| Location | Vienna, VA |
Manage and direct Navy Federal's Risk Intelligence Unit (RIU) under leadership of the VP, BSA/AML & OFAC Compliance to lead the Know Your Customer / Enhanced Due Diligence Program workstreams. Assist with development of long- and short-term goals and strategic plans to support enterprise initiatives. Oversee the operations of a sustainable, effective, and efficient BSA/AML/CFT Compliance Program. Provide tactical, operational, and strategic support to VP, BSA/AML & OFAC Compliance. Direct report to VP, BSA/AML & OFAC Compliance who reports under the Chief Compliance Officer (COO).
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Equal Employment Opportunity: All qualified applicants will receive consideration for employment without regard to age, race, sex, color, religion, national origin, disability, veteran status, pregnancy, sexual orientation, genetic information, gender identity or any other basis protected by applicable law.
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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. For additional details regarding compensation and benefits, review the Benefits page of the Navy Federal Career Site.
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Bank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.
Superb people management skills, including but not limited to:
Superb skills exercising initiative and using good judgment to make sound decisions
Superb skills in results-oriented leadership in a challenging environment
Extensive experience in working with all levels of staff, management, stakeholders, vendors
Extensive experience in change management processes including strategies, business processes, education and communication
Proven experience in successfully leading large projects/initiatives which have business risk and impact
Extremely effective skills in managing multiple priorities independently and/or in a team environment to achieve goals
Advanced knowledge of Bank Secrecy Act, USA Patriot Act, and associated requirements
Extensive experience in compliance roles having broad exposure to law enforcement, regulations interpretation, compliance implementation, risk assessment analysis, regulatory audits, administration, and communications
Superb research, analytical, and problem-solving skills
Superb skills in presenting findings, conclusions, alternatives and information clearly and concisely
Superb word processing and spreadsheet software skills
Superb database and presentation software skills
Desired Qualifications
Additional Information
Hours:
Location:
820 Follin Lane, Vienna, VA 22180
Expertly perform supervisory/managerial responsibilities over the Risk Intelligence Unit (RIU), which currently includes approximately 45-50 people, to:
Ensure a clear strategic and operational vision
Ensure adequate/skilled staffing; selection and placement of employees
Establish performance goals and priorities
Prepare, conduct, and review performance appraisals
Develop, mentor and counsel employees
Ensure accountability for personnel work-product and performance metrics
Ensure personnel morale and well-being
Provide input and/or prepare budget requirements for Annual Financial Plan (AFP)
Ensure section/branch goals and objectives align with division/department strategy
Ensure efficiency of operations and look for opportunities to improve procseses
Perform other related duties as assigned or appropriate
Expertly manage Navy Federal's BSA/AML Compliance functions in accordance with the Federal Financial Institutions Examination Council (FFIEC), and state and federal regulations
Lead Navy Federal's BSA/AML/CFT Operations including Customer Identification Program (CIP), Customer Risk Rating (CRR) Program, Know Your Customer (KYC) Program and related due diligence risk reviews (e.g., CDD and EDD), implementation of controls and reporting metrics, and the interaction with currency transaction reports (CTRs), suspicious activity reports (SAR), and other related regulatory reports
Manage/actively monitor BSA/AML/CFT models, such as those developed to risk rate membership,and monitoring systems ensuring adherence to best practices, and timely, proactive, accurate identification/detection of risk activities
Interpret BSA/AML/CFT risk assessments and 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 guidance, including for instance, any related to the Anti-Money Laundering Act of 2020, other Executive Orders, and FinCEN FAQs or Advisories, among others
Oversee interpretation and implementation of change management impact on operations, systems, processes and staff
Build collaborative relationships and liaise with external regulatory agencies and law enforcement regarding requests for information, communication of alerts, issue resolution and response, and best practices
Serve as point of contact on internal and external regulatory examinations, and work collaboratively with internal partners/counsel, as necessary, to fully remediate and address examine findings
Manage vendor relationships to ensure product service and quality
Determine gaps in performance metrics, and recommend/execute change management techniques for efficiency/quality performance improvements
Monitor, identify, and timely and appropriately respond to high-risk customer/activities impacting Navy Federal members, services, and financial assets
Collaborate with Navy Federal's technology team (ETS) to integrate, develop, and maintain key department automated systems, notably the BSA/AML monitoring tool, including tuning; Anticipate issues and quickly work with ETS to remediate issues with short-term and long-term solutions, as appropriate, to ensure regulatory compliance
