BSA/AML Compliance Director

Job Description: BSA/AML Compliance Director Guggenheim Securities Position Summary The BSA/AML Director develops, implements, administers, and maintains all aspects of the bank’s Bank Secrecy Act/Anti-Money Laundering Compliance Program. He/she ensures the program functions at a high level of compliance with the BSA/AML related laws and regulations, internal policies and Federal regulatory expectations. Essential Job Functions Coordinates and oversees an effective Bank Secrecy Act/Anti-Money Laundering/OFAC Compliance Program that is in compliance with current industry best practices, regulatory guidance and requirements. Develops, implements, administers and enhances the BSA/AML/OFAC/USA Patriot Act monitoring systems to ensure that appropriate parameters are in place to identify suspicious and/or fraudulent activity. Establishes and maintains an effective CDD/EDD risk rating and monitoring program to include initial and ongoing assessments, and reviews and analyzes unusual account activity. Establishes and maintains appropriate SAR investigation, reviews and reports processes that promote consistent decisions; adequate investigation and research; and completes detailed documentation. Conducts BSA/AML/OFAC risk assessments at least annually with consideration to products, services, members and geographies that may present BSA/AML/OFAC related risks. Acts as a liaison/contact for examinations, internal audit and external audits of the BSA/AML compliance programs. Responds to exams and audit concerns and oversees corrective action of all related compliance deficiencies. Updates and revises BSA/AML/OFAC and all other compliance policies and procedures. Administers BSA/AML/OFAC related training programs for directors, management and employees and provides BSA guidance and coaching to employees. Maintains BSA/AML related monitoring and reporting systems. Serves as subject matter expert in all systems related to BSA/AML activities. Monitors and analyzes developing industry and compliance trends and changes to laws and regulations pertaining to BSA/AML/OFAC/USA Patriot Act. Advises stakeholders of emerging risks, new or amended laws, regulations, or agency guidance and recommends and implements changes and controls to mitigate those risks. BSA Monitoring and Filings: Ensures all required regulatory reporting is conducted in a timely, accurate, and compliant manner. Ensures staff completes required CTRs by comparing system generated reports to CTRs submitted. Coordinates completion of missing reports with staff and management. Reviews watch lists and watch lists alerts. Analyzes possible matches and takes appropriate follow-up actions. Reviews anti-money laundering alerts for suspicious activity. Performs additional research to determine if activity is suspicious. Composes, reviews and files Suspicious Activity Reports (SARs) and conducts follow-up reviews to determine if subsequent SAR filings are required. Investigates staff reporting of possible suspicious behavior and files SARs as necessary. Reviews 314(a) procedures and reporting. Maintains in-depth knowledge of and complies with all Federal, departmental and security policies and procedures as well as federal regulations applicable to the position, including BSA requirements. Completes all required compliance training as assigned. Performs other duties as assigned. Preferred Qualifications Thorough knowledge of key banking regulations. Strong interpersonal, communication and organizational skills with the ability to work independently, as well as, collaboratively within a team environment. Strong decision making, analytical and investigative abilities with attention to detail and accuracy. Ability to interact effectively with all levels of management, regulators and examiners while maintaining strict confidentiality. Ability to effectively present information to management, public groups and/or Boards of Directors. Basic Qualifications Bachelor’s degree preferred. Requires 10+ years banking experience. Work Location Currently, this role is expected to be in the New York office at least 4 days per week. Salary Annual base salary between $185,000 and $200,000. Guggenheim Securities is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

#J-18808-Ljbffr