BSA/AML Operations Manager

Overview

Old National Bank has been serving clients and communities since 1834. With approximately $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

We are currently seeking a BSA/AML Operations Manager that assists management 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 requires technical compliance expertise in BSA and OFAC regulations. The BSA/AML Operations Manager must keep abreast of current and emerging money laundering, financial crime trends and OFAC regulations. 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 Operations Manager.

 

Key Accountabilities

Assist to develop, implement, and maintain the BSA/AML/OFAC Compliance Program

• Maintain current 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.
• Assist and recommend changes to BSA/AML or OFAC policies and procedures; provide technical compliance support when issues or questions arise; assist as advisor in new product and/or service development.
• Coordinate with the BSA Operation Manager on scenario /threshold system upgrade validation
• 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 Operations Manager and Special Projects Manager. 

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

• Supervise the daily activities of the Operations team and set goals for the team to ensure task completion.
• Assist with BSA/AML and OFAC related compliance issues, procedures, as well as daily regulatory reporting.
• Oversight of CTR, OFAC and transaction monitoring alert adjudication processes to include quality control.
• Oversee the CTR exemption process.
• Manage the process of daily monitoring of potential OFAC matches from the bank's systems and makes final determinations of true OFAC 'hits' along with any applicable actions. Assists and support lines of business in OFAC matters.
• Does not typically perform the work supervised. 

People Leading Accountabilities

• Perform coaching, 1:1 for assigned team
• Assist with IDP review for assigned team
• Assist and lead staff meetings
• Coordinate and oversee team training 

Qualifications and Education Requirements

• Bachelor’s degree in business, Finance, Accounting, Law, or related field (preferred)
• 8+ years relevant experience in banking combined with BSA, AML, Fraud and Investigation or relevant business experience.
• CAMS, CAFP, or CRCM
• Supervisory experience
• Extensive knowledge of banking principals, philosophies, and operational concepts
• Advanced knowledge of BSA internal