BSA/OFAC Officer
BSA/OFAC Officer
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Job Description
Overview
Who we are
Collaborative. Respectful. A place to dream and do. These are just a few words that describe what life is like at Toyota. As one of the worlds most admired brands Toyota is growing and leading the future of mobility through innovative high-quality solutions designed to enhance lives and delight those we serve. Were looking for talented team members who want to Dream. Do. Grow. with us.
An important part of the Toyota family is Toyota Financial Services (TFS) the finance and insurance brand for Toyota and Lexus in North America. While TFS is a separate business entity it is an essential part of this world-changing company- delivering on Toyotas vision to move people beyond whats possible. At TFS you will help create best-in-class customer experience in an innovative collaborative environment.
To save time applying Toyota does not offer sponsorship of job applicants for employment-based visas or any other work authorization for this position at this time.
Who were looking for
Toyota Financial Savings Banks ComplianceDepartment is looking for a passionate and highly-motivated Bank Secrecy Act/Office of Foreign Asset Control (BSA/OFAC) Officer.
The primary responsibility of this role is responsible for providing leadership and strategic direction to the Compliance team members and partnering with TFSBs leadership team to ensure TFSB meets all regulatory requirements and expectations.
Reporting to the Chief Compliance Officer the person in this role will support the Toyota Financial Savings Banks Compliance departments objective to monitor identify and mitigate regulatory risks impacting the Bank.
What youll be doing
Serve as the Board Appointed BSA/AML & OFAC Officer as well as the subject matter expert on the Bank Secrecy Act and OFAC programs and projects.
Provide strategic leadership for People/Process/Technology in meeting the requirements of the BSA/AML and OFAC.
Strengthening and lead the development of a consistent Know-Your-Customer Customer Due Diligence and Enhanced Due Diligence (KYC/CDD/EDD) requirements across both TFSB and TMCC to support the growth of the Bank
Provide day-to-day leadership to the BSA/AML/OFAC team.
Develop and implement quality controls and departmental policies standards and procedures to ensure quality organizational expectations and regulatory requirements are met.
Oversee all relevant unusual activity referrals and escalations ensuring an appropriate level of due diligence is exercised in the review and dispositioning up to and including filing Suspicious Activities Reports with FinCen as required by the Bank Secrecy Act.
Actively engage with all areas of the organization to identify inter dependencies or define user methodologies and processes as it applies to various products and apply problem solving skills to resolve conflicting priorities and complex challenges.
Proactively provide advice and guidance to the Business on new projects products services and other initiatives to ensure that they meet BSA requirements and applicable risk appetite.
Define compile and report key BSA/OFAC metrics to Senior Management applicable management committees and the Board of Directors.
What you bring
Bachelors Degree required
10 years demonstrated expertise with BSA/AML Compliance as it applies to suspicious activity for money laundering terrorist financing and fraud AML and terrorist financing Red Flags for various suspicious transaction activities regulatory changes as they pertain to the BSA and USA PATRIOT Act BSA/AML processes
Experience in banking and financial services with expertise in consumer and commercial lending and depositing products and services.
Subject Matter Expertise: Knowledge of U.S. banking regulations particularly related to BSA/AML/OFAC Compliance as it applies to suspicious activity for money laundering terrorist financing and fraud.
Ability to conduct rigorous analysis and can synthesize complex and multiple source data into fact based and nuanced solutions.
Self-motivated highly adaptive and able to work well in high stress.
Excellent oral and written communication skills with the ability to confidently present to senior leaders.
Ability to manage multiple priorities simultaneously.
A verifiable track record of interacting successfully with state and federal banking regulators.
Previous management/Leadership experience and working in a matrixed organization.
Ability to manage and champion multiple projects simultaneously often with competing resources and deadlines.
Demonstrated leadership capabilities including people development/coaching objective setting and measurement skills.
Added bonus if you have
Juris Doctorate
CAMs Certification
Strong analytical and root cause analysis skills with a demonstrated ability to extensively analyze processes
Ability to manage and champion multiple projects simultaneously often with competing resources and deadlines.
What well bring
During your interview process our team can fill you in on all the details of our industry-leading benefits and career development opportunities. A few highlights include:
A work environment built on teamwork flexibility and respect
Professional growth and development programs to help advance your career as well as tuition reimbursement
Team Member Vehicle Purchase Discount
Toyota Team Member Lease Vehicle Program (if applicable)
Comprehensive health care and wellness plans for your entire family
Toyota 401(k) Savings Plan featuring a company match as well as an annual retirement contribution from Toyota regardless of whether you contribute
Paid holidays and paid time off
Referral services related to prenatal services adoption childcare schools and more
Tax Advantaged Accounts (Health Savings Account Health Care FSA Dependent Care FSA)
Relocation assistance (if applicable)
Belonging at Toyota
Our success begins and ends with our people. We embrace all perspectives and value unique human experiences. Respect for all is our North Star. Toyota is proud to have 10 different Business Partnering Groups across 100 different North American chapter locations that support team members efforts to dream do and grow without questioning that they belong.
Applicants for our positions are considered without regard to race ethnicity national origin sex sexual orientation gender identity or expression age disability religion military or veteran status or any other characteristics protected by law.
Have a question need assistance with your application or do you require any special accommodations Please send an email to .
Required Experience:
Unclear Seniority
Employment Type
Full-Time
