EXTERNAL CLIENT ROLE
This role is for the Head of AML FIU, reporting to the Head of BSA/AML Compliance. At a high level, the role entails the day to day management responsibility of AML FIU to ensure compliance with regulatory requirements associated with AML monitoring and to ensure that the policies and procedures are effectively carried out.
o Management of AML FIU
o Supervise timely resolution of transaction monitoring cases within regulatory and policy guidelines
o Maintain day to day case load and assignment of cases to analysts within the automated monitoring
o Ensure timely escalation of cases to the firm’s SAR Committee and timely filing of SARs by regulatory deadlines
o Provide subject matter and operational guidance to AML FIU Team and internal stakeholders
o Oversee preparation of AML FIU related logs/reports and MIS for management and committee reporting
o Track quality assurance remediation for cases within policy guidelines
o Responsible for managing relationship with IT department regarding the operation of the transaction monitoring system
o Maintain and update FIU policies and procedures
o Lead and complete FIU rule review exercises
o Proactively look for opportunities/strategies to enhance team productivity while meeting regulatory obligations
o Other responsibilities
o Participation in risk assessment process
o Collection of materials to support audit, testing and examination responses.
o Participation in NYDFS Part 504 steering committee and other model risk management related tasks
o Internal training
o Ad hoc management requests
o Minimum of 10 + years of working knowledge of applicable anti-money laundering and anti-terrorist financing laws and regulations
o Proven management track record
o Experience with operation of automated monitoring system and AML investigations and regulatory reporting.
o ACAMS Certification a plus