AML Manager

LMCU•Grand Rapids, MI

2d•Onsite

About The Position

The AML Manager will be responsible for providing oversight and management of Anti-Money Laundering related activities, including suspicious activity monitoring, investigations, SAR reporting, FinCEN 314(a) requests, transaction monitoring system administration, relevant USA PATRIOT Act requirements, and maintaining timely and accurate reports. This position will work with impacted departments to ensure regulatory requirements are addressed and incorporated into daily functions and written procedures. The AML Manager may communicate with branch and other member-facing business units to ensure LMCU's policies are followed.

Requirements

Five to eight years of similar or related experience.
A bachelor's degree in a business-related field of study.
Obtain or be in process of obtaining compliance-related certification (CRCM, CAMS, CBSAP, CFE).
Must have good working knowledge of Symitar, Application Extender/OnBase, AML software products, SAR processes, FinCEN 314(a), and general computer skills.

Responsibilities

Oversees the Anti-Money Laundering (AML) Program including suspicious activity monitoring, SAR reporting, USA PATRIOT Act compliance, and financial crimes compliance functions, and provides guidance to stakeholders regarding financial crime risk exposure and related operational decisions.
Participates in and oversees account activity reviews for suspicious activity analysis, investigation, escalation, and reporting while establishing parameters and standards for completing reviews.
Responsible for maintaining AML software and monitoring systems to ensure alerts, case workloads, thresholds, and investigative workflows remain appropriate based on risk, size, complexity, products, and services.
Oversees FinCEN 314(a) requests, law enforcement inquiries, information sharing activities, and related regulatory obligations.
Directly assists the in updating AML risk assessments, identifying emerging financial crime risks, and recommending mitigating controls.
Provides support and backup coverage to the BSA Operations Manager and collaborates on examinations, audits, procedures, and overall program administration.
Adhere to and champion our core values of curious minds, collaborative hearts, and continuous excellence
Must comply with applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control.