BSA Supervisor

Maspeth Federal Savings & Loan Assn is seeking a highly skilled BSA Supervisor to join our team. As a key member of our Bank Security and Compliance department, you will play a vital role in ensuring the bank's adherence to regulatory requirements and industry best practices.

The ideal candidate will possess a strong background in financial research, AML analytical software, and regulatory agency requirements within the financial industry. A minimum of 5 years of experience in a similar role is required, with a proven track record of managing, leading, and training investigative teams.

Key Responsibilities:

• Oversee daily operational functions, including CTRs, SARs, continuing SARs, AML referrals and alerts, OFAC/sanction alerts, KYC, EDDs, and other regulatory requirements.
• Provide direct support to employees handling these functions, ensuring compliance with bank policies and procedures.
• Conduct, review, and evaluate findings using AML/KYC/CIP knowledge.
• Act as a Subject Matter Expert (SME) in AML/KYC/CIP, providing direction and assistance on AML-related issues and investigations.
• Perform and assign annual EDD Reviews on high-risk customers.
• Perform secondary quality assurance reviews of assigned responsibilities, ensuring accuracy and timeliness.
• Detect and monitor suspicious activity and possible money laundering patterns, reviewing Suspicious Activity Reports (SARs) and submitting to the BSA Director for filing.
• Assist the BSA Director in performance management and overall development and operations of staff within their assigned tasks.
• Responsible for Monetary Instrument Log maintenance, including reviewing and correcting.
• Assist the BSA Director in compiling data for biennial Phase I and Phase II exemptions.
• Lend support to the completion of various risk assessments, including the annual BSA/AML risk assessment, model validation threshold tuning, and audit or exam requests as needed.
• Maintain confidentiality of sensitive material and perform other duties as assigned.

Requirements:

• 5+ years of experience involving financial research, AML analytical software, AML investigations, and regulatory agency requirements within the financial industry.
• 2+ years of experience managing, leading, and training investigative teams within the financial industry.
• Ability to learn and use Verafin account monitoring software and Fiserv DNA.
• Certified Anti-Money laundering specialist (CAMS) or equivalent current professional certification(s) preferred.
• Professional demeanor, problem-solving, and decision-making skills, flexibility, and initiative, as well as strong proofreading skills and aptitude for high degrees of precision in all work.
• Comprehensive knowledge of relevant laws and regulations impacting financial institutions and strong knowledge of BSA AML best practices and industry standards with KYC and CIP skills.
• Excellent quantitative and analytical skills, along with a focused attention to detail, and ability to influence and effect change, be viewed as a trusted advisor, and maintain confidentiality of sensitive material.
• Proficiency in Microsoft office products, particularly PowerPoint, Excel, Word, and strong project management skills with the capability to prioritize multiple demands.