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Director, BSA and Fraud

Company: Langley Federal Credit Union
Location: Newport News
Posted on: September 19, 2023

Job Description:

City Center
721 Lakefront Commons
Newport News, VA 23606, USA
City Center
721 Lakefront Commons
Newport News, VA 23606, USA
Imagine being part of a company where your growth is valued and your journey is supported. Imagine yourself at Langley Federal Credit Union, where we're dedicated to shaping a meaningful path together. You belong at Langley.Langley Federal Credit Union is one of the 100 largest credit unions in the United States with over $5B in assets and over 351,000 members. We are constantly growing and have recently expanded to neighboring states and other parts of Virginia.Langley is committed to being the best place you will ever work, and it all begins with our comprehensive employee benefits package, which includes affordable medical, dental, and vision plans in addition to:Investing in You:

  • Educational Assistance, encompassing books, lab fees, registration costs, and more.
  • Support for Student Loan Repayment.
  • Abundant Career Growth Opportunities.Time Off That Matters:
    • Generous Paid Vacation that starts accumulating from day one, progressively increasing with every five years of service, up to a maximum cap.
    • Celebrate 13 Paid Holidays, including your birthday and the day following Thanksgiving; enjoy Floating Holidays too!
    • Paid Sick Time for all team members.
    • Highly competitive 401K plan featuring a 6% company match, with immediate vesting with a ROTH IRA option.
    • Company-covered short- and long-term disability insurance.
    • Complimentary Life Insurance and the choice of additional Voluntary Life Insurance.
    • Flexible Health Care and Dependent Care benefits.Langley Federal Credit Union is currently hiring for a Full Time Director, Bank Secrecy Act and Fraud Mitigation to work On-Site from our Oyster Point in Newport News, VA.Job Summary:Oversees a high-impact team responsible for successfully leading all aspects of the credit union's BSA/Fraud department, including compliance with and oversight of the credit union's Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Customer Identification (CIP), Office of Foreign Assets Control (OFAC), Identity Theft, and Fraud Prevention programs. Proactively evaluates, tests, and monitors the credit union's compliance with applicable policies, procedures, rules, and regulations. Serves as the Bank Secrecy Act Officer for the credit union. -Essential Functions, Duties, and Responsibilities:
      • Manages all facets of the Credit Union's BSA program: ensures that all policies and procedures are relevant and complete; self-assesses program's success by conducting risk assessments; addresses compliance risk and concerns; maintains compliance with all applicable state and federal laws & regulations; prepares and files SARs and CTRs with appropriate government agencies, when applicable; ensures thorough OFAC monitoring for all relevant transactions and name records within the database; etc.
      • Develops and implements robust proactive/preventive measures; identifies modern tools to prevent fraud.
      • Researches and assesses fraud trends impacting the credit union, its members, and the financial services industry; defines a governance framework to minimize risk to the credit union.
      • Serves as the primary contact for regulatory agencies and auditors on BSA-related issues for examinations and audits. Participates in and responds to exam and audit concerns and oversees corrective action of all related compliance deficiencies or violations.
      • Evaluates and responds appropriately and in a compliant and timely manner to law enforcement inquiries (e.g., subpoenas). Represents the credit union as custodian of record in civil and criminal proceedings.
      • Maximizes direct report's productivity, efficiency, and career potential, including directing job assignments, monitoring staff performance, coaching, counseling, training, and alignment with Langley's vision and values.
      • Establishes and oversees the Credit Union's Know-Your-Customer/Member Identification Program (KYC/MIP) and related Member due diligence and enhanced due diligence processes.
      • Develops a robust fraud reporting process that enables analysis and provides summaries for senior management; develops key performance and risk indicators for monitoring, tracking, and reporting fraud risk strategies.
      • Conducts accurate, thorough, and objective investigations for suspected violations of laws, fraud, or failure to comply with credit union regulations or policies; Investigates claims of employee malfeasance and reports findings and recommendations to Human Resources.
      • Identifies and prepares appropriate training to address fraud trends and BSA/AML requirements; engages Organizational Development to ensure training is updated and reflects current trends and practices; provides annual BSA training to the Board of Directors.Qualifications:
        • Bachelor's Degree in criminal justice, business, or related field or equivalent combination of experience/education required.
        • Bank Secrecy Act compliance certification or ability to achieve within twelve months required.
        • Five years of experience in Bank Secrecy Act compliance within a financial institution preferred.
        • Three years of experience in fraud detection and prevention preferred.
        • Certified Fraud Examiner (CFE), Certified Anti-Money Laundering Specialist (CAMS), Certified AML and Fraud Professional (CAFP) preferred.
        • Service Champion - Adopts a service orientation, building trusting relationships and delivering value for associates, members, and communities.
        • Langley Ambassadors - Demonstrates a passion for Langley's vision, encouraging diversity, equity, and inclusion while considering Langley's values when making decisions and taking accountability for delivering results.
        • Agile in Action - Adapts to changes in the business, demonstrating innovation to improve Langley and advance the company into the future.
        • Team Driven - Collaborates across Langley, communicating transparently and prioritizing a team-based approach that delivers optimal outcomes for associates, members, and communities.
        • Continuous Learners - Maintains an understanding of Langley's business and how value is delivered to members and actively pursues opportunities to grow oneself and strengthen the organization.Physical Requirements:The physical demands described here must be met by an employee to successfully perform this position's essential functions, duties, and responsibilities. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.Working Conditions:The work environment characteristics described here represent those an employee may encounter while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Work is generally performed indoors in a climate-controlled office environment where the noise level is typically quiet.This job description is not designed to cover or contain a comprehensive listing of functions, duties, or responsibilities required by the employee. Functions, duties, and responsibilities may change, or new ones may be assigned at any time, with or without notice.We look forward to receiving your application and eagerly anticipate the opportunity to learn more about your qualifications and aspirations. Your unique perspective and skills could be a valuable addition to our team. We're excited to delve deeper into your background and potential fit with our company culture. Thank you for considering joining us on this journey, and we can't wait to get to know you better!QualificationsSkillsBehaviors: Motivations:EducationExperienceLicenses & CertificationsEqual Opportunity Employer/Protected Veterans/Individuals with DisabilitiesThe contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)

Keywords: Langley Federal Credit Union, Newport News , Director, BSA and Fraud, Executive , Newport News, Virginia

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