The Bancorp - Wilmington, DE
posted 2 months ago
Full-time - Mid Level
Hybrid - Wilmington, DE
Credit Intermediation and Related Activities
About the position
The AVP Financial Crimes Specialist is a hybrid role focused on assisting the FCRM Advisory department in identifying, managing, and remediating AML (Anti-Money Laundering) and sanction risks within the Bank's FinTech Solutions and Retail Business Lines. This position involves collaboration with various teams to ensure compliance with industry regulations, development of training programs, and drafting of governance documentation.
Responsibilities
- Support the Payments Compliance Advisor with the Bank's annual AML and Sanctions Risk Assessment.
- Collaborate with FCRM Operations to ensure effective operation of BSA/AML and Sanctions programs.
- Provide general supervisory support for FCRM Advisory and Operations teams.
- Understand relevant banking regulations and supervisory expectations for large financial institutions.
- Draft and edit BSA/AML/OFAC governance documentation including policies, programs, and procedures.
- Draft memoranda on regulatory changes in the AML and sanctions space and assess their impact on Bank and FCRM operations.
- Develop and monitor the AML and Sanctions training curriculum for business lines.
- Review the curriculum's effectiveness and modify it as necessary.
- Partner with Learning & Development to incorporate the curriculum into corporate training systems.
- Manage and track various FCRM Advisory tasks and initiatives.
- Deliver in-person training to staff members.
- Perform 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.
