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AML Risk Director
Ref No.: 17-03897
Location: San Francisco, California
Position Type:Full Time
Pay Rate : $ 150,000.00 - 210,000.00 /Year
A large regional bank is looking to bolster its Financial Crimes Department with an AML Risk Director. The AML Risk Director will report up to the Deputy BSA Officer. The AML Risk Director's duties include:
  • Responsible for the continual analysis and evaluation of the Bank's product/service risks and customer base to manage and articulate the Bank's BSA/AML risk profile. Lead the development and calibration of monitoring strategies to support the overall transaction monitoring framework. Provide guidance on customer risk rating methodology and maintain the country risk ranking methodology and processes. Oversee the vendor management and project review process to ensure viable execution. Organize and lead a team to complete the annual enterprise risk assessment, This includes a) partnering with data warehouse and analytics teams to compile the data/metrics, b) developing and maintaining the questionnaires to facilitate risk analyses, c) analyzing tactics and techniques used by illicit actors, d) utilizing qualitative or quantitative methodologies to determine risk exposure and control effectiveness, e) drafting a comprehensive assessment of the inherent risks, control environment, and residual risks as well as recommendations to address the gaps identified, and e) presenting results and recommendations to BSA/AML management team and business unit executives.
  • Develop and implement relevant monitoring strategies based on known typologies; products/services, customer, and geography risks; and monitoring gaps identified. In addition, develop and maintain the Transaction Monitoring Framework.
  • Oversee the completion of targeted risk assessments, product/service risk analyses, and vendor management/project assessments.
  • Maintain and oversee as well as provide guidance and support, where applicable, on customer risk rating, country risk ranking, negative news screening, and list management program.
  • Manage a team of AML risk professionals and provide oversight and guidance as needed to complete team's objectives.
  • Serve as Secretary for the Bank's AML Business Rule Standard (AMBRS) Committee, preparing the agenda, reports, and minutes.
The AML Risk Director will need:
  • Minimum of 10 years of experience related to BSA/AML, with at least 3 years in risk assessment and monitoring strategy experience
  • Minimum of 3 years of managerial experience
  • Bachelor's degree or equivalent combination of training and experience
  • Must be able to travel when needed.