Compliance Manager, Finance & Banking

AML & Fraud Compliance Manager

Our client is seeking an experienced AML & Fraud Compliance Manager to lead and oversee a comprehensive compliance program focused on anti-money laundering, fraud prevention, sanctions compliance, risk management, and regulatory oversight. This individual will play a key leadership role in strengthening compliance controls, mitigating financial crime risk, and ensuring adherence to applicable federal and international regulations.

Key Responsibilities:

• Maintain and enhance a risk-based Anti-Money Laundering (AML) compliance program.
• Oversee Customer Identification Program (CIP), Customer Due Diligence (CDD), and Enhanced Due Diligence (EDD) processes.
• Develop and maintain customer risk-rating methodologies.
• Ensure compliance with applicable AML, BSA, and financial crime regulations.
• Monitor and investigate unusual transaction activity.
• Identify potential structuring, money laundering, fraud, and other financial crime risks.
• Escalate suspicious activity and support regulatory reporting requirements.
• Conduct investigations and maintain detailed documentation.
• Lead fraud prevention, detection, and response initiatives.
• Analyze fraud trends and recommend process improvements.
• Develop internal controls to mitigate operational and financial risks.
• Oversee fraud loss reporting and remediation efforts.
• Manage sanctions screening processes and escalation procedures.
• Monitor regulatory developments and emerging financial crime risks.
• Ensure policies and procedures align with evolving regulatory expectations.
• Partner with legal, risk, and operational teams to address compliance concerns.
• Conduct periodic enterprise-wide compliance and fraud risk assessments.
• Evaluate risks associated with new products, services, and business initiatives.
• Recommend enhancements to compliance frameworks and internal controls.
• Support policy development and governance initiatives.
• Serve as a primary point of contact for internal audits, external auditors, and regulatory examinations.
• Coordinate responses to regulatory inquiries and audit findings.
• Track remediation efforts and ensure timely resolution of identified issues.
• Prepare compliance reports and presentations for senior leadership.
• Provide guidance and mentorship to compliance team members.
• Deliver training programs related to AML, fraud prevention, and regulatory compliance.
• Foster a strong culture of ethics, compliance, and risk awareness.