Team Leader, FIU (Remote)

Join us on our mission to create a completely new, 100% digital bank that truly serves customers' best interests. We are a close-knit and fun-loving team of seasoned financial services professionals who came together for the challenge of building a bank from scratch - and we are committed to doing it all the right way (from technology infrastructure to modern marketing to customer experience).

 

The anticipated salary range for this role is between $82,000.00 and $132,000.00. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.

 

We work with the flexibility and speed of a start-up. But we also have significant stability and capital from being part of the SMBC Group (Sumitomo Mitsui Banking Corporation). SMBC is the second largest bank in Japan and the 12th largest bank in the world with operations in over forty countries. And SMBC is committed to disrupting the US marketplace with ground-breaking products.

 

It is the best of both worlds, and we are seeking proven marketing leaders to propel us towards a national launch. We have both the ambitious growth plans and the 'patient capital' necessary to execute a multi-year plan. Join us on the journey to deliver an exciting concept of evolved banking.

SUMMARY:

This position sits within SMBC MANUBANK's Financial Crimes Compliance (FCC) which is part of the larger Compliance Department. The FCC department is responsible for developing the Bank’s BSA/AML, Sanctions, and Fraud Programs to ensure that the bank achieves optimal compliance with all related laws and regulations. We are seeking an experienced and talented Associate, Team Leader to lead the day-to-day compliance efforts related to transaction monitoring for the Digital Banking Unit. 

 

Reporting to the VP, Jenius FIU Manager, the FIU Associate will be responsible for the supervision and quality control of the FIU staff’s completion of alerts, case investigations, and Suspicious Activity Report (SAR) filings. Responsibilities will also include ensuring that reviews and investigations are performed in accordance with AML policy and procedures. This individual must have specialized knowledge related to retail banking risks and will be responsible for adherence to bank policies and procedures related to the Bank Secrecy Act, Anti-Money Laundering Program, and USA PATRIOT Act requirements.
 

PRINCIPAL DUTIES AND RESPONSIBILITIES:

• Working with the FIU VP, ensures department's compliance with all regulatory practices outlined by FCC/BSA/AML/OFAC including SARs, adherence to Jenius Bank policies and procedures, and the timely and successful completion of all alerts and related investigations. 
• Perform quality control on transaction monitoring alerts submitted by analysts to ensure alerts are being worked in accordance with FIU procedures. 
• Provide ongoing feedback to FIU analysts on quality of work and training where necessary.  
• Acts as a subject matter expert for investigations, general FIU process, and systems utilized by the FIU in the course of investigations. 
• May assist in providing documentation as required in response to inquiries from internal and external auditors, Bank departments, and regulators.
• Assist VP with maintaining statistical reports necessary for evaluation by FIU management. This includes, but is not limited to alert management and analyst performance metrics. 
• Assist VP in maintaining and updating FIU procedures as Jenius customer base grows and new products are offered.
• Assist in promoting a culture of compliance and ethical conduct throughout the organization.
• Collaborate with cross-functional teams, including compliance, legal, risk management, fraud, and IT to advance the FIUs strategic goals. 
• Keep abreast of changes in regulatory requirements and evolving trends in financial crime to adapt the organization’s practices accordingly.
• Maintain proficient knowledge of the rules and regulations, including but not limited to, the Bank Secrecy Act (BSA), USA PATRIOT Act, FFIEC Manual, and evolving banking landscape.
• Provide training to new staff 

POSITION SPECIFICATIONS:

• Extensive experience (5+ years) in financial crimes compliance, anti-money laundering (AML), and/or counter-terrorist financing (CFT) roles;
• Bachelor’s degree in finance, Accounting, Business Administration, or a related field;
• Professional certifications such as CAMS (Certified Anti-Money Laundering Specialist) or CFCS (Certified Fin