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The Position

Our bank client is seeking to fill a BSA/AML Manager role in the Oak Brook, IL market. The selected candidate will be responsible for the proposed revision, implementation, and oversight of bank policies, programs, and procedures to ensure compliance with related laws and regulations applicable to the Bank Secrecy Act, the USA PATRIOT Act, OFAC, and FACTA laws and regulations.

This position includes a generous salary of up to $140K plus bonus and a full benefits package. (This is not a remote position).

BSA/AML Manager responsibilities include:

• Managing and administering the Banks overall compliance program.
• Implementing, coordinating, and monitoring the Banks day-to-day BSA/AML/OFAC compliance activities.
• Carrying out the directions of the SVP, Board, the Management Audit-Compliance Committee, and executive management with respect to BSA/AML/OFAC compliance, and performing the specific duties assigned to by the SVP and reflected in the Boards BSA/AML Policy,
• Recommending changes and facilitating the Banks BSA/AML/OFAC compliance program, and the Red Flag program, reducing risk, and implementing regulatory changes.
• Collaborating with stakeholders to detect, prevent, and investigate financial fraud, recover financial fraud losses, and protect the assets of the Bank and its customers.
• Interacting with law enforcement and industry and regulatory authorities, as appropriate.
• Implementing the approved program and maintaining systems and procedures for complying with the OFAC rules and regulations.
• Monitoring and updating as directed by the SVP of the Banks BSA/AML/OFAC systems to ensure compliance with regulatory requirements, bank requirements, and system optimization.
• Working with front-line management and staff to review new customers ensuring compliance with CIP and KYC.
• Monitoring legislative and regulatory developments and updating the SVP and management of the impact on the Bank.
• Assisting with regulatory examinations and third-party compliance reviews, including gathering requested information and developing and approving responses to such reviews as necessary.
• Participating in new product development and system changes that may impact compliance with the Banks BSA/AML/OFAC program.

Requirements

Who Are You?

Youre someone who wants to influence your own development. Youre looking for an opportunity where you can pursue your interests and your passion. Where a job title is not considered the final definition of who you are, but merely the starting point for your future.

You also bring the following skills and experience:

• Bachelors Degree preferred or equivalent combination of education and experience.
• CAMS/CRCM preferred.
• Three or more years of experience in financial crimes detection/investigations including four years of AML experience within the financial services industry.
• Two or more years of direct team lead, supervisory or management experience.
• Four or more years of strong team leadership, communication, interpersonal and management skills, with a track record of leading through change.
• Four or more years leading high-performing AML operations teams with a commercial focus.
• Knowledge and understanding of the material requirements of the BSA/AML/OFAC Laws and Regulations and Sanctions.
• Knowledge and understanding of the material requirements of the FFIEC Interagency Bank Secrecy Act/Anti-Money Laundering Examination Manual.

Benefits

This position includes a generous salary of up to $140K plus bonus and a full benefits package. (This is not a remote position).