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First Fed · 3 weeks ago

Financial Crimes Compliance Manager

Bellingham, WA

Part-time

Onsite

Mid, Senior Level

$72K/yr - $122K/yr

4+ years exp

First Fed is a local community bank on an exciting growth trajectory with a commitment to serving customers and communities throughout the PNW. The Financial Crimes Compliance Manager is responsible for overseeing investigations and operations related to BSA, AML, and fraud compliance, while providing leadership to the BSA & Fraud team.

BankingFinanceFinancial ServicesMortgage

Growth Opportunities

Responsibilities

Manage and perform investigations related to potential money laundering, fraud, terrorist financing, elder financial exploitation, sanctions concerns, and other suspicious activity

Review complex or escalated cases, ensuring thorough analysis of customer activity, transaction patterns, and supporting documentation

Oversee SAR drafting, data accuracy, and quality before final review by the BSA Officer

Maintain well-documented case files that meet internal expectations and regulatory standards

Supervise the team of BSA & Fraud Specialists; assign work, balance caseloads, and ensure timely completion of reviews

Provide coaching and training to strengthen investigative techniques, documentation quality, and regulatory comprehension

Support the BSA Officer by providing team updates, risk summaries, and operational insights

Conduct ongoing reviews of AML system detection parameters to validate model effectiveness in identifying high-risk customers and capturing potential money laundering and fraud activity; recommend adjustments to enhance accuracy and regulatory compliance

Ensure investigative processes comply with BSA, AML, OFAC, and related regulatory requirements

Identify emerging trends or red flags and communicate them to the BSA Officer for potential policy or system enhancements

Assist in maintaining procedures for alert investigations, case documentation, and SAR workflows

Participate in internal and external audits, exams, and independent testing by gathering documentation and responding to requests for information

Oversee the work completed by BSA Specialists, including alert to case recommendations, SAR recommendations, and alert triage

Developing and executing a Quality Assurance (QA) program, including a scorecard

Support processes related to the gathering and maintenance of data throughout the customer lifecycle, including Know Your Customer (KYC), Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) processes, including remediation of any data gaps

Support the BSA/AML, Sanctions, and Fraud risk assessments

Support the development of key metrics to measure the performance of the financial crimes compliance program

Provide guidance to front-line staff and business units on investigative requirements, red flags, and escalation procedures

Work with fraud, operations, and branch teams to resolve alerts or gather information relevant to investigations

Support communication with law enforcement and other financial institutions (e.g., 314(b) requests) upon request and under the direction of the BSA Officer

Qualification

BSA/AML investigationsFinancial crimes complianceRegulatory frameworksAnalytical skillsSupervisory experienceCAMS certificationSAR preparationCommunity bank experienceWritten communicationMentoring skills