Manager Financial Crimes Compliance II

MANAGER FINANCIAL CRIMES COMPLIANCE II WHAT IS THE OPPORTUNITY?

Responsible for monitoring, analyzing, and escalating matters of regulatory or legal initiatives, requirements, issues or concerns related to BSA, AML, KYC and OFAC so that timely and necessary enhancement to the Bank's BSA Program can be developed and implemented within statutory time frames utilizing sound and current compliance industry standards and practices. Responsible for the review and enhancement of the Bank's BSA Program policies and procedures, including the development of BSA related policy position documents, under the guidance of the BSA Officer.

As assigned, collaborates with compliance colleagues and business line management to conduct risk assessments in order to recommend enhancements to current policy and procedures. May supervise one or more professional staff. To provide support in the development, implementation and testing of modification and enhancements of Know Your Customer (KYC), EDD (Enhanced Due Diligence) solutions, support model design and validation, perform system configuration and reporting functions of KYC/EDD and transaction monitoring models.

Under the guidance of the BSA Officer, works with the Compliance Training Officer to ensure that ongoing management of the training content within the Bank's BSA Training program is timely and accurate and responsive in meeting job-specific compliance responsibilities throughout the Bank's various lines of business and job functions. Plays a key role as an internal consultant to colleagues throughout the organization related to the Bank's implemented BSA Program.

• Monitors and escalates issues and concerns of impact to the industry within the regulatory and legal environment to enable the Bank to respond to changes, initiatives and statutory requirements in the areas of BSA, AML, KYC, OFAC and other related areas.
• Acts as consultant to the BSA Officer in the development of official policy position and white paper documents relative to the Bank's implementation of the BSA Program's policies and procedures.
• Assists the BSA Officer in the ongoing and annual review and enhancement of the Bank's BSA Program to help ensure that policies and procedures are in compliance with legal and regulatory requirements and industry best practices.
• Under the guidance of the BSA Officer and in conjunction with the Compliance Training Officer, develops, implements, and manages the Bank's BSA compliance training program, including partnering with business lines and management to ensure timely and effective updates to BSA training content that meet job-specific BSA compliance responsibility.
• Supervises staff conducting risk assessments and performs periodic risk assessments of overall business processes to identify BSA compliance gaps and potential exposure. Analyzes and evaluates BSA compliance risks and recommends changes to policies and procedures.
• Partners with business lines in the development of new and/or updated policy and procedure related to BSA, AML and KYC Bank wide as well as internally.
• As designated by the BSA Officer, acts as a BSA, AML, OFAC and KYC regulatory consultant throughout the Bank. Communicates and escalates (as assigned) identified BSA, AML, KYC operational concerns to the appropriate level of management.
• Identifies and addresses compliance training needs by partnering with business areas and the Compliance Training and Human Resources Training areas. In conjunction with the Compliance Training Officer, is responsible for maintaining the BSA area of the Compliance Education Website.
• Partners with business units to remediate compliance findings identified in internal and external examinations.
• Maintains up-to-date knowledge of regulatory and legal requirements and industry best practices.
• Recommends changes to the "Know Your Client" process including risk model scoring changes, process changes and other changes as appropriate. Responsible for maintaining the Know Your Client website.
• Participates in and completes bank-wide projects.
• Integrates activities with other departments to accomplish common goals.
• Maintains up-to-date knowledge of Bank policies and procedures.
• Serves as resource to internal and external customers; ensures quality customer service and effective and efficient operational support.
• Applies both technical and general business knowledge to resolve the most complex issues in assigned function.
• Performs other duties as assigned or requested.
• Contributes to implementation of the solution and validation of KYC /EDD models. Designing and managing the execution of insights and analytics reporting based on the bank's AML and KYC/EDD business specifications. Writes clear and detailed business requirements for development.

• Minimum of 5 years experience in a Compliance role required.
• Minimum of 3 years experience in a BSA role required.
• Minimum of 2 years experience with Compliance Risk Assessment testing and…