Hybrid BSA/AML Manager - EDD bei Five Star Bank

Purpose: The BSA/AML Manager – Enhanced Due Diligence is primarily responsible for directly managing the Customer Due Diligence (CDD)/Enhanced Due Diligence (EDD) Analysts and assisting the BSA/AML & OFAC Officer in overseeing the execution of daily functions of the BSA/AML & Office of Foreign Assets Control (OFAC) Programs.

Essential Functions:

• Oversees the Enhanced Due Diligence management process including quality control and ensures timely, accurate and compliant completion. 
• Manages Customer Due Diligence records of new and existing customers to determine the risk level of said customers to the Bank.
• Manages initial and periodic Enhanced Due Diligence investigations on higher-risk customers (e.g., Money Service Businesses, Cannabis Related Businesses, Private ATM owners, Non-resident Aliens, Professional Service Providers, etc.) identified through the Customer Due Diligence process, monthly data mining efforts, and listed on the Bank’s High-Risk Customer List.
• Works with Retail Branches, other front-line Bank employees and Banking-as-a-Service Partners to ensure the collection of appropriate due diligence, KYC, and CIP documentation for new and existing customers.
• Acts as a subject matter expert on the Bank’s policies and procedures for Customer Due Diligence and Enhanced Due Diligence.
• Responsible in the performance of testing regarding various BSA/AML functions such as the collection, certification and verification of Beneficial Ownership and Customer Identification Program information, to ensure that processes adhere to established guidelines.
• Presents updated applicable CDD/EDD procedures to the BSA/AML –& OFAC Officer for approval.
• Responsible for the preparation of documentation for audits and examinations and provides responses to findings, as needed.
• Maintains pertinent BSA/AML and OFAC Program governance documentation such as related policies and procedures, ensuring these items are updated annually at a minimum. 
• Responsible for preparing timely materials for various governance committees as appropriate (e.g., BAOC Committee, CRC Committee, SAR Working Group).
• Demonstrate the standards and principles of the Five Star Bank experience in every interaction with internal and external customers, associates, and stakeholders.   Incorporate the high-performance behaviors of teamwork, leading by example, and service in every facet of work.

Job Related Qualifications:

Required:

• Education: High School Diploma. Bachelor’s Degree preferred
• Prior Experience: 5+ years of CDD/EDD experience, to include experience with higher risk industries and, 2+ years of leadership experience
• Licenses or Accreditation: Certified Anti-Money Laundering Specialist (CAMS), Certified Anti-Money Laundering Fraud Professional (CAFP), or other BSA/AML related Certifications preferred.

Competencies:

• Knowledge of and ability to learn BSA/AML & OFAC regulations and requirements, to include those specific to Cannabis Banking.
• Excellent verbal and written communication skills and ability to interact positively with a wide variety of individuals.
• Excellent organizational skills with the ability to manage multiple priorities and meet established deadlines.
• Ability to identify trends, interpret data and apply to workflows and compliance techniques and automation.
• Possess a high level of attention to detail.
• Ability to maintain a high degree of confidentiality.
• Proficient with Microsoft applications with the ability to learn and utilize new and existing banking software applications; Ability to utilize the internet to conduct searches related to responsibilities.

Physical Requirements:

• Able to regularly sit for prolonged periods of time.
• Able to travel:
  1. Occasionally
• Extensive computer usage is required.
• Ability to work:
  • Evenings: Occasionally
  • Weekends: Occasionally

Benefits:

• Medical, Dental, and Vision Insurance
• Health Savings Account
• Flexible Spending Account(s)
• Company Paid Life Insurance, Long-Term Disability, and Short-Term Disability
• Voluntary Offerings: Life, Critical Illness/Specified Disease, Accident, Hospital Indemnity & Personal Accident
• Tuition Reimbursement
• Employee Referral Program
• Wellness Reimbursement Program
• Star Volunteer Program
• Employee Banking and Financial Perks
• Flexible Hybrid Work Schedule
• Paid Time Off (PTO)
• Company Paid Holidays

This job description is not exhaustive.  The BSA/AML Manager – EDD may be required to perform other duties as assigned.The expected rate of pay for this position is shown above.   Compensation offers are based on a wide range of factors including relevant skills, training, experience, education and, where applicable, licenses or certifications obtained.   Market and organizational factors are also considered.  In addition to your base rate of pay and a competitive benefits package, successful candidates may be eligible to receive cash or equity-based incentives based on the role and performance.