BSA/AML Manager

US-MI-Grand Rapids
ID
2017-3473
# of Openings
1
Type
Full Time
Category
Legal/Compliance/Audit

Overview

Lake Michigan Credit Union established in 1933 is one of the largest financial institutions in Michigan and one of the largest credit unions in the nation! For several years running, LMCU has earned inclusion as one of the 101 Best and Brightest Companies to Work For in West Michigan, Metropolitan Detroit and nationally!

This award is based on key metrics like communication, work-life balance, employee education, diversity, recognition, retention and many others. This award recognizes our efforts to build a strong, sustainable business presence without sacrificing employee benefits, growth or wellbeing.

As an employee, you'll enjoy a stimulating, professional atmosphere, supported by the latest technology, training and development. You will be encouraged to refine your existing skills in an environment of empowerment, gain new experiences, and progress to the limits of your own motivation. Our comprehensive benefit package for full-time employees includes health, dental, vision and life insurance, tuition assistance, 401(k) and pension plan options for retirement savings, paid volunteer time and paid time off that allows you to balance work and home life.

Position Overview:

The BSA/ AML Manager is responsible for providing oversight and management of all BSA related activities, including monitoring for BSA, OFAC, CIP, KYC, CDD, and USA PATRIOT Act. This includes, but is not limited to CTR reporting, OFAC validation, CIP determinations, transaction and account monitoring, and maintaining timely and accurate reports. This position will work with each department impacted, as neccessary to ensure regulatory requirements are addressed and incorporated into daily functions and written procedures.

 

Responsibilities

  • Oversees the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), USA PATRIOT Act, Customer Identification Program (CIP) and OFAC Compliance program. This role includes participating in account activity reviews for suspicious activity analysis, investigation and reporting, as well as setting parameters for completing these reviews.
  • Participates in account activity reviews for suspicious activity, investigation and reporting as well as setting parameters for completing these reviews.
  • Responsible for day-to-day BSA/AML monitoring activities, including managing workflow and process of reviewing and reporting large transaction activity, OFAC alerts, and identification concerns.  Prepares and presents reports of activity to VP of Compliance.
  • Responsible for maintaining AML software to ensure alerts and case workload are appropriate based on size and complexity of LMCU, member base, and locations. Directly assists VP Compliance in updating risk assessment and mitigating controls.
  • Creates, collaborates and conducts training for staff related to BSA compliance. Serves as liaison to training personnel and department managers to ensure procedures and training appropriately address and emphasize compliance expectations.

 

 

Qualifications

Preferred Education and Experience:

  • 5-8 years of similar or related experience.
  • College Degree and hold a Compliance related certification (CRCM, CAMS, BSACS, CFE).
  • Proficient interpersonal skills when communicating with others.
  • Good working knowledge of Symitar, Application Extender/OnBase, AML/BSA Software products and general computer skills.

 

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