Financial Intelligence Unit Supervisor

Description

The Financial Intelligence Unit leaders lead a team of analysts responsible for managing the transaction monitoring processes within the core bank or Baas (Banking as a Service) function. This includes ensuring compliance with regulatory requirements and mitigating risks related to money laundering, fraud and other financial crimes.

• Conduct regular one-on-ones to align cultural & business objectives, prioritize the most important work and coach to high performance.
• Facilitate execution through effective situational leadership tools.
• Support engagement and action by listening to team member feedback – what’s working, what’s not – support them in initiating and executing positive changes and provided them with adequate resources.
• Support in the team members professional and personal.
• Catch team members being approximately right through timely, individualized recognition.
• Promote collaboration and face to face interaction.
• Review financial transactions for suspicious activity, including patterns indicative of money laundering, fraud or other illicit behavior.
• Conduct FIU critical activities, which includes alert clearing, case investigation, SAR decisioning, CTR filling along with 314a and 314b responses.
• Conducting in-depth investigations into flagged transactions, identifying potential risks, and respond and collaborate with law enforcement or regulatory agencies when necessary.
• Assessing risk associated with specific customers, accounts or transactions and recommending appropriate actions to mitigate risks.
• Ensuring compliance with Anti-Money Laundering (AML) regulations, including filing Suspicious Activity Reports (SARs) as needed.
• Analyze large datasets to identify trends, anomalies, and potential red flags.
• Collaborate with compliance and risk management teams to identify potential risk and recommend risk mitigation strategies.
• Preparing reports and documentation related to suspicious activity, investigations and compliance efforts.
• Implement changes in policies and procedures as required by regulatory updates.
• Aid in documentation creation around process and procedures within the FIU space.
• Analyze data to identify trends, anomalies, and potential risks. Conducting quality control tasks, sampling data and providing feedback on process and work.
• Prepare regular reports and documentation for senior management, highlighting key findings and recommendations.
• Continuously improve processes, streamline workflows, and enhance efficiency.
• Identify opportunities for automation and technology enhancements.
• Conduct regular one-on-ones to align cultural & business objectives, prioritize the most important work and coach to high performance.
• Facilitate execution through effective situational leadership tools.
• Support engagement and action by listening to team member feedback – what’s working, what’s not – support them in initiating and executing positive changes and provided them with adequate resources.
• Support in the team members professional and personal.
• Catch team members being approximately right through timely, individualized recognition.
• Promote collaboration and face to face interaction.

• Minimum of 2 to 4 years of relevant experience with requisite competencies
• Bachelor’s degree in Business, Finance, or related field.
• Relevant certifications (ACAMS) are preferred, not required.
• Proficiency in transaction monitoring systems (i.e. Verafin, EY Cognitive Investigator)
• Experience with analytics tools (i.e. , Quickbase)
• Strong understanding of BSA/AML regulations and best practices.
• Prior experience within a Sr. Analyst and/or Team Lead transaction monitoring, BSA/AML role.

This position requires travel to support business needs, including team collaboration, internal trainings,…