Manager, AML​/CFT Operations

About the Position

As the Manager, AML/CFT Operations, you will assist with the coordination of the day-to-day implementation and administration of all aspects of the Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) Compliance Program. You will monitor and ensure adherence to U.S. regulations (BSA, USA PATRIOT Act, etc.) and key U.S. financial service regulators and agencies (FinCEN, OFAC, SEC, FDIC, etc.).

• Responsible for overseeing the analysis and monitoring of daily reports, alerts, cases and regulatory filings associated with AML and suspicious account activity; determine the appropriate action based on the analysis according to policies and procedures.
• Ensure investigations and resolutions comply with applicable laws, Bank policy, and industry leading practices to reduce the Bank's losses and financial crimes exposure.
• Responsible for maintaining, revising and implementing AML/CFT procedures and job aids and serving as the Subject Matter Expert and the go-to resource for the team, answering questions and providing guidance on BSA/AML procedures.
• Continuously review and monitor the case management system to ensure alerts, cases and regulatory filings are dispositioned timely and suspicious activity is detected as expected.
• Monitor and track BSA/AML high risk customers and accounts; assist with the development and refining of the bank’s customer risk rating system. Reviewing and approving Enhanced Due Diligence and Customer Due Diligence cases and scheduling the next EDD reviews based on risk level.
• Ensure processes are followed for contact and effective communication with customers, as needed, to gain an understanding of account activity or Know Your Customer (KYC)/Customer Due Diligence (CDD) documentation.
• Ensure timely and accurate filing of all Suspicious Activity Reports and Currency Transaction Reports. Including preparing and presenting committee meetings, ensuring that all necessary case details are presented and discussed thoroughly.
• Responsible for developing and providing periodic reporting of key AML/CFT and OFAC-related metrics to management.
• Thoroughly manage alert and case inventories to include the generation and maintenance of in-progress inventory reporting for all teams (CDD, EDD, Investigations, Alerts, High risk customer list, regulatory filings, etc.).
• Oversee and ensure compliance with all 314(a) and OFAC files, requests, and reporting.
• Assist with the periodic reviews and updates of the AML/CFT and OFAC risk assessments.
• Stay abreast of industry trends related to AML/CFT and any related agency guidance and propose opportunities for enhanced efficiencies or development opportunities.
• Assist the VP and head of BSA/AML operations with weekly meetings, ad hoc requests, quarterly board reporting, and audit requests.
• Hold performance meetings with analysts, helping set and track their goals, conducting mid-year and end-of-year assessments, approving timecards and time-off requests, and reallocating work as needed to meet SLAs.
• Organize regular training sessions for the team, including onboarding new employees and arranging external training events for specialized sessions.
• Perform other duties as assigned.

• A minimum of five years of BSA/AML and/or fraud detection/investigation experience at a financial institution, regulatory agency or law enforcement agency; commensurate investigative experience in financial crimes will also be considered.
• Excellent critical thinking and problem-solving skills.
• Ability to work in a fast-paced environment with professionalism, courtesy and tact.
• Excellent interpersonal, verbal and written communication skills.
• BSA/AML certifications; CAMS credentials or equivalent as well as Fintech experience are preferred.

• Professional office setting.
• Primarily sedentary position requiring long periods of time working at a computer.
• Must be able to move throughout the office and buildings to obtain or relay information.
• Must be able to perform the essential functions of the position with or without reasonable accommodation.

We’re not just another bank and we’re not looking…