Job Summary  

The BSA / AML Team Lead function will oversee compliance with anti-money laundering (AML) and Bank Secrecy Act (BSA) regulations within our organization. The BSA/AML Team Lead works closely and in collaboration with the Director of BSA. This role is responsibilities include developing policies, procedures, and controls to mitigate financial crimes risks, leading investigations into suspicious activities, and coordinating law enforcement agencies. This role will conduct quality control testing on the BSA program work completed by the BSA/AML Compliance Department. This role will offer on-the-spot coaching and feedback to the team.  

Duties and Responsibilities 

• Demonstrate a proficiency in the investigative process by ensuring investigations are effectively managed from end to end through the collection of evidence, conducting interviews, creation of reports, graphs, etc., maintaining accurate and complete notes of the investigation stages, and the submission of accurate and timely Suspicious Activity Reports (SAR). Provide workload support when needed. 
• Evaluates case investigations, alert dispositions, other department reviews, and daily tasks to ensure consistency and accuracy in accordance with regulatory requirements, policy, and procedures. 
• Responsible for conducting quality control of all Suspicious Activity Reports (SAR) or other related job tasks. 
• Responsible for the review of subpoenas or any other law enforcement requests submitted to the credit union as well as a log tracking requests.  
• Provide on the spot coaching to BSA/AML Investigators for identified findings for continued high quality work.  
• Assist in the development of new and/or updated policies and procedures related to BSA, AML, OFAC and the USA Patriot Act. 
• Assist in training opportunities with credit union employees on BSA/AML related items.   
• Provide reporting to the Director of BSA/AML of effective and efficiencies of the BSA Department, as well as aid in monthly board reporting.  
• Write and submit to the Director of BSA/AML required memos outlining changes, enhancements, or potential opportunities.  
• Make and track account closing recommendations based on account activity. 
• Act as one of the CACU’s liaisons for 314(b) information sharing requests. Ensure registration is completed annually with FinCEN. 
• Communicate to management any system issues or changes to existing or new functionality in relation to the FRAML system and other systems utilizes by the BSA Department.  
• Perform ATL/BLT testing for system tuning and optimization to ensure transaction monitoring models and thresholds are effective. 
• Perform system validations on a daily, monthly, and annual basis. 

Education and Experience Requirements: 

• Bachelor’s degree in criminal justice or related field with a minimum of three years of experience in BSA/AML, fraud, or related activity.   
• 5-7 years of banking experience and a minimum of three years BSA/AML Investigator or advanced knowledge and understanding of filing Suspicious Activity Reports relating to BSA/AML violations can substitute for degree.   
• 3-5 years of previous experience writing and/or reviewing regulatory filings.  
• Certified Anti-Money Laundering Specialist (CAMS) or Certified AML & Fraud Professional (CAFP) certification or must be obtained within 2-years of employment.  

Required Knowledge, Skills and Abilities: 

• Strong analytical skills and attention to details 
• Thorough knowledge and understanding of Bank Secrecy Act and USA Patriot Act regulations. 
• Thorough knowledge and understanding of OFAC sanctions monitoring requirement. 
• Ability to build strong relationships throughout the credit union, business membership, law enforcement, and other outside agencies. 
• Ability to maintain confidential information. 
• Ability to self-initiate and work independently with limited supervision. 
• Excellent time management skills and the ability to work both independently and as a member of a team. 
• Comfortable presenting to both small and large groups of credit union employees 
• Strong written and oral communication skills. 
• Strong spreadsheet and word processing skills. 

Preferred Knowledge, Skills and Abilities: 

• Advanced degree or professional certifications Certified Anti-Money Laundering Specialist (CAMS), Certified Fraud Examiner (CFE) is preferred.  
• Familiarity with technologies and tools relevant to BSA/AML compliance 
• Proficient in data analytics, leveraging insights to provide support of the BSA program.