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BSA/AML Investigations Manager

Old National Bank · Evansville, IN
// classified as
Other (Adjacent or hard to classify.)
posted
1d ago
location
Evansville, IN
languages
—
tools
excel
> stack
excel
> description

Overview

Old National Bank has been serving clients and communities since 1834. With over $70 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving. 

 

We continually seek highly motivated and talented individuals as our people are critical to our success. In return, we offer competitive compensation with our salary and incentive program, in addition to medical, dental, and vision insurance.  401K, continuing education opportunities and an employee assistance program are also included in our benefit suite. Old National also offers a variety of Impact Network Groups led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization.  We offer a unique opportunity to join a growing, community and client-focused company that is firmly rooted in its core values.

Responsibilities

The BSA/AML Investigations Manager assists in the development of policy, programs and a governance process that establishes and maintains operational procedures, training requirements, internal controls, monitoring and reporting processes for all business lines in order to comply with requirements of the Bank Secrecy Act and Anti Money Laundering (BSA/AML) and OFAC regulations.  The position provides technical compliance expertise to BSA and OFAC regulations as well as development and supervision of direct reports. The BSA/AML Investigations Manager must remain abreast of current and emerging money laundering and financial crime trends. They must also understand the risk appetite of the bank and be able to manage, identify, and adjust to the changing customer risk profile of the bank which includes the ability to structure “outside of the box” solutions.  The position will report directly to the BSA/AML Investigations Manager.

 

Salary Range

The salary range for this position is $60,000.00/Yr. - $121,300.00/Yr.. The base salary indicated for this position reflects the compensation range applicable to all levels of the role across the United States. Actual salary offers within this range may vary based on a number of factors, including the specific responsibilities of the position, the candidate’s relevant skills and professional experience, educational qualifications, and geographic location.

 

Key Accountabilities

Assist in the development, implementation, and maintenance of the BSA/AML/OFAC Compliance Program:

  • Maintain knowledge of applicable laws, regulations, and issues.  Evaluate changes in industry practice and legal/regulatory requirements and ensure that timely appropriate action is taken.
  • Assist in efforts to complete preparatory work prior to BSA/AML regulatory examinations and direct the preparation of reports and correspondence as needed to the regulatory agencies.
  • Assist or recommend changes to BSA/AML or OFAC policies and procedures; provides technical compliance support when issues or questions arise; assist as an advisor in new product and/or service development.
  • Provide recommendations to the BSA Investigations Manager on current system efficiencies and/or required improvements.
  • Participate in compliance training and additional continuing education to maintain proficiency in the laws and regulations affecting financial institutions regarding BSA/AML and OFAC.
  • Lead projects from start to finish, with little to no oversight or direction as assigned by management.
  • Assist management with mergers and acquisitions.
  • Provide metrics, trends, and analytics to BSA Investigations Manager

Serve as a lead role for department processes and operations department team members

  • Provide guidance in the day-to-day activities of the AML Investigations team, set monthly goals, ensure that production is maintained, accurate decisions are made, and quality standards are met by direct reports.  
  • Supervise the day-to-day operations of the AML Case Investigations Quality Control Process and Quality Control SAR Review Committee. Review supporting documentation, preparation of cases and evaluation of evidence; approve the need for a SAR in a timely manner.
  • Supervise the day-to-day operations of the 314(b) Information Sharing process.
  • Assist with BSA/AML and OFAC related compliance issues, procedures, as well as daily regulatory reporting.
  • This role does not typically perform the work supervised. 

People Leading Accountabilities

  • Provide coaching and perform 1:1 meetings for direct reports.
  • Assist with IDP review for Direct Reports.
  • Assist and lead staff meetings.
  • Coordinate and oversee team training. 

Key Competencies for Position

  • Develops Talent - Develops team members' effectiveness in their current and future roles through development activities.  Identifies issues, continuously provides coaching, mentoring, feedback and support to aid in building trust, development and promotability.  Identifies the right people for the right role while leveraging diversity.
  • Compelling Communication - Seeks to understand the strategy first and then offer context to your team providing relevant information in a transparent and concise way.  Listens carefully to concerns and acknowledges the situation and the feelings expressed to build trust and overcome resistance.
  • Makes Decisions & Solves Problems - Collaborates and seeks to identify what caused the issue, comparing data from different sources within Old National to draw conclusions.  Implements appropriate solutions and evaluates results within team.
  • Leads Inclusively - Leverages the power of inclusion to source, develop and retain diverse talent.  Engages all team members to leverage insights from diverse backgrounds, cultures, perspectives, styles, etc. 
  • Promotes Change - Drives change within team.  Communicates what needs to change, why and impact of change.  Demonstrates agility while engaging team members to gain insight and ensure acceptance while deploying others to implement new solutions.  Proactively recognizes a need and takes accountability for implementing an improvement and/or change.  Drives changes by encouraging the team to think creatively and act differently to enhance client, community and shareholder value.
  • Delights Clients - Supports an environment for passionately serving internal/external clients with excellence.  Understands data, metrics and/or financial information and how they tie to business outcomes related to client, team and business area. 
  • Personifies ONB Culture - Holds self and team member accountable to model our values. Focuses team’s efforts towards common good and connects them to the broader organization by investing time, heart, and expertise to help clients and communities thrive. 

Qualifications and Education Requirements

  • Bachelor's degree in Business, Finance, Accounting, Law or related field
  • 8+ years’ relevant experience in banking combined with BSA, AML, Fraud and Investigation or relevant business experience.
  • CAMS, CAFP, or CRCM
  • Supervisory experience is preferred
  • Extensive knowledge of banking principles, philosophies, and operational concepts
  • Advanced knowledge of BSA internal controls and regulations, OFAC regulations, USA PATRIOT Act, fraud scenarios, criminal situations, and internal crimes
  • Strong attention to detail, organizational, and time-management skills.
  • Ability to read and understand complex governmental laws, regulations, and regulatory guidance.
  • Ability to work independently and/or in a team. 
  • Strong interpersonal skills along with excellent written and verbal communication skills.
  • Advanced problem-solving skills with the ability to define problems and propose solutions
  • Required competency with Microsoft Office Suite, especially advanced use of Excel to manipulate data for analysis.

Old National is proud to be an equal opportunity employer focused on fostering an inclusive workplace and committed to hiring a workforce comprised of diverse backgrounds, cultures and thinking styles. 

 

As such, all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as a qualified individual with disability, sexual orientation, gender identity or any other characteristic protected by law. 

 

We do not accept resumes from external staffing agencies or independent recruiters for any of our openings unless we have an agreement signed by the Director of Talent Acquisition, SVP, to fill a specific position.

 

Our culture is firmly rooted in our core values.

We are optimistic. We are collaborative. We are inclusive. We are agile. We are ethical.

We are Old National Bank.  Join our team!

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