BSA/AML Program Lead
Ford Motor Company
full-time
Posted on:
Location Type: Hybrid
Location: Salt Lake City • Utah • United States
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Salary
💰 $84,480 - $141,360 per year
Job Level
About the role
- Conduct customer KYC reviews, including CIP, customer due diligence (“CDD”) and enhanced due diligence (“EDD”), as applicable, as part of the Bank’s AML Program
- Monitor, review, and action BSA/AML and Sanctions compliance alerts, including but not limited to unusual activity, OFAC, Politically Exposed Persons (“PEP”), 314(a) screening, and adverse media alerts, as applicable
- Independently conduct comprehensive investigations on confirmed screening matches, potential suspicious activity related to money laundering, fraud, or terrorist financing, and recommend when to file Suspicious Activity Reports (SARs)
- May assist in filing of SARs, as necessary
- Assist the BSA/AML Officer in complying with all sanctions-related risk and regulatory requirements
- Assist the BSA/AML Officer in reviewing and responding to requests from law enforcement, such as 314(a) related communication and other legal requests
- Assist with completing the Bank’s BSA/AML and Sanctions Risk Assessments
- Contribute to projects to improve and optimize the Bank's BSA/AML Program
- Support the BSA/AML Officer to ensure BSA/AML and Sanctions training is completed by appropriate Bank employees, training content is appropriate and up to date, and provide additional training, as required
- Perform quality assurance (QA) related tasks, as necessary
- Assist the BSA/AML Officer in ensuring third party service providers and/or affiliates are meeting AML Program related requirements under the applicable Service Level Agreements (“SLAs”)
- Perform customer and transaction analytics to identify trends and make recommendations to improve the Bank’s transaction monitoring solutions
- Collaborate with Support, Risk, Cyber, and other teams within Ford Bank
- Travel up to 10% of the time
Requirements
- Bachelor’s degree preferred or equivalent banking experience
- Four years of general banking or regulatory agency experience, with an emphasis in compliance or minimum of 2+ years of direct experience supporting BSA, AML, and/or Sanctions/OFAC compliance
- Understanding of BSA, AML, and Sanctions regulatory requirements and thorough working knowledge of the related processes
- Familiarity with all functional areas of banking
- Excellent oral and written communication skills
- Creative and analytical thinker who can manage multiple activities to completion within set deadlines
- Comprehensive understanding of general banking compliance regulations and laws
- Comprehensive understanding of general banking operations activities, products, and services
- Expertise in Microsoft products, such as Excel, Word, PowerPoint
- Ability to communicate effectively with staff at all levels
- Good organizational and time management skills.
Benefits
- Immediate medical, dental, vision and prescription drug coverage
- Flexible family care days, paid parental leave, new parent ramp-up programs, subsidized back-up child care and more
- Family building benefits including adoption and surrogacy expense reimbursement, fertility treatments, and more
- Vehicle discount program for employees and family members and management leases
- Tuition assistance
- Established and active employee resource groups
- Paid time off for individual and team community service
- A generous schedule of paid holidays, including the week between Christmas and New Year’s Day
- Paid time off and the option to purchase additional vacation time.
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
KYC reviewsCIPcustomer due diligenceenhanced due diligenceBSA/AML complianceSanctions complianceSuspicious Activity Reportstransaction analyticsregulatory compliancebanking operations
Soft Skills
oral communicationwritten communicationanalytical thinkingorganizational skillstime managementcollaborationcreativityproblem-solvingattention to detailability to manage multiple activities