Branch Manager, City of Boston Credit Union, Boston, MA - Cooperative Credit Union Association

Description

BSA Manager, City of Boston Credit Union, Boston, MA** City of Boston Credit Union is seeking to hire a Bank Secrecy Act (BSA) Manger to oversee the daily operations of the Credit Unions Bank Secrecy Act and Anti-Money Laundering (BSA/AML) compliance program.

The BSA Manager reports to the Chief Compliance Officer.
**The BSA Manager will protect the safety and soundness of the Credit Union from a BSA/AML/Risk perspective. The BSA Manager develops, implements, administers, and monitors all aspects of the BSA/AML program, while also managing the day-to-day BSA team and functions. The BSA Manager will be responsible for identifying emerging BSA/AML/Office of Foreign Assets Control (OFAC) risks and ensuring that proper controls, procedures, and training are in place to help mitigate these risks.

• Ensure the Credit Union complies with all applicable Federal & State laws and regulations along with the Credit Unions policies & procedures as it pertains to BSA/AML.
• Stay abreast, through training, or regulatory notice of BSA/AML guidance changes and lead the implementation of those changes impacting the Credit Union.
• Maintains strong knowledge of Credit Union operations, products & services as they pertain to the Credit Unions risk profile.
• Develop, revise and review Credit Union policies, procedures, disclosures, notices and forms to comply with legislative and regulatory changes or new requirements as it pertains to BSA/AML.
• Prepare the annual BSA Risk Assessment and required policy updates.
• Use Verafin (or other anti-money laundering software/vendor) and COCC core software, including identifying system issues (and internal testing), coordinating periodic software upgrades and researching updates and improvements provided by BSA software vendor.
• Responsible for daily monitoring of alerts processing and case reviews and analysis of various reports and transaction data to identify trends, unusual or suspicious activity, and/or significant changes in account activity.
• Manage the CUs member due diligence and enhanced due diligence program. Ensure members are appropriately risk rated. Maintain the list of high-risk members and assist with ongoing monitoring reviews. Review Currency Transaction Report (CTR) processing to ensure completeness, accuracy, timeliness and compliance to FinCEN changes.
• Review SARs if prepared by BSA Analyst for complete, accurate, well-documented Narratives and timely filings. Complete Enhanced Due Diligence (EDD) quarterly reviews of the Credit Unions high-risk customers. Perform research, analysis and investigation of the entire customer relationship documenting results for the review.
• Comprehends and articulates the impact of regulatory compliance changes and implements processes to minimize AML/BSA risk.
• Prepare documentation and reports as needed for the board, and executive and senior management.
• Participates on projects that affect AML/BSA/Risk. Determines how regulatory changes impact BSA/AML systems and work with internal team members to find solutions to alleviate manual work.
• Develops, coordinates, and facilitates BSA/AML/OFAC training for all Credit Union personnel/departments including Annual Board of Directors Training requirement.
• Performs quality control testing employing various methods such as data analysis, observation, interviews, or other investigative techniques.
• Successfully manages and oversees the BSA System validation and BSA Program testing Audits. Manage BSA/AML compliance audits and exams process.
• Coach, mentor, and support BSA analyst staff, as needed. Assist in hiring, completing performance evaluations and performance improvement plans, as needed.

**5 year or more years of direct experience as a BSA Officer in a financial institution.

• Bachelors degree, preferably in business, finance, accounting, risk management or a related field, from an accredited college/university.
• Basic knowledge of credit union administration, lending, and operations products & services; related state and federal laws and regulations and other banking industry operational policies and procedures.
• Ability to gather, compile and present data in a clear and logical manner.
• Ability to manage multiple priorities and complete all in a timely and efficient manner.
• Ability to proactively identify and assess potential concerns and risks.
• Must be detail-oriented, self-motivated, and able to function with minimal supervision, and flexible enough to work within a team environment as required
• Verafin AML Software and COCC core software experience a plus.
• Microsoft Office Suite (Word, Excel, Outlook, PowerPoint) proficiency is preferred.

**COM or mail resume to: City of Boston Credit Union, Attention: BSA Manager Position, 1 Union Street, 3rd Floor, Boston, MA 02108
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