Must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future.
Responsibilities:
- Leads a team of investigators responsible for identifying, investigating, and reporting suspicious activity in accordance with BSA/AML, USA PATRIOT Act, OFAC, and all other regulations and adherence to internal policies/procedures and compliance requirements.
- This role ensures high-quality investigations, timely SAR filings, OFAC/Sanctions filings, and strong operational effectiveness within the FIU and OFAC teams.
- Maintains and updates all FIU/OFAC investigations logs for regulatory and/or audit reviews
- Supervise and mentor SAR investigators and OFAC team providing guidance, training, and performance evaluations.
- Review and approve SAR narratives and filings for accuracy and regulatory compliance.
- Oversee case workflow to ensure investigations are completed within required deadlines.
- Acts as the Subject Matter Expert (SME) and assists the management team/deputies with the rule optimization, mapping, definitions, and thresholds of the Transaction Monitoring System (TM).
- Conduct quality assurance checks on SARs/OFAC case documentation and logs.
- Manage escalations related to complex investigations or high-risk behaviors.
- Coordinate with Compliance, Fraud, Legal, and business units as needed.
- Monitor trends and typologies to improve monitoring rules and investigative processes.
- Assist in regulatory exams and internal audits related to SAR/OFAC processes.
- Control and support the development of FIU/OFAC policies and procedures, and other policies as needed.
- Deliver training on investigative techniques and regulatory updates.
- Identify operational gaps and recommend process improvements.
- Follows up and ensures pending matters related to AML/CFT/OFAC internal and external audits are resolved in a timely manner.
- Reviews, assesses, and approves higher risk relationships
- Responsible for assisting and management of the annual Enhanced Due Diligence documentation review of all High-risk relationships.
- Assist in the oversight of all functional areas in absence of the Chief AML/CFT/OFAC Officer or the other Deputy AML/CFT Officers and may serve as back up for these.
- Controls the Suspicious Activity Reports (SAR) for reporting to FinCEN and other reports to OFAC as needed (including Annual blocked property) and escalates issues to manager and Risk Committee as needed.
- Special projects as delegated by the Chief AML/CFT/OFAC Officer.
- Helps to maintain or create metrics and logs for KPI (Key Performance Indicators) & KRIs (Key Risk Indicators) within the units.
- Make sure the unit adheres to SLAs (Service Level Agreements) in the FIU/OFAC Units.
- May Perform research and negative news searches, online searches, and subscription-based resources when reviewing a customer’s account activity.
- Other duties as assigned.
Education and Experience:
- Bachelor’s Degree required or Master's Degree in relevant field preferred; education may be substituted with extensive banking compliance experience and knowledge.
- 5-7+ years related experience and/or training in AML/SAR investigative experience, OFAC/Sanctions, Fraud Compliance
- Technologically savvy and able to create process improvements and rules optimization and tuning
- Strong understanding of BSA/AML regulations and SAR filing processes.
- Excellent analytical, writing, and communication skills.
- Experience with AML systems such as Actimize, Mantas, Assist/CK, or others.
- Proficient in Microsoft Office suite, specifically Excel, Word, and Outlook.
- Professional designation preferred (CAMS, AML-CI, etc.)
Language Skills:
- Speak, read, and write English & Spanish (Fluent) and Portuguese (Preferred).
Bradesco Bank provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.
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