Job Description

• Oversee the Financial Crimes risk assessment program, ensuring that the procedures, governance and the system of internal controls are effective and accurately report the Bank's financial crimes risk profile to Management and the Board.
• Enhance financial crimes risk assessment methodologies to meet FinCEN's evolving regulatory expectations that the AML risk assessment be comprehensive, data-driven and effectively drive AML program design and strategy.
• Lead the identification, sourcing, and strategic use of critical data elements to support quantitative inherent AML and OFAC risk assessments, driving data-informed insights into risk exposure across customers, products, geographies and channels.
• Develop the annual AML and Sanctions risk assessment plans; Execute and properly document the assessments, ensuring all deficiencies identified are corrected within the specified time frame; and report the results and any outstanding issues to Management and the Board.
• Liaise with bank regulators, as well as internal and external auditors to communicate the nature, methodology and results of the Financial Crimes risk assessment program.
• Engage with the various lines of business to analyze processes and controls to identify and assess inherent risk, efficacy of controls, and compliance opportunities related to AML and OFAC.
• Form strong relationships with lines of business and provide subject matter expertise in the development of internal controls.
• Generate standing reporting and risk dashboards designed to identify changes to the risk profile of the bank related to AML, Fraud, or OFAC on an ongoing basis.
• Monitor and report key risk metrics, Key Risk Indicators and Key Performance indicators to management and applicable governance committee
• Review new products, services, markets or geographies for additional risks related to these areas, communicate any such risks to Management, and work with business lines to identify mitigating controls.
• Assist in the identification of trends consistent with potential risk or compliance issues. Advise on tools and solutions to facilitate risk management and compliance and develop and maintain comprehensive records and reports of associated activities.
• Maintain a working knowledge of internal controls, best practices in risk management, AML typologies, and sanctions compliance requirements, as well as other applicable state and federal laws and regulations within the scope of the financial crime functions.

• Strong knowledge of Bank Secrecy Act, USA PATRIOT Act, OFAC and other anti-money laundering laws and regulations.
• Technical aptitude and motivation to learn all aspects of the Risk system (GRC). Candidate should have the motivation to drive system and process improvements in the organization.
• Strong data analytics skills, including the ability to define, collect and interpret data to inform risk assessments and identity trends, anomalies and emerging risks.
• Strong ability to build relationships cross-functionally and partner with leaders to deliver solutions that meet business needs.
• Strong verbal and written communication skills.
• Must have the confidence and ability to identify potential issues and solutions and work with all levels of management to resolve those issues.
• Ability to work with various lines of business to ensure proper implementation of AML and OFAC policies.
• Ability to provide guidance and training to all levels of employees within the department and bank-wide regarding financial crime-related issues.
• Ability to interact and respond intelligently to inquiries from law enforcement and bank regulators.

• High School diploma or GED equivalent. Must have a minimum of 10 years of experience in financial crimes or related financial industry or law enforcement field.

• Bachelor's degree. Experience in financial crimes risk assessment.
  ACAMS, CFE.