BSA​/AML Team Leader

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Regular Full-Time Professional Newtown, CT, US

9 days ago Requisition

Salary Range: $58,200.00 To $83,600.00 Annually

Location:

Newtown, CT

Newtown Savings Bank is seeking a dedicated, experienced, banking professional to fill our role of BSA/AML Team Leader
. The BSA/AML Team Leader is responsible for the day-to-day management of various Anti-Money Laundering (AML)/Bank Secrecy Act (BSA) compliance reports, systems, and tasks. Supervises BSA/AML staff, assesses work performance and any training/coaching needs, delegates assignments, and performs a variety of BSA/AML tasks including key operational controls (i.e., secondary reviews of work completed by others, etc.). Acts as a first escalation point for BSA/AML staff.

The BSA/AML Team Leader is responsible for ensuring all BSA/AML tasks are completed in a timely manner, in compliance with all regulatory requirements and in accordance with the Bank’s documented policies and procedures. Additionally, the Team Leader is responsible for ensuring department reporting (e.g., KPIs) is regularly and accurately produced.

This role interfaces directly with the Bank’s auditors/examiners as well as various levels of Bank Management. Works cross-functionally with other areas of the Bank to identify/address opportunities for improvement and in support of Bank initiatives. Acts as the primary liaison to vendors/providers of BSA/AML solutions for daily operations. Assists management in the development and implementation of new/revised workflows, procedures and/or system enhancements.

This is an onsite opportunity at our Corporate office in Newtown, CT. The role has a remote option of one day per week.

• Administrative – Provides guidance and training to team members regarding processes and procedures and ensures that team members are cross trained. Maintains BSA department training tracker. Supervises daily performance of the BSA department and ensures daily/weekly/monthly tasks are completed in a timely manner.
• AML/BSA Monitoring – Perform BSA/AML alert review and report/investigate questionable activities to BSA Officer through case management. Responsible for select reviews including cash aggregation, FATF, international transportation of currency, monetary instruments, and OFAC.
• AML/BSA Regulatory Reporting – PreparesCTRs, SARs, and other related reporting. Conducts review of Currency Transaction Reports (CTRs) and queues CTRs for submission to FinCEN.
• AML/BSA System – Provides support with AML/BSA software release testing/verification, periodic parameter reviews, and suspicious activity detection system validations to ensure effective detection efforts. Under BSA Officer direction, updates system parameters and documents changes.
• Audits/Exams – Supports BSA Officer with audit, state and federal exam preparations and participates in AML/BSA audits/exams as needed. Stays current with changes in AML/BSA regulations and trends; develops related procedures or revisions to the BSA/Customer Information Program (CIP) in conjunction with the BSA Officer.
• Case Management & Investigations – Maintains detailed case notes and documentation including communications between business units and documentary support of findings. Conducts analysis of transactional data to make determinations of irregular activity by understanding industry norms, historical customer activity, and regulatory definitions of suspicious activity. Exercises solid judgment while examining, identifying, and documenting suspicious account activity behaviors and patterns.
• Communications – Interacts with internal customers to…