Aml/Partner Banking Program Specialist

Details of the offer

The AML Program Specialist will be responsible for performing monitoring and diligence functions to support The Bank's Partner Banking Program. Responsibilities include initial and ongoing diligence of partner customers, monitoring customer transactions for unusual or suspicious activity, and sampling and testing of partner programs to ensure adequate compliance with The Bank's AML Policy and applicable laws and regulations. Job Description Responsibilities include but are not limited to: Perform initial and ongoing due diligence on partner banking customers in accordance with the Bank's AML/CIP policy, including collection and review of all required licenses, validation of customer BSA, KYC and CIP processes, and understanding of customer's transaction monitoring process. Conduct initial and ongoing risk assessments on partners to ensure the partners' programs remain within the Bank's risk tolerance. Receive partner escalation of any suspicious or unusual activity with the partner's underlying customers and coordinate and communicate with partners on proper responses to activity, filing SARs on the escalated activity when warranted. Complete periodic reviews of customer's BSA program, including CIP requirements and validation and review processes, internal investigation and escalation processes, sanctions screening process and training regime. Track and monitor partner policy and procedure updates, program deficiencies and issues, and remediation timelines. Monitor partners for unusual or suspicious activity, file SARs [with FinCEN] [as needed], and provide recommendations for exiting partner relationships or terminating partner accounts based on diligence, account, or transaction monitoring reviews. Work with senior team members to identify Partner Banking improvements, program updates, and regulatory changes to adequately address emerging obligations and risks posed by this customer group. Required Skills: Must be familiar with BSA requirements for CIP, KYC and beneficial ownership, as well as suspicious activity monitoring. Understanding of third party banking relationships, including BSA requirements specific to fintechs. Basic understanding of third-party risk management practices and principals. Able to work independently and communicate effectively with stakeholders and external partners. Experience working with AML transaction monitoring systems. Strong written and verbal communications skills, attention to detail and strong time management skills. Strong analytical and critical reasoning skills. Strong interpersonal skills and ability to collaborate effectively with colleagues across regions and Business Units, as well as external partners and vendors. Effectively handle a fast-paced environment and successfully meet established deadline requirements. Strong team player. Required Experience: High School diploma. Minimum of 1 year of experience in compliance, financial crimes compliance, partner banking or related area. Preferred Experience: Experience working directly with or for money service business or fintechs; knowledge of third-party payment processing, and Automated Clearing House (ACH) payments This is a Hybrid position with 3 days in office - Morristown NJ, New York City or Aventura Florida located candidates are encouraged to apply.


Nominal Salary: To be agreed

Source: Talent2_Ppc

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