Bsa/Aml Suspicious Activity Manager

Job Summary

The BSA/AML Suspicious Activity Manager oversees the Suspicious Activity monitoring and reporting requirements for the Bank. The individual is responsible for overseeing a large team of individuals responsible for the related regulatory requirements, including ensuring the team has the proper training and resources to complete their work. The position is responsible for providing extensive guidance and supervision for the team based on adherences to BSA/AML compliance functions and processes.  The BSA/AML Suspicious Activity Manager is a subject matter expert regarding transaction monitoring, Suspicious Activity detection and reporting. They will implement and maintain a schedule of reviews and tasks to ensure that all related processes are completed in a manner consistent with the Bank's requirements. The BSA/AML Suspicious Activity Manager works closely with the Head of Financial Crimes and other department personnel to ensure policies, procedures, and processes are appropriate for the size and complexity of Northwest Bank. The BSA/AML Suspicious Activity Manager is responsible for providing reporting and metrics related to their operational oversight.

Essential Functions

• Manage the team with responsibilities including, but not limited to managing the workflow and workload of the team, counseling on quality standards, and expectations necessary to for alerts, cases, SARs, and the required documentation to support decisions
• Provide direct access and supervision to the team leaders, including guidance on administrative and supervision requirements, and escalated questions. Ensure the team leaders have the necessary training and resources required for oversight of the team
• Manage the Suspicious Activity monitoring and reporting program of the Bank by way of assessing the impact of key regulatory developments, sanctions, and industry best practices throughout Northwest
• Identify and implement operational efficiencies to ensure a streamlined and regulatory compliant Suspicious Activity monitoring and reporting methodology.
• Serve as liaison for regulatory examinations, audit, compliance, or other financial crime matters
• Work with the IT personnel and third-party vendors to ensure the automated transaction monitoring software is designed to detect money laundering, terrorist financing, and other financial crimes
• Responsible for effectiveness of financial crimes rules and coverage
• Provide consultative guidance to appropriate Bank personnel regarding BSA/AML matters
• Must be able to read and interpret government regulations and maintain proficient knowledge of the BSA its related regulations, including the USA PATRIOT Act
• Review and update necessary procedures to ensure compliance and adherence to regulatory expectations and industry best practices
• Evaluate and recommend industry related technology solutions to ensure that the Bank remains at the forefront of financial crimes compliance
• Independently recognize, develop, and implement cost effective financial crimes compliance solutions for the department
• Ensure compliance with Northwest’s policies and procedures, and Federal/State regulations
• Navigate Microsoft Office Software, computer applications, and software specific to the department to maximize technology tools and gain efficiency
• Work as part of a team
• Work with on-site equipment
• Ability to identify existing and potential problems, obtain and evaluate relevant information, identify possible causes of the problems, and suggest an alternative course of action including innovative or creative approaches
• Ability to allocate and effectively use information, personnel, time, and other resources necessary for implementation of Northwest’s strategic plans
• Ability to make decisions, render judgments, and take action on tasks within the scope of given authority in a timely fashion
• Ability to develop, evaluate, and implement alternative courses of action, based on correct assumptions concerning resources and guidelines, and support decisions or recommendations with data or reasoning
• Ability to present and express ideas and information effectively and concisely in an oral and/or written mode in a manner appropriate for the audience
• Ability to listen and comprehend what others are saying and facilitate the open exchange of ideas and information
• Ability to motivate and provide direction in the activities of others, appropriately assigning work and authority, in the accomplishment of goals; providing advice and assistance as required
• Ability to understand and appropriately apply procedures, requirements, regulations, and policies; maintain credibility with others on specialty matters
• Experience in managing regulatory exams and relationships with examiners and auditors
• Extensive knowledge of appropriate regulatory requirements including local and US laws, international and industry standards
• Extensive knowledge of BSA/AML and Fraud regulations, risks, and appropriate controls
• Demonstrated leadership and motivational skills
• Ability to work with regional partners, and influence and lead people
• Ability to identify existing and potential problems, obtain and evaluate relevant information, identify possible root causes of the problems, and suggest an alternative course of action including innovative or creative approaches
• Ability to allocate and effectively use information, personnel, time, and other resources necessary for implementation of Northwest’s strategic plans
• Ability to make decisions, render judgments, and act on tasks within the scope of given authority in a timely fashion
• Ability to work effectively within a team

Education + Work Experience preferred

• Bachelor’s degree or equivalent
• 12-15 years of experience in BSA/AML, financial crimes, or regulatory compliance
• 2-6 years of supervisory experience

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