Director of Financial Intelligence Unit

Supervisory Responsibilities: AML/CFT Officer, Fraud Detection and Investigation Manager, BSA/AML Systems Manager

Summary: The Director of FIU is responsible for directing and executing the enterprise-wide financial crime detection, identification, investigation, and prevention program which includes Anti-Money Laundering/Combatting the Financing of Terrorism (AML/CFT) and OFAC/Sanctions, the Fraud Risk Management Program, and Corporate Investigations.

Essential Duties and Responsibilities:

• Provides leadership in coordinating investigative efforts within the FIU, including AML/CFT and Fraud, and other relevant business units, law enforcement agencies, and other institutions.

• Leads the FIU by effectively managing the unit in making process improvement recommendations; provides daily interaction, mentoring, and coaching; identifies training opportunities to ensure department staff has requisite skills and resources to function at a high level.

• Oversees the enterprise wide AML/CFT and OFAC/Sanctions programs; ensures programs are consistent with current regulations and industry best practices.

• Oversees an effective Customer Due Diligence and Enhanced Due Diligence program and that a customer risk rating methodology is adhered to; continuously assess for improvements.

• Oversees the alert review and case investigation process within the FIU to ensure consistent decision making and complete and detailed documentation.

• Verifies that annual updates to the AML/CFT and OFAC/Sanctions Programs, policies, and procedures are done to ensure they are accurate and reflective of the current regulatory environment; confirms the AML/CFT/OFAC/Sanctions Risk Assessment is updated annually, or sooner if needed, considering products, services, customers, and geographies.

• Ensures timely, accurate, and compliant filing of Currency Transaction Reports (CTRs) and Suspicious Activity Reports (SARs), and 314(a) and 314(b) reporting.

• Serves as support to the AML/CFT Officer for all regulatory exams, internal and external audits.

• Supervises the BSA/AML Systems Manager who ensures appropriate parameters are in place within the Bank's anti-money laundering and fraud detection software to identify suspicious activity and transactions that would violate OFAC/Sanctions.

• Collaborate with the Fraud Manager and business units to establish and maintain processes to prevent fraud and mitigate potentially fraudulent activities.

• Implements, manages, and executes the Fraud Risk Management Program, ensures that fraud related alerts and incidents and claims of unauthorized transactions are appropriately staffed, researched, and addressed; and that fraud related programs and procedures remain current and consistent with regulations and where appropriate, with industry best practices.

• Assists with internal investigations, partnering with the Human Resource Department as well as external parties.

• Incorporates the high-performance behaviors of teamwork, leading by example and service in every facet of work.

• This job description is not exhaustive. The Director of FIU may be required to perform other duties as assigned.

Knowledge, Skills and Abilities:

• Excellent leadership skills with the ability to manage multiple priorities and meet established deadlines.

• Enhanced knowledge of AML/CFT and OFAC/Sanctions regulations with ability to apply in a practical setting.

• Extensive knowledge of all types of bank fraud.

• Participation in local law enforcement/financial institution task forces.

• Excellent verbal and written communication skills and ability to interact positively with a wide variety of individuals.

• Ability to maintain a high degree of discretion and confidentiality.

• Strong judgment and analytical ability to identify trends, interpret data, conduct root cause analysis, and apply findings to workflows and responsibilities to create operational efficiencies.

• Ability to learn and utilize new and existing banking software applications.

• Ability to utilize anti-money laundering and fraud detection software programs.

Minimum Qualifications:

• Minimum of 10 years of experience with AML/CFT/Fraud software in a multi-billion dollar financial institution is required. Verafin experience is preferred.

• Minimum of 3 years of managerial or supervisory experience within AML/CFT and/or Fraud is required.

• CAMS or Fraud Examiner Certificate preferred.

• Bachelor's Degree in a business-related field is required.