AML Compliance Officer, Manager - Commercial Payment Services

$105,600 - $198,000/Yr

Social Finance - Frisco, TX

Full-time - Manager

Remote - Frisco, TX

Religious, Grantmaking, Civic, Professional, and Similar Organizations

About the position

The AML Compliance Officer, Manager - Commercial Payment Services is responsible for overseeing a team of AML Investigators who conduct independent reviews and analyses of potential suspicious AML activity. This role involves managing the investigation process, ensuring compliance with AML regulations, and enhancing the AML program within the organization.

Responsibilities

• Manage a team of AML Investigators to evaluate AML alerts and cases from transaction monitoring.
• Provide mentoring, coaching, and counseling to AML Investigators to improve production and quality.
• Identify training needs and performance gaps among AML Investigators.
• Maintain a thorough understanding of AML typologies related to Commercial Payment Services.
• Collaborate with Senior Management on projects to enhance the AML program.
• Document and socialize AML processes for Commercial Payment Services.
• Develop procedures and training materials for the AML investigation process.
• Drive strategic initiatives to enhance AML investigations and compliance standards.
• Assist in the design and execution of transaction monitoring programs with offshore partners.
• Provide consultative support to business partners on compliance policies and procedures.
• Enhance detection and prevention of suspicious activity through use-case experience.
• Assist in implementing new control processes for Commercial Payment Services.
• Lead testing and reviews of controls deployed by third-party clients to ensure regulatory compliance.

Requirements

• Bachelor's Degree in a related field.
• 6+ years of experience in AML Compliance with a focus on Commercial Payment Services.
• Demonstrated ability to communicate effectively across all levels of the organization.
• Experience in leading and managing direct reports, including training and mentoring.
• Experience with AML transaction monitoring.
• Strong attention to detail and focus on quality reviews.
• Knowledge of anti-money laundering policies and procedures.
• Excellent organizational, verbal, written, and interpersonal skills.
• Ability to multitask and adapt to changing priorities.
• Excellent analytical skills and ability to work under pressure.
• Experience with AML-related audits and quality assurance responsibilities.

Nice-to-haves

• CAMS/CFE certification preferred or willingness to obtain within one year.
• Understanding of payment and funds transfer methods and their liability rules.
• Strong leadership and management skills to build relationships within the organization.
• Excellent knowledge of BSA/AML laws and regulations.
• Comprehensive understanding of the phases of an AML Investigation.

Benefits

• Base pay range: $105,600.00 - $198,000.00
• Eligible for bonuses and long-term incentives
• Comprehensive and competitive benefits package