Old Second National Bank · 23 hours ago
AML Team Lead
Downers Grove, Illinois, United States
Full-time
Hybrid
Mid, Senior Level
$69K/yr - $95K/yr
3+ years expOld Second National Bank is a well-established financial institution with over 150 years of service in the Chicago area. The AML Team Lead will oversee the BSA and AML team, ensuring compliance with regulatory requirements while managing team performance and workflow. This role includes coaching, training, and the development of departmental procedures to enhance efficiency and effectiveness.
BankingFinanceFinancial Services
Responsibilities
Complete all AML Specialist and AML Analyst responsibilities proficiently and with a high level of accuracy, including assisting in the completion of responsibilities as needed
Based on direction from the AML Officer, provide oversight of day-to-day workflow of department responsibilities to ensure department and regulatory deadlines are met and workload is divided appropriately
Provide coaching, guidance and training for team; including new employee on-boarding and performance reviews
Assist with workflow to ensure effective collection of all audit/exam requests and conduct necessary follow-up for accuracy in a timely manner
Monitor team performance, including performing quality assurance reviews based on internal procedures and regulatory expectations, and provide coaching to support development and accuracy
Review regulatory reporting in compliance with BSA/AML procedures and Financial Crimes Enforcement Network (FinCEN) guidance
Responsible for compiling SAR committee agenda and creating meeting minutes
Lead the development/updating of written departmental procedures and processes
Based on SAR committee decisions, review, approve, and file Suspicious Activity Reports (SARs) prepared by AML team members or Fraud Investigators for completeness and compliance with regulatory expectations
Review and verify Currency Transaction Reports (CTRs) for completeness and accuracy prior to submission to FinCEN; submit CTRs to FinCEN
Adhere to BSA/AML policy and procedures, regulatory guidelines and reporting requirements
Assist lines of business of BSA/AML/OFAC related regulatory requirements and provide direction
Identify process improvements to increase efficiency and effectiveness
Collaborate and support Training & Development/lines of business to educate new employees about relevant BSA/OFAC regulations
Support BSA Officer in various responsibilities; including but not limited to completion of quarterly Board reports
Stay abreast of and analyze developing industry and compliance trends, changes to laws and regulations pertaining to BSA/AML/OFAC/USA Patriot Act
Comply with all Company policies and procedures
Perform various other duties and work on various projects as assigned
Qualification
Required
Two or more years of college and at least three years related BSA /AML compliance experience; or equivalent combination of education and experience
Strong working knowledge of the banking policies and procedures, as well as federal regulations pertaining to BSA, OFAC, AML, CIP and EDD
Company
Old Second National Bank
Old Second National Bank is a national banking organization that provides commercial, treasury management and retail banking services.
501-1000 employees
Funding
Current Stage
Public CompanyTotal Funding
$60M2021-04-20Debt Financing· $60M
1993-11-26IPO
Leadership Team
Jim Eccher
Chairman and CEO
Joe Gaffigan
President & Co-Founder O2 Sponsor Finance
Recent News
2025-12-16
MarketScreener
2025-12-09
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