A local Credit Union based out of Long Island, NY is looking to hire a BSA/AML Manager to help with the daily management and development of AML and regulatory policies and procedures including banking cannabis-related businesses. This role would be under the supervision of the VP of Risk Management/Compliance and be performed on a hybrid basis.
Key Responsibilities:
- Identify BSA/AML/OFAC compliance risk and help to ensure that procedures, processes, and training are developed to mitigate these risks.
- Ensuring that regulatory reporting is conducted timely and accurately, including Currency Transaction Reports (CTRs), Suspicious Activity Reports (SARs), FinCEN 314(a) procedures and reporting.
- Act as liaison with NCUA examiners and independent audits of the BSA/AML/OFAC and CRB compliance programs.
- Serve as SME on escalated AML detection/investigative issues, and research and respond to BSA and OFAC compliance questions posed by Credit Union officers and staff.
- Conduct BSA/AML/OFAC risk assessments annually or as needed with consideration to products, services, members, and geographies that may present BSA/AML/OFAC risks.
Desired Qualifications:
- Knowledge of federal and state regulatory environments affecting Credit Union, such as BSA, SAFE in Mortgage Licensing Act, NCUA marketing standards, USA PATRIOT Act, Money Laundering Control Act, OFAC Regulations, and NYS Cannabis Banking regulations
- Knowledge of risk analysis techniques and theories, with a proficient understanding of regulatory environments affecting the financial industry
- Associate's Degree or 60 hours of postsecondary education hours required; Bachelor's Degree preferred
- Five (5) or more years of previous AML experience at a retail financial institution
- ACAMS Certification
Compensation Range: $80,000 - $100,000 base salary
