Bank & WM AML Risk – Enhanced Due Diligence – Vice President

Bank & WM AML Risk – Enhanced Due Diligence – Vice President

Requirements

• 7+ years of relevant experience with BSA/AML Regulations within the financial services industry, or at a financial services regulator (e.g., FINRA, Securities and Exchange Commission, Office of the Comptroller of the Currency, Federal Reserve Bank, etc.)
• Bachelor’s degree in business, Finance, or other related field
• Strong knowledge of Know Your Customer, Customer Identification Program and CDD requirements
• Strong interpersonal skills and ability to communicate effectively both verbally and in writing
• Strong leadership qualities with the ability to manage teams and evidence a strong work ethic as well as a high degree of integrity
• Native or professional fluency in Spanish, Portuguese, Russian or Chinese is required

Responsibilities

• Manage the end-to-end EDD workflow of a program focused on assessing AML risks related to new and existing clients
• Actively manage and lead strategic initiatives, processes and tasks supporting the Firm’s EDD program
• Provide risk management services in support of the growth of the WM and US Banks businesses
• Lead key projects and initiatives related to assessing and mitigating the Firm’s exposure to money laundering and reputational risk-relevant activities
• Active pipeline management and engagement with Financial Advisors, Complex Management and Risk Officers to onboard new and existing International Banking & Lending client relationships
• Actively identify, measure, control and remediate money laundering and reputational risk issues with partners in Global Financial Crimes, Compliance and the Business Units
• Partner with the Business Units, including Private Bankers, Lending Advisors, and Branch Risk Officers, to ensure appropriate client on-boarding due diligence processes are enacted while providing a positive client experience
• Partner with the Second Line of Defense Global Financial Crimes Compliance teams to monitor client relationships on an ongoing basis and ensuring compliance with regulatory expectations
• Manage the implementation of internal policies, provide periodic risk relevant reporting to senior stakeholders and make recommendations to improve procedures governing AML-related activities
• Manage processes set up to complete Enhanced Due Diligence for Wealth Management and US Banks clients including reviewing customer data and documentation to satisfy BSA/AML Compliance requirements
• Provide oversight and supervisory support for AML Analysts and serve as a point of contact for questions, issues, and escalations
• Provide supervisory support and training for AML Risk EDD Reviewers and Managers through developing individual and team skills and providing timely constructive feedback
• Draft and update procedures and desktop guidance related to the client onboarding process

Preferred Qualifications

• Working knowledge of MS Office
• Experience with data and trend analysis related to the management of an AML program
• Expertise in managing programs focused on ensuring quality within AML programs
• Certified as an Anti-Money Laundering Specialist by ACAMS or equivalent AML certification/license is a plus