BSA Officer

Position Summary

The Bank Secrecy Act Officer (BSA Officer) administers the Credit Union’s BSA/ AML and OFAC program. As the designated BSA Officer, this position ensures the Credit Union maintains compliance with the Bank Secrecy Act (BSA), the United and Strengthening America by Providing Appropriate Tools required to Intercept and Obstruct Terrorism Act (USA PATRIOT Act), Office of Foreign Assets Control (OFAC) regulations and all other applicable anti-money laundering statutes and requirements.

Key Responsibilities

• Serve as the designated BSA Officer for the Credit Union.
• Manage and develop the BSA/AML team, establishing departmental goals and performance standards and ensuring timely alert reviews, investigations, and regulatory reporting.
• Maintain current knowledge of the Bank Secrecy Act and all related anti-money laundering and OFAC regulations and stay apprised of proposed rules, new or changing laws and regulations as well as emerging issues and industry trends to advise Senior Management.
• Ensure policies, procedures, controls, and monitoring systems are appropriately designed, configured and operating effectively and make recommendations for system enhancements and tuning adjustments.
• Assess Program processes and technologies to enhance Program compliance, efficiency, and effectiveness without compromising controls and compliance.
• Conduct BSA/AML/OFAC/Fraud, etc. risk assessments on an annual basis or as otherwise appropriate.
• Oversee the investigation, escalation and reporting of suspicious activity.
• Ensure high-risk member monitoring and enhanced due diligence activities are conducted appropriately.
• Ensure SARs, CTRs and all other required regulatory findings are accurate, complete, and submitted within required deadlines.
• Administer the SAR Committee, maintaining appropriate SAR confidentiality controls.
• Monitor suspicious activity trends and emerging financial crime risks.
• Serve as the point of contact for examiners, regulators, and auditors.
• Prepare periodic Program reports for the Audit Committee and Board of Directors to ensure that the Board is kept fully up-to-date and informed of the Program.
• Partner with Learning and Development to develop appropriate BSA/AML and OFAC training curriculums for employees.
• Provide guidance to frontline and back-office staff regarding BSA/AML requirements and suspicious activity requirements.

Ethical Leadership, Governance & Stakeholder Engagement

• Maintain the highest degree of integrity and ethics and adhere to all Credit Union policies and procedures.
• Deploy critical professional judgment in all aspects of managing and leading BSA/AML/OFAC functions.
• Build and successfully manage relationships with key management stakeholders throughout the Credit Union creating an environment of transparency and trust.
• Participate in corporate initiatives and projects as necessary to ensure BSA-related vendor relationships and system implementations are compliant.

People Leadership, Training & Team Management

• Manage, develop, and lead all aspects of the BSA Team of BSA/AML Analysts.
• Complete annual Credit Union compliance training and other training as required for BSA and the Privacy Act.
• Represent and uphold the Achieva Brand Frame.
• Champion initiatives that position the Credit Union as a top employer through leadership, integrity, and service excellence.
• Perform all other essential functions as needed, assigned, or delegated.
• Travel may be required on occasion.
• Work flexible hours including evenings, weekends, and holidays to meet member and business demands.