BSA/AML Program Lead

Ford • Salt Lake City, UT

11h • $84,480 - $162,120 • Hybrid

About The Position

Ford Motor Credit Company ("Ford Credit”), has received regulatory conditional approval to form Ford Credit Bank (the "Bank") to be headquartered in Salt Lake City, Utah. The Bank will create innovative and simplified banking solutions to help customers across the country finance the purchase of new Ford vehicles, parts, accessories, and software and earn competitive rates on FDIC-insured savings accounts and certificates of deposit. The Bank will be a direct and wholly owned subsidiary of Ford Motor Credit Company (“Ford Credit”), an indirect wholly owned subsidiary of Ford Motor Company (“Ford”).

The Bank's Compliance Team's mission is to ensure the safety and soundness of the Bank. We are looking to hire a BSA/AML Program Analyst who will work directly with the BSA/AML Officer to perform various reviews and monitoring pertaining to the Bank Secrecy Act (“BSA”), USA PATRIOT Act, Anti-Money Laundering and Sanctions Program, including Customer Identification Program (“CIP”) and Know Your Customer (“KYC”) compliance using industry standard and regulatory guidance to ensure the Bank’s compliance efforts are maintained daily. This position is required to be fully knowledgeable and skilled in all areas of the BSA/AML department and will report to the BSA / AML Officer.

Requirements

• Bachelor’s degree preferred or equivalent banking experience
• 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
• Familiarity with all functional areas of banking
• Excellent oral and written communication skills
• 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
• Good organizational and time management skills

Nice To Haves

• Certification from the Association of Certified Anti-Money Laundering Specialists (ACAMS)
• Experience with Fiserv banking core applications
• Experience working for a fully online or virtual bank
• Understanding of direct or indirect auto lending banking products
• Ability to proactively identify and assess potential concerns and risks
• Persuasive and team oriented
• Strong project reporting skills, with a focus on interdepartmental communication

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
• Travel up to 10% of the time

Benefits

• Immediate medical, dental, vision and prescription drug coverage
• Flexible family care days, paid parental leave, new parent ramp-up programs, subsidized back-up child care and more
• Family building benefits including adoption and surrogacy expense reimbursement, fertility treatments, and more
• Vehicle discount program for employees and family members and management leases
• Tuition assistance
• Established and active employee resource groups
• Paid time off for individual and team community service
• A generous schedule of paid holidays, including the week between Christmas and New Year’s Day
• Paid time off and the option to purchase additional vacation time.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level