The Manager-BSA is responsible for providing day-to-day leadership, direction, and effective management of activities related to the operational areas of the Bank Secrecy Act (BSA), OFAC, the USA PATRIOT Act, and related regulatory functions for Atlantic Union Bank and its related subsidiaries, including direct oversight of the BSA Operations Team and the Enterprise QC function of the department. The Manager-BSA serves as a subject matter expert and representative of AUB and its subsidiaries within the organization, and supports the Director of the FIU as a AUB representative with law enforcement agencies, regulatory bodies, financial institution associations, and industry peers. The Manager-BSA also serves as an internal subject matter expert for CIP, CDD, Beneficial Ownership, Sanctions, Currency Transaction Reporting and CTR Exemption Requirements. Other responsibilities may be assigned at the discretion of the Director of the FIU.
Manage the development of processes and procedures in the BSA Department to ensure compliance with BSA and OFAC regulations.
Manage the day-to-day activities of the BSA Operations area, which includes OFAC, 314(a), 311 Special Measures, CTRs, CTR Exemptions, CIP, CDD, Beneficial Ownership, the Monetary Instrument Log, obtaining EDD documentation, and reviewing operational reports, to ensure compliance with BSA and OFAC requirements and exam guidelines.
Manage the day-to-day activities of the Enterprise QC area, which includes assisting first line managers with the development, review, and update of their BSA and OFAC related programs, policies, procedures, and processes to ensure compliance with BSA and OFAC requirements and exam guidelines.
Serve as a point of contact for other business lines with general questions or concerns about customer on-boarding.
Act as a liaison with law enforcement on cases requiring AUB's assistance as it relates to all functions of the department. Serve as a representative of AUB with regulatory bodies, financial institution associations, and AML and related industry associations.
Manage the interdepartmental communications for BSA Operations and Enterprise QC teammates, and the implementation of BSA and OFAC related projects and initiatives, based on strategic goals and initiatives set by the Director of the FIU.
Provide performance management oversight and coaching to BSA and OFAC teammates. Manage the reporting of quality and productivity for BSA Operations and Enterprise, and provide periodic reports to the Director of the FIU.
Oversee the department's review of new products and services. Make recommendations to business unit and mid-level leaders to mitigate risk and apprise project teams of impact of such products and services.
Represent the BSA compliance program through periodic reports to business unit leaders and other mid-level leaders for the holding company and its subsidiaries, including communication of significant concerns, changes in enterprise-wide risk levels, emerging trends, and regulatory guidance.
Coordinate and oversee regulatory and audit examinations for the BSA and OFAC functions, including response, tracking, and remediation. Serve as a department liaison between AUB, auditors, and examiners.
Stays informed and educated about requirements and proposed changes impacting BSA and OFAC and makes recommendations for programmatic changes.
Participates in the preparation of timely risk assessments. Utilize risk assessments to evaluate BSA and OFAC related programs, risk profiles, and risk rating methodologies, and make recommendations to the Director of the FIU.
Attend training seminars as deemed necessary at the direction of the Director of the FIU.
This position reports to the Director of the FIU.
Supervision of Others
Requirements Position Qualifications
Education & Experience
Bachelor's degree in Criminal Justice, Business, or a related field is required. Advanced degree is desirable.
Must have at least 7 years of experience in banking and 5 years of experience in BSA, AML & OFAC. Must have 3 years of experience managing a BSA, AML & OFAC department in a regional bank setting.
Certification as a BSA/AML/OFAC professional (i.e.: CAMS) is required.
Knowledge & Skills
Demonstrated ability to interact with executive leadership, Board members, business unit leaders, General Counsel, internal auditors, regulatory officials, and law enforcement agencies with tact and diplomacy while achieving stated objectives.
Advanced written, oral, data analytics, interpersonal, decision making, and negotiating skills with ability to prepare and present presentations to guide and inform executive leadership, business unit leaders, Board members, law enforcement agencies, regulatory bodies, financial institution associations, and industry peers.
Working knowledge of financial institution operations, policies, and procedures, with ability to research, analyze and recommend enterprise-wide policy, program, and procedural enhancements.
Working knowledge of Federal and State banking laws and regulations, and generally accepted compliance management practices and principles.
Extensive ability to read, analyze and interpret government regulations, trade journals, and legal documents.
Must be able to focus on complex and detailed work requiring advanced problem solving and reasoning skills. Must be able to effectively manage stress, multiple concurrent responsibilities, and frequent interruptions.
Advanced PC skills including word processing, spreadsheet and database applications.
Must be able to travel to various locations within and outside of the company.
We are proud to be an EEO/AA employer, Minority/Female/Disability/Veteran. We maintain a drug-free workplace.
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Union First Market Bank