BSA/AML Compliance Manager

The BSA/AML Compliance Manager position is responsible for assisting the BSA Operations Manager with the daily monitoring, assessment, and maintenance of the BSA Department's AML processes and procedures, and ensures timely review and submission of Suspicious Activity Reports (SARs). This position oversees work performed by AML Case analysts in adherence of established Bank policies and procedures to meet all federal and state laws and regulations by performing the following duties.

Primary duty for this role involves the review of customer and account related information to assess the overall relationship and provide recommendations to management and executive teams. This review may involve the discovery of negative news, suspicious behavior or other risk related information which will require this position to provide weigh all risk factors and provide a conclusion and recommendation. These recommendations may often focus on the viability of retention of the relationship and/or other matters of significance relating to the Bank's customer base and account relationships.

The decisions and recommendations made by this position shall be relied upon by the BSA Operations Manager and may have a direct impact on the business operations and the servicing of customer accounts, which may also carry legal and regulatory compliance obligations. Often these case reviews may also lead to development of metrics, trend information, and written analysis which the BSA/AML Compliance manager will perform to substantiate any risk related recommendations, which may include changes to the BSA Program.

This role also involves a level of discretion and independent judgment in the assessment and presentation of various decision options to management as well as carrying out major assignments in the effective operational implementation of the Bank's BSA Program.

Essential Functions

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Provides daily guidance, expertise and mentoring to the AML Case team.
• Review AML case alerts generated by the Bank's transaction monitoring system, cases created from alerts, suspicious activity referrals, subpoena, 90 day reviews, SAR filings etc. to ensure processes consistently meet regulatory requirements and internal procedures as assign to team members as needed.
• Demonstrates success producing high quality case reviews and managing key processes, functions and/or special projects, which may include:
  • Requests for Information to branches, Account Review Committee and manages other communications with the lines of business within the Bank; monitoring, assigning and tracking suspicious activity referrals from branches and other lines of business; quality control activities to ensure that cases are submitted timely and are completed per the established format.
• Provides secondary review of work completed by AML Case team, to include case review and approvals on behalf of the BSA Operations Manager.
• Ensures all SARs are filed are timely and NSARs are completed by established due dates.
• Draft and provide QA results of the Case team monthly to the BSA Operations Manager and recommendations for processes, controls, and/or procedural enhancements. Tracks and validates the implementation of remedial actions submitted by the case team to verify that the QA findings are remediated.
• Develops, maintains and updates key metrics for the BSA Operations Manager and Senior Management.
• Supports the monitoring, assessment and maintenance of automated and manual case management systems, including those used for the creation and filing of SARs.
• Conducts reviews on special cases as assigned, to include research on Senior Management requests and other sensitive, complex or urgent reviews, as needed.

Other Duties

• Assists with the revision, preparation, and dissemination of new and updated AML processes, procedures and job aids; examines Bank policies, procedures, and practices to ensure compliance with laws and regulations.
• Assists the BSA Operations Manager in project management and documentation processes for AML systems and procedures, including developing and maintaining detailed implementation plans; compiling and presenting metrics on alert and case completion rates; and ensuring that project deadlines are met, as needed.
• Stay informed of related regulatory matters through Federal agency updates and guidance and through industry webinars and conferences.
• Support other duties and responsibilities within the BSA Operations Unit's area of responsibility, as required by the BSA Operations Manager.
• Complies with all policies and procedures as applied to the Bank's BSA/AML policy.
• Perform other duties as assigned.

Skills/Abilities

• Strong project and time management skills, including the ability to manage time effectively to meet deadlines and perform work on a variety of projects/functions simultaneously.
• Able to communicate effectively to a broad audience, including lines of business, bank executives and/or audit and regulatory personnel, and in both written and verbal formats (including technical writing to support documentation of systems procedures).
• Working knowledge of BSA and AML-related functions, reporting requirements, and systems in a financial institution setting.
• Highly experienced with Office applications, including word-processing, spreadsheet, and presentation software. Advanced Office skills (particularly Excel and Access) preferred.
• Experience with Jack Henry Banking software systems, including Verafin, Silverlake, and Vertex is desired.

Supervisory Responsibility

This position has supervisory responsibilities.

Work Environment

This job operates in a clerical office setting. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines. Office environment with job duties conducted via telephone, face to face meetings, and on the computer.

Physical Demands

This position requires manual dexterity, the ability to lift files and opening cabinets. This position requires bending, stooping or standing as necessary.

Travel

Travel may be required for this position.

Education and Experience

• Bachelor's degree in a related field or additional equivalent relevant experience required.
• Minimum 5 years business and/or functional experience in the area of AML, with a financial service provider and/or related government entity (e.g., FinCEN or OFAC).
• CAMS, CFE, CAFP or CRCM certification preferred.

Equal Opportunity/Affirmative Action Employer M/F/disability/protected veteran status

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.