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FIU Manager
Ref No.: 18-05124
Location: New York, New York
Position Type:Direct Placement
Pay Rate : $ 100,000.00 - 115,000.00 /Year
The NY branch of a foreign bank is looking for a FIU Manager. The FIU Manager:
1.Maintains awareness of national and world events and industry trends through press releases, real-time monitoring, and collaborative relationships with law enforcement, internal or external watch lists or other relevant sources to mitigate the company's reputation or regulatory risk.
2.Maintains strong knowledge of all applicable current and proposed Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) laws and regulations, specifically as they apply to money laundering, terrorist financing and OFAC.
3.Works with Transaction Monitoring (TM) to identify relevant KRIs, typologies and appropriate regulations for monitoring rules for all products and customers.
4.Analyzes AML controls, bank products, and red flags across all U.S. business lines as an effort to assess whether consistent and robust AML coverage is in place, and provide recommendations to executive committee.
5.Assists with the development, adaptation, implementation and management of internal policies, procedures and processes designed to ensure compliance with the BSA and AML regulations.
6.Collaborates with law enforcement and other financial institutions to address large scale or sensitive financial crimes including terrorist financing and money laundering.
7.Conduct surveillance testing, link analysis, data mining, and analytics.
8.Utilizes a wide variety of research and transaction monitoring tools.
9.Provides information for various regulatory and analytical reports.
10.Participates in BSA/AML training that may include webinars, periodicals and self -study in order to stay abreast of the BSA/AML laws and regulations.

Required Skills and Competencies
  1. Bachelor's degree or equivalent education and related training (CAMS certification would be beneficial)
  2. Federal Law Enforcement or equivalent BSA/AML experience in the investigation, research, and documentation of money laundering or terrorist financing
  3. Strong knowledge and experience with BSA regulations and related compliance requirements (including reporting and record retention requirements), and understanding of how changes in those regulations or compliance requirements affect management and business
Thorough working knowledge of the risk indicator trends in money laundering, terrorist financing or other related financial crime and the ability to position