AVP FCRM INVESTIGATIONS AND REPORTING TEAM LEAD (HYBRID)
Company: The Bancorp
Location: Sioux Falls
Posted on: October 27, 2024
Job Description:
AVP FCRM Investigations and Reporting Team Lead (Hybrid)
Job Location
US-SD-Sioux Falls
Type
Full Time
Overview
Work Arrangement: ***This is a hybrid role, working 3 days onsite
in our offices.*** Assists VP FCRM Surveillance and Reporting
Manager to ensure that the team pursues the best investigative
approach for each unique case, ensuring that key questions are
addressed, and compliance AML department policies and regulatory
expectations are satisfied. Cross trains in other FCRM functions.
Responsibilities
Essential Functions Communicates findings, status, open issues, and
other AML-related items to management.
- Provides training, coaching, and mentoring to employees.
- Escalates and coordinates cases with law enforcement, as
applicable. Obtains information and assistance from law enforcement
agencies, peer banks, and other external groups on AML issues and
cases.
- Leads daily operations to ensure cases and SARs are acted upon
in a timely manner and that they contain complete and accurate
information for data collection and documentation.
- Analyzes underlying data gathered by the team to assess whether
SAR needs to be filed. Acts as a point of control in the fraud/AML
escalation process.
- Responds to questions from the team and provides advice,
guidance, and training.
- Implements operational changes to enhance the ability of the
team to identify and document suspicious and/or potentially
fraudulent transactions and activities in a more efficient
manner.
- Keeps abreast of AML updates by attending continuing
professional education and webinars, reading professional journals
and articles, and networking with others in the profession.
- Works across FCRM departments due to spikes in demand or
special projects, including one or more of the following areas:
KYC, Sanctions, or Surveillance and Monitoring.
- Participates in the development of goals and execution of
strategies within the function and department. Engages in strategic
initiatives as required by leadership.
- Responsible for ensuring findings issued by FCRM Quality
Assurance (QA) are addressed accurately and timely.
- Performs other duties as assigned. Leadership
Responsibilities
- Assists manager in overseeing team in day-to-day
operations.
- Creates an inspiring and collaborative team environment with an
open communication culture.
- Delegates tasks and set deadlines to achieve goals.
- Discovers training needs and provides coaching.
- Inspires confidence and motivates others to perform at their
best.
Qualifications
Education/Experience Requirements
- Undergraduate degree in a related field preferred. Otherwise, a
non-related undergraduate degree and combination of training and
experience will be considered.
- 7 years of experience in reviewing and investigating customer
transactions and information for potentially suspicious activity
and performing AML or financial investigations. Preferred
Requirements
- Extensive knowledge of money laundering regulations including
the: Bank Secrecy Act (BSA), USA PATRIOT Act, US Treasury AML
guidelines, OFAC requirements, and Suspicious Activity Reporting
(SAR) requirements.
- Industry-related certifications (e.g., ACAMS, CFE).
- Excellent verbal, written, and interpersonal communication
skills.
- Strong analytical and research skills with excellent attention
to detail and follow-up.
- A team player, able to work in a production-driven,
multi-tasking environment with the ability to work under
pressure.
- Proven ability to partner across different departments,
including operations, technology, projects, and
investigations.
- Proficient in Microsoft Office suite, e.g., Excel, PowerPoint,
Word, Outlook; internet and proprietary research tools.
Background & EEO Statement
This job will be open and accepting applications for a minimum of
five days from the date it was posted. Working at The Bancorp Bank,
N.A. and Benefits Information: click here Diversity & Background
Screening
Diversity & Inclusion at The Bancorp Bank: click here The Bancorp
Bank, N.A. is an EQUAL OPPORTUNITY EMPLOYER and will not
discriminate on the basis of race, color, religion, gender, gender
identity, sexual orientation, pregnancy, citizenship, national
origin, age, disability, genetic information, veteran status or
other protected category with respect to recruitment, hiring,
training, promotion, and other terms and conditions of employment.
Employment with The Bancorp Bank, N.A. includes successfully
passing a background check including credit, criminal, education,
employment, OFAC, and social media background history. #LI-Hybrid
#LI-PJ1
Keywords: The Bancorp, Sioux Falls , AVP FCRM INVESTIGATIONS AND REPORTING TEAM LEAD (HYBRID), Advertising , Sioux Falls, South Dakota
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