AML Surveillance Manager

Full Time

International Banking Client

Office Status: In Office

This position will be responsible for analyzing data and providing recommendations to BSA/AML Officer and related committees to support effective and efficient management of AML scenarios. Partner with stakeholders within the BSA Department and the lines of business to identify risks and target illicit behaviors, training and internal controls within the bank. Performs all duties in accordance with the bank’s BSA/AML/OFAC policies and procedures, all U.S. state and federal laws and regulations, wherein the company operates.

Essential Duties and Responsibilities

  • Work closely with BSA/AML Officer to effectively manage risk and monitor for customer behavior to ensure we meet our requirements under bank Transaction Monitoring policies, the BSA, FinCEN guidance, and relevant state regulations such New York Department of Financial Services Part 504.
  • Performs personnel actions including performance evaluations, disciplinary actions, and interviewing candidates for employment; Responsible for the overall direction, motivation, coordination and evaluation of functionalities within the Transaction Monitoring Unit.
  • Promotes a risk-aware culture, ensures efficient and effective risk and compliance management practices by adhering to required standards and processes.
  • Prepares for internal audit reviews as well as regulatory examinations, and is responsible for addressing any audit deficiencies or regulatory examination corrective actions.
  • Provides metrics to BSA/AML Officer for management reporting.
  • Develops, recommends and implements processes and controls to ensure compliance with AML rules and regulations.
  • Review escalations from AML investigators, and file Suspicious Activity Reports (SARs) where necessary; maintain track of SAR logs and referrals
  • Oversight of 314(a) and 314(b)
  • Strategically improve current work flow and system inefficiencies, automate manual processes, and collect and improve operating metrics.
  • Assist with compliance related projects as required.
  • Conduct quality control reviews on cases completed by the investigators.
  • Assist with input into the Enterprise-wide and OFAC Risk Assessments.
  • Maintain policies, procedures, and desktop manuals related to AML, in compliance with regulatory standards.
  • Liaise with System and IT Teams to ensure monitoring tools run effectively
  • Develop, implement, and monitor AML training to appropriate personnel
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