Lafayette Federal Credit Union

BSA Manager

Lafayette Federal Credit Union

full-time

Posted on:

Location Type: Hybrid

Location: Rockville • District of Columbia • Maryland • United States

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Salary

💰 $85,000 - $100,000 per year

About the role

  • 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
  • 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
  • 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

Requirements

  • Three years to five years of similar or related experience
  • A two-year college degree, or completion of a specialized certification or licensing, or completion of specialized training courses conducted by vendors, or 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.
Benefits
  • 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 !
Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools
BSA/AML compliancetransaction monitoringcase investigationsSuspicious Activity Reports (SARs)Currency Transaction Reports (CTRs)risk assessmentregulatory compliancedocumentationinternal controlsfinancial crime trends
Soft Skills
communicationleadershiporganizational skillsanalytical skillsproblem-solving
Certifications
AML Certificationtwo-year college degree