Shermen Bank International
Financial Investigations Unit Manager-Lead
Shermen Bank International, Washington, District of Columbia, us, 20022
Financial Investigations Unit Manager-Lead
Job Description: Financial Investigations Unit Manager-Lead
Company: ShermenBank International (In Formation)
Location: Washington, D.C.
Reports to: Chief BSA/AML Officer
Client Focus: Embassy, Consulate, and Foreign Mission Diplomatic Community
About Us We are a specialized Edge Act Corporation, chartered by the Federal Reserve, dedicated to providing premier international banking and financial services. Based in Washington D.C., our primary focus is serving as the trusted financial partner to the diplomatic community, including embassies, consulates, foreign missions, and their affiliated organizations in the United States. We operate in a high‑compliance, high‑touch environment and are committed to the highest standards of regulatory excellence and client service.
Position Summary The Financial Investigations Unit (FIU) Manager‑Lead will be responsible for the AML & Sanctions Department’s operational functions. The FIU Manager‑Lead will manage a team whose activities include client onboarding, periodic reviews, name and payments screening, sanctions reviews, AML transaction monitoring, and fraud detection. This role reports to the Chief BSA/AML Officer/Head of Anti‑Financial Crimes.
Core Responsibilities
Manage the FIU team
Supervise and support daily activities including client onboarding‑know your customer reviews, periodic and ad‑hoc reviews, customer risk scoring, name and payments screening, Office of Foreign Assets Control (OFAC) sanctions reviews, AML transaction monitoring and fraud detection
Support the team and work on transaction monitoring alerts, fraud alerts, case investigations, and suspicious activity report (SAR) and currency transaction report (CTR) filing, 314(a) and 314(b)
Assist in the updating of AML and Sanctions policies and procedures and other documentation
Produce metrics reporting for senior management
Create escalation reports for senior management
Assist in AML and Sanctions training across various groups/departments
Assist in the coordination of the BSA/AML & Sanctions Risk Assessment, Red Flags Coverage Assessment, and the Enterprise‑Wide Risk Assessment process
Coordinate with regulators, auditors, and vendors regarding matters related to AML & Sanctions
Support the AML Model Analytics/Technology team in the tuning and testing of the AML & Sanctions Department’s models and systems
Required Skills & Qualifications We are looking for a versatile candidate who is hands‑on and wants to work in a fast‑paced, innovative, dynamic, and collaborative environment. Candidates for this role will have the following knowledge and experience:
5-8 years in an AML and Sanctions role with experience in client onboarding‑know your customer reviews, periodic and ad‑hoc reviews, customer risk scoring, name and payment screening, Office of Foreign Assets Control (“OFAC”) sanctions reviews, AML transaction monitoring and fraud detection, case investigations, SAR filing, and CTR filing
AML, Sanctions and Anti‑Fraud team management experience or ready “to take the next step”
AML, Sanctions, and Anti‑Fraud subject matter expertise
Experience in presenting to and meeting with auditors and regulators
Excellent knowledge of U.S. AML, OFAC sanctions and Anti‑Financial Crime regulatory rule framework and requirements
Knowledge and experience of the Embassy, Consulate and Mission (“ECM”) business and transaction typologies
Creating and/or updating AML and Sanctions policies and procedures
Anti‑Financial Crime model/platform end‑to‑end testing and supporting documentation
Creating and updating documentation that meets regulatory standards and expectations
Working on coverage assessments, BSA/AML & Sanctions risk assessments, and Enterprise‑Wide Risk Assessments
Producing metrics reporting for senior management
Excellent knowledge of Excel, PowerPoint, Visio, etc.
Seniority level Mid‑Senior level
Employment type Full‑time
Job function Legal
Industries Banking
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Company: ShermenBank International (In Formation)
Location: Washington, D.C.
Reports to: Chief BSA/AML Officer
Client Focus: Embassy, Consulate, and Foreign Mission Diplomatic Community
About Us We are a specialized Edge Act Corporation, chartered by the Federal Reserve, dedicated to providing premier international banking and financial services. Based in Washington D.C., our primary focus is serving as the trusted financial partner to the diplomatic community, including embassies, consulates, foreign missions, and their affiliated organizations in the United States. We operate in a high‑compliance, high‑touch environment and are committed to the highest standards of regulatory excellence and client service.
Position Summary The Financial Investigations Unit (FIU) Manager‑Lead will be responsible for the AML & Sanctions Department’s operational functions. The FIU Manager‑Lead will manage a team whose activities include client onboarding, periodic reviews, name and payments screening, sanctions reviews, AML transaction monitoring, and fraud detection. This role reports to the Chief BSA/AML Officer/Head of Anti‑Financial Crimes.
Core Responsibilities
Manage the FIU team
Supervise and support daily activities including client onboarding‑know your customer reviews, periodic and ad‑hoc reviews, customer risk scoring, name and payments screening, Office of Foreign Assets Control (OFAC) sanctions reviews, AML transaction monitoring and fraud detection
Support the team and work on transaction monitoring alerts, fraud alerts, case investigations, and suspicious activity report (SAR) and currency transaction report (CTR) filing, 314(a) and 314(b)
Assist in the updating of AML and Sanctions policies and procedures and other documentation
Produce metrics reporting for senior management
Create escalation reports for senior management
Assist in AML and Sanctions training across various groups/departments
Assist in the coordination of the BSA/AML & Sanctions Risk Assessment, Red Flags Coverage Assessment, and the Enterprise‑Wide Risk Assessment process
Coordinate with regulators, auditors, and vendors regarding matters related to AML & Sanctions
Support the AML Model Analytics/Technology team in the tuning and testing of the AML & Sanctions Department’s models and systems
Required Skills & Qualifications We are looking for a versatile candidate who is hands‑on and wants to work in a fast‑paced, innovative, dynamic, and collaborative environment. Candidates for this role will have the following knowledge and experience:
5-8 years in an AML and Sanctions role with experience in client onboarding‑know your customer reviews, periodic and ad‑hoc reviews, customer risk scoring, name and payment screening, Office of Foreign Assets Control (“OFAC”) sanctions reviews, AML transaction monitoring and fraud detection, case investigations, SAR filing, and CTR filing
AML, Sanctions and Anti‑Fraud team management experience or ready “to take the next step”
AML, Sanctions, and Anti‑Fraud subject matter expertise
Experience in presenting to and meeting with auditors and regulators
Excellent knowledge of U.S. AML, OFAC sanctions and Anti‑Financial Crime regulatory rule framework and requirements
Knowledge and experience of the Embassy, Consulate and Mission (“ECM”) business and transaction typologies
Creating and/or updating AML and Sanctions policies and procedures
Anti‑Financial Crime model/platform end‑to‑end testing and supporting documentation
Creating and updating documentation that meets regulatory standards and expectations
Working on coverage assessments, BSA/AML & Sanctions risk assessments, and Enterprise‑Wide Risk Assessments
Producing metrics reporting for senior management
Excellent knowledge of Excel, PowerPoint, Visio, etc.
Seniority level Mid‑Senior level
Employment type Full‑time
Job function Legal
Industries Banking
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