BSA Compliance Manager

BSA Compliance Manager Location Littleton, MA :

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.

Experience

Required

• Supervisory experience
• CAMS, NCBSO or BSACS certification
• 8 year(s): Bank Secrecy Act compliance experience
• 8 - 10 years: Experience in a compliance or operations role within financial institutions, encompassing a broad knowledge of products and services

Education

Required

• Bachelors or better

Licenses & Certifications

Preferred

• NCBSO
• CAMS
• BSACS

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)