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

• 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

• Minimum 7 years of experience in Compliance
• Working knowledge of NFCU products, services, programs, policies and procedures
• Working Knowledge of banking/financial industry trends, products and services
• ACAMS Certified