AML Investigations Manager
Company: Flagstar Bank
Location: New York
Posted on: April 17, 2024
Job Description:
An AML Investigations Manager assists the Bank Secrecy/OFAC
Officer and the Director, Financial Investigations Unit with
maintaining certain aspects of the Bank's BSA/AML compliance
program and assists in meeting and maintaining BSA/AML compliance
requirements of the Bank. Complies with all applicable, federal and
state laws, regulations and guidance, including those related to
Anti-Money Laundering (i.e. Bank Secrecy Act, USA PATRIOT Act,
etc.), as well as adhering to the Bank's policies and procedures to
reduce loss/risk to the Bank. Manages a team of BSA/AML Analysts in
the Financial Investigations Unit that conduct reviews and
investigations that may range from routine to the highest level of
complexity and perform in depth research and detailed account
analysis reviewing and investigating cases on the Bank's Case
Management System. Ensures that AML investigations are completed on
the Bank's Transaction Monitoring & Case Management System.
Responsible for the day-to-day management of a FIU team including
overseeing the distribution of cases, providing procedural guidance
to the staff, reviewing quality control and internal audit issues
and assisting the team on remediation's and training. Assigned team
may be structured according to skill level and complexity of
work.
- Manages a team of BSA/AML Analysts conducting case reviews.
Assigned team may be structured according to skill level and
complexity of work.
- Assists the team with process and procedure guidance.
- Assists with the distribution of case work among FIU
analysts.
- Provides metrics and trending information to management.
- Provides oversight on AML case quality and addresses
deficiencies identified.
- Escalates time sensitive issues to management.
- Reviews/investigates complex cases that are generated from the
Bank's Case Management System.
- Assists in the reviews and collection of Internal Audit and
exam deliverables.
- Reviews and confirms that all SARS have been filed timely and
accurately.
- Assists with the updates to departmental procedures.
- Administers personnel-related matters including interviewing
and recommendations for hire, disciplinary action, performance
evaluations, and training and development of staff.
- Performs special projects, and additional duties and
responsibilities as required.
- Consistently adheres to regulatory and compliance policies and
standards linked to the job as listed and complete required
compliance trainings. Accountable to maintain compliance with
applicable federal, state and local laws and regulations.
Job Qualifications:
- Education level required: - Undergraduate Degree (4 years or
equivalent) or equivalent work experience
- Minimum experience required: 4 years of progressive work
experience in AML, financial investigations and/or banking
- Management experience and/or experience leading and directing
staff
- Experience with performing transaction analysis, case and alert
investigations and suspicious activity reporting
- CAMS designation preferred
- Excellent knowledge of BSA, and USA Patriot Act
regulations
- Familiarity with navigating banking systems, teller
transactions and accessing customer transaction histories
- Advanced PC Skills; MS Word, Excel, Internet, World-Check
- Strong leadership skills and ability to manage people using
sound judgment with an understanding of how to operate effectively
within a bank
- Strong interpersonal skills, with the ability to provide
constructive feedback
- Strong written and verbal communication skills
- Strong attention to detail and follow-up skills
- Highly developed analytical skills
- Ability to understand and draw conclusions from research
conducted
- Ability to manage multiple projects
Keywords: Flagstar Bank, North Bergen , AML Investigations Manager, Executive , New York, New Jersey
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