Vice President Anti-Money Laundering & Security

Company: MD-DC Credit Union Association
Location: Rockville
Posted on: November 6, 2024

Job Description:

Vice President Anti-Money Laundering & SecuritySeptember 25, 2023 MarylandSchedule: Full-timePosition OverviewWelcome to Lafayette Federal Credit Union Careers! Our organization is growing, and we are seeking top-notch individuals to provide support to our members. Our employees are a critical component in our endeavor to be the premier financial partner for every one of our members.

• Do you have experience developing, implementing, and overseeing comprehensive anti-money laundering prevention?
• Are you a strategic thinker who can manage regulatory compliance, and assess risks?If so, then Lafayette Federal may have the perfect opportunity for you! We are currently seeking a Vice President Anti-Money Laundering & Security to join our dynamic team!About the role:We are currently seeking a Vice President Anti-Money Laundering and Security who would be responsible for developing, implementing, and overseeing comprehensive Anti-Money Laundering, fraud prevention, and security programs to safeguard the organization against financial crimes, fraud, and security breaches. This role requires a strategic thinker who can manage regulatory compliance, assess risks, and establish effective control mechanisms.Education & ExperienceExperience 10-15 years of financial institution or law enforcement experience.Education (1) A bachelor's degree, or (2) achievement of formal certifications recognized in the industry as equivalent to a bachelor's degree [e.g. Certified Anti-Money Laundering Specialist (ACAMS), Certified Fraud Examiner (CFE)].RequirementsA day in the life of a Vice President Anti-Money Laundering and Security will include:
  • Developing, implementing, and managing Anti-Money Laundering policies, procedures, and controls in compliance with local and international regulations.
  • Conducting regular risk assessments and due diligence on customers, transactions, and third-party relationships.
  • Monitoring and reporting suspicious activities to relevant authorities as required by law.
  • Staying up to date with Anti-Money Laundering regulations and industry best practices, ensuring the organization's continued compliance.
  • Designing and implementing strategies to prevent and detect fraud, including identity theft, payment fraud, and cyber fraud.
  • Investigating and analyzing fraud incidents, identifying patterns and vulnerabilities.
  • Overseeing fulfillment of subpoenas and law enforcement requests.
  • Collaborating with law enforcement agencies and legal teams to prosecute fraudsters when necessary.Additional CommentsTop benefits or perks:
    • 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*Lafayette Federal Credit Union is an Equal Opportunity and E-Verify Employer
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Keywords: MD-DC Credit Union Association, Wheaton-Glenmont , Vice President Anti-Money Laundering & Security, Executive , Rockville, Maryland