Job Description

Manage Navy Federal's BSA/AML and OFAC relationship with affiliate organizations, to include but not limited to Navy Federal Financial Group (NFFG) and the Overseas Military Banking Program (OMBP), in support of the senior leadership of BSA/AML & OFAC Compliance. Guide the affiliate programs to ensure protection over financial assets, personal information, organizational reputation as well as compliance with federal and industry regulations. Oversee the operations and responsibilities outlined in relevant governing contracts, charters, and Memoranda of Understanding. Execute certain BSA/AML & OFAC activities on behalf of the affiliates and/or Quality Assurance activities necessary to ensure the affiliates maintain sustainable, effective, and efficient BSA/AML and OFAC Compliance Programs. Provide tactical and strategic assistance to affiliate programs, including system and project initiatives support.

Navy Federal provides much more than a job. We provide a meaningful career experience, including a culture that is energized, engaged and committed; and fierce appreciation for our teams, who are rewarded with highly competitive pay and generous benefits and perks.

Our approach to careers is simple yet powerful: Make our mission your passion.

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Equal Employment Opportunity: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected Veteran.

Hybrid Workplace: Navy Federal Credit Union is a hybrid workplace, and details will be discussed during your interview process.

Disclaimers: Navy Federal reserves the right to fill this role at a higher/lower grade level based on business need. An assessment may be required to compete for this position. Job postings are subject to close early or extend out longer than the anticipated closing date at the hiring team’s discretion based on qualified applicant volume. Navy Federal Credit Union assesses market data to establish salary ranges that enable us to remain competitive. You are paid within the salary range, based on your experience, location and market position.

Bank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.

• Advanced knowledge of Bank Secrecy Act, USA Patriot Act, Money Laundering and Financial Crimes red flags, OFAC regulations and associated requirements
• Significant experience in compliance roles, having broad exposure to interpreting regulations and regulatory impacts, compliance implementations, assessing risks, regulatory audits, administration, and cross-functional communications
• Experience in leading projects/initiatives to manage business risks and minimize organizational impact
• Significant experience working collaboratively across departments with all levels of staff, management, stakeholders and third-party vendors Experience in change management processes including adoption strategies, business management processes, organizational education and communication
• Effective skills managing multiple priorities independently and/or in a team environment to achieve goals
• Advanced research, analytical, and problem-solving skills
• Advanced skills in presenting findings, conclusions, recommendations and information clearly and concisely
• Advanced skills exercising initiative and using good judgment to make sound decisions
• Significant skills in results-oriented leadership in a challenging environment
• Effective word processing and spreadsheet software skills
• Effective database and presentation software skills

Desired Qualification(s)

• Previous experience managing oversight or quality control, audit, or examination teams and/or working with affiliate programs
• Working knowledge of NFCU products, services, programs, policies and procedures
• Working Knowledge of banking/financial industry trends, products and services
• ACAMS Certified

Hours: Monday - Friday, 8:00AM - 4:30PM

Locations: 820 Follin Lane, Vienna, VA 22180 | 141 Security Drive, Winchester, VA 22602 | 5510 Heritage Oaks Drive, Pensacola, FL 32526

• Manage Navy Federal's BSA/AML and OFAC Compliance relationship with affiliate organizations in accordance with the Federal Financial Institutions Examination Council (FFIEC), state and federal regulations, as applicable, and any governing contracts, charters, Instructions or Memorandums
• Develop deep collaborative relationships with affiliate Points of Contact (POCs) and work together to ensure a robust and effective BSA/AML and OFAC Program
• Oversee BSA/AML and OFAC Quality Assurance operations over affiliate programs, including BSA and AML activities such as Currency Transaction Reports, Suspicious Activity Reports, High-Risk Reviews and Restrictions, Law Enforcement Requests, the Customer Identification Program (CIP), implementation of controls, and Sanctions adherence
• Conduct analyses of BSA/AML and OFAC models and monitoring systems related to the affiliates’ Programs to ensure adherence to best practices, and timely, proactive, accurate identification/detection of risk activities
• Drive and interpret BSA/AML and OFAC risk assessments, determine impact and/or changes to current affiliate business processes, track and ensure timely resolution of identified issues/concerns
• Oversee interpretation and implementation of regulatory changes and change management impacts on affiliate operations, systems, processes and staff/management compliance training
• Explore opportunities to enhance and strengthen affiliate programs BSA/AML & OFAC Compliance programs and work closely with POCs to prioritize projects and initiatives related to these opportunities in accordance a risk-based approach.
• Build collaborative relationships and liaise with external agencies, as appropriate, to include regulators and government departments, regarding communication of alerts, issue resolution and response, and best practices
• Serve as a liaison and point of contact on internal and external audits and examinations
• Manage vendor relationships to ensure delivery of product service, quality and results
• Contribute significantly to development of Objectives and Key Results (OKR), monitor performance and achievement regarding OKRs, determine gaps in performance metrics, and recommend/execute change management techniques for efficiency/quality improvements
• Guide the affiliate programs in monitoring, identifying and responding appropriately to instances of high-risk customer/activities impacting affiliate members, services, and financial assets
• Collaborate with affiliates and their IT departments, as appropriate, to integrate, develop, and maintain key department automated systems, notably BSA/AML and OFAC monitoring tools
• Guide affiliate programs in defining specifications for automated systems enhancements and/or internal controls. 
• Provide counsel and advice on BSA/AML compliance matters and processes to affiliate programs, business unit managers and project leaders 
• Ensure affiliate programs have appropriate BSA/AML and OFAC education and training, as well as specific training for targeted business groups
• Collaborate with affiliate programs on communications strategies to include change management impacts, response plans, and education requirements to ensure maximum compliance and minimize risk exposure
• Work with affiliate programs to assess cross-functional impacts of business process changes on BSA/AML and OFAC processes and rules
• Perform other related duties as assigned or appropriate