Financial Intelligence Unit Lead

Summary

Join Bastion's Financial Intelligence Unit as the FIU Lead and build a robust program ensuring compliance with BSA, AML, OFAC, and NYS DFS regulations. You will develop and maintain comprehensive FIU policies, procedures, and training, overseeing daily operations and investigations. This role demands deep financial crime expertise, strong leadership, and cross-functional collaboration. You will manage a team, conduct risk assessments, and collaborate with technology and legal teams. The position requires reporting to senior management and staying current on regulatory changes and industry best practices. You will also interact with law enforcement and regulatory agencies.

Requirements

• 12+ years of experience working within a regulatory, investigative, or financial intelligence agency, or as a senior compliance officer within a global firm, in the financial services industry
• Detailed experience in mitigating the harms associated with the threat of financial crime at a strategic level
• Ability to develop efficient and effective solutions to global issues
• An excellent understanding of the current FCC regulatory environment and expectations, and relevant regulations, as well as their underlying purposes to mitigate risk to the financial systems and provide information useful for law enforcement
• Leadership experience and a strategic thinker
• Excellent communications and interpersonal skills, with experience in dealing with stakeholders at all levels
• Ability to thrive in a fast-paced, dynamic environment

Responsibilities

• Develop, implement, and maintain a comprehensive FIU program, including policies, procedures, training and other controls, covering: Customer Identification Program (CIP) and Customer Due Diligence (CDD) requirements, including Customer Risk Rating (CRR) model and Enhanced Due Diligence (EDD) reviews of high-risk customers
• Sanctions screening and compliance with OFAC and other economic sanctions regulations
• AML transaction monitoring and suspicious activity identification
• Suspicious Activity Report (SAR) investigation and reporting
• Compliance with NYS DFS Part 504 requirements for transaction monitoring and filtering
• Internal and external fraud
• Oversee the day-to-day operations of the FIU, ensuring timely and accurate completion of all tasks including lead and manage Bastion’s global investigative programs related to customer identity, sanctions, customer due diligence, enhanced due diligence, anti-money laundering, countering the financing of terrorism, and fraud
• Ensure the quality and consistency of the investigations including Identify and escalate the most significant and sensitive investigations to ensure appropriate prioritization, resourcing, and investigative strategy
• Operate within a systemic capability to refer investigative findings and recommendations to other parts of Bastion for follow-on action to mitigate the identified financial crime risk, track the response, and ensure appropriate governance
• Maintain adequacy of resourcing (data, technology, human capital, managed services, etc.), and manage and mentor a team of FIU analysts and investigators
• Develop and deliver training programs on financial crime compliance for relevant teams
• Monitor evolving regulatory requirements and industry best practices, and adapt the FIU program accordingly
• Conduct regular risk assessments to identify and mitigate potential financial crime risks
• Collaborate with Technology and Data teams to ensure effective implementation and maintenance of AML and sanctions screening systems
• Partner with Legal counsel to interpret and implement relevant regulations
• Represent the company in regulatory inquiries and examinations related to financial crime compliance
• Prepare and present reports on FIU activities and metrics to the Chief Risk & Compliance Officer and other members of senior management
• Stay up-to-date on emerging financial crime trends and typologies to develop strategic capability to mitigate future threats
• Interact effectively with law enforcement, and security and regulatory agencies to further information sharing, training initiatives, and specific investigations of significance
• Foster good relationships with all counterparts in law enforcement, and security and compliance regulatory agencies

Preferred Qualifications

Passion for innovation, digital assets and the future of finance