Collaborate with Navy Federal onboarding teams (Business Solutions, Savings and Membership, Contact Center, Branch, etc.) to ensure appropriate customer and product risk ratings, due diligence, and ongoing due diligence based on risk
Define specifications for and assist in evaluating automated systems enhancements
Consider forward strategies and planning to ensure the BSA/AML Program continues to meet Navy Federal's membership growth, geography and products, as well as respond to emerging threats
Provide counsel and advice to the internal BSA/AML and OFAC Compliance team as well as business unit managers and project leaders on BSA/AML and OFAC compliance matters and processes
Be a key contributor to the development of an enterprise-wide BSA/AML education and training strategy through collaboration with BSA/AML & OFAC Compliance's training team, Navy Federal e-Learning, and other business unit training areas for enterprise or targeted business groups; strive for consistent application of BSA/AML policies, procedures across 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
Assess cross functional impact of business process or product changes to BSA/AML processes and rules
Expertly perform supervisory/managerial responsibilities over the Risk Intelligence Unit (RIU), which currently includes approximately 45-50 people, to:
Ensure a clear strategic and operational vision
Ensure adequate/skilled staffing; selection and placement of employees
Establish performance goals and priorities
Prepare, conduct, and review performance appraisals
Develop, mentor and counsel employees
Ensure accountability for personnel work-product and performance metrics
Ensure personnel morale and well-being
Provide input and/or prepare budget requirements for Annual Financial Plan (AFP)
Ensure section/branch goals and objectives align with division/department strategy
Ensure efficiency of operations and look for opportunities to improve procseses
Perform other related duties as assigned or appropriate
Expertly manage Navy Federal's BSA/AML Compliance functions in accordance with the Federal Financial Institutions Examination Council (FFIEC), and state and federal regulations
Lead Navy Federal's BSA/AML/CFT Operations including Customer Identification Program (CIP), Customer Risk Rating (CRR) Program, Know Your Customer (KYC) Program and related due diligence risk reviews (e.g., CDD and EDD), implementation of controls and reporting metrics, and the interaction with currency transaction reports (CTRs), suspicious activity reports (SAR), and other related regulatory reports
Manage/actively monitor BSA/AML/CFT models, such as those developed to risk rate membership,and monitoring systems ensuring adherence to best practices, and timely, proactive, accurate identification/detection of risk activities
Interpret BSA/AML/CFT risk assessments and 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 guidance, including for instance, any related to the Anti-Money Laundering Act of 2020, other Executive Orders, and FinCEN FAQs or Advisories, among others
Oversee interpretation and implementation of change management impact on operations, systems, processes and staff
Build collaborative relationships and liaise with external regulatory agencies and law enforcement regarding requests for information, communication of alerts, issue resolution and response, and best practices
Serve as point of contact on internal and external regulatory examinations, and work collaboratively with internal partners/counsel, as necessary, to fully remediate and address examine findings
Manage vendor relationships to ensure product service and quality
Determine gaps in performance metrics, and recommend/execute change management techniques for efficiency/quality performance improvements
Monitor, identify, and timely and appropriately respond to high-risk customer/activities impacting Navy Federal members, services, and financial assets
Collaborate with Navy Federal's technology team (ETS) to integrate, develop, and maintain key department automated systems, notably the BSA/AML monitoring tool, including tuning; Anticipate issues and quickly work with ETS to remediate issues with short-term and long-term solutions, as appropriate, to ensure regulatory compliance
Collaborate with Navy Federal onboarding teams (Business Solutions, Savings and Membership, Contact Center, Branch, etc.) to ensure appropriate customer and product risk ratings, due diligence, and ongoing due diligence based on risk
Define specifications for and assist in evaluating automated systems enhancements
Consider forward strategies and planning to ensure the BSA/AML Program continues to meet Navy Federal's membership growth, geography and products, as well as respond to emerging threats
Provide counsel and advice to the internal BSA/AML and OFAC Compliance team as well as business unit managers and project leaders on BSA/AML and OFAC compliance matters and processes
Be a key contributor to the development of an enterprise-wide BSA/AML education and training strategy through collaboration with BSA/AML & OFAC Compliance's training team, Navy Federal e-Learning, and other business unit training areas for enterprise or targeted business groups; strive for consistent application of BSA/AML policies, procedures across 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
Assess cross functional impact of business process or product changes to BSA/AML processes and rules