BSA/AML Operations Manager

IntelliPro Group Inc.•Plano, TX

2d•Hybrid

About The Position

Strengthen and lead the development of BSA/AML program elements to support the growth of the bank. These program elements include but are not limited to enhancing controls to prevent and detect potential money laundering activity, implementation of client risk rating methodologies, 3rd party oversight, and Know Your Customers (‘KYC') programs. Responsible for coordinating and monitoring day-to-day BSA/AML compliance along with managing all aspects of the BSA/AML compliance program, including managing the bank's compliance with BSA regulatory requirements. Lead BSA/AML/OFAC risk assessments for new and improved product and service development enterprise-wide, including evaluating inherent risk and exposure as well as applicable control environment or control augmentations needed for feasible execution and launch of products and services. Responsible for ensuring that third-party service providers are complying with the requirements of BSA/AML and OFAC. Serve as the BSA/AML/OFAC SME on enterprise-wide programs and projects Provide day to day leadership to BSA/AML/OFAC team members Develop and conduct training for the business lines related to new and ongoing fraud and AML suspicious activity typologies. Escalate identified risks to team leadership up to and including the Chief Compliance Officer and Board of Directors. Keeps current on regulatory expectations and requirements related to the Bank Secrecy Act and other related regulations. Collaborate with TFSB and affiliate fraud departments to ensure that Bank Secrecy Act requirements are consistently met

Requirements

Four-Year College Degree (BA or BS)
Relevant work experience (in a similar field and/or industry)
Experience with BSA/AML financial crimes investigations including money laundering, identify theft, terrorist financing, red flags for various transaction activities, fraud, etc.
Experience providing leadership, development, and strategic direction as a team leader
Experience interacting successfully with state and federal banking regulatory

Nice To Haves

Advanced Degree.
Professional certifications including Association of Certified Anti-Money Laundering Specialists, Associate of Certified Fraud Examiners (ACFE)Association of Certified Financial Crime Specialists,(ACFCS), and/or Certified Regulatory Compliance Manager is a plus.
Experience with regulatory compliance processes and procedures pertaining to the Bank Secrecy Act/USA Patriot Act and the Office of Foreign Asset Control (OFAC) including program development and maintenance

Responsibilities

Enhancing controls to prevent and detect potential money laundering activity
Implementation of client risk rating methodologies
3rd party oversight
Know Your Customers (‘KYC') programs
Coordinating and monitoring day-to-day BSA/AML compliance
Managing all aspects of the BSA/AML compliance program
Managing the bank's compliance with BSA regulatory requirements
Lead BSA/AML/OFAC risk assessments for new and improved product and service development enterprise-wide
Evaluating inherent risk and exposure as well as applicable control environment or control augmentations needed for feasible execution and launch of products and services
Ensuring that third-party service providers are complying with the requirements of BSA/AML and OFAC
Serve as the BSA/AML/OFAC SME on enterprise-wide programs and projects
Provide day to day leadership to BSA/AML/OFAC team members
Develop and conduct training for the business lines related to new and ongoing fraud and AML suspicious activity typologies
Escalate identified risks to team leadership up to and including the Chief Compliance Officer and Board of Directors
Keeps current on regulatory expectations and requirements related to the Bank Secrecy Act and other related regulations
Collaborate with TFSB and affiliate fraud departments to ensure that Bank Secrecy Act requirements are consistently met