Shermen Bank International · 2 months ago
Financial Investigations Unit Manager-Lead
Washington, DC
Full-time
Onsite
Senior Level
5+ years expShermen Bank International is a specialized Edge Act Corporation dedicated to providing premier international banking and financial services. The Financial Investigations Unit Manager-Lead will oversee the AML & Sanctions Department's operational functions, managing a team responsible for client onboarding, transaction monitoring, and fraud detection.
Banking
Responsibilities
Manage the FIU team
Supervise and support daily activities including client onboarding-know your customer reviews, periodic and ad hoc reviews, customer risk scoring, name and payments screening, Office of Foreign Assets Control (OFAC) sanctions reviews, AML transaction monitoring and fraud detection
Support the team and work on transaction monitoring alerts, fraud alerts, case investigations, and suspicious activity report (SAR) and currency transaction report (CTR) filing, 314(a) and 314(b)
Assist in the updating of AML and Sanctions policies and procedures and other documentation
Produce metrics reporting for senior management
Create escalation reports for senior management
Assist in AML and Sanctions training across various groups/departments
Assist in the coordination of the BSA/AML & Sanctions Risk Assessment, Red Flags Coverage Assessment, and the Enterprise-Wide Risk Assessment process
Coordinate with regulators, auditors, and vendors regarding matters related to AML & Sanctions
Support the AML Model Analytics/Technology team in the tuning and testing of the AML & Sanctions Department’s models and systems
Qualification
Required
5-8 years in an AML and Sanctions role with experience in client onboarding-know your customer reviews, periodic and ad hoc reviews, customer risk scoring, name and payment screening, Office of Foreign Assets Control ("OFAC") sanctions reviews, AML transaction monitoring and fraud detection, case investigations, SAR filing, and CTR filing
AML, Sanctions and Anti-Fraud team management experience or ready 'to take the next step'
AML, Sanctions, and Anti-Fraud subject matter expertise
Experience in presenting to and meeting with auditors and regulators
Excellent knowledge of U.S. AML, OFAC Sanctions and Anti-Financial Crime regulatory rule framework and requirements
Knowledge and experience of the Embassy, Consulate and Mission ("ECM") business and transaction typologies
Creating and/or updating AML and Sanctions policies and procedures
Anti-Financial Crime model/platform end-to-end testing and supporting documentation
Creating and updating documentation that meets regulatory standards and expectations
Working on coverage assessments, BSA/AML & Sanctions risk assessments, and Enterprise-Wide Risk Assessments
Producing metrics reporting for senior management
Excellent knowledge of Excel, PowerPoint, Visio, etc
Company
Shermen Bank International
Shermen Bank International (in Formation) is being built exclusively to serve foreign governments and their related entities operating in the US.
11-50 employees
Funding
Current Stage
Early StageCompany data provided by crunchbase