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Overview

This position is principally responsible for conducting and documenting financial crimes oversight of lines of business within the Bank as well as subsidiaries in the bank holding company structure. The person in this role will work closely with business leaders to provide oversight, identify, and understand emerging risks, and facilitate consultative guidance /direction through implemented changes.

Additionally, the person in this role will assist their team with oversight of the business of interest enhanced due diligence (EDD) process (prospects/clients that fall within certain high-risk industries), and conduct credible challenges of EDD reviews by the first line of defense.

*This position can work remote from anywhere within the United States.

Responsibilities

• Sub/Bank Oversight (65%)
• Business Support and Engagement (15%) - Has direct, recurring engagement with points of contact in various business units throughout the enterprise. Provides guidance on complex and emerging financial crimes compliance risk scenarios. Facilitates communication between first and second line of defense where appropriate. Memorializes key updates from meetings through notes.
• Documentation and Reporting (50%) - Documents existing financial crimes processes and key information regarding the business units. Analyzes existing policies, procedures and controls to drive risk-based oversight and to identify potential compliance gaps. Drafts "know your business" profiles. Analyzes and credibly challenges reporting provided by lines of business. Develops periodic reporting to communicate key updates and emerging risks regarding program and business units to senior leadership.
• Business of Interest Credible Challenge (25%)
• Credible Challenge (25%) - Conducts credible challenge reviews of business of interest clients and prospects, including those in high-risk industries. Identifies BSA/AML risks, drafts well-supported, clear, concise challenge memoranda. Partners with first line of defense, challenges ideas and comes up with effective, collaborative solutions.
• Financial Crimes Compliance Expertise (10%)
• Maintains expertise and stays abreast of current or changing laws, regulations, requirements, policies, and procedures that affect assigned area of the Bank holding company structure (may include broker-dealers, wealth/registered investment advisors, insurance, loan businesses, in addition to traditional banking).
• Maintains working knowledge of key updates and regulations in high-risk client industries, including crypto/Web3.0, payment processors/MSBs, and cannabis-related businesses, among others.
• Serves as a resource to management, business units, and peers on compliance-related matters.

• Bachelor's Degree and 6 years of experience in Compliance, Legal, Audit, Banking, or other related experience OR High School Diploma or GED and 10 years of experience in Compliance, Legal, Audit, Banking, or other related experience

• CAMS certification
• BSA/AML subject matter expertise
• Strong writing competency
• Ability to provide constructive, actionable feedback/guidance
• Experience working collaboratively across teams to resolve conflict
• Crypto/Web3.0 interest and/or subject matter expertise