City National Bank · 4 months ago
Manager Financial Crimes Compliance II
Newark, DE
Full-time
Onsite
Mid, Senior Level
$111K/yr - $190K/yr
5+ years expCity National Bank is a subsidiary of Royal Bank of Canada, focused on providing exceptional financial services. They are seeking a Manager Financial Crimes Compliance II to monitor and enhance the Bank's BSA Program, ensuring compliance with regulatory standards in areas such as BSA, AML, KYC, and OFAC.
BankingFinanceFinancial Services
Responsibilities
Monitors and escalates issues and concerns of impact to the industry within the regulatory and legal environment to enable the Bank to respond to changes, initiatives and statutory requirements in the areas of BSA, AML, KYC, OFAC and other related areas
Acts as consultant to the BSA Officer in the development of official policy position and white paper documents relative to the Bank’s implementation of the BSA Program’s policies and procedures
Assists the BSA Officer in the ongoing and annual review and enhancement of the Bank’s BSA Program to help ensure that policies and procedures are in compliance with legal and regulatory requirements and industry best practices
Under the guidance of the BSA Officer and in conjunction with the Compliance Training Officer, develops, implements, and manages the Bank’s BSA compliance training program, including partnering with business lines and management to ensure timely and effective updates to BSA training content that meet job-specific BSA compliance responsibility
Supervises staff conducting risk assessments and performs periodic risk assessments of overall business processes to identify BSA compliance gaps and potential exposure. Analyzes and evaluates BSA compliance risks and recommends changes to policies and procedures
Partners with business lines in the development of new and/or updated policy and procedure related to BSA, AML and KYC Bank wide as well as internally
As designated by the BSA Officer, acts as a BSA, AML, OFAC and KYC regulatory consultant throughout the Bank. Communicates and escalates (as assigned) identified BSA, AML, KYC operational concerns to the appropriate level of management
Identifies and addresses compliance training needs by partnering with business areas and the Compliance Training and Human Resources Training areas. In conjunction with the Compliance Training Officer, is responsible for maintaining the BSA area of the Compliance Education Website
Partners with business units to remediate compliance findings identified in internal and external examinations
Maintains up-to-date knowledge of regulatory and legal requirements and industry best practices
Recommends changes to the “Know Your Client” process including risk model scoring changes, process changes and other changes as appropriate. Responsible for maintaining the Know Your Client website
Participates in and completes bank-wide projects
Integrates activities with other departments to accomplish common goals
Maintains up-to-date knowledge of Bank policies and procedures
Serves as resource to internal and external customers; ensures quality customer service and effective and efficient operational support
Applies both technical and general business knowledge to resolve the most complex issues in assigned function
Performs other duties as assigned or requested
Contributes to implementation of the solution and validation of KYC /EDD models. Designing and managing the execution of insights and analytics reporting based on the bank’s AML and KYC/EDD business specifications. Writes clear and detailed business requirements for development
Qualification
Required
Minimum of 5 years experience in a Compliance role required
Minimum of 3 years experience in a BSA role required
Minimum of 2 years experience with Compliance Risk Assessment testing and documentation
Preferred
ACAMS Certified or equivalent preferred
Previous Management experience preferred
Proficient with Microsoft Office Suite (e.g., Word, Excel, PowerPoint, Outlook)
Bachelor's degree with designation in business or finance or equivalent experience preferred
Ability to perform functional duties and related positions with minimal supervision
Ability to interact effectively with all levels of Bank personnel and customers
Excellent verbal and written communication skills; excellent interpersonal and customer service skills
Knowledge of regulatory requirements with specific emphasis on BSA, USA Patriot Act and OFAC, and general bank policies and procedures
Ability to analyze complex situations and provide guidance, makes recommendations, and/or escalates issues appropriately
Ability to handle problem situations with colleagues and clients effectively
Ability to supervise and coach staff
Benefits
Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
Generous 401(k) company matching contribution
Career Development through Tuition Reimbursement and other internal upskilling and training resources
Valued Time Away benefits including vacation, sick and volunteer time
Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
Career Mobility support from a dedicated recruitment team
Colleague Resource Groups to support networking and community engagement
Company
City National Bank
City National Bank offers a full complement of banking, trust and investment services. It is a sub-organization of City National.
1001-5000 employees
H1B Sponsorship
City National Bank has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (76)
2024 (78)
2023 (145)
2022 (93)
2021 (107)
2020 (62)
Funding
Current Stage
Public CompanyTotal Funding
unknown1978-01-13IPO
Leadership Team
Howard Hammond
CEO City National Bank
Fiyaz Khan
Senior Vice President, Structured Products
Recent News
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