Bsa/aml Operations Manager - New York, United States - Amalgamated Bank of NY

Amalgamated Bank of NY

Verified Company

New York, United States

3 hours ago

Posted by:

Mark Lane

beBee recruiter

Description

As an AML and Sanctions Operations Manager, you will play a critical role in ensuring compliance with anti-money laundering (AML) regulations and sanctions requirements.

You'll lead a team responsible for various AML and sanctions-related activities within the organization.

You will manage AML and Sanctions operations and assist the Head of Financial Crimes Compliance in ensuring the Bank is in full compliance with the Bank Secrecy Act as well as the Bank's policies and procedures.

By joining our team, you'll be joining a Bank that believes that that maintaining a diverse and inclusive workplace where everyone feels valued and respected is essential for us to grow as a company.

We are dedicated to building a more equitable world in our everyday practices by embracing the values of our employees and customers.

Essential Job Functions:

Lead a team of analysts, providing guidance, coaching, and performance management.
Foster a collaborative and resultsoriented team environment.
Develop and implement AML policies, procedures, and controls.
Conduct periodic risk assessments and ensure timely reporting of suspicious activities.
Stay informed about changes in AML regulations and industry best practices.
Oversee OFAC compliance, including monitoring and screening processes.
Investigate and escalate potential sanctions violations.
Collaborate with legal and compliance teams to address any issues.
Prepare and present AML and sanctionsrelated reports to senior management.
Monitor key performance indicators (KPIs) and adjust strategies as needed.
Ensure ongoing awareness of compliance requirements across the organization.
Work closely with regulators during audits and examinations.
Collaborate with risk management, audit, and compliance teams to address findings and implement corrective actions.
Manage relationships with external vendors providing AMLrelated services.
Perform other duties as directed.

Knowledge, Skills and Experience Requirements:

Bachelor's degree or equivalent experience
Strong knowledge of BSA, OFAC, and other relevant regulations.
Excellent analytical and problemsolving abilities.
Effective communication and stakeholder management skills.

Amalgamated Bank is an Equal Opportunity and Affirmative Action Employer, Minorities / Females / Individuals with Disability / Veterans. AmeriCorps, Peace Corps and other national service alumni are encouraged to apply. View our Pay Transparency Statement. Submission of a resume or any information regarding your qualifications does not constitute a promise or offer of employment.

At Amalgamated Bank, we consider an applicant to be someone who has interviewed at least once, in person, with the hiring manager.

Amalgamated Bank does not sponsor applicants for work visas.