Director, Enterprise AML Governance (U.S.)

This position is for the Head of AML Governance supporting TIAA enterprise business lines located in the United States. Business lines consists of Institutional Retirement, Wealth, Broker-Dealer, TC Funds, Life Insurance, Nuveen affiliates, and education savings. This role will be the primary liaison with business lines to provide governance, training, and ad hoc advisory services in support of TIAA’s AML and Sanctions programs. The ideal candidate must have a desire to lead people, have a proven ability to effectively build relationships with business partners, and have a track record for delivering results.

This individual will also supervise and lead performance of the annual AML and OFAC risk assessments according to TIAA’s methodology. In addition to serving as a liaison with Audit and compliance testing functions during AML/Sanctions reviews, this individual will partner with Enterprise Testing & Monitoring during annual planning to ensure risk focused testing of business lines. This individual will also be responsible for the creation and/or maintenance of AML policies, procedures, preparation of board/committee materials, AML/OFAC training programs and consulting with legal partners, as needed. In addition, the AML Governance Director will be heavily involved in audits, regulatory exam engagements, and periodic routine monitoring calls with examiners.

Key Responsibilities and Duties

• Leading and managing a team of Compliance Officers supporting AML compliance efforts for Enterprise U.S. businesses.
• Supervising and leading the AML and OFAC risk assessments with relevant business unit management and report results and issues to the TIAA BSA/AML Officer for further action.
• Working with the business lines to create and update role-based AML/OFAC training programs to support the continuous development of AML/OFAC knowledge and skills within the line of businesses.
• Modifying policies, standards, and guidelines at the direction of Chief AML and Sanctions Officer through collaboration with the appropriate business partners.
• Support business partners by responding to questions and providing guidance and direction in U.S. AML matters.
• Assisting management in special projects, reports, training, and/or presentations to communicate program updates.
• Provide compliance oversight and support for aligned compliance program to ensure key controls are implemented and maintained, compliance regulations and requirements are met, and proper oversight is established.
• Serve as a subject matter expert for supported compliance program area on day-to-day compliance activities and initiatives.
• Identify and provide guidance on operationalizing new Compliance program regulatory requirements.
• Oversee processes around compliance metrics and scorecards for aligned business area.
• Conduct compliance risk assessments to evaluate fundamental operations and identify potential risk areas or control issues.
• Engage in monitoring activities and identify areas for investigation that can be indicative of compliance issues.
• Develop management action plans to remediate any compliance-related issues.
• Prepare reports for executive management and governance reviews, assist with regulatory exams, and assist with other high-level general compliance activities as needed.
• Oversee development and maintenance of training materials and other documentation in conformity with compliance standards to ensure business units meet and maintain compliance requirements.
• Collaborate closely with business, law, risk, and other compliance partners on compliance related matters.
• May oversee and manage resource and consulting expenses in line with budgets and business expectations.
• Participates in senior management committees, providing a proactive risk view into strategic decision making while maintaining independence. Provides input into strategy setting and policy development that have high impact to the organization.
• Regularly interacts with senior management and external regulators. Interactions frequently involve special skills such as preparing and making presentations to executive management regarding key issues and matters of large significance to the organization.
• Demonstrates effective negotiation skills and a proactive approach in communicating compliance results and strength in sustaining independent views.
• Requires ability to work effectively at the highest levels of the organization, and must display highly effective networking, advising, and influencing skills.
• Builds a reputation as a trusted and valued partner to the EC and ELG.

Educational Requirements

• University (Degree) Preferred

Work Experience

• 5+ Years Required; 7+ Years Preferred

Physical Requirements

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