Summary
The Financial Crimes Risk Director supports and leads the Financial Crimes Risk Management Team as the designated Corporate BSA/AML/OFAC Officer. The incumbent will provide day-to-day coverage, advice, and oversight to the bank's Financial Crimes Risk Management Program to ensure compliance with regulatory expectations as well as internal policies and procedures. The incumbent will regularly interface with first line of defense business/operating units, other groups within the Compliance Risk Management Team (i.e., Compliance Advisory, Compliance Risk Data Reporting/Analytics, Compliance Risk Testing, other support functions including Legal, Risk, Third Party Risk Management, as well as the bank's affiliates and subsidiaries).
Primary Duties and Responsibilities
- Responsible for performing complex regulatory research and analysis for the Compliance Risk Management Team and the Chief Compliance Officer (CCO); assessing regulatory risks and adequacy of operating policies, procedures and processes related to the Bank Secrecy, Anti-Money Laundering, and Corporate Transparency Acts (BSA) along with standards set forth by the U.S. Treasury to comply with the Office of Foreign Assets Control.
- Provide day-to-day advice on rules and regulations, BSA/AML/OFAC compliance policies and procedures, and training for our colleagues and partners in the first line of defense.
- Contribute subject matter expertise on all facets of BSA/AML/OFAC compliance risk.
- Collaborate with the first line of defense to identify and mitigate elevated residual BSA/AML/OFAC compliance risks and establish appropriate compliance controls related thereto.
- Support the CCO in enterprise compliance risk management responsibilities, including the drafting of regulatory analysis memoranda, policies and procedures, board and senior management reporting related to BSA/AML/OFAC, and correspondence with regulators.
- Monitor the regulatory and political landscape for emerging risk that would influence the Financial Crimes Risk Management space, and the bank's regulatory tolerance related thereto.
- In conjunction with other members of the Compliance Risk Management Leadership Team, implement legislative and regulatory requirements, whether new or modified; analyzing implications on the bank's operations and activities.
- Implement bank-wide and Compliance Risk Management Team projects and initiatives, whether with respect to new business, new BSA/AML/OFAC compliance programs, new or changing regulations or new tools and systems.
- Develop, implement and maintain new and enhanced BSA/AML/OFAC compliance processes and controls.
- Maintain BSA/AML/OFAC compliance policies and procedures.
- Develop content and deliver Financial Crimes Risk Management Team trainings and presentations to our partners in the first line of defense.
- Contribute to New Product/New Activity Committees, liaising with business management and support function teams (including Legal and Risk) to deliver clear guidelines to ensure new business activities operate in compliance with applicable regulatory requirements.
- Develop, monitor and report on BSA/AML/OFAC compliance-centric Key Risk Indicators (KRIs) and Key Performance Indicators (KPIs).
- Create and maintain a centralized inventory of all BSA/AML/OFAC compliance risk controls.
- Supervise a team of BSA/AML/OFAC compliance officers and compliance analysts; monitoring production through review of work, allocating resources, setting priorities and progressing team members' technical skills and knowledge.
- Ensure that Financial Crimes Risk Management Team meetings are appropriately memorialized through documentation (minutes/notes).
- Assist in the preparation for and coordination of regulatory examinations, independent compliance audits, and second line Compliance Testing engagements.
- Read, analyze and interpret governmental regulations and professional publications in relation to BSA/AML/OFAC.
- Consult on various enterprise-wide projects relative to BSA/AML/OFAC compliance and regulatory risks.
- Assist the Compliance Risk Management Leadership Team in the preparation of risk assessments.
- Communicate effectively with colleagues on the Compliance Risk Management Team, first line of defense business partners, executive management, internal and external auditors, and regulators.
- Adhere to all designated time frames, manage workflow to the specified deadlines and complete responsibilities in a satisfactory manner.
- Complete all job-related training and continuing education in a timely manner, and attend seminars or continuing education, as directed.
- Assist with other Compliance Risk Management Team objectives.
- Perform any other assignments as directed by the CCO.
Supervisory Responsibilities
Directly supervises a team of compliance officers and compliance analysts. Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws. Responsibilities may include training employees; planning, assigning, and directing work; appraising performance in conjunction with other Compliance Risk Management Team leadership; addressing complaints and resolving problems.
Competencies
To perform the job successfully, an individual should demonstrate the following competencies:
- Analytical and Design - Ability to assess risk; Detail oriented, analytical, and critical thinking skills; Strong problem solving and analytical skills required to succeed in this job; Strong technical troubleshooting skills and ability to juggle simultaneous complex projects.
- Problem Solving - Identifies and resolves problems in a timely manner; Gathers and analyzes information skillfully; Works well in group problem solving situations; Uses reason even when dealing with emotional topics.
