About the Role:
Responsible for oversight, including developing, implementing and administering all aspects of the Bank Secrecy Act Compliance Program. Performs various quality control reviews and monitoring in the area of BSA, USA Patriot Act, AML, OFAC and Customer Identification Program compliance using industry standard and regulatory guidance sampling methods to ensure the organization’s compliance efforts are maintained. Also oversees all aspects of management of the Financial Intelligence Unit and its operational effectiveness. Keeps Executive Management, and the organization’s Board of Directors apprised of emerging BSA/AML risk issues and consults with and guides the organization in the establishment of controls to mitigate risks. Performs direct supervisory duties of assigned departments staff and is required to be fully knowledgeable and skilled in all areas of the assigned department.
What You Will Do:
- Develops, maintains, and enforces corporate policies and procedures regarding BSA/AML compliance, including the risk assessment.
- Establishes, chairs and reports to appropriate governance structures including working groups and committees.
- On a regular basis, reports and advises the organization’s Executive Risk Committee and the Board of Directors.
- Directly, through staff and assigned departments manages policy, guidelines and general governance.
- Directly, through staff and assigned departments manages Financial Intelligence Unit’s operations and capacity planning.
- Directly, through staff and assigned departments manages and administers the Actimize platform. Manages the BSA/AML rules and Customer Due Diligence and Customer Risk Rating process.
- Develops or directs the development of reports for reporting BSA/AML/OFAC to Executive Management, designated committees, and the Board of Directors.
- Completes and periodically updates methodology for the organization’s BSA/AML/OFAC Risk Assessment.
- Develops content of corporate training for all BSA/AML organization’s programs, including rewards and penalties program(s). Establishes additional training requirements for the BSA/AML Monitoring and Reporting staff.
- Provides field coordination for regulatory examinations covering any aspect of BSA/AML.
- Develops and communicates corporate policy and procedures for Suspicious Activities Reporting (SARS).
- Develops and communicates corporate policy and procedures for CTR reporting, including guidance on remedial filings and any significant CTR investigations.
- Manage customer and account level fraud on behalf of the organization. Manage and develop Fraud Management Policy and relevant procedures.
- Escalates any non-cooperative or non-compliant employees to the appropriate management and designated Human Resource representative.
- Provides supervision to BSA/AML employees, including coaching, mentoring, hiring/firing, and performance management. Adheres to and promotes organizational development for all staff under their supervision and in accordance with the organization’s policies and applicable laws.
- Other duties as assigned.
What You Will Need:
- Bachelor’s degree in economics, Business Administration or related discipline or equivalent education and work experience
- Typically, 15+ years of related experience in financial services
- 10+ years of proven track record as a BSA/AML Officer at a mid-size or large financial institution
- 10+ years of experience in governance, risk management and compliance at a major financial institution
- Experience managing large teams
- Experience with Actimize or other BSA/AML systems
- Experience with Fraud Management in banking
- Experience in dealing with regulatory agencies, executive management, Boards of Directors and other significant impact groups
- Knowledge of association guidelines and applicable regulations
- Successful Banking as Service and pre-paid card experience strongly preferred
- Experience with CAMS preferred
- Able to work in a fast paced, ever-changing environment. Ability to work with all levels of management under pressure and with tight deadlines
- Good decision-making skills
- Excellent written and verbal communication skills
- Strong organizational and multi-tasking skills
The responsibilities listed above are not all inclusive and may be changed at any time.
Salary range: $174,955.77 – $288,677.00
The salary range reflects the minimum and maximum target for a new hire in this role. Individual pay within the range will be determined by multiple factors which can include but are not limited to a candidate’s experience, qualifications, skills, and location. Your recruiter can share more about the specific salary for your location during the hiring process. Ranges may be modified in the future.
This role is also eligible for an annual performance-based incentive opportunity. Pathward offers a comprehensive benefits package for eligible employees, including health insurance, 401(k) retirement benefits, life insurance, disability benefits, paid time off, and more.
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