Manager - Bank Secrecy Act / AML or Sr (Depending on Experience) (Finance)
Company Description
Ent Credit Union exists to improve the financial quality of life of the people we serve. This mission drives us every day, but we are more than our mission. We're also individuals using our unique abilities to make our organization, and the communities we serve, better than they were yesterday. We're a not-for-profit that puts people above profits and actively invests in our community. Our rapidly growing team is expanding our reach to serve more people throughout Colorado. To spread our mission far and wide, we need people like you. If you're interested in a paycheck with a purpose, apply with us today. Our people make the difference, and we truly believe you are our greatest asset.
Job Description
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.
- 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.
Qualifications
Minimum Formal Qualifications for the Manager-Bank Secrecy Act/AML Position:
- Bachelor's Degree Forensic Accounting, Economic Crime Investigation, Cybercrime, and/or related field of study.
- 7+ years' experience in the BSA Regulatory field or similar. Required.
- 1+ years' in a supervisory role. Required.
- Bachelor's Degree Forensic Accounting, Economic Crime Investigation, Cybercrime, and/or related field of study.
- 8+ years' experience in the BSA Regulatory field or similar. Required.
- 2+ years' in a supervisory role. Required.
Technical or Specialized Knowledge/Skills:
- Extensive knowledge of the mechanisms, means, practices, and technology by which fraud occurs, is recognized, and is prevented within the financial services industry.
- Possess strong investigative skills.
- Demonstrated problem-solving ability and consistent, logical, and effective decision-making.
- Excellent interpersonal, written, and verbal communication skills.
- Strong knowledge of collection and bankruptcy laws.
- Strong knowledge of depository processes and procedures.
- Strong knowledge of compliance for subpoenas and BSA.
- Product knowledge (ATM, Debit, Checking & Savings).
- Ability to develop and cultivate as a liaison with other financial institutions and law enforcement, vendors, etc.
- Proven time management and organizational skills with the ability to manage multiple and diverse ongoing projects.
- Demonstrated supervisory skills.
- Ability to work with all levels of the organization.
- Proficiency with personal computers and spreadsheets/word processing software to include Word, Excel, PowerPoint, Outlook as well as experience in computer-aided.
- Advanced knowledge of the Bank Secrecy Act/AML/CFT and FinCEN guidance.
- Ability to be approachable by the team and lead by example.
- Certified Anti-Money Laundering Specialist (CAMS) Upon Hire, Required
- Bank Secrecy Act Certification (BSAC) Certified Anti-Money Laundering Professional (AMLP) within 1 Year, required
- Certified Anti-Money Laundering Specialist (CAMS) Upon Hire, Required
- Bank Secrecy Act Certification (BSAC) Certified Anti-Money Laundering Professional (AMLP) within 1 Year, required
- Certified Fraud Examiner (CFE), Certified Fraud Specialist (CFS), Certified Financial Crimes Investigator (CFCI) Preferred.
- Standing - Occasionally
- Walking - Occasionally
- Sitting - Frequently
- Lifting - Rarely (40 Lbs)
- Carrying - Rarely
- Pushing - Rarely
- Pulling - Rarely
- Balancing - Rarely
- Stooping - Rarely
- Kneeling - Rarely
- Crouching - Rarely
- Crawling - Rarely
- Reaching - Occasionally
- Handling - Occasionally
- Grasping - Occasionally
- Feeling - Occasionally
- Talking - Frequently
- Hearing - Frequently
- Repetitive Motions - Frequently
- Eye/Hand/Foot Coordination - Occasionally
- Noises louder than normal speaking volume - Occasionally
- Temperature Changes - Rarely
- Atmospheric Conditions - Rarely
Additional Information
The pay range for the Manager-Bank Secrecy Act/AML Position is: $107,016 to $118,289 per Year (S17)
The pay range for the Manager-Bank Secrecy Act/AML Senior Position is: $130,228 to $143,956 per Year (S18)
Final compensation for this position will be determined by various factors such as relevant work experience, specific skills and competencies, education, certifications, and internal pay equity.
This position is eligible for our corporate bonus program based on company performance.
Benefits Summary Sheet
At Ent Credit Union, we offer a comprehensive benefits package, including:
- Health Benefits: Affordable insurance, 24/7 doctor access, and a nationwide provider network.
- 401(k): 3% automatic contribution after three months, plus up to 6% matching.
- Paid Time Off: During your first year, enjoy 16 days of paid time off (PTO) plus 9 paid holidays. And it grows from there.
- Volunteer Time Off: Paid time off to give back to the community.
- Education Support: Up to $10,000 annually for higher education and assistance for certifications.
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Exclusive Discounts: Significant savings on home, car, and personal loans.
For more information about our outstanding benefits please visit our careers page at www.ent.com/careers.
We anticipate this position to close on 04/02/2025. Please submit your application at your earliest convenience to be considered.
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)
