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 regulations
Oversee BSA/AML and OFAC operations including Customer Identification Program (CIP), implementation of controls, suspicious activity reports (SAR) and related regulatory reports
Conduct analyses of AML and OFAC models and monitoring systems ensuring adherence to best practices, and timely, proactive, accurate identification/detection of risk activities
Drive and interpret BSA/AML and OFAC risk assessments, determine impact and/or changes on current business processes, and ensure timely resolution of identified issues/concerns
Oversee interpretation and implementation of regulatory changes and change management impact on enterprise-wide operations, systems, processes and staff/management compliance training
Build collaborative relationships and liaise with external regulatory agencies regarding communication of alerts, issue resolution and response, and best practices
Serve as point of contact on internal and external regulatory examinations
Manage vendor relationships to ensure product service and quality
Contribute 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 improvements
Monitor, identify, and respond to high risk customer/activities impacting Navy Federal members, services, and financial assets
Collaborate with ISD to integrate, develop, and maintain key department automated systems, notably the BSA/AML monitoring tool
Define specifications for automated systems enhancements
Provide counsel and advice to business unit managers and project leaders on BSA/AML compliance matters and processes
Manage 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 groups
Manage business recovery plans by developing effective processes and procedures, and maximizing the detection of risk/potential exposures of transactional activities impacting Navy Federal business
Develop 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 exposure
Assess cross functional impact of business process changes on BSA/AML and OFAC processes and rules
Perform other related duties as assigned or appropriate
Qualifications
Advanced knowledge of Bank Secrecy Act, USA Patriot Act, OFAC regulations and associated requirements
Significant 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 impact
Significant experience in working with all levels of staff, management, stakeholders, vendors
Experience in change management processes including strategies, business processes, education and communication
Effective skill managing multiple priorities independently and/or in a team environment to achieve goals
Advanced research, analytical, and problem solving skills
Advanced skill in presenting findings, conclusions, alternatives and information clearly and concisely
Advanced skill exercising initiative and using good judgment to make sound decisions
Significant skill in results-oriented leadership in a challenging environment
Effective word processing and spreadsheet software skills
Effective database and presentation software skills
Desired Qualifications
Working knowledge of NFCU products, services, programs, policies and procedures
Working Knowledge of banking/financial industry trends, products and services
ACAMS Certified
Hours: Monday - Friday, 8:00AM - 4:30PMLocation: 820 Follin Ln. Vienna, Virginia 22180About 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 ServicesEqual 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/DisabilityDisclaimers: 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 positionBank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.REQNUMBER: 17690
Full-time