BSA/AML Program Lead - Ford Credit Bank

Ford•Salt Lake City, UT

About The Position

Conduct customer KYC reviews, including CIP, customer due diligence (“CDD”) and enhanced due diligence (“EDD”), as applicable, as part of the Bank's AML Program Monitor, review, and action BSA/AML and Sanctions compliance alerts, including but not limited to unusual activity, OFAC, Politically Exposed Persons (“PEP”), 314(a) screening, and adverse media alerts, as applicable Independently conduct comprehensive investigations on confirmed screening matches, potential suspicious activity related to money laundering, fraud, or terrorist financing, and recommend when to file Suspicious Activity Reports (SARs) May assist in filing of SARs, as necessary Assist the BSA/AML Officer in complying with all sanctions-related risk and regulatory requirements Assist the BSA/AML Officer in reviewing and responding to requests from law enforcement, such as 314(a) related communication and other legal requests Assist with completing the Bank's BSA/AML and Sanctions Risk Assessments Contribute to projects to improve and optimize the Bank's BSA/AML Program Support the BSA/AML Officer to ensure BSA/AML and Sanctions training is completed by appropriate Bank employees, training content is appropriate and up to date, and provide additional training, as required Perform quality assurance (QA) related tasks, as necessary Assist the BSA/AML Officer in ensuring third party service providers and/or affiliates are meeting AML Program related requirements under the applicable Service Level Agreements (“SLAs”) Perform customer and transaction analytics to identify trends and make recommendations to improve the Bank's transaction monitoring solutions Collaborate with Support, Risk, Cyber, and other teams within Ford Bank

Requirements

Four years of general banking or regulatory agency experience, with an emphasis in compliance or minimum of 2+ years of direct experience supporting BSA, AML, and/or Sanctions/OFAC compliance
Understanding of BSA, AML, and Sanctions regulatory requirements and thorough working knowledge of the related processes
Creative and analytical thinker who can manage multiple activities to completion within set deadlines
Comprehensive understanding of general banking compliance regulations and laws
Comprehensive understanding of general banking operations activities, products, and services
Expertise in Microsoft products, such as Excel, Word, PowerPoint
Ability to communicate effectively with staff at all levels
Certification from the Association of Certified Anti-Money Laundering Specialists (ACAMS)
Ability to proactively identify and assess potential concerns and risks

Nice To Haves

Experience working for a fully online or virtual bank
Understanding of direct or indirect auto lending banking products

Responsibilities

Conduct customer KYC reviews, including CIP, customer due diligence (“CDD”) and enhanced due diligence (“EDD”), as applicable, as part of the Bank's AML Program
Monitor, review, and action BSA/AML and Sanctions compliance alerts, including but not limited to unusual activity, OFAC, Politically Exposed Persons (“PEP”), 314(a) screening, and adverse media alerts, as applicable
Independently conduct comprehensive investigations on confirmed screening matches, potential suspicious activity related to money laundering, fraud, or terrorist financing, and recommend when to file Suspicious Activity Reports (SARs)
May assist in filing of SARs, as necessary
Assist the BSA/AML Officer in complying with all sanctions-related risk and regulatory requirements
Assist the BSA/AML Officer in reviewing and responding to requests from law enforcement, such as 314(a) related communication and other legal requests
Assist with completing the Bank's BSA/AML and Sanctions Risk Assessments
Contribute to projects to improve and optimize the Bank's BSA/AML Program
Support the BSA/AML Officer to ensure BSA/AML and Sanctions training is completed by appropriate Bank employees, training content is appropriate and up to date, and provide additional training, as required
Perform quality assurance (QA) related tasks, as necessary
Assist the BSA/AML Officer in ensuring third party service providers and/or affiliates are meeting AML Program related requirements under the applicable Service Level Agreements (“SLAs”)
Perform customer and transaction analytics to identify trends and make recommendations to improve the Bank's transaction monitoring solutions
Collaborate with Support, Risk, Cyber, and other teams within Ford Bank