AML Due Diligence Manager

Centier Bank•Merrillville, IN

About The Position

The AML Due Diligence Manager is responsible for maintaining the integrity of the AML/CFT and OFAC/Sanctions functions at Centier, working with peers and external/internal clients. This role involves assisting with the development, implementation, and administration of all aspects of the AML/CFT Program. The manager will perform various quality control reviews and monitor compliance of the AML/CFT and OFAC/Sanctions, USA Patriot Act, CDD/EDD, and Customer Identification Programs, utilizing industry standard and regulatory guidance sampling methods to ensure daily compliance. The position includes direct supervisory responsibilities over the Enhanced Due Diligence (EDD) Supervisor and AML Analysts, and supporting the AML/CFT Officer to ensure regulatory compliance across all AML associates.

Requirements

Ability to empower and develop a team
Exhibits openness to others' views and maintains a collaborative approach to resolving issues across departments and functions
Contributes to building a positive team spirit to build morale
Inspires and motivates others to perform
Strong leadership, interpersonal and communication skills
Communicates clear and specific expectations
Ability to set direction and inspire
Highly organized with the ability to adapt quickly to changing priorities
Ability to appropriately reply to complex or difficult inquiries or complaints from customers, regulatory agencies, or members of the business community
Works collaboratively across functional areas to achieve results in line with corporate values and culture
Critical thinking skills
Ability to define complex problems and draw valid conclusions through research; collecting data and facts
Minimum of 5 years related or equivalent management/supervisory experience in AML/CFT or operations at a multi-billion dollar financial institution
Bachelor’s degree in business or criminal justice required or equivalent experience in lieu of a degree

Nice To Haves

CAMS certification
Compliance expert of AML/CFT and OFAC/Sanctions, USA Patriot Act, CDD, EDD, and CIP
Experience with AML/CFT and OFAC/Sanctions, software; Verafin knowledge

Responsibilities

Manage the CDD/EDD compliance function of AML/CFT and OFAC/Sanctions, for the Bank
Directly supervise the Enhanced Due Diligence (EDD) Supervisor and AML Analysts
Support the AML/CFT Officer to ensure regulatory compliance is adhered to by all AML associates
Mentor and coach the CIP, CDD and EDD team
Review EDD case files; consider recommendations for the filing of Suspicious Activity Reports
Review/sign off on EDD Reviews, account reviews, and cases
Continually review and evaluate all EDD compliance parameters throughout the Bank and make and/or recommend compliance changes where appropriate
Update, draft, and coordinate all EDD compliance policies and procedures; make changes to ensure consistency of compliance policies and procedures relative to evolving regulatory guidance and expectations to ensure that business units receive clear guidance for implementation with a focus on client impact
Review, amend, and approve all relevant Retail branch procedures and changes regarding large currency transactions, cash sale of monetary instruments, suspicious activity reporting, and all other AML related information
Supervise the Bank's CTR filing and CTR Exemption processes as well as surveillance of cash shipments
Maintain compliance with all EDD reporting and record keeping requirements
Support the AML/CFT Officer with regulatory exams and independent audits