BSA/AML Operations Manager
1 week ago
Phaxis LLC, a leading financial institution, seeks an experienced BSA/AML Operations Manager to join their Enterprise Risk Management Division in the Philadelphia Area.
Job Overview:
- Oversight of BSA and Deposit Fraud prevention operations
- Leadership and development of a team of ERM Representatives
Responsibilities:
- Lead and develop a team of ERM Representatives to ensure effective risk management and compliance with BSA and AML requirements
- Oversight of daily BSA and Deposit Fraud prevention operations, including review and investigation of complex suspicious activity cases
- Manage high-risk account due diligence processes and supervise SAR and CTR filing procedures
- Assist with BSA/AML policy development and implementation, and contribute to BSA risk assessment and ID Theft risk assessment
- Develop and deliver compliance training programs to maintain the highest standards of compliance and risk management
- Monitor evolving regulations and fraud techniques to ensure ongoing compliance and effectiveness
Requirements:
- 3-5 years of experience in BSA/AML, with prior management experience
- BSA/AML certification and knowledge of Bank Secrecy Act and Regulation CC
- Understanding of federal/state financial regulations and strong analytical and problem-solving abilities
- Associate's degree or equivalent specialized training
Preferred Skills:
- Experience with financial software applications and knowledge of accounting, real estate law, and lending procedures
- Background in credit union operations and training/development experience
Benefits:
- Competitive base salary: $68,800 - $90,600
- Comprehensive health benefits, 401(k) with generous company match, paid time off, and hybrid work arrangement
- Professional development opportunities within a growing organization committed to maintaining the highest standards of compliance and risk management
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