In this role, you will work closely with the North America Regional Vice President of Compliance to direct and develop a risk-based AML compliance program around WUBS’s Financial Institution clients consistent with standards of a correspondent banking business. You will design and deploy oversight program directed toward multiple Financial Institutions and Agents of WUBS; build, review, and test the program ensuring it is in compliance with anti-money laundering (AML) and combating the financing of terrorism (CFT) laws as they apply in associated jurisdictions.
Establish and maintain strong relationships with business partners, acting in an advisory capacity, supporting the business priorities
Implement and enforce policies, procedures, and programs to minimize potential money laundering risk
Perform all duties inherent in a managerial role, including supervising staff, providing leadership and guidance to a group of managers and staff in multiple geographical locations to deliver and/or effectively support compliance programs, processes and procedures, as well as accomplish compliance goals and strategies
Provide a common vision, clear direction and challenge the team and other internal and external to the AML Compliance Department to drive for results in meeting anti-money laundering compliance priorities
Build necessary relationships with other department management, as well as external contacts to meet AML Compliance goals
Address complex problems and critical issues escalated from their team, effectively utilizing robust decision making ability towards appropriate resolution
Consider impact of high risk areas such as Southwest Border in the development and deployment of the AML program
Evaluate internal controls and anti-money laundering compliance programs of Financial Institution clients and agents, through transaction analyses, program reviews and training sessions
Follow up with clients/Agents to resolve compliance concerns
Provide subject matter expertise on the development of training, job performance counseling and resource support to staff
Qualifications:
Bachelor's degree preferred
6-8 years of experience in retail/consumer financial services/payment services organizations with multiple financial products, or a regulatory agency or law firm involving payment services compliance issues
5 years’ experience in a compliance management role focusing on anti-money laundering responsibilities
Strong understanding of the Wolfsberg Correspondent Banking principles and the US PATRIOT Act Section 312
Substantive understanding of retail/commercial financial products/services
Understanding of retail/commercial financial products/services, especially foreign exchange, forwards, options, drafts, and similar investment products
Substantive understanding of anti-money laundering regulations within the banking/financial services industry
Strong understanding of payments products, services, and operations (or equivalent in other financial services organizations)
Knowledge of anti-money laundering and counter terrorist financing regulations and regulatory developments
Keeps abreast of changes in anti-money laundering and regulatory policies
Excellent written and verbal communication and training presentation skills
Very strong analytical and problem-solving skills
Proven ability to analyze, utilize industry standards and employ sound judgment to draw conclusions regarding the status of a provider’s oversight program
Highly developed and demonstrated interpersonal and customer service skills
Ability to travel up to 50% or more depending upon work location and area assigned
Effective communicator on both an individual and group level, and both orally and written
Works effectively with others to identify and resolve issues
Effectively motivates to achieve common goals
Builds self confidence in others
Shares information and keeps team members and supervisors informed
Strong analytical skills
Understanding of technology and best practices in the compliance field
Familiarity with Microsoft applications, including Word, Excel or other database applications
Written and spoken fluency in English required
Fluency in a second Latin language preferred
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