Transaction Monitoring VP

7 days ago


new york city, United States Social Capital Resources Full time

Bank in Midtown, Manhattan is seeking a Transaction Monitoring VP for a full-time position


Responsibilities:


  • Responsible for overseeing the transaction monitoring process, managing fraud escalations, and ensuring compliance with relevant regulations and internal policies.
  • Ensure compliance with relevant regulations, such as the Bank Secrecy Act (BSA), USA PATRIOT Act, and other anti-money laundering (AML) and counter-terrorist financing (CTF) laws and regulations.
  • Manage the day-to-day operations of the transaction monitoring team, ensuring accurate and timely review of suspicious activity alerts.
  • Develop and maintain comprehensive procedures and desktop procedures for transaction monitoring and fraud escalation processes, ensuring consistency and adherence to best practices.
  • Continuously enhance the efficiency and effectiveness of the transaction monitoring and fraud escalation processes through process optimization, automation, and the adoption of new technologies and tools.
  • Develop, implement, and maintain transaction monitoring strategies, rules, and scenarios to detect potential money laundering, terrorist financing, and other financial crimes.
  • Oversee the fraud escalation process, ensuring proper investigation and resolution of fraud cases.


Qualifications:


  • Bachelor's Degree
  • 7+ years experience working with BSA, AML, and CTF
  • CAMS is preferred
  • Prior managerial experience and the ability to lead


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