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AML Due Diligence Manager
Ref No.: 18-03880
Location: Wayne, New Jersey
Position Type:Direct Placement
Pay Rate : $ 110,000.00 - 130,000.00 /Year
The AML Due Diligence Manager is responsible for developing and managing the bank's program to perform and regularly update the Bank's customer due diligence program.
Responsibilities Include But Are Not Limited To
  • Supervise work of investigators assigned to perform CDD and/or EDD reviews. Complete performance reviews of assigned staff.
  • Draft and review KYC/Due Diligence (CDD and EDD) policies and desktop procedures.
  • Ensure all customer due diligence and enhanced due diligence is reviewed and updated in a timely manner.
  • Develop and maintain current knowledge of bank regulations and guidance.
  • Develop and maintain current knowledge of the trends and patterns in money laundering.
  • Analyze work load and manage the distribution of CDD/EDD reviews to the investigators.
  • Review the work products of investigators assigned to perform CDD and EDD reviews to ensure that the due diligence reviews are completed, documented and appropriate to the circumstances.
  • Maintain current knowledge of the Bank's transaction monitoring and OFAC compliance systems.
  • Participate in the AML committee that reviews cases that have been the subject of multiple SAR filings.
  • Provide training, as warranted, to investigators assigned to perform CDD/EDD reviews.
Required Skills
  • Must have strong knowledge of Bank Secrecy Act, USA Patriot Act, OFAC and other anti-money laundering laws and regulations.
  • Must have current knowledge of the Bank's automated BSA, anti-money laundering, and OFAC compliance systems.
  • Must have a working knowledge of Bank records and systems, including Miser, Pandora, Synergy, SQN, Imaging and PARC.
  • Must have good knowledge of investigative techniques and indicators of suspicious activity.
  • Must have the confidence and ability to identify potential issues and solutions and work with management to resolve those issues.
  • Excellent program management and organizational skills, and personnel management skills.
  • Ability to manage case flow and workloads of investigative employees to ensure proper tracking and monitoring of a wide variety of reports, work items and investigations.
  • Ability to provide guidance and training to investigators within the department regarding AML, BSA and OFAC-related issues.
  • Ability to interact and respond intelligently to inquiries from Internal Audit and bank regulators.
  • Advanced skills in the use of Microsoft Word, Excel, Access, PowerPoint, Outlook and experience with on-line research systems including web-based tools.
Required Experience
  • Bachelor's degree and a minimum of seven years of investigative experience in banking or law enforcement experience specifically involving money laundering/economic crimes or related areas. Equivalent combination of experience is also acceptable.
  • Updated AML/BSA Training.
  • ACAMS certification preferred.