Manager Financial Crimes Compliance FIU

• Enhance and improve BSA specific processes and procedures which allow the bank to implement processes to comply with suspicious activity reporting and obtaining Customer Due Diligence and Enhanced Due Diligence information to ensure that the bank is effectively managing its Know your Client (KYC) program, filing timely and accurate suspicious activity reports, and ensuring automated and manual monitoring and surveillance systems are consistent with the Bank’s risk level.
• Maintain a high degree of knowledge of relevant BSA laws and regulations while monitoring new and proposed legislation and regulatory requirements, and applying applicable requirements within FCC.
• Oversees the management of the bank’s FCC investigations department, and all aspects of investigation to include alert reviews, case management, and SAR filings. Oversight of regulatory and law enforcement inquiries and voluntary information sharing (314(b)).
• Oversees the management of the Bank’s High-Risk Client Team to ensure appropriate identification, complete and accurate enhanced due diligence review and ongoing monitoring, timely reporting and escalation, and proactive collaboration with business partners.
• Will provide leadership, training, mentoring and development to associates at all levels of the FCC team and will work with the department heads to develop more robust succession planning for key roles.
• Responsible for the assessment and continuous review of organizational structures to ensure best in class practices are maintained and that there is appropriate coverage for continuous monitoring.
• Review, assess and maintain appropriate procedures within the FCC operational areas along with the institutions broader capabilities related to financial crimes.
• Develop and maintain strong and productive relationship with regulators, examiners and auditors to understand, respond to, and correct any recommendations, findings or matters requiring attention.
• Working with FCC Governance, develop, support and implement a comprehensive control infrastructure, including processes, procedures, metrics reporting and operational standards and systemic controls.
• Provide leadership, training, mentoring and development to colleagues at all levels of FIU for thoughtful and productive succession planning for key roles.
• Champions an environment and culture of self-identification and reporting of control deficiencies and continuous improvement by developing, implementing and sustaining a compliance risk self-assessment process focused on key risks (linked to key risk indicators, key performance indicators and relevant metrics) and ensuring that remediation of (in particular) high residual risk-rated items are tracking to plan and milestones on the critical path are being met.

Must-Have*

• Bachelor's Degree
• Minimum 15 years banking experience; with at least 5 – 7 years BSA/AML investigative and high-risk client review experience at a financial institution

Skills and Knowledge

• Demonstrated ability to assume progressive responsibilities and significant senior level management in a complex and evolving regulatory environment.
• Strong reputation managing critical regulatory relationships
• Proven experience operationalizing procedures and previous experience transforming FCC framework into a functioning process which operates in sync with the business.
• Experience in managing and coordinating FCC projects, risk and issues across multiple businesses and functions
• Superior organizational skills, experience working in diverse, fast-paced and demanding environments with the ability to shift gears when necessary.
• Ability to work in a matrix-management role where CNB and regional (IHC) responsibilities (against the backdrop of prioritized head office/group demands) need to be efficiently prioritized.
• Working knowledge of banking operations, government regulations, accounting principles and account reconcilement.
• Understanding of US Financial Crimes (i.e., BSA/AML, USA PATRIOT Act, Money Laundering Control Act) regulations.
• Excellent problem solving and analytical skills required.
• Good verbal and written communication skills required to interact with all levels of Bank personnel and outside contacts.
• Analytical skills and fundamental knowledge of general banking operations.
• Use of good judgment, attention to detail, internet savvy.