Director Anti Money Laundering

Director Anti Money LaunderingAbout Us
Permanent Placement Solutions is an executive search firm that specializes in the recruitment and placement of high caliber professionals.About The Company
Well known fortune 500 financial services companyRegulatory Operations is seeking an experienced, well-rounded Director to manage our corporate Anti-Money Laundering operational processes (AML, OFAC, CIP, 314(a), and Anti-Boycott Reporting) across all of its lending businesses. The AML operational program is enterprise-wide, impacts multiple business units and requires significant interactions with Legal, Compliance, and Business Areas. The Director will be expected to lead specific AML process improvements, serve as the subject matter expert for cross functional projects, and provide consulting, training and coaching support to associates.Responsibilities will include:Daily management of Anti Money Laundering operational processes, which includes the management of operational performance & compliance throughout the company with the USA PATRIOT Act, the Bank Secrecy Act, Proceeds of Crime (Money Laundering) and Terrorist Financing Act, U.S. foreign sanctions administered by the U.S. Office of Foreign Assets Control (OFAC), and Canada’s OSFIDaily management of all of our North American businesses and drive the implementation of policies, procedures, and controls to prevent our company from being used for money laundering or terrorist financing and ensure compliance with OFAC sanctions
Closely manage the comprehensive end-to-end process monitoring and reporting of suspicious activity, currency transaction reporting, customer due diligence, and OFAC/OSFI/314(a) screening for the company
Communicate with regulatory and law enforcement agencies concerning anti-money laundering matters, as needed
Ensure anti-money procedural & appropriate remedial training is completed across the enterprise each year
Review the performance of the investigation & analysis of suspicious accounts detected by the use of automated system queries, OFAC & OSFI screening and potential match research, FinCEN 314(a) screening & research, and the handling of FinCEN 314b) requests
Conduct periodic, risk-based process testing/validations across business unitsEnsure various AML & CIP scripts and queries, corporate AML software, OFAC screening software, and the OFAC Case Management database are functioning as intended
Participate in the review of new business initiatives, product development, and acquisition activities in order to promote and implement functionality required to support required AML compliance.
Appropriately report significant BSA matters and provide input to the Enterprise State of Compliance Reporting.Supervise small team of Process Managers focused on AML Assurance, OFAC/OSFI, and CIP.Oversee execution of annual Anti-Boycott Reporting
REQUIREMENTS
Minimum of 3-5 years BSA experience.
Effectively organizes own and others’ time and tasks to focus on priorities and accomplish important goals and deadlines
Proven ability to work effectively with others by building open, considerate and productive working relationships. Effective at building & leading teams.
Successful at applying cross-functional insight & experience-based problem solving to shape solutions & initiate new ideasEffectively build understanding and agreement among diverse groups.Is passionate about motivating & empowering all associates to develop.
Minimum of 3-5 years of direct management/supervisory experience.
Strong drive & initiative. Highly motivated & self-directed. Regularly looks for ways to challenge the status quo and think outside of the box.
Capacity to think broadly but go deep into subject matter when needed.
Bachelor’s Degree in Business, Finance or Criminal JusticePreferred:ACAMS or other BSA Compliance certification (or strong desire to pursue)
Business Process Management Certification, Green Belt or Black Belt Certification (or strong desire to learn)
Flexibility to travel to various locations if neededCompensation:
Commensurate with experience
Generous base salary, incentive bonus, and comprehensive benefits
CareerBuilder Related Terms:AML, OFAC, BSA, "Green Belt", "Black Belt"