Financial Crimes Compliances Operations AVP

About the role

This Financial Crimes Compliance Operations, Assistant Vice President position focuses on performing AML quality control reviews, analyzing customer transactions, and ensuring investigative work complies with internal policies and regulatory requirements.

Responsibilities

• Complete AML quality control processes in concert with AML Operations Team Leader.
• Provide coaching and training for team members.
• Review alert and cases prepared by investigators to ensure decision-making is appropriate and documented, alert and case narratives are complete, accurate, and comply with internal policies.
• Ensure decisions not to file a SAR are well supported and documented.
• Knowledge of the laws applicable to money laundering, including the BSA, PATRIOT Act, U.S. Treasury AML guidelines, OFAC requirements and Suspicious Activity Reporting requirements.
• Research and analyze bank transactions and customer activity, and make assessments relating to suspicious activity reporting obligations.
• Escalate to management any activity and trends that could indicate money laundering or terrorist financing.
• Perform routine compliance tasks and respond to routine compliance issues, typically concerning documentation, reporting etc., following established guidelines and procedures.
• Stay apprised of regulatory matters and developments through regular review of appropriate compliance publications and websites and by participating in relevant compliance conferences and other training events.
• Apply knowledge of company policies and standard practices to resolve problems.
• Analyze issues and use judgment to make decisions.
• Write reports that detail investigative findings and support case recommendations.
• Manage workload so that case investigations are completed in a timely manner, and production and quality targets are met.
• Build and maintain positive professional relationships with other AML policy and operations areas, and other bank lines of business as appropriate.
• Assist AML Department Manager to prepare for and respond to internal audit and regulatory examination reviews.

Requirements

• Minimum of 3 years’ experience in a financial crime risk and compliance role, preferably involving suspicious activity investigations and reporting.
• Working knowledge of correspondent banking is desirable, but not essential.
• Experience preparing and writing SARs (Suspicious Activity Reports).
• CAMS certification preferred but not required.
• Experience in conducting financial crime investigations and/or intelligence analysis, in line with established investigative processes and procedures.
• Experience interacting with senior managers and compliance with subject matter experts.
• Collaborative with strong interpersonal communication skills.
• Process oriented coupled with a strong ability to develop appropriate program enhancing strategies.
• Detail-oriented and organized.
• Understanding of banking and financial services, including an understanding of the various types of products, services, and transactions that are typical for the Branch.
• Analytical/Investigative skills to identify unusual or suspicious activity regarding transaction or account activities.

Qualifications

• Minimum of a Bachelor's degree or equivalent relevant experience.

Skills

• Strong knowledge of AML regulations, including BSA, PATRIOT Act, and OFAC requirements.
• Ability to research, analyze, and escalate suspicious trends.

Benefits

The typical base pay range for this role is between $90,000 to $111,000 depending on job-related knowledge, skills, experience and location. This role may also be eligible for certain discretionary performance-based bonus and/or incentive compensation. Additionally, our Total Rewards program provides colleagues with a competitive benefits package (in accordance with the eligibility requirements and respective terms of each) that includes comprehensive health and wellness benefits, retirement plans, educational assistance and training programs, income replacement for qualified employees with disabilities, paid maternity and parental bonding leave, and paid vacation, sick days, and holidays. For more information on our Total Rewards package, please click the link below. MUFG Benefits Summary