Evaluate new initiatives, products and services for assigned business lines to determine the level of BSA, AML & OFAC risk.
Consult with senior management to recommend enhanced controls, policies, procedures, systems and training required to mitigate applicable AML and Sanctions risks and work the the business line to implement and document recommendations.
Understand business line challenges and work in conjunction with the business line to implement change.
Monitor and interpret BSA, AML & OFAC industry developments and maintain advanced knowledge of new and amended laws and regulations impacting the Programs and Risk Assessments, and offer training with key bank personnel as appropriate.
Manage the activities of BSA Risk analysts to ensure assigned tasks are adequately planned, measured and monitored.
Develop, implement and coordinate BSA, AML & OFAC risk training for the Bank.
On a routine basis, prepare reports that will be used by various oversight committees to understand BSA risk and other related activities and trends.
Develop an ongoing, positive relationship with business line contracts.
Work to develop and maintain an in-depth knowledge of regulatory requirements, industry best practices and expectations with specific attention to assigned business lines to allow for appropriate levels of oversight.
Assist with Security BSA Department projects as needed.
Who We Want
The desire is to attract colleagues with roughly 5 years of experience at large, financial institutions or with the Fintech industry (emerging/disruptive technology, direct banking, real-time payments, etc.). Preferred experiences should include working with teams on the development of new products, tech, payments and control processes and a demonstrated ability to handle multiple projects, deadlines and a team of analysts with utmost execution and accountability.
Candidates with advanced degrees (Associates, Bachelor’s, and/or Master’s) preferred, yet a High School diploma or GED is required. Candidates with some combination of coursework and experience, or else extensive related professional experience, are eligible for consideration
5 years of experience working in a large financial institution of Fintech, with an understanding of BSA/AML/OFAC/Financial Crimes or in Internal Audit/Regulatory Oversight/AML compliance or a combination of these areas
Capable of producing high quality work product and solutions under strict deadlines
Exposure to interacting and consensus building with executive and senior level management and business lines, as well as developing, supervising and mentoring junior analysts
Excellent written and verbal communication skills as well as knowledge of MS Office, Excel and PowerPoint