BSA​/AML Program Lead - Ford Credit Bank

We are the movers of the world and the makers of the future. We get up every day, roll up our sleeves and build a better world -- together. At Ford, we’re all a part of something bigger than ourselves. Are you ready to change the way the world moves?

Ford Motor Credit Company ("Ford Credit"), has received regulatory conditional approval to form Ford Credit Bank (the "Bank") to be headquartered in Salt Lake City, Utah. The Bank will create innovative and simplified banking solutions to help customers across the country finance the purchase of new Ford vehicles, parts, accessories, and software and earn competitive rates on FDIC-insured savings accounts and certificates of deposit.

The Bank will be a direct and wholly owned subsidiary of Ford Motor Credit Company(“Ford Credit”), an indirect wholly owned subsidiary of Ford Motor Company(“Ford”).

Get in on the “ground floor” of building a de novo Bank and setting the foundation of the Bank’s Compliance Team! The Bank’s Compliance Team is a crucial component of the second line of defense in the Bank’s risk management framework. We work collaboratively across all business units to foster a culture of compliance and ensure adherence to all applicable laws, rules, regulations, and internal policies.

We are looking to hire a BSA/AML Program Analyst who will work directly with the BSA/AML Officer to perform various reviews and monitoring pertaining to the Bank Secrecy Act (“BSA”), USA PATRIOT Act, Anti-Money Laundering and Sanctions Program, including Customer Identification Program (“CIP”) and Know Your Customer (“KYC”) compliance using industry standard and regulatory guidance to ensure the Bank’s compliance efforts are maintained daily.

This position is required to be fully knowledgeable and skilled in all areas of the BSA/AML department and will report to the BSA / AML Officer.

• Conduct customer KYC reviews, including CIP, customer due diligence (“CDD”) and enhanced due diligence (“EDD”), as applicable, as part of the Bank’s AML Program
• Monitor, review, and action BSA/AML and Sanctions compliance alerts, including but not limited to unusual activity, OFAC, Politically Exposed Persons (“PEP”), 314(a) screening, and adverse media alerts, as applicable
• Independently conduct comprehensive investigations on confirmed screening matches, potential suspicious activity related to money laundering, fraud, or terrorist financing, and recommend when to file Suspicious Activity Reports (SARs)
• May assist in filing of SARs, as necessary
• Assist the BSA/AML Officer in complying with all sanctions-related risk and regulatory requirements
• Assist the BSA/AML Officer in reviewing and responding to requests from law enforcement, such as 314(a) related communication and other legal requests
• Assist with completing the Bank’s BSA/AML and Sanctions Risk Assessments
• Contribute to projects to improve and optimize the Bank's BSA/AML Program
• Support the BSA/AML Officer to ensure BSA/AML and Sanctions training is completed by appropriate Bank employees, training content is appropriate and up to date, and provide additional training, as required
• Perform quality assurance (QA) related tasks, as necessary
• Assist the BSA/AML Officer in ensuring third party service providers and/or affiliates are meeting AML Program related requirements under the applicable Service Level Agreements (“SLAs”)
• Perform customer and transaction analytics to identify trends and make recommendations to improve the Bank’s transaction monitoring solutions
• Collaborate with Support, Risk, Cyber, and other teams within Ford Bank
• Travel up to 10% of the time

The Minimum Requirements We Seek

• Bachelor’s degree preferred or equivalent banking experience
• Four years of general banking or regulatory agency experience, with an emphasis in compliance or minimum of 2+ years of direct experience supporting BSA, AML, and/or Sanctions/OFAC compliance
• Understanding of BSA, AML, and Sanctions regulatory requirements and thorough working knowledge of the related processes
• Familiarity with all functional areas of banking
• Excellent oral and written communication skills
• Creative and analytical…