Director of AML/CFT

This is a fully remote position, open to applicants in California.

📋 Description

• Act as the authority on compliance and fraud-related matters for the Bank’s ISO Sponsorship/Merchants Services, Payments, and Commercial Banking sectors.

• Tasked with researching, analyzing, developing, and overseeing both new and existing operational procedures, ensuring adherence to essential regulations such as the USA Patriot Act, Bank Secrecy Act (BSA), Anti Money Laundering (AML), Countering the Financing of Terrorism (CFT), and Office of Foreign Assets Control Regulations (OFAC).

• Identify, create, and implement strategies to uphold compliance, suggesting modifications to current and proposed programs based on the analysis of evolving state and federal laws and regulations.

• Contributes to process enhancement by pinpointing inefficiencies and proposing solutions within workflows.

• Enhances team performance by establishing clear objectives, tracking outcomes, and executing strategies to surpass goals.

• Oversees, mentors, and develops team members, including conducting performance assessments, taking corrective measures, and providing continuous feedback and guidance.

• Works in collaboration with senior leadership and cross-departmental teams to further company initiatives and strategic aims.

• Guarantees compliance with all anti-money laundering regulations, which include, but are not limited to, the USA Patriot Act, AML, CFT, KYC, and OFAC for the Bank’s ISO Merchant Services Program, as well as the Bank’s internal ISO Payments Program.

• Conducts research, analysis, development, and monitoring of both new and existing operational procedures, ensuring compliance with key regulations.

• Oversees the daily/monthly/quarterly audits of AML and Fraud procedures, ensuring timely detection and effective management of all suspicious and fraudulent activities.

• Engages with regulatory bodies to support the governance and compliance of the Bank’s AML program.

• Maintains continuous awareness and monitoring of pertinent regulatory advancements and industry best practices concerning AML, CFT, and OFAC.

⛳️ Requirements

• A Bachelor’s degree from an accredited institution in a relevant field (e.g., Business, Finance, or similar) is preferred.

• Professional certification(s) in AML/Fraud (e.g., CAMs, CAFP, CFE) are required.

• A minimum of 6–10 years of relevant leadership experience, with at least 10 years in the financial services sector, specifically with knowledge in AML, CFT, and OFAC is required.

• At least 5 years of experience in the merchant services and/or fintech payments industry, particularly managing AML/CFT and compliance operations.

• A minimum of 5 years in a managerial role overseeing AML/CFT and/or compliance functions and working with auditors and examiners.

• Exceptional organizational and time management abilities, with a capacity to lead, delegate, motivate, resolve problems, and train a team of 7 or more employees using constructive supervisory methods to optimize productivity.

• Ability to set performance standards, evaluate outcomes, take corrective actions, and appropriately reward team members.

• Extensive knowledge of management processes, with the capability to plan departmental activities, including developing strategies and formulating policies and procedures.

• Proficiency in Microsoft Office Suite (Excel, Word, Outlook) is required.

• Familiarity with State and Federal laws, regulations, FFIEC, FinCEN, FDIC, and other relevant supervisory guidance.

• Direct experience with Financial Services Regulatory and Compliance Examinations and the ability to communicate effectively with examiners and agents, both in writing and verbally.

• Strong qualitative and quantitative analytical competencies.

• Effective verbal, written, and interpersonal communication skills, with the capacity to apply common sense to execute instructions, interpret documents, comprehend procedures, draft reports and correspondence, and communicate clearly with customers, vendors, and colleagues.

• Strong teamwork and relationship-building skills, with the ability to lead collaborative initiatives, promote alignment, and achieve results.

• Ability to take initiative and influence change within the Bank through building consensus, negotiation, and conflict resolution.

• Commitment to ongoing learning and professional growth for oneself and team members to stay abreast of industry standards and best practices.

• Proven ability to maintain authenticity and integrity in all professional interactions, ensuring trust and credibility with team members, customers, and direct reports.

• Willingness to undertake special projects and perform additional duties as assigned, beyond primary responsibilities, to support team and organizational needs.

• Ability to manage multiple priorities and adhere to deadlines in a dynamic work environment.

🏝️ Benefits

• Medical, dental, and vision coverage

• Life insurance

• Paid vacation

• 401(k) retirement plan

• Training & development opportunities

• Tuition reimbursement

• Employee Assistance Program

• Internal job postings and referral program