BSA/AML Investigations Manager

Responsibilities

• Aid in the development, implementation, and maintenance of the BSA/AML/OFAC Compliance Program.
• Maintain knowledge of applicable laws, regulations, and issues.
• Evaluate changes in industry practice and legal/regulatory requirements and ensure that timely appropriate action is taken.
• Aid in efforts to complete preparatory work prior to BSA/AML regulatory examinations and direct the preparation of reports and correspondence as needed to the regulatory agencies.
• Assist or recommend changes to BSA/AML or OFAC policies and procedures; provide technical compliance support when issues or questions arise; assist as an advisor in new product and/or service development.
• Provide recommendations to the BSA Investigations Manager on current system efficiencies and/or required improvements.
• Participate in compliance training and additional continuing education to maintain proficiency in the laws and regulations affecting financial institutions regarding BSA/AML and OFAC.
• Lead projects from start to finish, with little to no oversight or direction as assigned by management.
• Assist management with mergers and acquisitions.
• Provide metrics, trends, and analytics to BSA Investigations Manager.
• Serve as a lead role for department processes and operations department team members.
• Provide guidance in the day-to-day activities of the AML Investigations team, set monthly goals, ensure that production is maintained, accurate decisions are made, and quality standards are met by direct reports.
• Supervise the day-to-day operations of the AML Case Investigations Quality Control Process and Quality Control SAR Review Committee.
• Review supporting documentation, prepare cases, and evaluate evidence; approve the need for a SAR in a timely manner.
• Supervise the day-to-day operations of the 314(b) Information Sharing process.
• Assist with BSA/AML and OFAC related compliance issues, procedures, as well as daily regulatory reporting.

Qualifications and Education Requirements

• Bachelor's degree in Business, Finance, Accounting, Law or related field.
• 8+ years’ relevant experience in banking combined with BSA, AML, Fraud and Investigation or relevant business experience.
• CAMS, CAFP, or CRCM Supervisory experience is preferred.
• Extensive knowledge of banking principles, philosophies, and operational concepts.
• Advanced knowledge of BSA internal controls and regulations, OFAC regulations, USA PATRIOT Act, fraud scenarios, criminal situations, and internal crimes.
• Strong attention to detail, organizational, and time-management skills.
• Ability to read and understand complex governmental laws, regulations, and regulatory guidance.
• Ability to work independently and/or in a team.
• Strong interpersonal skills along with excellent written and verbal communication skills.
• Advanced problem-solving skills with the ability to define problems and propose solutions.
• Required competency with Microsoft Office Suite, especially advanced use of Excel to manipulate data for analysis.