance risk assessments and develops control strategies to mitigate risks.
• Coach and mentor the BSA team, including hiring, completing performance reviews, training, career mapping, and performance improvement plans.
• Ensure that all departmental BSA/AML compliance initiatives are current and ongoing.
• Assess and maintain appropriate parameters and thresholds within the AML software to ensure efficiency and compliance with all applicable regulations.
• Act as primary contact of the credit union’s BSA/AML compliance software vendor, ensuring integrity of data and full utilization of its functionality.
• Manage all related audits and ensures corrective actions are implemented.
• Act as primary contact for law enforcement for BSA/AML compliance-related cases.
• Responsible for BSA compliance training, including new hires, annual in-person employee training, Supervisory Committee, Board of Directors.
• Responsible for maintaining BSA/AML/OFAC compliance-related policies, procedures, and risk assessments to ensure compliance.
• Responsible for OFAC compliance, including policy, procedures, training, reporting, and screening of the credit union membership and vendors.
• Act as primary contact for 314(a) and 314(b) and ensures compliance with applicable regulations.
• Develop periodic reports on the overall effectiveness and compliance of the Program.
• Perform other tasks or functions as required, requested, necessary, or prudent from time to time.

Experience

8-10 years’ experience in a compliance or operations role within financial institutions, encompassing a broad knowledge of products and services, is required. Supervisory experience also required.

Education/Certifications/Licenses

A bachelor’s degree and CAMS, NCBSO or BSACS certification required.