The Financial Crimes Manager will report to the Senior Director, Financial Crimes in the Compliance Department. This role is responsible for managing a team that performs a variety of duties to assist Millennium Trust with compliance with the Bank Secrecy Act (BSA), Office of Foreign Assets Control (OFAC), USA PATRIOT Act, and other anti-money laundering (AML) laws and regulations with the primary responsibility being to review transactional data to identify, report, and prevent suspected money laundering, identity/account theft and potential investment fraud. The ideal incumbent will be organized, self-motivated, and have strong analytical skills.
• Oversee day-to-day reviews of business-related questions to Compliance
• Identify, recommend and execute potential solutions to monitor, detect, or prevent money laundering or terrorist financing activity
• Conduct regulatory research on red flags and effectively communicate findings and potential impact on Company operations
• Act as a BSA, AML, and OFAC subject matter expert to identify process improvements, develop and present content to various audiences, and respond to inquiries from internal business partners
• Keep abreast of new rules, regulations and brand/reputation risks to assist in development, implementation and revision of current policies and procedures
• Review client documents for IRA compliance and firm acceptability purposes
• Assist in resolving and responding to client complaints
• Provide compliance guidance to standard employee questions
• Help prepare compliance trainings and communications
• Support the Senior Director with the execution of compliance risk assessments
• Assist with identifying ongoing and targeted compliance monitoring
• Other duties as assigned
Supervisory Responsibilities:
• Providing regular and ongoing employee feedback (positive and constructive) and performing mid-year and annual reviews
• Provide an advisory role for the business as the SME on Financial Crime; Produce regular management information and data for reporting on Financial Crime risks to be presented to CRM and Executive Management; Identifying staffing needs, and interviewing and training new staff
• Develop and manage team schedules including coordinating PTO, Compliance inbox coverage and reviews