Supervisor, BSA/AML Investigations

Remote, WA

About BECU

BECU is Washington's largest credit union and one of the top five financial cooperatives in the country with over one million members.

We are a member-owned, not-for-profit financial institution committed to providing affordable and responsible financial services to residents of Washington State.

Since 1935, we have operated with the promise of returning value to our members in the form of better rates and fewer fees—staying true to the credit union guiding principle of "people helping people."

In the spirit of “people helping people,” BECU and employees are committed to community outreach in the areas of affordable housing, financial literacy, education support and the credit union movement.

Supervisor, BSA/AML Investigations

SUMMARY

The Supervisor, BSA/AML Investigations is responsible for overseeing the day-to-day operations of the Bank Secrecy Act and Anti-Money Laundering program to ensure compliance with all government regulations. This person will ensure required regulatory reporting is conducted properly. This person is also responsible for assisting with the customer and enhanced due diligence risk rating and monitoring programs as well as OFAC program, as needed and acts as a liaison with regulators and auditors with respect to BSA/AML and OFAC examinations and audits.

RESPONSIBILITIES

  • Perform all responsibilities in accordance with BECU Competencies, compliance, regulatory and Information Protection requirements.
  • Provide ongoing coaching, mentoring, and training to develop and encourage employee performance.  Meet with staff on a timely basis for the purpose of conducting performance.
  • Oversee day-to-day operations for BECU’s Bank Secrecy Act Program, USA Patriot Act, and Anti-Money Laundering monitoring.
  • Assist BSA/AML Management with annual risk assessment.
  • Assist BSA/AML Management with Office of Foreign Asset Control, Customer Identification Program and Enhanced Due Diligence Programs, as needed.
  • Conduct regular reporting to appropriate management on BSA/AML statistics, SAR filings and updates to remediation of any BSA/AML/OFAC audit and/or regulatory findings.
  • Establish and maintain appropriate SAR investigations, review and reporting processes that promote consistent decisions; thorough investigation and research; and complete and detailed documentation. Recommend procedural changes as necessary to appropriate departments.
  • Responsible for quality control, ensuring all required regulatory reporting is conducted in a timely, accurate, and compliant manner, including the filing of, SARs,) and 314(b) reporting.
  • Maintain ongoing awareness of current and upcoming changes to BSA/AML regulations and work with the BSA Compliance Officer and Sr Manager, BSA/AML Enforcement to ensure the credit union is properly positioned to meet those changes.
  • Act as a liaison with regulators and auditors with respect to BSA/AML and OFAC examinations and audits and oversee remediation of identified issues.
  • Ensure written procedures are well documented for all functions within the area of responsibility, and update as necessary, to provide staff with proper instructions and guidelines to conduct daily operations.
  • Perform additional duties as assigned.

QUALIFICATIONS

  • Bachelor’s degree in criminal justice or equivalent work or educational experience required.
  • Minimum five years of experience in a BSA/AML or Financial Crimes environment required. 
  • Minimum two years of supervisory or leadership experience required.
  • CAMS Certification (Certified Anti-Money Laundering Specialist) OR continuing education towards certification required.
  • Strong organizational, leadership and project management skills required.
  • Excellent verbal and written skills to effectively communicate and provide customer service required.
  • Full time hours required, with additional hours as necessary.