AML Investigations Manager

AML Investigations Manager
• Phoenix, AZ, United States

As part of the AML investigations management team for the Financial Investigations Department, the AML Manager is responsible for managing an assigned group of AML Analysts or other Financial Investigations Department team(s) as designated by the Director of Transaction Monitoring or BSA Officer. Responsible for the development, implementation and maintenance of internal controls to comply with all regulatory and legal requirements.

Oversee suspicious activity investigations including AML transaction monitoring system alerts, case work and documentation and suspicious activity reporting (SAR) as required under the Bank Secrecy Act and USA PATRIOT Act, in accordance with regulatory guidance issued by the FDIC or FinCEN. Reports to the Director of Transaction Monitoring and assists with ongoing development and improvements to the BSA / AML investigations protocols and ensures that procedures are updated to reflect current practice.

Implement measures to monitor effectiveness of AML investigators and Senior AML Investigators.

Responsible for assessment and analysis of case investigations in order to make suspicious activity determinations regarding cases prepared by AML Investigators.

Oversee assigned resources to ensure that BSA / AML investigation programs are implemented effectively and in the most cost-effective manner.

Coordinate the development of written procedures and develop processes under the guidance of the Director of Transaction Monitoring to ensure completion of required tasks. May assist in the development of enterprise-wide policies, procedures and required risk assessments.

Supervise assigned team of AML Investigators and Senior Investigators within the Financial Investigations Department.

Contact Law Enforcement agents related to criminal investigations and requests related to Suspicious Activity Reporting.

Develop AML Investigators' skills and abilities through effective one-on-one coaching and facilitating training opportunities.

Demonstrates compliance with all bank regulations for assigned job function and applies to designated job responsibilities – knowledge may be gained through coursework and on-the-job training. Keeps up to date on regulation changes.

Follows all bank policies, procedures, compliance regulations, and completes all required annual or job-specific training.

Maintain a working knowledge of the bank's written policies and procedures regarding the Bank Secrecy Act, Regulation CC, Regulation E, bank security and other regulations as applicable to this job description.

May be asked to coach, mentor, or train others and teach coursework as a subject matter expert.

Actively learns, demonstrates, and fosters the Columbia corporate culture in all actions and words.

Takes personal initiative and is a positive example for others to emulate.

Embraces our vision to become "The World's Greatest Bank."

May perform other duties as assigned.

Bachelor's Degree in business, business management, leadership, criminal justice, or related field.

4-7 years of previous banking experience with a significant emphasis in anti-money laundering compliance, including strong experience in managing AML SAR investigations or BSA/AML program management.

1-3 years of experience managing others in a compliance role.

Advanced knowledge of the Bank Secrecy Act, USA PATRIOT Act, Office of Foreign Assets Control requirements.

Ability to translate rules and regulations to actionable processes and procedures to facilitate compliance with AML rules, and maintain up‑to‑date knowledge of trends in AML and sanctions.

Ability to develop and/or enhance AML operating processes to achieve high effectiveness.

Advanced written and verbal communication skills.

Proven ability to work effectively with individuals and groups across the company to manage AML risk.

Proficient with personal computers and related software, such as Excel, Word, and other business technology.

The pay rate for the selected candidate is dependent upon a variety of non-discriminatory factors including, but not limited to, job-related knowledge,…