Vice President Anti-Money Laundering & Security

Vice President Anti-Money Laundering & Security

September 25, 2023 Maryland

Schedule: Full-time

Position Overview

Welcome 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 & Experience

Experience 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)].

Requirements

A 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 Comments

Top 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