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VP FCRM Sanctions Manager

at The Bancorp Bank in Wilmington, Delaware, United States

Job Description

VP FCRM Sanctions Manager

Job Location

 

US-DE-Wilmington

Type

Regular Full-Time

Overview

 

 

 

Oversee and provides day-to-day operations support to the Sanctions teams, onshore and offshore, responsible for Sanctions and Watchlist screening. Teams are responsible for sanctions screening, high risk country transaction analysis, and related customer/transaction screening, including politically exposed person (PEP) lists, negative news, and 314(a), among others.

 

 

 

 

Responsibilities

 

 

 

Manages the bank's Sanctions compliance program, ensuring Level 1/Level 2 reviews of sanctions alerts across teams of sanctions analysts.

Identifies areas for improvement, develops sanctions specific process and technology solutions and lead execution.

Provides daily operation support to ensure time sensitive work and alerts are acted upon.

Works with line of business management to promote AML/OFAC compliance and is involved in the development and enhancement of products to ensure compliance with applicable laws and regulations.

Oversees the use of software tools and technologies for screening. Tools include Lexis Nexis, Bridger, and Actimize, as well as processor and transaction platforms.

Escalates issues discovered during ongoing review and assessment of AML/OFAC compliance risk that require escalation to Senior Management for direction on resolution.

Liaises with OFAC on escalated customers and transactions, as needed, and facilitates the filing of required reports such as Fincen 314(a).

Manages screening metrics reporting related to volume and analysts' performance.

Manages onshore and offshore teams of analysts. Develops and executes a workforce plan to meet business goals. Interviews, hires, sets high performance standards and manage team performance in accordance with all applicable HR policies and procedures. Creates an energized work environment, fostering an atmosphere that enables employee trust and engagement. Inspires confidence and motivates others to perform at their best. Develops and coaches staff while effectively addressing performance issues.

Provides advice, guidance, and training on technical AML/OFAC issues and decisions.

Reviews dispositions and ensures alerts are fully documented, including providing supporting data, analysis and rationale.

Keeps abreast of AML/OFAC updates and requirements.

Works across FCRM departments as needed including one or more of the following areas: KYC, Investigations, or Surveillance and Monitoring.

Performs other duties as assigned.

 

 

 

 

Qualifications

 

 

 

Education/Experience Requirements

Undergraduate degree in a related field.

Five years AML (Anti-Money Laundering) group experience at a large financial institution, including three years progressive management experience with demonstrated ability to lead a team of AML professionals and sanctions experience in resolving items identified as potential matches to adverse media alerts, designated sanctions targets and prohibited persons lists.

Preferred Requirements

CAMS, CFE, CBAP, CRCM or other certifications.

Strong working knowledge of OFAC related regulations and guidance.

Strong working knowledge of LexisNexis and Actimize.

Ability to manage multiple priorities and tasks with the skills to adapt to changes in a fast-paced environment.

Ability to critically review documentation for new accounts.

Ability to identify solutions for recurring issued identified.

Excellent verbal, written, and interpersonal communication skills with the ability to work effectively with colleagues across regions and business units.

Excellent time management skills and ability to execute tasks within tight deadlines.

Excellent investigative and analytical skills with the ability to uncover root causes, identify patterns, and analyze key risk trends.

A self-motivated team player able to work effectively in a team fostered, multi-tasking environment.

Proficient in Microsoft Office suite, e.g., Excel, PowerPoint, Word, Outlook.

Employment with The Bancorp includes successfully passing a background check including credit, criminal, OFAC, education and past employment.

The Bancorp is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex, sexual orientation, gender identity, age, status as a protected veteran, among other things, or status as a qualified individual with disability.

 

The Bancorp is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex, sexual orientation, gender identity, age, status as a protected veteran, among other things, or status as a qualified individual with disability.

 

The Bancorp is an Equal Opportunity Employer

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Job Posting: 859791

Posted On: Oct 18, 2021

Updated On: Oct 24, 2021