Vice President AML CFT Officer (Finance)
This position reports to Chief Risk Officer.
Basic Function
Responsible for developing, implementing and administering all aspects of the Anti-Money Laundering (AML)/ Countering the Financing of Terrorism (CFT)/Sanctions Compliance Program in accordance with applicable laws, guidelines and regulations.
Essential Duties
- Manage AML/CFT/Sanctions Program:
- Determine effects of AML/CFT/Sanctions laws and regulations on Bank policy, procedures, processes and risk assessments
- Implement changes to Bank policy, procedures, processes and risk assessments to ensure compliance with AML/CFT/Sanctions laws and regulations
- Manage AML/CFT/Sanctions Audits and Exams
- Review, Monitor and Analyze the following reports and items:
- Reporting on Verafin for AML/CFT/Sanctions, CTRs, SARs, wires, monetary instruments, etc.
- Cash reports from Fiserv and Verafin, $3,000 to $10,000 logs, kiting suspect reports, International ACH (IAT) reports
- Overdraft and deposited return checks
- Review and confirm data file transfers daily to Anti-Money Laundering software
- Rectify non-post items on ACH, ATM, Wires and Teller cash-ins or cash-outs
- Various audit and exam findings to remedy deficiencies
- Create and update the following reports and items:
- Create & update Board Reports - BSA, ID Theft Red Flags, GLBA
- Create reports by request of auditors and examiners
- Update Policies, Procedures and Risk Assessments - AML/CFT/Sanctions, ID Theft Red Flags, Detection & Deterrence of Elder Financial Abuse
- Perform the following training and testing:
- Annual AML/CFT/Sanctions Training
- Supplemental training when applicable
- AML/CFT related Fraud Detection and Identity Theft Incidents:
- Review and analyze AML/CFT related fraud alerts on Verafin
- Assist with fraud process implementation and review
- Perform fraud monitoring and reporting
- Work with others pertaining to AML/CFT fraud related incidents and identity theft related incidents to minimize impact to client(s) and protect client(s) from additional vulnerabilities
- Direct supervisory responsibilities:
- Work with Assistant AML/CFT Officer(s) with various AML/CFT/Sanctions issues, duties, projects, program enhancements and training
- Work with Teller Manager pertaining to teller non-post entries, CTRs and monetary log entries
- Work with others pertaining to missing CIP/CDD/KYC information and reports, etc.
- Attend the following meetings:
- Compliance Committee Meetings
- Fraud Workgroup Meetings and Fraud Stars Meetings
- New Product, Service, Technology Meetings for new or changed product, service or technology that relate or impact AML/CFT/Sanctions
- Meetings with various areas throughout the Bank to resolve AML/CFT/Sanctions issues
Nonessential Duties
- Other duties as assigned
Knowledge, Skills & Abilities
- Excellent analytical skills
- Strong communication skills both verbal and written
- Detail oriented
- Ability to multi-task
- Capable of working independently
- Proficient computer skills
- Extensive knowledge of bank regulations
Training & Experience
- Bachelor's degree in Economics, Finance or Business Management or equivalent related experience
- Minimum 8 years AML/CFT Officer experience
- Previous experience in Bank operations
- Previous supervisory experience
- Microsoft proficiency
- Verafin application experience preferred
- Fiserv application experience preferred
Compensation
- Expected Salary Range: $125,000 - $140,000
- Salary will be negotiated based on relevant skills and experience as well as internal equity and alignment with market data.
Benefits
First Bank Chicago offers a comprehensive benefits package including medical/dental/vision/life insurance; 401(k); paid time off (PTO); and eligibility for an annual bonus. For a complete listing of benefits, please visit our website: https://firstbankchicago.com/Employee-Benefits.
First Bank Chicago is an Equal Opportunity Employer: disability/veteran
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