Manager Financial Intel Services Senior

WHAT IS THE OPPORTUNITY?

Management and accountability of the Bank's Financial Crimes Compliance (FCC) department responsible for the bank's OFAC and transaction monitoring (TM) solutions as a critical function within the detection and prevention control environment. This Senior Manager will drive the bank's transaction monitoring and OFAC enterprise solution strategy, including introducing advanced analytics, rationalizing use of various detection monitoring and interdiction tools, in compliance with FinCEN red flags, conducting annual product/service coverage assessments, and overseeing data analysis and rules optimization.

The Senior Manager will require the interpersonal skills to conduct cross-functional collaboration and communication with technology, business colleagues, compliance and parent company, RBC, risk management at all levels of management for the purposes of developing, improving and maintaining the Bank's FCC Detection and Prevention program. Duties include ensuring the bank's TM coverage complies with FinCEN regulatory requirements/red flags, data used in AML systems/tools are complete and accurate, rules are tuned and tested periodically, and models and documentation meet bank Model Risk Management requirements.

The Senior Manager shall work with Technology and Innovation and BSA Financial Intelligence teams to set the priority of transaction monitoring rules/segments requiring tuning and testing for optimal performance. The Senior Manager will have the opportunity to explore use of Artificial Intelligence tools, such as Machine Learning and Natural Language Processing, to further enhance and target detection scenarios and risk themes.

Regarding OFAC solutions, the manager shall be responsible for keeping current U.S. and Canadian sanctions lists and any other applicable prohibited lists in accordance with bank requirements. The Manager will oversee OFAC system scores' tuning and testing, annual system validations, and model documentation. Working with OFAC Program stakeholders, the Senior Manager will also be able to influence, rationalize and improve OFAC solutions in use at the bank.

The Senior Manager will be responsible for direct oversight of vendors in use at the bank to carry out all necessary TM and OFAC system responsibilities.

• Design and enhance best-in-class AML compliance transaction monitoring and OFAC practices, leveraging industry best practices and advanced tools to detect and prevent financial crimes.
• Support financial crimes and OFAC investigations processes to meet regulatory reporting time frames through workflow efficiencies.
• Accountability for the governance (e.g., completeness and accuracy) of data used on AML systems and tools.
• Manage staff with model documentation and rules/score tuning analysis, and identify areas of efficiency improvements.
• Develop data-driven insights for effective and concise management reporting to diverse stakeholders.
• Oversees new model creation and optimization of existing models in use for risk management.
• Programming languages and experience with Artificial Intelligence solutions a plus.

• Bachelor's Degree or equivalent
• Minimum 10 years in a leadership role within AML/BSA function and/or with financial industry companies
• Minimum 5 years of the Bank Secrecy Act (AML/KYC), USA Patriot Act (Anti-Terrorist Financing, correspondent banking and Customer Identification Program) and Office of Foreign Assets Control (OFAC).

• Bachelor's degree required; advanced degree, such as MBA or JD is preferred with 10 years or more equivalent experience
• Experience in working with, assessing, validating, designing, or managing various risk management, automated monitoring tools, and AML transaction surveillance systems.
• Certified Anti-Money Laundering Specialist (ACAMS)/Certified Fraud Examiner (CFE)/Certified AML and/or Fraud Professional (CAFP) is preferred.
• Ability to interact effectively with all levels of Bank personnel
• Excellent analytical, verbal and written communication skills
• Strong project management and organizational skills
• Excellent attention to detail and follow-up skills

Compensation
Starting base salary: $140,000 - $230,000 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.

Benefits
At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues including:

• Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
• Generous 401(k) company matching contribution
• Career Development through Tuition Reimbursement and other internal upskilling and training resources
• Valued Time Away benefits including vacation, sick and volunteer time
• Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and…