Director FCRM Advisory & Deputy BSA Officer
Director FCRM Advisory & Deputy BSA Officer
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1 Vacancy
Job Description
Overview
Work Arrangement:
***After the initial training period this is a hybrid role working onsite in either our Wilmington DE office.***
The Bancorp Bank N.A. is looking for an innovative thought leader in the banking and fintech space who can manage and execute against The Bancorps strategic position as an industry leader in the payments sponsor bank and fintech marketplace. Works with and collaborates with a large globally dispersed support team and key stakeholders outside the organization. The Director FCRM Advisory Deputy BSA Officer will interact with a broad spectrum of business partners ranging from Challenger banks Fintech firms Cards Networks (VISA Mastercard) and payment industry leaders to advise on the development execution and operation of innovative products and services. Liaises with regulatory agencies and present the Banks achievements during regular reviews periodic visitations or audit meetings. We are looking for a dynamic leader with proven experience in AML Compliance as the Bank rapidly grows its portfolio of very innovative products and services.
Responsibilities
Essential Functions
- Guides and advises on issues matters and inquiries related to the Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) and Sanctions Programs.
- Drafts updates maintains and reviews the AML and Sanctions policies and procedures and ensures they are in accordance with all applicable laws and regulations.
- Evaluates and advises during the development of new products and services to determine the level of BSA/AML & Sanctions risk.
- Collaborates and assists with the BSA/AML and Sanctions Risk Assessments.
- Prepares reports to be used by various oversight and governance committees to understand BSA risk and other related activities and trends.
- Tracks BSA AML & Sanctions industry developments and maintains up-to-date knowledge of regulatory changes existing laws and regulations impacting the organization.
- Assists BSA Officer in ensuring that business practices are aligned with Banks risk tolerance and appetite for BSA/AML and Sanctions risks.
- Reviews analyzes and makes risk-based decisions on Client accounts and relationships including account closure decisions.
- Addresses issues arising from regulatory oversight of non-US business unit(s) implementation efforts for new AML Fraud or other financial crime rules AML risk management efforts and new products or services.
- Develops close working relationships with business leaders and other stakeholders to advance a culture of compliance within the organization.
- Works closely with state and federal regulators Legal outside counsel and business partners.
- Performs other duties as assigned.
Manager Responsibilities
- Manages team of employees by overseeing day-to-day operations.
- Sets high performance standards and manages team performance in accordance with HR policies and procedures.
- Creates a flexible and energized work environment fostering an atmosphere that enables employee trust and engagement.
- Inspires confidence and motivates employees to perform at their best level.
- Develops employees while effectively addressing performance issues.
Qualifications
Education/Experience Requirement
- Undergraduate degree in a related field or an equivalent combination of training and experience.
- 10 years of BSA/AML and Sanctions experience including 5 years in financial services senior compliance role.
- Certified Anti-Money Laundering Specialist (CAMs) Certification.
Preferred Qualifications
- Masters/JD Degree.
- Expert knowledge of regulations and compliance best practice related to BSA/AML OFAC CIP and KYC.
- Previous project management experience.
- Demonstrated ability to build strong relationships as well as management and influencing skills.
- Knowledge and experience with best practices in financial services regulation AML typologies and emerging risks in financial crime and money laundering.
- Good communicator with the ability to motivate others.
- Problem-solving and decision-making skills with the ability to analyze complex information to identify the critical issue and drive resolution.
- Previous experience working with regulators during regulatory exams.
Background & EEO Statement
This job will be open and accepting applications for a minimum of five days from the date it was posted.
Working at The Bancorp Bank N.A. and Benefits Information:click here
Diversity & Background Screening
Diversity & Inclusion at The Bancorp Bank: click here
The Bancorp Bank N.A. is an EQUAL OPPORTUNITY EMPLOYER and will not discriminate on the basis of race color religion gender gender identity sexual orientation pregnancy citizenship national origin age disability genetic information veteran status or other protected category with respect to recruitment hiring training promotion and other terms and conditions of employment.
Employment with The Bancorp Bank N.A. includes successfully passing a background check including credit criminal education employment OFAC and social media background history.
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Required Experience:
Director
Employment Type
Full-Time
