_{10th May, 2022}

Basic Function
Manage 3 – 4 data analysts/engineers responsible for the OFAC and transaction monitoring (TM) solutions used at the bank. Duties including ensuring the bank’s TM coverage comply with regulatory requirements/red flags, rules are tuned and tested periodically, and models and documentation meet bank Model Risk Management requirements. Sr Manager shall work with Technology and Innovation and BSA Financial Intelligence teams to set the priority of transaction monitoring rules/segments require tuning and testing for optimal performance. Sr Manager will have the opportunity to explore use of Artificial Intelligence tools, such as Machine Learning and Natural Language Processing, to further enhance and target detection scenarios and risk themes. 
 
Regarding OFAC solutions, manager shall be responsible for keeping current U.S. and Canadian sanctions lists and any other applicable prohibited lists in accordance with bank requirements. Manager will oversee OFAC system scores’ tuning and testing, annual system validations, and model documentation. Working with OFAC Program stakeholders, the Sr Manager will also be able to influence, rationalize and improve OFAC solutions in use at the bank. Sr. Manager will be responsible for direct oversight of vendors in use at the bank to carry out all necessary TM and OFAC system responsibilities.
 
Responsibilities

• Design and enhance best-in-class AML compliance transaction monitoring and OFAC practices, leveraging industry best practices and advanced industry tools to detect and prevent financial crimes
• Support financial crimes and OFAC investigations processes to meet regulatory reporting timeframes through workflow efficiencies
• Manage staff with model documentation and rules/score tuning analysis, and identify areas of efficiency improvements
• Develop data-driven insights for effective and concise management reporting to diverse stakeholders
• Mortgage or financial-related industry experience is preferred
• Mortgage Bankers are responsible for building relationships with financial advisors and their respective teams in order to generate additional and ongoing direct referral business
• Oversees new model creation and optimization of existing models in use for risk management
• Programming languages and experience with Artificial Intelligence solutions a plus

• Experience in working with, assessing, validating, designing, or managing various risk management, automated monitoring tools, and AML transaction surveillance systems.
• Bachelor's degree required (advanced degree, such as MBA or JD is preferred) with 10 years or more equivalent experience
• Certified Anti-Money Laundering Specialist (ACAMS)/Certified Fraud Examiner (CFE)/Certified AML and Fraud Professional (CAFP) is a plus.
• 5+ years in a leadership role within AML/BSA function and/or with financial industry companies
• Solid understanding of the Bank Secrecy Act (AML/KYC), USA Patriot Act (Anti-Terrorist Financing, correspondent banking and Customer Identification Program) and Office of Foreign Assets Control (OFAC).
• Certified Anti-Money Laundering Specialist (ACAMS)/Certified Fraud Examiner (CFE)/Certified AML and/or Fraud Professional (CAFP) is a plus.