Summary of the Position:
The AML Program Governance Manager will be a member of TriState Capital Bank’s Anti-Money Laundering (AML) / Financial Crimes Management (FCM) Department, reporting directly to TriState AML and OFAC Officer. The AML Program Governance Manager will be responsible for managing all aspects of AML Program governance and infrastructure, including OFAC. The individual will also be responsible for providing advisory services to the Bank’s businesses related to adherence with internal policies and procedures, including regulatory requirements.
Primary Functions of the Position:
- Provide oversight and management of comprehensive AML/FCM policies and standards governance to ensure documentation is comprehensive and adheres to regulatory requirements.
- Assist the AML Officer, Enhanced Due Diligence (EDD) and Client Intelligence Unit (CIU) Manager to develop and deliver AML Program training programs for all business line stakeholders.
- Partners with the AML/FCM Business Analytics Manager to conduct the annual AML and OFAC risk assessment.
- Assist in AML and OFAC model validation and rule tuning exercises, including quarterly Section 311 Special Measures testing.
- Oversight and management of the Issue Management process to proactively identify and report open issues, which includes timely remediation and closure.
- Compiles and delivers monthly AML and OFAC management reporting for the AML Officer, which includes presenting to Bank leaders and business line stakeholders regarding key program metrics.
- Manages AML and OFAC Program recordkeeping and retention requirements.
- Manages all internal audit and regulatory examination activities to ensure a seamless assessment of the Bank’s AML and OFAC Program.
- Partners with Raymond James AML Program Governance & Oversight team to enhance and manage the Bank’s Regulatory Change Management, Key Risk Indicators (KRIs), Key Performance Indicators (KPIs), and Emerging Risks framework.
- Provide guidance to business line stakeholders related to AML and OFAC compliance matters and risks.
- Participate in new product offerings to develop key AML and OFAC processes and projects to ensure successful execution.
- Serve as liaison with business lines to obtain access to relevant data, systems and issues reporting to ensure effective operations of AML Program Governance and oversight of first line of defense activities.
- Works closely with the AML Officer to execute other strategic initiatives, process improvements and program enhancements for the AML and OFAC.
Education and Experience Requirements:
- Bachelor’s Degree (B.A.) from a four-year college or university in a related field, such as legal, finance, accounting, law enforcement or social sciences-related field.
- A minimum of 8+ years’ experience in banking, AML and OFAC is required.
- Requires a thorough understanding of AML and OFAC regulations and program governance to execute the Bank’s requirements.
- Professional experience in treasury management, loan and deposit operations is a plus.
- ACAMS certification is preferred or required to obtain as part of maintaining the role.
Essential Skills and Abilities:
- Interpret and apply anti-money laundering regulations and identify and recommend program changes as appropriate.
- Strong knowledge of AML and OFAC Program Governance risk-related controls.
- Ability to work under pressure, multitask with competing priorities with the importance of meeting deadlines in a fast-paced work environment.
- Excellent writing, analytical, and communication skills.
- Ability to work independently with minimal supervision, and collaboratively within a team environment.
- Establish and maintain effective working relationships at all levels of the organization.
- Maintain confidentiality and performs with high ethical standards.
- Proficient in Microsoft Word, Excel, Access, PowerPoint, and Outlook; Internet navigation skills including proficiency with internet search engines.
- Basic knowledge of FiServ FCRM, WireExchange, CWS and/or Signature Desktop a plus.
TriState Capital Bank provides equal employment opportunity and advance in employment to qualified persons regardless of race, color, sex, religion, national origin, age, sexual orientation, gender identity, disability, veteran status, or other categories protected by law.
TriState Capital Bank is an Equal Opportunity Employer.