AML Investigations & EDD Manager (Remote Eligible)

Busey Remote
aml manager remote aml bsa team manager compliance monitoring financial regulatory regulations management

WHAT YOU'LL DOThe Bank Secrecy Act / Anti-Money Laundering (BSA/AML) department’s AML Investigations and Enhanced Due Diligence (EDD) Manager (Manager) must have a high-level of expertise in BSA/AML compliance, AML investigations, EDD reviews, economic sanctions, and other related financial crimes laws and regulations, directives, guidance, and best practices, as well, as running teams focused on AML investigations and/or EDD reviews.This Manager will oversee a team of analysts that performs initial and ongoing periodic EDD reviews of higher risk customers, AML transaction monitoring system alerts, case investigations, and suspicious activity reporting (SAR)

This Manager will also assist in reviewing and enhancing LOB customer due diligence (CDD) and customer risk rating methodology and scoring, assist in maintaining an effective AML transaction monitoring system, including conducting periodic scenario tuning projects with the Systems and Analytics team, and assist with other projects such as the enterprise-wide BSA/AML and OFAC risk assessment.Finally, this Manager must have a risk-based and innovative mindset, while also having the ability to work collaboratively with other BSA/AML Department managers and team members to influence change.Duties & ResponsibilitiesLead and develop high functioning AML investigations and EDD teamsDevelop and enhance risk-based procedures and processes related to AML investigations, EDD reviews, and other related tasksConduct AML alert reviews, case investigations, and EDD reviews of higher risk customersEstablish a seamless and transparent interface between the AML investigations and EDD review functions with the goal of developing a risk-based, efficient, effective, and proactive staffing/work modelDevelop a Quality Control program to ensure alerts, cases, SARs, and EDD reviews have sufficient quality and information, are completed timely, and proper feedback/training is provided to staffEnsure the proper and timely filing of SARsAssist in the analysis and implementation of risk-based AML monitoring and EDD reviews that align with the AML Act of 2020, particularly the AML/Counter-Terrorist Financing National PrioritiesDevelop Key Risk and Performance Indicators to monitor effectiveness and efficiency of AML investigations and EDD review analysts to proactively identify key risksMonitor and stay current with BSA/AML and OFAC regulatory, industry developments, and best practicesAssist or lead projects related to the enhancement of the Bank’s BSA/AML and OFAC programs, particularly those focused on suspicious activity monitoring and EDD reviewsRegular reporting (written and verbal) to senior management, executive management, and the Executive Compliance Committee in a clear, concise mannerManage and develop team members’ skills and technical expertise to meet oncoming risks and business changesWHAT YOU'LL BRINGKnowledge of:Federal Regulations, specifically regulations implemented and enforced by FinCEN and the federal functional regulatorsExperience managing people and complex projectsGood oral and written communication skillsAbility to:Attend compliance related meetings with business partners at the various bank regions, as applicable, in relation to the Regulatory Compliance ProgramThis position requires the ability to assess BSA/AML and OFAC risk in current and new bank initiatives while providing easy to understand guidance to business staff and senior managementWHY IT MATTERSWith recent changes to the BSA/AML regulatory space through passage of the AML Act of 2020, strong employees with a mindset that is risk-based and innovative are in need more than ever

The AML investigation and EDD team is critical for the BSA/AML Department

Having a risk-based and innovative BSA/AML program gives Busey a competitive advantage over its competitors, while also playing an important role in protecting the bank and financial industry from criminals

In today’s regulatory environment, identifying and mitigating financial crimes risk before it becomes a bigger issue, not only protects income, it builds up Busey’s reputation with its customers

A strong reputation leads to customer retention and new customer acquisition

You will lead and curate this team of BSA/AML professionals

You will also be a partner to Busey’s business lines and key to their success and the success of Busey.EDUCATION & TRAININGBachelor’s degree is requiredGraduate degree preferred (MBA, J.D.)5+ years of BSA/AML experience leading AML monitoring and/or EDD review teams is required

Additional experience within BSA/AML and/or OFAC risk and governance, analytics, or Quality Control / Assurance functions is preferred10+ years of banking, compliance, or risk management experience in financial services preferredProfessional certification (e.g., CAMS, CFE, etc.) preferredRemote Eligible In: Illinois, Indiana, Florida, Missouri, Iowa, Kentucky, Michigan, Ohio, Tennessee, Texas, Virginia, Georgia, WisconsinBusey believes that diversity and inclusion among our teammates is critical to our success as a company, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool

Equal Opportunity Employment is a priority for Busey and all qualified applicants will receive consideration regardless of race, color, religion, national origin, genetic information, sex (including pregnancy), age, sexual orientation, gender (including gender identity and expression), marital status, military status, veterans status, citizenship status, work authorization status, work disability, order of protection or any other characteristic protected by applicable law or other non-merit based factors.Job SummaryRequisition Number: AMLIN004282Job Category: Risk ManagementSchedule: Full-Time


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