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First Internet Bank · 6 hours ago

Manager, AML/CFT Operations

Fishers, IN

Full-time

Onsite

Mid, Senior Level

5+ years exp

First Internet Bank is dedicated to innovative banking solutions and is seeking a Manager for AML/CFT Operations. This role involves overseeing the implementation and administration of the Anti-Money Laundering and Countering the Financing of Terrorism Compliance Program, ensuring adherence to U.S. regulations, and providing leadership to the operations team.

BankingFinancial ServicesInternet

Growth Opportunities

Responsibilities

Responsible for overseeing the analysis and monitoring of daily reports, alerts, cases and regulatory filings associated with AML and suspicious account activity; determine the appropriate action based on the analysis according to policies and procedures

Ensure investigations and resolutions comply with applicable laws, Bank policy, and industry leading practices to reduce the Bank's losses and financial crimes exposure

Responsible for maintaining, revising and implementing AML/CFT procedures and job aids and serving as the Subject Matter Expert and the go-to resource for the team, answering questions and providing guidance on BSA/AML procedures

Continuously review and monitor the case management system to ensure alerts, cases and regulatory filings are dispositioned timely and suspicious activity is detected as expected

Monitor and track BSA/AML high risk customers and accounts; assist with the development and refining of the bank’s customer risk rating system. Reviewing and approving Enhanced Due Diligence and Customer Due Diligence cases and scheduling the next EDD reviews based on risk level

Ensure processes are followed for contact and effective communication with customers, as needed, to gain an understanding of account activity or Know Your Customer (KYC)/Customer Due Diligence (CDD) documentation

Ensure timely and accurate filing of all Suspicious Activity Reports and Currency Transaction Reports. Including preparing and presenting committee meetings, ensuring that all necessary case details are presented and discussed thoroughly

Responsible for developing and providing periodic reporting of key AML/CFT and OFAC-related metrics to management

Thoroughly manage alert and case inventories to include the generation and maintenance of in-progress inventory reporting for all teams (CDD, EDD, Investigations, Alerts, High risk customer list, regulatory filings, etc.)

Oversee and ensure compliance with all 314(a) and OFAC files, requests, and reporting

Assist with the periodic reviews and updates of the AML/CFT and OFAC risk assessments

Stay abreast of industry trends related to AML/CFT and any related agency guidance and propose opportunities for enhanced efficiencies or development opportunities

Assist the VP and head of BSA/AML operations with weekly meetings, ad hoc requests, quarterly board reporting, and audit requests

Hold performance meetings with analysts, helping set and track their goals, conducting mid-year and end-of-year assessments, approving timecards and time-off requests, and reallocating work as needed to meet SLAs

Organize regular training sessions for the team, including onboarding new employees and arranging external training events for specialized sessions

Perform other duties as assigned

Qualification

BSA/AML experienceCAMS certificationFraud detectionFintech experienceCritical thinkingCommunication skills

Required

A minimum of five years of BSA/AML and/or fraud detection/investigation experience at a financial institution, regulatory agency or law enforcement agency; commensurate investigative experience in financial crimes will also be considered

Excellent critical thinking and problem-solving skills

Ability to work in a fast-paced environment with professionalism, courtesy and tact

Excellent interpersonal, verbal and written communication skills