Operations Manager - AML/KYC - Banking

Responsibilities:

AML Investigations & Analysis:

- Act as a first-level reviewer, investigating potential BSA (Bank Secrecy Act) violations arising from correspondent banking activities.

- Conduct thorough analysis of AML alerts (L1, L2, and escalations), employing deep-dive techniques to identify suspicious activity patterns.

- Make initial investigation decisions and determine the specific information needed for comprehensive case management.

- Escalate high-risk cases and suspicious activity to Management for further investigation.

Correspondent Banking Monitoring:

- Assist the Transaction Surveillance Group in analyzing correspondent banking transactions and optimize processes for enhanced monitoring effectiveness.

- Provide subject matter expertise on AML surveillance (transaction monitoring) procedures to ensure compliance with regulatory requirements.

- AML Compliance & Training:

- Stay informed of evolving AML/CFT regulations, including the BSA, USA PATRIOT Act, US Treasury AML guidelines, OFAC requirements, and Suspicious Activity Reporting (SAR) guidelines.

- Analyze error root causes (RCAs) to identify training needs and develop/implement training programs for front office and operations personnel to enhance AML awareness and compliance.

Communication & Collaboration:

- Advise Management on current AML issues related to correspondent banking.

- Maintain clear and concise communication with team members and Management regarding investigations, suspicious activity, and compliance updates.

- Collaborate effectively with other AML Compliance team members to ensure a comprehensive and coordinated approach to AML/CFT risk mitigation.

Qualifications:

- Bachelor/masters degree in Finance, Business Administration, or a related field (preferred).

- Minimum of 3+ years of experience in AML investigations or a related financial crime compliance role.

- Proven track record of conducting thorough and insightful investigations into suspicious activity.

- In-depth knowledge of AML/CFT regulations, including the BSA, USA PATRIOT Act, and relevant US Treasury guidelines.

- Strong analytical and problem-solving skills with a data-driven approach.

- Excellent communication, interpersonal, and collaboration skills.

- Ability to work independently and manage multiple priorities effectively.

- Strong attention to detail and a commitment to accuracy.

- Proficiency in Microsoft Office Suite (Excel is a must).

- CAMS certification (or equivalent) is a plus.