Bank Secrecy Act, Manager

Description

NOTICE: JOB APPLICANTS LIMITED TO DC, MD, OR VA RESIDENTS. POSITION IS HYBRID. Please note that we are exclusively considering applicants residing in the District of Columbia, Maryland, or Virginia for all open positions.

Be part of Lafayette Federal Credit Union, recognized by USA Today as a Top Workplace for three consecutive years (2024–2026)

We are expanding and looking for exceptional talent to support our members and contribute to our reputation as an employer of choice. Be a key player in our mission to become the premier financial partner for our community. Your skills and dedication are essential to our success.

Lafayette Federal may have the perfect opportunity for you! We are currently seeking a Bank Secrecy Act, Manager to join our dynamic team!

About Us

Our Difference:

What makes Lafayette Federal cutting-edge? Lafayette Federal Credit Union is not only a great place to bank, but also a great place to work! We have been recognized nationally by (1) Newsweek’s America’s Best Bank’s list, (2) we’ve received a 5-star rating from Bauer financial, and (3) we’ve also ranked #12 in S&P Global’ s Top Performing Credit Union’s in 2022 for the second year in a row!

Our Culture

Lafayette Federal is about inclusion, diversity, high performance, and new opportunities. Teamwork and our sense of community also make Lafayette Federal a great place to work. Each person is valued for his or her unique set of skills. We share a common devotion to the people we serve, participating in charity events throughout each year and giving back to the community.

Our Opportunities

Professional development, training, and certification is a priority for our employees. We want you to reach your career goals and provide support that leads to opportunities of advancement within the industry.

About The Role

We are currently seeking a Bank Secrecy Act, Manager to be responsible for the overall management, administration, and ongoing effectiveness of the Credit Union’s Bank Secrecy Act (BSA), Anti-Money Laundering (AML), and OFAC Compliance Program. This role ensures compliance with all applicable regulatory requirements, supports enterprise risk management objectives, and serves as a key advisor to senior management on financial crime risk and trends.

Requirements

A day in the life of a BSA Manager will include:

• Managing and maintaining the Credit Union’s BSA/AML and OFAC Compliance Program in accordance with the Bank Secrecy Act, USA PATRIOT Act, FinCEN guidance, and other applicable laws and regulations. Monitor regulatory changes, enforcement actions, and emerging financial crime trends; assess impact and recommend program enhancements as needed. enhancements as needed. Ensure policies, procedures, and internal controls remain current, effective, and aligned with the Credit Union’s risk profile.
• Overseeing transaction monitoring and case investigations generated by the Credit Union’s AML monitoring systems. Reviewing and approving Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs), ensuring accuracy, timeliness, and regulatory compliance. Ensuring appropriate documentation, escalation, and retention of investigative records.
• Serving as primary administrator and subject-matter expert for the Credit Union’s AML monitoring systems (e.g., Patriot Officer or comparable platforms). Ensuring system parameters, rules, and thresholds are appropriately calibrated and periodically validated. Coordinate with vendors and internal stakeholders on system updates, tuning, and issue resolution.
• Leading the BSA/AML risk assessment process, including identification of inherent risks, evaluation of mitigating controls, and documentation of residual risk. Support independent testing, regulatory examinations, and internal audits; manage responses and corrective action plans. Providing regular BSA/AML reporting to senior management and committees, including key risk indicators, trends, and program metrics.
• Managing responses to law enforcement requests, including FinCEN 314(a) information-sharing requests.

Experience And Education

• Three years to five years of similar or related experience.
• (1) A two-year college degree, or (2) completion of a specialized certification or licensing, or (3) completion of specialized training courses conducted by vendors, or (4) job-specific skills acquired through an apprenticeship program. AML Certification preferred or willingness to obtain.
• Understanding of Anti-Money Laundering systems such as Patriot Officer, Bridger, LexisNexis.
• Basic PC skills, Microsoft suite of software, i.e. Outlook, Word, Excel
• General knowledge of core banking system and departmental processes. General knowledge of credit union products and services

Top Benefits Or Perks

Joining Lafayette Federal comes with perks to support you in your personal and professional journey.

We Provide Employees With a Generous Benefits Package Including

• Employer paid (99.9%) health insurance premium for single and family coverage (HMO Plan)
• Fully funded deductible (HMO Plan)
• 401k employer matching contribution
• Income protection with life insurance, short and long-term disability
• Paid time off, holiday leave & birthday leave
• Educational assistance
• Commuter benefits program and more!

Pay: $85,000 - $100,000 annually depending on experience and qualifications.

The job posting highlights the most critical responsibilities and requirements of the job. It is not all-inclusive. There may be additional duties, responsibilities, and qualifications for this job.

• Lafayette Federal Credit Union is an Equal Opportunity and E-Verify Employer
• EOE/AA/DISABILITY/VETERAN