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BSA/AML Specialist

Location: VA Vienna - Headquarters Full/Part Time: Full-Time Regular/Temporary: Regular

Job Description

Employee Perks

Why You Will Love Being Part of the Navy Federal Team:

*Competitive compensation with opportunities for annual raises, promotions, and bonus potential
*Best-in-Class Benefits! (7% 401k match / Pension plan / Tuition reimbursement / Great insurance options)
*On-site amenities include fitness center, wellness center, cafeteria, etc. at Pensacola, FL; Vienna, VA and Winchester, VA campuses
*Consistently Awarded Top Workplace
*Nationally recognized training department by TRAINING Magazine
*An employee-focused, diverse, and service-oriented workplace environment

Basic Purpose

To perform research and analysis of Navy Federal account activity and file Currency Transaction Reports (CTRs). Perform reviews and maintain documentation of Office of Foreign Assets Control (OFAC) list potential matches. Perform research and draft correspondence for law enforcement subpoenas and inquiries. Maintain knowledge of BSA/AML and OFAC history, regulations, and industry guidance. Support business unit staff in complying with established BSA/AML and OFAC policies and procedures.


• Monitor, track and interpret data via comprehensive analytical software to identify covered activity; complete required documentation
• Conduct research and analysis of financial transactions to identify situations requiring the completion of CTR; complete CTR
• Work with business units to obtain and document additional information regarding member interactions for investigations
• Keep current with money laundering/terrorist financing, drug and human trafficking, etc. trends/schemes through education, industry publications/seminars; apply knowledge in research and investigations
• Advise Supervisor and peers on current trends, including illicit schemes uncovered through analysis of account transactions; identify suspicious or fraudulent activities
• Complete OFAC match reports: perform research on potential matches, document completion, and escalate to Supervisor as appropriate B
• Support business units by researching and resolving potential OFAC matches
• Maintain RCP of monetary instruments in accordance with regulatory guidelines
• Conduct research and provide documentation in response to subpoenas and government/law enforcement requests
• Review match results of database scans in Patriot Officer system to comply with applicable reulations and OFAC requirements
• Maintain required documentation for NCUA, Internal Audit, and government law enforcement agencies
• Support application/system support by perfoming user acceptance testing to ensure optimal system performance
• Compile, review and prepare data to be used by analysts/management
• Perform other duties as assigned or appropriate


• Familiarity with of BSA/AML and OFAC history, regulations, and industry guidance
• Working knowledge of multiple financial products such as loans, credit cards, savings & checking
• Effective research, analytical, and problem solving skills
• Experience in assimilating information, analyzing facts, and developing logical conclusions
• Ability to work independently and in a team environment
• Effective organizational, planning and time management skills
• Effective skill following, interpreting and applying relevant data/instructions to guidelines, procedures, practices and regulations
• Ability to remain calm and courteous while dealing with internal & external members/customers
• Ability to maintain confidentiality and demonstrate integrity
• Effective verbal and written communication skills
• Basic skill exercising initiative and using good judgment to make sound decisions
• Basic skill interacting with staff, management, vendors and members diplomatically and tactfully
• Effecitve skill researching and analyzing data, processes and trends
• Basic word processing and spreadsheet software skills
• Desired - College degree or coursework in law enforcement
• Desired - Knowledge of NFCU products, services, programs, policies and procedures
• Desired - Knowledge of money laundering, drug trafficking, and terrorist financing schemes and patterns

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

Equal Employment Opportunity


Navy Federal values, celebrates, and enacts diversity in the workplace.  Navy Federal takes affirmative action to employ and advance in employment qualified individuals with disabilities, disabled veterans, Armed Forces service medal veterans, recently separated veterans, and other protected veterans.  EOE/AA/M/F/Veteran/Disability