BSA/AML Quality Control Team Lead

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The Position

Job Title

BSA/AML Quality Control Team Lead

Job Description

SUMMARY

The BSA/AML Quality Control (“QC”) Team Lead is a key member of the BSA/Fraud Department, responsible for providing leadership, expertise, and guidance in the QC Team’s daily operations. This role supports the Deputy BSA Officer in daily functions. The QC Team Lead will play a pivotal role in upholding the quality of essential BSA, OFAC and risk processes, ensuring their alignment with departmental standards. A qualified candidate must have a deep understanding of BSA/AML, OFAC, and/or Fraud Risk Management requirements as well as standard practices within the financial crimes compliance industry. Additionally, this role will assist the Deputy BSA Officer with day-to-day operations and other managerial responsibilities including but not necessarily limited to reporting, process enhancement, team management, and maintaining necessary records and files to ensure efficient and consistent deliverables across the BSA/AML, OFAC and Fraud functions.

MAJOR DUTIES AND RESPONSIBILITIES (ESSENTIAL FUNCTIONS)

Provide Subject Matter Expert ("SME”) analysis on BSA/AML, OFAC, Fraud and other financial crimes compliance processes and deliverables across the enterprise. Perform periodic testing of alert dispositions, case documentation, and regulatory reports produced by the BSA/AML and Fraud department. Conduct quality assurance reviews on transaction monitoring and customer due diligence. Analyze completed cases to ensure that analysis is completed and all required and relevant documentation supporting each review is provided. Provide feedback as appropriate and ensure corrective actions required are completed timely. Conduct research utilizing available systems, databases, and the internet, consistent with the resolution of investigations.   Analyze data and develop effective reporting for various levels of management. Assists in updating and maintaining BSA/AML/OFAC policies and procedures to maintain compliance with existing requirements along with new and emerging risk to ensure an efficient and well-organized program. Trend data to identify potential gaps and pinpoint discrepancies or inefficiencies. Identify training needs based on themes identified through quality control reviews. Draft procedure documents and working instructions, including visual aids when necessary, to support the written document. Assumes responsibility for special projects including review of the Bank’s BSA/AML and Fraud programs, gathering data, and preparing reports for the BSA management.   Assist with the annual BSA/AML Risk Assessment. Assists in updating and maintaining BSA/AML/OFAC policies and procedures to maintain compliance with existing requirements along with new and emerging risk to ensure an efficient and well-organized program. Help build out tactical and scalable solutions for the QC team to manage compliance tasks. Serves as mentor and trains junior staff in QC related processes.

ADDITIONAL DUTIES AND RESPONSIBILITIES

• Oversees team meetings when necessary to report on the status QC reviews, CTRs, CIP, and other items deemed important by management.
• Responds to inquiries or refers inquiries to the appropriate person and exhibits the necessary follow-through with customers and/or staff involved.
• Conducts training of personnel in various BSA/AML and OFAC topics.
• Assumes responsibility for various department functions in the absence of staff members or in overload situations.
• Completes all required compliance exams on a yearly basis.
• Adherence to all First United Policies and Procedures.
• Dress professionally.