AML Due Diligence Manager

Centier Bank•Merrillville, IN

23h

About The Position

Centier Bank is an award-winning company recognized as a "Best Bank to Work For" and a "Best Place To Work in Indiana (Hall of Fame)", built on values of Caring, Loyalty, Integrity, Friendship, and Fun. The bank emphasizes diversity, associate engagement, and a positive work-life balance, providing top training and support. The AML Due Diligence Manager is a key role responsible for upholding the integrity of the Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) and Office of Foreign Assets Control (OFAC)/Sanctions functions within Centier Bank. This manager plays a crucial part in developing, implementing, and administering all aspects of the AML/CFT Program. The position involves conducting various quality control reviews and monitoring compliance with regulations such as the USA Patriot Act, Customer Due Diligence (CDD)/Enhanced Due Diligence (EDD), and Customer Identification Programs (CIP) through industry-standard and regulatory guidance sampling methods to ensure daily compliance efforts are maintained. The role includes direct supervision of the Enhanced Due Diligence (EDD) Supervisor and AML Analysts.

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

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