BSA Investigations Supervisor

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The BSA Investigations Supervisor is responsible for leading a team responsible for executing investigations focused on BSA/AML/OFAC Compliance for our Banking-as-a-Service (Baas) Financial Crimes Risk Management Team. The supervisor plays a critical role in maintaining operational excellence, mitigating financial crime risk, and ensure compliance with applicable laws and internal standards. The BSA Operations Supervisor supports the Department by performing duties either personally or through subordinates.

• Executes against a robust BSA/AML/OFAC and Fraud Risk Management operational processes in alignment with Policies to effectively detect, investigate and report suspicious activity. Works with Management to assign and direct work, establish team goals, evaluate employee performance, and resolve issues. Creates performance goals and deadlines to align with the overall objectives of the department and the company.
• Applies in-depth knowledge of the Bank’s business lines, systems, and product offerings to optimize monitoring and investigative functions, and identifies the updates needed for new products and services.
• Provides training and mentorship to the team fostering professional development and technical skills.
• Develops and maintains procedures, and provides recommendations for improved processes, investigation methods, risk mitigation, and efficiency.
• Assures all required regulatory reporting is conducted in a timely, accurate, and compliant manner. Regulatory Reporting typically includes Suspicious Activity Reports (SAR), and 314 (b) requests.
• Assists in developing critical measurements and reporting, to ensure regulatory requirements, service levels, and compliance standards are being met.
• Assists in investigative work as needed, and provides analysts with guidance on their decisions.
• Maintains a high level of sensitivity and confidentiality in all interactions with internal and external resources.
• Performs other duties as assigned.

• Bachelor’s degree or combination of equivalent education and work experience, required.
• 5+ years' experience in BSA/AML, fraud, analysis or account monitoring, required.
• 2 or more years’ of management experience in BSA or Fraud of financial institution, preferred.
• At least one of the following certifications preferred:
  Certified Anti-Money Laundering Specialist (CAMS), Certified AML and Fraud Professional (CAFP), or similar certification.

• Ability to develop others and build collaborative relationships.
• Strong analytical and conceptual thinking skills, with the ability to independently solve problems and make decisions, and organize and express ideas clearly.
• Comprehensive knowledge of BSA/AML regulatory requirements, fraud risks and monitoring and investigation techniques.
• Ability to maintain composure in stressful situations, including resolving problems or concerns with potentially upset customers.
• Ability to proactively identify potential concerns and follow-up in a timely manner to resolve issues.
• Strong commitment to ethics, and the ability to understand a variety of issues and perspectives.
• Ability to identify relevant BSA, AML/CFT and OFAC risks associated with key banking products, services and customers.
• Ability to effectively manage multiple projects and related tasks.
• Strong critical thinking, writing and communication skills.
• Understanding of the banking industry, including bank partnerships with fintech companies.
• Multitask effectively and action matters promptly both independently and in a team environment.
• Handle highly confidential information with appropriate discretion and work in a high volume, fast paced environment.

Sioux Falls, SD $-$ 1 month ago