FIU Governance Program Manager (Hybrid/Richmond, VA)

 

Position Accountabilities

Regulatory Compliance

• Maintain an understanding of relevant laws, regulations, guidelines, and advisories issued by OFAC, FinCEN (Financial Crimes Enforcement Network), and other regulatory bodies pertaining to economic sanctions, AML, and CTF.
• Ensure all relevant policies, procedures, and practices align with regulatory requirements and industry best practices. Conduct periodic reviews of lines of business and legal entities’ policies and procedures.
• Implement necessary changes to policies and procedures in response to regulatory updates or changes in the organization's risk profile.

Policy and Procedure Management

• Establish and maintain policies, procedures, and controls to ensure compliance with relevant laws and regulations.
• Maintains the enterprise policy and procedure program for BSA, AML, and Sanctions compliance within the FIU and across other business units, with ultimate oversight by the Director of FIU.
• Develops and maintains the FIU’s internal procedures. Maintains and updates the FIU’s resources and documents in AUB’s e-Library and on the FIU’s Intranet site.
• Conducts independent reviews of lines of business and applicable non-bank affiliates, BSA, AML, and Sanctions Red Flags procedures, and FIU training materials to ensure compliance with laws and regulations.
• Publishes gap analysis memos to document reviews of procedures, and tracks successful remediation of issues identified if applicable.

Risk Assessment and Issue Management

• Maintain awareness of emerging risks, assess how they may impact the Bank, and develop and implement risk mitigation strategies to address identified risks effectively.
• Conduct the annual Enterprise AML-Sanctions risk assessment and the FIU business line risk assessments to identify and evaluate potential vulnerabilities related to AML-Sanctions compliance.
• Monitor the effectiveness of risk mitigation measures and make adjustments, as necessary.
• Ensures plans and programs adhere to appropriate policies and regulations, and assists lines of business and/or applicable non-bank affiliates with reporting on the status of significant issues.
• Research BSA, AML, and Sanctions issues/questions upon occurrence, and provides appropriate clarification or interpretation to appropriate management and/or requestor, on applicable rules, regulations, and guidance supporting responses with regulatory citations.

Stakeholder Communication and Collaboration

• Collaborate with other departments, including Legal, Risk Management, Systems/Data Governance, Internal Audit, and Business Units, as needed.
• Works with functional management to ensure alignment with strategy/policies and business line objectives

 

• Works with functional management to ensure risks are properly identified in new products/services and conversions by attending project meetings
• Serve as the subject matter expert for AML and Sanctions. Collaborates and guides the lines of business and applicable non-bank affiliates on: AML and Sanctions policies and procedures, identifying control gaps and/or remediation needed; products and service advice relative to FIU impact, audits and exams; managing issues; escalating through proper channels, as needed; and recommending corrective actions for non-compliance.
• Facilitate responses to attestations/questionnaires (e.g., Wolfsberg)
• Facilitate vendor/contract management due diligence and reviews
• Coordinates company-wide communications for FIU management, including maintaining and updating the intranet.
• Coordinates FIU internal communications, training opportunities, and immediate changes, updates or tasks within the FIU.
• Maintains FIU distribution lists

Internal and External Audits

• Coordinate and support internal and external audits of the Bank's AML and sanctions compliance programs.
• Respond to audit findings and implement corrective actions as necessary.
• Ensure that audit recommendations are addressed in a timely and effective manner.

FIU Training

• Approves BSA, AML, Sanctions training assignments for new job roles for the enterprise and applicable non-bank affiliates
• Develop and deliver training programs to ensure that employees are aware of and understand their AML and sanctions compliance responsibilities.
• Ensure that training materials are up-to-date and reflect current regulatory requirements and best practices.

Ethical Conduct and Integrity

• Uphold the highest standards of professional ethics, integrity, and confidentiali