Financial Crimes Manager (AML/BSA), Remote

Inspira Financial•Oak Brook, IL

8h•Remote

About The Position

The Financial Crimes Manager will report to the Senior Director, Financial Crimes in the Compliance Department. This role is responsible for managing a team that performs a variety of duties to assist Millennium Trust with compliance with the Bank Secrecy Act (BSA), Office of Foreign Assets Control (OFAC), USA PATRIOT Act, and other anti-money laundering (AML) laws and regulations with the primary responsibility being to review transactional data to identify, report, and prevent suspected money laundering, identity/account theft and potential investment fraud. The ideal incumbent will be organized, self-motivated, and have strong analytical skills.

Requirements

7-10 years of experience, 1-3 years of leadership experience
Bachelor’s Degree in Business, Finance, Accounting or related field
Expertise of trust accounting systems, IRAs and alternative assets
Expertise of Bank Secrecy Act (BSA) requirements
Experience filing suspicious activity reports (SARs) and reviewing for OFAC and CIP
High attention to detail and strong organization skills
Ability to research complex materials
Strong analytical skills
Self-motivated and resourceful
Superior communication (written and verbal) and interpersonal skills
Proficient with MS Suite and comfortable using technology
Detail oriented and able to work independently Ability to work through problems by listening, thinking through all issues, and responding appropriately
Team focused and able to build strong working relationships

Nice To Haves

CAMS preferred
IRA/IRS rules and regulations knowledge and experience preferred

Responsibilities

Oversee day-to-day reviews of business-related questions to Compliance
Identify, recommend and execute potential solutions to monitor, detect, or prevent money laundering or terrorist financing activity
Conduct regulatory research on red flags and effectively communicate findings and potential impact on Company operations
Act as a BSA, AML, and OFAC subject matter expert to identify process improvements, develop and present content to various audiences, and respond to inquiries from internal business partners
Keep abreast of new rules, regulations and brand/reputation risks to assist in development, implementation and revision of current policies and procedures
Review client documents for IRA compliance and firm acceptability purposes
Assist in resolving and responding to client complaints
Provide compliance guidance to standard employee questions
Help prepare compliance trainings and communications
Support the Senior Director with the execution of compliance risk assessments
Assist with identifying ongoing and targeted compliance monitoring
Other duties as assigned
Providing regular and ongoing employee feedback (positive and constructive) and performing mid-year and annual reviews
Provide an advisory role for the business as the SME on Financial Crime; Produce regular management information and data for reporting on Financial Crime risks to be presented to CRM and Executive Management; Identifying staffing needs, and interviewing and training new staff
Develop and manage team schedules including coordinating PTO, Compliance inbox coverage and reviews