Along with the key functions listed below, this position will be expected to uphold the value that Washington Federal places on simply being nice when servicing our co-workers and clients.
Coordinate and oversee an effective BSA/AML Program that is in line with industry best practices, regulatory guidance and requirements.
Administer and enhance as appropriate the BSA/AML/OFAC/USA Patriot Act monitoring systems to ensure that appropriate parameters are in place to identify suspicious and/or fraudulent activity.
Directly manage BSA/AML personnel, ensuring adherence to Washington Federal policies and procedures, and exhibiting Washington Federal’s core values.
Establish and maintain an effective CDD/EDD risk rating and monitoring program to include initial and ongoing assessments, and review and analysis of unusual/suspicious account activity.
Establish and maintain appropriate and thorough Suspicious Activity Reports (“SARs”) investigation, review and reporting processes that promote consistent decisions and complete and detailed documentation.
Conduct BSA/AML/OFAC risk assessments annually or as needed with consideration to products, services, customers, and geographies that may present BSA/AML/OFAC related risks.
Annually collect and report data required for the OCC Money Laundering Reporting System.
Ensure all required regulatory reporting is conducted in a timely, accurate, and compliant manner, including the filing of Currency Transaction Reports (CTRs) and SARs to FinCEN, as well as, FinCEN 314(a) and 314(b) procedures and reporting.
Act as the liaison/contact for Federal examinations and internal and external independent reviews or audits of the BSA/AML/OFAC compliance programs, including coordinating responses to exam and audit concerns and oversee corrective action of any related compliance deficiencies.
Update and revise BSA/AML/OFAC policies and procedures as required and preparation and delivery of quarterly BSA Reporting to the Board of Directors.
In collaboration with the Training Department, administer BSA/AML/OFAC related training programs to Directors, Management, and Employees.
Stay abreast of and analyze developing industry and compliance trends, scams or schemes, and changes to laws and regulations pertaining to BSA/AML/OFAC/USA Patriot Act. Advise Management of applicable emerging risks, new or amended laws, regulations, or agency guidance. Recommend and implement changes and controls to mitigate those risks.
JOB EVALUATION FACTORS:
Bachelor’s degree or equivalent experience. BSA/AML Certifications preferred.
Minimum of five (5) years of prior financial institution BSA/AML compliance experience in developing and implementing BSA/AML/CIP/OFAC policies, programs and procedures.
Extensive knowledge of Bank Secrecy Act /Anti-Money Laundering / U.S.A. Patriot Act / OFAC Regulations.
General knowledge and understanding of bank deposit operations, lending activities, and consumer banking and compliance functions.
Minimum of three (3) years directsupervisory/management experience.
Strong interpersonal, communication (written and verbal), and organizational skills with the ability to work independently, as well as collaboratively within a team environment.
Ability to interact effectively with all levels of management, legal counsel, law enforcement, regulators and internal auditors while maintaining strict confidentiality.
Strong decision making, analytical and investigative abilities with attention to detail and accuracy.
Proficient in Microsoft Office Suite (Word, Excel), and aptitude for learning other software applications (bank platforms).
To apply, please send your resume to: firstname.lastname@example.org or 425 Pike Street, Seattle, WA 98101 Attn: Human Resources. Washington Federal promotes a healthy working environment for all of our employees. To that end, Washington Federal makes it a policy to not offer employment to individuals who smoke or use tobacco products. Before extending an offer of employment, Washington Federal will conduct a background check. You must also successfully pass a credit check and drug test as part of the final stage of the application process.