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The Bancorp - Edgemoor, DE
posted 2 months ago
Full-time
Hybrid - Edgemoor, DE
Credit Intermediation and Related Activities
About the position
This hybrid role within the FCRM Advisory department focuses on assisting in the identification, management, and remediation of AML (Anti-Money Laundering) and sanction risks associated with the Bank's FinTech Solutions and Retail Business Lines. The position involves supporting compliance efforts, drafting governance documentation, and delivering training to ensure adherence to industry regulations.
Responsibilities
- Supports the Payments Compliance Advisor with performing the Bank's annual AML and Sanctions Risk Assessment.
- Collaborates with FCRM Operations to ensure the BSA/AML and Sanctions programs operate effectively and comply with industry regulations.
- Provides general supervisory support for FCRM Advisory and Operations teams.
- Understands relevant banking regulations and supervisory expectations for large financial institutions.
- Drafts and edits BSA/AML/OFAC governance documentation including policies, programs, and procedures.
- Drafts memoranda on regulatory changes in the AML and sanctions space and assesses their impact on Bank and FCRM operations.
- Develops and monitors the AML and Sanctions training curriculum for business lines.
- Continually reviews the curriculum's effectiveness and modifies it as necessary.
- Partners with Learning & Development to incorporate the curriculum into corporate training systems.
- Manages and tracks various FCRM Advisory tasks and initiatives.
- Delivers in-person training to staff members.
- Performs other duties as assigned.
Requirements
- Bachelor's degree with a concentration in Business Administration, Economics, Finance, Accounting, Government, or similar field.
- Minimum of 3 years of post-bachelor's professional experience or equivalent work experience.
- 5 years of experience in banking or financial services.
- Experience developing, implementing, and monitoring compliance of BSA/AML and sanctions requirements.
Nice-to-haves
- Master's or JD degree.
- CAMS (Certified Anti-Money Laundering Specialist), CGSS (Certified Global Sanctions Specialist) or similar certification.
- Strong working knowledge of problem-solving capabilities within banking environment.
- Advanced Proficiency with Microsoft Office, including Excel, Word, and PowerPoint.
Benefits
- Diversity & Inclusion programs
- Background screening support
- Equal opportunity employment policies
