200+ applicants

Company

Penn Mutual · 4 days ago

AML Compliance Director

United States

Full-time

Remote

Lead/Staff, Director/Executive

$125K/yr - $160K/yr

7+ years exp

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Responsibilities

Assist the AMLO in the administration of the Ethics & Compliance program

Manage managers or other compliance professionals

Understanding of all components of Ethics & Compliance program framework

Manage monitoring and testing, including the maintenance of the risk assessment

Coordinate regulatory examination/inquiries

Create Board Reporting materials

Create education materials

Responsibility for ensuring the AML program is operating and compliant with regulatory requirements

Enhance and maintain the AML strategies, policies, and procedures for minimizing loss and reducing risk from other illegal acts

Enhance and maintain AML risk assessments including evaluating inherent risk and exposure as well as applicable control environment or control augmentations needed for new and existing products and services

Leads critical projects to improve BSA/AML sanctions, transaction monitoring, KYC, CIP and model review

Responsible for a functional areas with respect to suspicious activity investigations involving money movement related transactions. This includes oversight of instances that are potentially reportable to governmental agencies and/or states

Ensure adequacy of the AML program monitoring and reporting system parameters, rules, risk scoring and data segmentation, including updating, testing and monitoring

Proactively monitors, analyzes, reports on and leads implementation of regulatory changes necessary to maintain compliance; advises stakeholders of emerging risks, agency guidance and recommendations to address same and mitigate attendant risks

Reports to the AVP-AMLO on key components of the program’s activities and effectiveness, including risks, incidents, and initiatives related to the AML program

Responsible for creation of and delivery of compliance training and education to maintain proficiency with laws and regulations affecting the Company

Maintain strong relationships with business partners such as Service, Underwriting, Operations, Information Management & Technology, Legal, Internal Audit, Human Resources, among others

Provide management and coaching to AML team members

Monitors regulatory changes, including identifying applicability and enhancement opportunities

Responsible for creating regulatory exam and internal audit responses as well as compliance related questions and inquiries

Assist with projects as needed

Maintain compliance policies and procedures

Develop compliance education for employees and financial professionals

Provide compliance assistance and guidance to business areas

Partner with business areas to review and enhance existing internal controls

Review required filings for submission

Lead audit and regulatory inquiries/exams

Monitor the service of third party service providers consultants or other function staffs supporting the AML program

Remain current with regulatory requirements and the life insurance, annuities, broker dealer, institutional asset management and registered investment advisor industry

Qualification

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AML complianceAnti-Fraud complianceBSA complianceLeadership experienceRegulatory examination handlingRelationship managementCompliance trainingProject managementFINRA licenses

Required

Bachelor's Degree in Business, Finance, Accounting Legal Studies, or an related field

Minimum of 7 years of related work experience in Compliance, or Legal or Audit

Minimum of 5 years of experience in life insurance, annuities, broker dealer, institutional asset management and registered investment advisor industry

Minimum of 5 years of technical experience

Prior experience in a leadership role

FINRA SIE , Series 7, 24, 66/65

Strong knowledge of regulatory environment, including examination/inquiry handling

Ability to lead people and program leaders

Relationship management and problem solving skills

Ability to develop staff

Strong verbal and written communication skills

Ability to work independently

Project management

Exceptional organizational and prioritization skills with demonstrated ability to manage competing priorities and complete tasks within or prior to deadline

Excellent analytical and problem-solving skills, including the ability to disaggregate issues, identify root causes, and recommend solutions

Proven capability to influence and build consensus among peers and senior leadership leveraging sound logic and analysis

Ability to work effectively independently and in a collaborative, team-oriented, and fast-paced environment