Mgr Enhance Due Diligence

Risk Services

Risk Services partners with UMB management and its obligation to effectively manage compliance and related risks within the UMB family of corporations. This team provides timely, accurate, and seasoned judgment related to regulatory compliance risk, suggests strategies for mitigating risk, promotes a strong culture of compliance, and fulfills regulatory expectations of administering effective compliance monitoring and other mandated programs.

About the role

As the Enhanced Due Diligence Manager (EDD), you will be responsible for providing leadership of the EDD function in support of the enterprise BSA/AML compliance program. This would also include responsibility for providing leadership of the Currency Transaction Reporting (CTR) and Office of Foreign Assets Control (OFAC) sanctions program processes and team.

Responsibilities

• Support the Director of BSA/AML in executing on the BSA/AML risk management initiatives and communicating performance and initiatives to senior management, auditors, and regulators.
• Work with leadership to identify and implement program enhancements to ensure continual development and progression of the program to meet changing/evolving money laundering and terrorist financing risks.
• Coach, mentor, and manage the personnel within the respective team and establish appropriate performance standards to ensure quality program results.
• Ensure timely and quality EDD reviews, comprehensive high risk customer reviews, and processes for identifying higher risk customers.
• Assist with identifying and implementing enhancements to the EDD program, communicating CDD requirements to the business units, and implementing regulatory changes.
• Ensure timely and accurate completion of CTRs and appropriate disposition of OFAC suspect matches.

Requirements

You possess a Bachelor’s degree with five (5) years of industry relevant experience OR Seven (7) years of relevant experience with a Bachelor’s degree. You have at least five (5) years of previous BSA/AML experience or related risk management area. Three (3) years enhanced due diligence experience or equivalent 3 years CTR and OFAC processing experience.

Qualifications

Umb is committed to inclusion and diversity and provides employment opportunities to all employees and applicants for employment without regard to race, color, religion, sex (including gender, pregnancy, sexual orientation, and gender identity), national origin, age, disability, military service, veteran status, genetic information, or any other status protected by applicable federal, state, or local law.

Benefits

Benefit offerings and eligibility requirements vary. UMB offers competitive and varied benefits to eligible associates, such as Paid Time Off; a 401(k) matching program; annual incentive pay; paid holidays; a comprehensive company sponsored benefit plan including medical, dental, vision, and other insurance coverage; health savings, flexible spending, and dependent care accounts; adoption assistance; an employee assistance program; fitness reimbursement; tuition reimbursement; an associate wellbeing program; an associate emergency fund; and various associate banking benefits.

Pay

Compensation Range: $117,900 - $173,393

Schedule

N/A