Vice President AML CFT Officer

Job Details

Job Location
Northbrook - NORTHBROOK, IL

Position Type
Regular Full-Time

Job Category
VP

Description

This position reports to Chief Risk Officer.

Basic Function

Responsible for developing, implementing and administering all aspects of the Anti-Money Laundering (AML)/ Countering the Financing of Terrorism (CFT)/Sanctions Compliance Program in accordance with applicable laws, guidelines and regulations.

Essential Duties

Manage AML/CFT/Sanctions Program:

• Determine effects of AML/CFT/Sanctions laws and regulations on Bank policy, procedures, processes and risk assessments
• Implement changes to Bank policy, procedures, processes and risk assessments to ensure compliance with AML/CFT/Sanctions laws and regulations
• Manage AML/CFT/Sanctions Audits and Exams

Review, Monitor and Analyze the following reports and items:

• Reporting on Verafin for AML/CFT/Sanctions, CTRs, SARs, wires, monetary instruments, etc.
• Cash reports from Fiserv and Verafin, $3,000 to $10,000 logs, kiting suspect reports, International ACH (IAT) reports
• Overdraft and deposited return checks
• Review and confirm data file transfers daily to Anti-Money Laundering software
• Rectify non-post items on ACH, ATM, Wires and Teller cash-ins or cash-outs
• Various audit and exam findings to remedy deficiencies

Create and update the following reports and items:

• Create & update Board Reports - BSA, ID Theft Red Flags, GLBA
• Create reports by request of auditors and examiners
• Update Policies, Procedures and Risk Assessments - AML/CFT/Sanctions, ID Theft Red Flags, Detection & Deterrence of Elder Financial Abuse

Perform the following training and testing:

• Annual AML/CFT/Sanctions Training
• Supplemental training when applicable

AML/CFT related Fraud Detection and Identity Theft Incidents:

• Review and analyze AML/CFT related fraud alerts on Verafin
• Assist with fraud process implementation and review
• Perform fraud monitoring and reporting
• Work with others pertaining to AML/CFT fraud related incidents and identity theft related incidents to minimize impact to client(s) and protect client(s) from additional vulnerabilities

Direct supervisory responsibilities:

• Work with Assistant AML/CFT Officer(s) with various AML/CFT/Sanctions issues, duties, projects, program enhancements and training
• Work with Teller Manager pertaining to teller non-post entries, CTRs and monetary log entries
• Work with others pertaining to missing CIP/CDD/KYC information and reports,etc.

Attend the following meetings:

• Compliance Committee Meetings
• Fraud Workgroup Meetings and Fraud Stars Meetings
• New Product, Service, Technology Meetings for new or changed product, service or technology that relate or impact AML/CFT/Sanctions
• Meetings with various areas throughout the Bank to resolve AML/CFT/Sanctions issues

Nonessential Duties

• Other duties as assigned

Qualifications

Knowledge, Skills & Abilities

• Excellent analytical skills
• Strong communication skills both verbal and written
• Detail oriented
• Ability to multi-task
• Capable of working independently
• Proficient computer skills
• Extensive knowledge of bank regulations

Training & Experience

• Bachelor's degree in Economics, Finance or Business Management or equivalent related experience
• Minimum 8 years AML/CFT Officer experience
• Previous experience in Bank operations
• Previous supervisory experience
• Microsoft proficiency
• Verafin application experience preferred
• Fiserv application experience preferred

Compensation

• Expected Salary Range: $125,000 - $140,000
• Salary will be negotiated based on relevant skills and experience as well as internal equity and alignment with market data.

Benefits

First Bank Chicago offers a comprehensive benefits package including medical/dental/vision/life insurance; 401(k); paid time off (PTO); and eligibility for an annual bonus. For a complete listing of benefits, please visit our website:https://firstbankchicago.com/Employee-Benefits.

First Bank Chicago is an Equal Opportunity Employer: disability/veteran

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