AML/CFT Officer

About the role

This position supervises the AML/CFT function. In addition, this role will recruit, train, and hire experts in AML/CFT, OFAC/Sanctions, and USA Patriot Act Compliance.

Responsibilities

• Maintain and manage a strong and effective AML/CFT program
• Ensure that business units are in compliance with all AML/CFT/OFAC/SANCTIONS policies and procedures
• Leverage technology to create red flag reports that will enable the bank to identify suspicious activity for AML compliance purposes
• Manage recommendations and filing of SARs as appropriate within the defined period of time as set forth by the regulation
• Maintain a requisite knowledge of USA Patriot Act, AML/CFT rules, OFAC/Sanctions requirements, US Treasury and FinCEN reporting requirements
• Ensure that new products and initiatives of the bank meet AML/CFT regulatory expectations
• Manage applicable reporting processes including SAR and CTR filings, and OFAC/Sanctions inquiries
• Oversee testing and assurance of an effective Customer Identification Program (CIP), CDD and EDD
• Manage the customer due diligence (CDD) process and ensure the operation of an effective customer risk rating process
• Manage and develop enhanced due diligence (EDD) strategies for high-risk customers, coordinating account closure recommendations
• Annually train the Board of Directors on AML/CFT Compliance
• Ensure that all employees are trained on AML/CFT and OFAC/Sanctions on an annual basis
• Work effectively with regulators in completion of exams in relation to AML/CFT matters

Qualifications

• College degree required
• 10+ years’ AML/CFT Compliance experience with a multi-billion-dollar institution
• 5+ years’ Management experience
• CAMS certification preferred
• Proficiency with AML/CFT automated software systems and processes; experience with Verafin AML/CFT/AM software preferred

Skills and Abilities

• Focus, attention to detail, and problem-solving skills are required
• A demonstrable history of good management, career development, and coaching skills
• Ability to delegate appropriately and make decisions effectively
• Proficient in Microsoft Word and Excel
• Excellent interpersonal, oral, and written communication skills
• Excellent decision-making ability
• Strong organizational skills
• Ability to handle confidential information in a professional manner
• Ability to be adaptable and flexible while responding to deadlines on assignments and workflow fluctuations
• Ability to manage and conduct logical investigations
• Ability to work effectively in a multi-task, high-volume environment
• Self-motivated and results oriented
• Solid understanding of banking or financial business operations and systems

Benefits

• Access to our Marathon Health Clinics which provide FREE visits & prescriptions
• Generous Paid Time Off benefit
• Tuition Reimbursement
• 401K match
• Associate Stock Ownership Plan
• Daycare Reimbursement
• FREE Onsite Fitness Center/Fitness Reimbursements
• Health and Wellness Programs
• The ability to have a voice with our Diversity/Equity/Inclusion Council
• Career Growth
• Work/Life Balance
• AND MORE