Principal, AML​/BSA Governance & Advisory

• Identify, assess, and provide expert advice on regulatory risk
• Work with lines of business and partners to mitigate compliance risk
• Maintain understanding of BSA/AML and OFAC laws, regulations, guidelines, advisories, and regulatory requirements
• Provide advisory guidance and effective challenge on BSA/AML/OFAC questions
• Support regulatory applicability mapping to business and line-of-defense processes
• Assess emerging risks and develop and implement mitigation strategies
• Attend project meetings to identify risks in new products, services, and conversions
• Establish and maintain policies, standards, procedures, and controls
• Maintain enterprise BSA/AML and OFAC policies, standards, and procedures
• Maintain the program’s intranet page
• Conduct independent reviews of lines of business, non-bank affiliates, procedures, and training materials
• Publish gap analysis memoranda and track issue remediation
• Collaborate in enterprise BSA/AML and OFAC Sanctions risk assessments
• Monitor mitigation effectiveness and adjust measures as needed
• Support issue management, oversight, status reporting, and escalations
• Collaborate with Legal, Risk Management, Systems and Data Governance, Internal Audit, and Business Units
• Serve as subject matter expert for AML and Sanctions
• Guide lines of business and non-bank affiliates on policies, procedures, control gaps, audits, exams, issues, and corrective actions
• Facilitate responses to attestations and questionnaires such as Wolfsberg
• Facilitate vendor and contract-management due diligence and reviews
• Coordinate and support internal and external compliance assessments, exams, and audits
• Respond to assessment findings and support remediation planning and corrective actions
• Provide status reporting on findings and observations
• Administer BSA/AML and OFAC Sanctions training assignments with HR and Enterprise Training
• Track training completion and elevate non-completion
• Manage training-needs assessment and applicability processes
• Keep training materials current
• Uphold ethical conduct, integrity, confidentiality, and a culture of accountability

Requirements

• Bachelor's degree in Criminal Justice, Business or a related field, or a combination of education and experience equivalent to such a degree, is preferred
• At least 7 years’ experience in BSA/AML/OFAC (Sanctions) compliance
• Experience working with varying levels of management / teammates
• Technical writing background and/or procedure writing experience
• Preferred certification such as CAMS, CAFP, CFE, or BSA/AML PMP
• Proven background in writing and publishing policies and procedures
• Ability to read, interpret, and communicate regulations and laws to varying levels of authority
• Ability to build effective work relationships with primary stakeholders and colleagues while achieving stated objectives
• Experience in project management and negotiating skills with the ability to resolve issues while gaining consensus
• Ability to research, analyze and recommend improved processes
• Advanced written, oral, and interpersonal skills
• Ability to prepare and present presentations and guide internal customers
• Advanced PC skills including word processing, spreadsheet, process management applications, and database applications
• Attention to detail
• Ability to work independently and in a team environment
• Extensive knowledge of the FFIEC manual
• Ability to operate in a fast-paced environment and maintain deadlines/turnaround times
• Must uphold professional ethics, integrity, and confidentiality

Core Competencies

Demonstrates extensive knowledge of BSA/AML and OFAC regulations, with proven experience in compliance risk assessment, policy development, and training management. Capable of effectively collaborating with stakeholders and managing compliance assessments while upholding ethical…