Supervisor, BSA/AML Analysis & Risk

Company: Navy Federal Credit Union
Location: San Diego
Posted on: May 17, 2025

Job Description:

Overview

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To supervise the day to day BSA/AML risk assessment operations, compliance analyses and projects across the enterprise in compliance with Navy Federal's BSA/AML Compliance Program. To assist the Manager, BSA/AML Compliance with the development of an enterprise wide education, communications strategy to ensure timely adherence and updates/revisions to business unit operating processes to comply with the latest regulatory changes.

Responsibilities

Supervises the operations of the BSA/AML Analysis and Risk Section to ensure efficiencies/effectiveness.
Supervises the daily workload and schedule of staff by reviewing project priorities, work in progress, compliance to statutory and internal/external audit deadlines, and required internal/external reports and filings
Reviews analyses and reports from staff analysts and audits to determine if additional measurements, programs, and modifications are required to reduce Navy Federals' financial risk
Oversees the risk analysis processes of member transactional and behavioral data to identify trends related to the movement of funds, unusual and/or changes in transactional activity
Responds to requests from Financial Crimes Enforcement Network (FinCEN) and law enforcement for information related to statutory filings and prepares responses to federal and state regulatory agencies
Monitors system performance and recommends enhancements to new and current automated processes to support, streamline and improve Section responsibilities, accuracy, and responsiveness
Oversees record retention and maintenance of documents according to statutory requirements
Participates in developing section budget, systems, and training requirements
Oversees the development and analysis of BSA/AML Compliance and Programs.
Provides primary staff support to the SVP, Security and Manager, BSA/AML Compliance for projects, studies, reports, and analyses
Supervises the planning, schedules, timelines, metrics, and reporting process and procedures to comply with BSA, USA PATRIOT Act, Office of Foreign Asset Control (OFAC) and other anti-money laundering (AML) and counter-terrorist financing (CTF) regulations
Provides direction and leadership on projects relating to BSA/AML and OFAC compliance enterprise-wide and leads teams to implement new or changed compliance requirements
Conducts board-approved periodic BSA/AML and OFAC risk assessments and ongoing internal compliance reviews
Analyzes operational activities and issues relating to interpretation and impact of the BSA, USA PATRIOT Act, and OFAC on Navy Federal processes and recommends necessary modifications to operations and processes.
Supervises the analysis and development of automated systems and compliance program requirements.
Defines specifications for automated systems enhancements and business recovery, assesses the accuracy of deliverables, determines training and communications requirements
Conducts BSA/AML risk assessments, and develops, tests, and implements suspicious activity and risk rule scenarios for detection of possible money-laundering and terrorist financing activities; ensures these scenarios are in keeping within regulatory requirements, appropriate operational controls are established and Navy Federal's BSA/AML risk profile is not compromised
Acts as liaison with external vendors and ISD to research and resolve BSA application issues.
Assists the Manager, BSA/AML Compliance with the development of an enterprise wide BSA/AML and OFAC educational and communication strategy.
Provides insight and recommendations in the development of a BSA/AML and OFAC training and communication strategy to address current and future industry and regulatory compliance changes
Reviews current processes and procedures to ensure timely, auditable, accurate and proactive compliant responses from Navy Federal and appropriate personnel
Identifies and evaluates compliance weaknesses that require additional targeted training and communications
Consults with internal customers to conduct training needs analyses; recommends, designs, and implements appropriate training solutions
Oversees the development, evaluation, dissemination, and documentation of the training program materials
Collaborates with Manager, e-Learning, and other business unit training areas to develop new training programs, identify and coordinate training needs or modifications for specific functional areas and/or enterprise-wide BSA training
Serves as point-of-contact for regulatory examinations and internal policy clarification.
Performs supervisory duties:
Selects employees, prepares, and conducts performance appraisals, ensuring adequate staffing, oversees employee training and development to include coaching and mentoring
Establishes staff objectives, standards, strategies, and priorities; ensures operations, records and documentation are current with industry regulations and aligned with best practices
Assists management team on NCUA regulatory examinations and independent audits conducted by Internal Audit
Represents BSA/AML Compliance Branch on cross-department/division projects and task groups.
Performs other related duties as required or appropriate

Qualifications

Strong knowledge of the BSA, USA PATRIOT Act, and OFAC, and their associated requirements
Extensive experience in compliance and project management positions with broad exposure to regulations interpretation, compliance implementation, risk assessment analysis, administration, and communications
Supervisory and/or leadership experience that demonstrated the ability to make well thought-out/prompt decisions, prioritize projects, articulate logical and effective solutions and procedures, integrity, and initiative
Demonstrated ability to assimilate, interpret, communicate clearly and effectively technical and complex laws, policies and procedures and data using verbal, written and presentation methodologies
Ability to interact effectively with vendors, regulatory agencies and all levels of management
Proficiency with operating systems and PC applications, specifically project management tools, word processing software, spreadsheet and database applications
Experience designing, developing and managing instructional and informational training
Experience with web-based learning environments and web course management systems
Strong organizational, research, analytical and problem solving skills
Bachelor's Degree in a related field or the equivalent combination of training, education, and experience

Desired Qualifications

Knowledge of Navy Federal business operations, policies, and procedures
Certified Anti-Money Laundering Specialist (CAMS) certification
College degree in Business Administration or related field

Hours: Monday - Friday, 8:00AM - 4:30PM

Locations: 820 Follin Lane, Vienna, VA 22180 - 5550 Heritage Oaks Drive, Pensacola, FL 32526 - 141 Security Drive, Winchester, VA 22602 - 9999 Willow Creek Road, San Diego, CA 92131

About Us

Navy Federal provides much more than a job. We provide a meaningful career experience, including a culture that is energized, engaged and committed; and fierce appreciation for our teams, who are rewarded with highly competitive pay and generous benefits and perks.

Our approach to careers is simple yet powerful: Make our mission your passion.

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From Fortune. -2024 Fortune Media IP Limited. All rights reserved. Used under license. Fortune and Fortune Media IP Limited are not affiliated with, and do not endorse products or services of, Navy Federal Credit Union.

Equal Employment Opportunity: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected Veteran.

Hybrid Workplace: Navy Federal Credit Union is a hybrid workplace, and details will be discussed during your interview process.

Disclaimers: Navy Federal reserves the right to fill this role at a higher/lower grade level based on business need. An assessment may be required to compete for this position. Job postings are subject to close early or extend out longer than the anticipated closing date at the hiring team's discretion based on qualified applicant volume. Navy Federal Credit Union assesses market data to establish salary ranges that enable us to remain competitive. You are paid within the salary range, based on your experience, location and market position

Bank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.

Keywords: Navy Federal Credit Union, San Bernardino , Supervisor, BSA/AML Analysis & Risk, Other , San Diego, California