AML/BSA/OFAC Manager

Bessemer Trust • New York, NY

2d • Hybrid

About The Position

The AML/BSA/OFAC Manager supports the firm’s financial crimes compliance program, with a focus on AML, CFT, and sanctions compliance. This role is responsible for conducting investigations, monitoring client activity, and preparing regulatory reports, while also providing support for broader program initiatives. The AML/BSA/OFAC Manager works closely with the BSA Officer to ensure compliance with internal policies and applicable regulatory requirements.

Requirements

• Bachelor’s degree in finance, legal, criminal justice, or a related field; relevant certification (e.g., CAMS) preferred.
• 10+ years of AML, financial crimes compliance, or related experience within a financial services environment.
• Working knowledge of AML/CFT and sanctions regulatory requirements (e.g., BSA, USA PATRIOT Act, OFAC, FinCEN guidance).
• Experience with AML monitoring and case management systems (e.g., FCRM or similar tools).
• Strong analytical and investigative skills with attention to detail.
• Ability to manage multiple priorities and work both independently and collaboratively in a small team environment.
• Effective written and verbal communication skills.
• High level of integrity, professionalism, and discretion in handling sensitive information.

Nice To Haves

• Relevant certification (e.g., CAMS) preferred.

Responsibilities

• Review and investigate alerts generated by AML transaction monitoring and sanctions screening systems, determining appropriate disposition and escalation as needed.
• Analyze client activity, account behavior, and supporting documentation to identify potential suspicious activity or financial crime risks.
• Prepare and file Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs) in accordance with regulatory requirements and timelines.
• Support the review and clearing of sanctions and other screening alerts (e.g., OFAC, PEP).
• Assist in the maintenance and enhancement of AML policies, procedures, and risk assessments.
• Escalate complex or high-risk matters to the BSA Officer, providing clear analysis and recommendations.
• Stay current with applicable AML/CFT and sanctions regulations and emerging risks, raising potential impacts to the BSA Officer.
• Contribute to internal reporting, including basic metrics, trend identification, and documentation for audits or examinations.
• Participate in AML training initiatives and support the development of internal guidance materials.

Benefits

• Competitive base salary plus discretionary annual bonus for select positions
• A 401(k) plan with a generous annual profit-sharing contribution
• Personalized development and career opportunities, including tuition reimbursement support
• Comprehensive medical, dental, and vision plans with zero contributions for employee coverage
• Employee assistance (EAP) and wellness programs
• Paid time off and paid parental leave
• Employer-paid life insurance and short- and long-term disability coverage
• Legal services and financial wellness plans at no cost to employees

What This Job Offers

• Job Type: Full-time
• Career Level: Senior