Remote Senior Vice President, Bank Secrecy Act/Anti-Money Laundering Officer

Summary

Join our team as a BSA/AML Compliance Officer, responsible for overseeing the Bank Secrecy Act Compliance Program and ensuring compliance with industry standards and regulatory guidance. Develops policies and procedures, performs quality control reviews, and manages the Financial Intelligence Unit.

Requirements

• 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

Responsibilities

• Develops, maintains, and enforces corporate policies and procedures regarding BSA/AML compliance
• Establishes, chairs, and reports to appropriate governance structures including working groups and committees
• Reports and advises the organization's Executive Risk Committee and the Board of Directors on a regular basis
• Directly manages policy, guidelines, and general governance through staff and assigned departments
• Manages the Financial Intelligence Unit's operations and capacity planning directly through staff and assigned departments
• Manages and administers the Actimize platform directly through staff and assigned departments
• 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
• Manages customer and account level fraud on behalf of the organization
• 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

Benefits

• Health insurance
• 401(k) retirement benefits
• Life insurance
• Disability benefits
• Paid time off