Director of AML/CFT

🔥 0 minutes ago

🏄 California – Remote

🏄 California – Remote

💵 $140k - $200k / year

⏰ Full Time

🔴 Lead

🚨 AML and Financial Crime

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FFB Bank

WebsiteLinkedInAll Job Openings

51 - 200 employees

🏦 Banking

Banking

FFB Bank is a financial institution offering a wide range of banking services for both personal and business needs. Their services include business checking and savings accounts, commercial lending, personal checking and savings accounts, personal loans and credit, as well as a variety of online and mobile banking options. The bank emphasizes a collaborative and trustworthy relationship with its clients, aiming for mutual growth by understanding customers beyond their financial statements. FFB Bank prides itself on offering both personalized customer service and the convenience of virtual banking services, such as merchant services, online bill pay, and remote deposit capture. They have been recognized as one of the best banks in Central California multiple times, showcasing their client satisfaction and community commitment.

📋 Description

• Serve as the subject matter expert on compliance and fraud related topics for the Bank’s ISO Sponsorship/Merchants Services, Payments, and Commercial Banking businesses. • Responsible for researching, analyzing, developing, and monitoring new and existing operational procedures, ensuring compliance with key regulations, including the USA Patriot Act, Bank Secrecy Act (BSA), Anti Money Laundering (AML), Countering the Financing of Terrorism (CFT), and Office of Foreign Assets Control Regulations (OFAC). • Identify, develop, and implement methods of maintaining compliance, and recommend changes to existing and proposed programs based upon analysis of changing state and federal laws and regulations. • Contributes to process improvement by identifying inefficiencies and offering solutions within workflows. • Drives team performance by setting clear goals, monitoring results, and implementing strategies to exceed targets. • Supervises, coaches, and develops staff including conducting performance evaluations, taking corrective action and providing ongoing feedback and mentorship. • Collaborates with senior leadership and cross-functional teams to support company initiatives and strategic objectives. • Ensures compliance with all anti-money laundering regulations, including, but not limited to the USA Patriot Act, AML, CFT, KYC, and OFAC for the Bank’s ISO Merchant Services Program, as well as the Bank’s own internal ISO Payments Program. • Researches, analyzes, develops, and monitors new and existing operational procedures, ensuring compliance with key regulations. • Manages the daily/monthly/quarterly examinations of AML and Fraud procedures ensuring timely identification and effective management of all suspicious and fraudulent activities. • Engages with regulatory authorities to support the Bank’s AML program governance and compliance. • Maintains continual awareness and tracking of relevant regulatory developments and industry best practices in the areas of AML, CFT, and OFAC.

🎯 Requirements

• Bachelor’s degree from an accredited college or university in a relevant field (e.g., Business, Finance, or related) preferred. • Professional certification(s) in AML/Fraud (CAMs, CAFP, CFE, etc) required. • Minimum 6–10 years of related leadership experience, with at least 10 years in a financial services industry with specific knowledge in AML/, CFT, and OFAC required. • Minimum 5 years of merchant services and/or fintech payments industry experience, specifically managing AML/CFT and compliance functions. • Minimum 5 years of managerial experience leading AML/CFT and/or compliance functions and engaging with auditors and examiners. • Excellent organizational and time management skills, with the ability to provide leadership, delegation, motivation, problem resolution, and training for 7 or more employees using positive supervisory techniques to ensure maximum productivity. • Capable of establishing performance standards, measuring outcomes, taking corrective action, and appropriately rewarding employees. • Comprehensive knowledge of management procedures, with the ability to plan department activities including developing strategies and creating policies and procedures. • Proficiency with Microsoft Office Suite (Excel, Word, Outlook) required. • Knowledge of State and Federal laws, regulations, FFIEC, FinCEN, FDIC, and other applicable supervisory guidance. • Direct experience with Financial Services Regulatory and Compliance Examinations and experience in direct, active, and appropriate communication with examiners and agents both written and verbal. • Strong qualitative and quantitative analytical skills. • Effective oral, written, and interpersonal communication skills with the ability to apply common sense to carry out instructions, interpret documents, understand procedures, write reports and correspondence, and speak clearly to customers, vendors and employees. • Strong teamwork and relationship skills with the ability to lead collaborative efforts, foster alignment, and drive results. • Ability to take initiative and impact change within the Bank through consensus building, negotiation, and conflict resolution. • Commitment to continuous learning and professional development of self and team members to stay current with industry standards and best practices. • Demonstrated ability to maintain authenticity and integrity in all professional interactions, ensuring trust and credibility with team members, customers, and direct reports. • Willingness to take on special projects and perform other duties as assigned, beyond core responsibilities, to support team and organizational needs. • Capable of managing multiple priorities and meeting deadlines in a dynamic environment.

🏖️ Benefits

• Medical, dental, and vision coverage • Life insurance • Paid vacation • 401(k) retirement plan • Training & development opportunities • Tuition reimbursement • Employee Assistance Program • Internal job postings and referral program