Bank Secrecy Act Assistant Manager

Position Summary:

The BSA Assistant Manager works under the supervision of the BSA Manager and is responsible for the operations of Bank Secrecy Act/Anti-Money Laundering (BSA/AML) and Office of Foreign Assets Control (OFAC) activities within the department and in coordination with other areas in accordance with the Credit Union's mission statement and strategic plan. Work involves execution and oversight of a comprehensive BSA and OFAC program to ensure compliance with applicable rules and regulations. The position also assists in the supervision of BSA employees including interviewing and hiring, training, coaching, and performance evaluation.

Work Location - This position is a hybrid working arrangement. Expectation is to be onsite a minimum of 1-2 days per week at our Headquarters in East Lansing, MI.

Schedule - Monday-Friday 8:30am-5:00pm Eastern Standard Time; Additionally, having flexibility to support team/answer questions during standard department hours as needed.

An offer of employment with MSU Federal Credit Union and affiliates is contingent upon the agreed work arrangement (onsite/hybrid/remote) and work location. MSU Federal Credit Union may or may not be able to accommodate temporary or permanent changes to work arrangements or allow employment outside the city and/or state of residency in which the new hire resides at the time of offered employment.

Benefits:

• 100% Company-Paid Health, Dental, Vision, Life, and Long-Term Disability Premiums
• Up to 26 days of PTO within your first year, as well as Volunteer Time Off & 11 Paid Holidays
• 401(k) with a company match
• Tuition Reimbursement
• Up to 12 Weeks of Paid Parental Leave
• Learn more about our benefits here

Essential Duties & Responsibilities:

• Conduct quality control reviews of all BSA Specialists' tasks, ensuring compliance with all BSA requirements, and provide corrective action when necessary.
• Support the team in the daily compliance task related to the Bank Secrecy Act (BSA) and Office of Foreign Assets Control (OFAC).
• Provide employee feedback to department managers outside of BSA.
• Oversee the ongoing development and maintenance of BSA and OFAC compliance procedures and assist in creating compliance training materials.
• Serve as a resource to provide BSA and OFAC compliance advice and guidance to all Credit Union employees.
• Provide written reports regarding the status of the Credit Union's compliance with BSA and OFAC rules and regulations to senior management and the Board of Directors.
• Track and analyze legislative and regulatory changes related to BSA and OFAC, assessing their potential impact on the Credit Union's risk. Report key compliance updates to BSA Management.
• Foster and promote a culture of risk awareness and accountability. Understand the Credit Union's policies and procedures to ensure compliance and accountability for managing operational risks. Adhere to established internal controls and procedures to safeguard assets, prevent fraud, and maintain the integrity of credit union operations.
• Perform other duties as assigned

Job Requirements:

• This position requires a bachelor's degree in a business-oriented or legal discipline
• Prior experience in leading others is required; - OR must have completed or be actively enrolled in a Credit Union leadership program.
• Prior experience working in BSA, Financial Crimes, Compliance, or industries related to financial laws and regulations affecting credit unions is preferred
• Prior experience in financial institutions is preferred
• One or more relevant certifications preferred or ability to obtain upon hire (e.g. Certified Anti-Money Laundering Specialist (CAMS), Certified BSA/AML Professional (CBAP), Certified financial Crime Specialist (CFCS), or similar)

Competencies:

• Core Competencies that must be demonstrated by all Credit Union employees include Communicate, Navigate Change & Evolve, Solve Problems & Make Decisions, Plan, Prioritize, and Achieve, and Collaborate.
• Leadership Competencies must be demonstrated, be committed to, and be developed by all Credit Union leaders include Lead Self, Lead Others and Lead Outcomes.
• Functional Competencies:
  
  
  
  • Digital Literacy: Adopts, effectively uses, and champions new technology. Understands and shares technological information used within the position.
  • Time Management: Manages time and resources to ensure that work is completed efficiently.
  • Initiative: Takes proactive and prompt action to accomplish work goals. Takes action to achieve results beyond requirements.
  • Research: Investigates and studies sources to understand situations before reaching conclusions or acting.
  • Change Management: Adjusts thinking and behavior to resiliently face change and uses experience to fuel growth. Enables the process of change and transition while helping others deal with its effects. Displays self-awareness of their personal reaction to change and regulates their response. Acts as a change champion, communicating the why behind the change and aligning with organizational direction.
  • Detail Oriented: Ensures information is complete and accurate. Adheres to processes as outlined. Follows up to ensure quality and completion of work.
  • Mentorship: Helps others build awareness, confidence, and resources necessary to fulfill their potential, regardless of reporting relationship.
  • Meeting Facilitation: Objectively guides a group to achieve defined goals, enable collaborative knowledge transfer, and encourage participation
  • Empathy: Seeks to understand and respect others' perspectives and emotions. Imagines what others might be thinking or feeling.
  
  
  
  

Physical Demands & Work Environment:

• May be required to remain in a stationary position for an extended period.
• Ability to operate standard office technology, equipment, and tools, which may include many hours of computer and phone usage.
• Occasionally needs to move about inside of an office area.
• Exposure to potentially hazardous condition, i.e. robbery. Receives detailed instructions and procedures to be followed to minimize the exposure.
• This position can work in hybrid or onsite working arrangements.

Disclaimer:

• Please note this job description is not intended to be construed as an exhaustive list of all functions, responsibilities, skills, and abilities. Additional functions and requirements may be assigned by supervisors as deemed appropriate. This document does not represent a contract of employment, and MSU Federal Credit Union reserves the right to change this position description and/or assign tasks for the employee to perform, as MSUFCU may deem appropriate.
• MSUFCU is an affirmative-action, equal-opportunity employer.
• To perform this job successfully, an individual must be able to perform each essential job duty satisfactorily. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform essential job functions.