- Interpersonal Skills/Customer Service - Focuses on solving conflict, not blaming; Maintains confidentiality; Remains open to others' ideas and tries new things; Manages difficult or emotional customer situations; Responds to requests for service and assistance; Meets commitments.
- Oral and Written Communication - Speaks clearly and persuasively in positive or negative situations; Listens and gets clarification; Responds well to questions; Demonstrates group presentation skills; Participates in meetings; Writes clearly and informatively; Edits work for spelling, grammar, and legal citation references; Varies writing style to meet needs; Able to read and interpret written information.
- Teamwork - Ability to work in a collaborative environment, as well as independently; Balances team and individual responsibilities; Exhibits objectivity and openness to others' views; Gives and welcomes feedback; Contributes to building a positive team spirit; Puts success of team above own interests; Supports everyone's efforts to succeed.
- Organizational Support - Follows policies and procedures; Completes administrative tasks correctly and on time; Supports organization's goals and values; Benefits organization through outside activities; Supports affirmative action and respects diversity; Embraces trusted advisor role.
- Judgment and Motivation - Displays willingness to make decisions; Exhibits sound and accurate judgment; Supports and explains reasoning for decisions; Includes appropriate people in decision-making process; Makes timely decisions; Demonstrates persistence and overcomes obstacles.
- Planning/Organizing - Ability to multi-task and set priorities; Prioritizes and plans work activities; Uses time efficiently; Sets goals and objectives.
- Professionalism - Ability to deal with all levels of personnel in a courteous and effective manner; Approaches others in a tactful manner; Reacts well under pressure; Treats others with respect and consideration regardless of their status or position.
- Quantity - Ability to work under pressure on multiple tasks concurrently and meet deadlines in a fast-paced work environment with interruptions and changing priorities.
- Adaptability - Adapts to changes in the work environment; Manages competing demands; Changes approach or method to best fit the situation; Able to deal with frequent change, delays, or unexpected events.
- Attendance/Punctuality and Dependability - Is consistently at work and on time; Ensures work responsibilities are covered when absent; Arrives at meetings and appointments on time; Follows instructions, responds to management direction; Takes responsibility for own actions and that of all members of the Compliance Risk Advisory Group; Commits to long hours of work when necessary to reach goals.
Qualifications
To perform this job successfully, expert-level knowledge of regulatory Compliance Risk Management and related laws and regulations. Incumbent must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Education and/or Experience
10 years BSA/AML/OFAC management experience; Prior compliance experience at a large bank subject to direct CFPB oversight and supervision preferred; Expert-level familiarity with federal and state banking regulations preferred; Association of Certified Anti-Money Laundering Specialists (ACAMS) preferred, Certified Fraud Examiner (CFE) preferred, or similar compliance certification. Experience working as an examiner may be taken into consideration when determining prior senior-level compliance requirements have been met.
Computer Skills
To perform this job successfully, an individual should have advanced knowledge of Microsoft Office Suite, including Outlook, Word, Excel, PowerPoint, and Access. Power BI preferred. Ability to learn bank-specific software. Ability to use basic office machines.
Bank Culture/Customer Service Skills
Ability and judgment to interact and communicate appropriately with other employees, customers and supervisor. Ability to serve customers, both internal and external, (community/public) in a manner that will reflect superior customer relations and enhance the overall marketing effort of Origin Bank.
Physical Demands
While performing the duties of this job, the employee is frequently required to stand; walk; sit; use hands to finger, handle, or feel and talk or hear. The employee is occasionally required to reach with hands and arms; climb or balance and stoop, kneel, crouch, or crawl. The employee must frequently lift and/or move up to 10 pounds and occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision, distance vision and ability to adjust focus.
Mental Demands
Incumbent in this position must be able to accommodate reading documents or instruments, detailed work, problem solving, customer contact, reasoning, math, language, presumptions, verbal and written communication, analytical reasoning, stress, multiple concurrent tasks, and constant interruptions.
Work Environment
The noise level in the work environment is usually moderate.
This job description reflects management's assignment of essential functions. It does not prescribe or restrict the tasks that may be assigned. Origin Bank shall, in its discretion, modify or adjust the position to meet the Bank's changing needs. This job description is not a contract and may be adjusted as deemed appropriate in the Bank's sole discretion.
Origin Bank is an equal opportunity employer and we do not discriminate in hiring or employment on the basis of race, color, sex, age, marital or veteran status, non-job related disability, religion, national origin, genetic information or any other basis protected by law.
Remote positions are intended to be filled in states within our footprint, which includes: Alabama, Florida, Louisiana, Mississippi, and Texas. Any exception to this policy requires further regulatory review and approval by management.
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