Molly Jeltema is the BSA Officer for Northstar Financial Group, which serves Northstar Bank and West Michigan Community Bank. She is responsible for overseeing and administering the BSA/AML and OFAC compliance program for both banks. This includes risk assessment and policy development, risk monitoring and reporting, and fraud investigations. Furthermore, she assists the rest of the risk department as needed with regulatory compliance and overall risk management, and participates in regulatory examinations and audits.
Molly has over 9 years of experience in banking. Prior to joining Northstar Financial Group, Molly worked for Community West Credit Union. In this role, she developed a separate department dedicated to regulatory, BSA/AML, and OFAC Compliance and became the Compliance Manager. This position included developing and overseeing a risk management program, training, and developing an internal reporting system for suspicious activity. It also involved managing the Disaster Recovery Plan, the internal and external audits, and the security program. Additionally, Molly has experience in retail banking and sales, as well as experience with internal investigations in a retail store.
Molly holds a Bachelor of Business Administration in Accounting and a Master of Accounting with a concentration in Accounting Fraud Examination. She is a Certified Anti-Money Laundering Specialist (CAMS) and Certified Fraud Examiner (CFE).