AML/CFT Compliance Manager, AVP

The AML/CFT Compliance Manager oversees operations within the second line of defense, responsible for the day-to-day workflow management of the AML/CFT Compliance Department, including the functioning of the bank’s Anti-Money Laundering (AML) program, Countering the Financing of Terrorism (CFT) program, reporting under the Bank Secrecy Act (BSA), and the bank’s sanctions compliance program.

Requirements

• Review reports from the Financial Crimes Department regarding suspicious activity.
• Provide recommendation to the Head of AML/CFT Compliance whether specific circumstances require a filing of a Suspicious Activity Report (SAR).
• Primary oversight of the bank’s quality control (QC) program relating to transaction monitoring alerts and cases.
• Monitor the timely and accurate filing of the Bank’s SARs and Currency Transaction Reports (CTRs).
• Partner with the business managers on AML/CFT concerns and opportunities to improve processes or review controls.
• Review and update AML/CFT department procedures as needed.
• Collaborate with Head of AML/CFT Compliance for external audits, regulatory examinations, and risk assessments as required.
• Keep abreast of developments in emerging AML/CFT risks, AML regulations, and regulatory agency guidelines; support the development of necessary enhancements to Northern Bank's programs.