GENERAL DESCRIPTION OF POSITION
The Bank Secrecy Act (BSA) Quality Assurance (QA) Team Lead is responsible for ensuring the execution of the day-to-day of the BSA Quality Assurance Group. This BSA QA Team Lead serves in a delegating and mentorship role related to regulatory expectations and bank policies/procedures. The Team Lead position supports department-wide initiatives in developing meaningful solutions to improve or enhance processes used within the Enterprise Anti-Money Laundering (AML) Group.
ESSENTIAL DUTIES AND RESPONSIBILITIES
1. Maintains continuous awareness of policy updates resulting from changing regulatory requirements and updates related to QA testing and gap analysis procedures used by the QA staff. This duty is performed daily, about 15% of the time.
2. Distributes work items to the Quality Assurance team and performs quality control to ensure adherence to operating procedures. This duty is performed monthly, about 15% of the time.
3. Manages staff and time resources to ensure timely completion of assigned projects. This duty is performed daily, about 10% of the time.
4. Communicates quality assurance test outcomes in period-based reports to management, including periodic updates to the status of changes and progress in remediation efforts. This duty is performed monthly, about 10% of the time.
5. Serves as a primary point of contact within BSA for quality assurance reporting through the banks Enterprise Risk Management framework, including maintenance of control descriptions and test outcomes in the appropriate/associated risk software/tools. This duty is performed daily, about 10% of the time.
6. Maintains testing/assessment plans to evaluate program adherence to BSA and OFAC regulations, policies, standards, and guidelines, including comparative assessments between regulation, policy, and procedure to identify areas that can be strengthened. This duty is performed monthly, about 15% of the time.
7. Provides recommendations for enhanced training opportunities based on assurance testing outcomes and/or analysis of quality control tasks performed throughout the Enterprise AML Group. This duty is performed monthly, about 15% of the time.
8. Supports the collection and organization of documentation associated with audit or examination requests. This duty is performed as needed, about 5% of the time.
9. Supports Management in the handling of complex lookback projects and post-mortem. This duty is performed as needed, about 5% of the time.
10. Work collaboratively with Enterprise AML Department managers and other internal stakeholders to influence change with a risk based and innovative mindset. This duty is performed daily.
11. The ability to work in a constant state of alertness and in a safe manner. This duty is performed quarterly.
12. Completes required Annual BSA AML training and other compliance training as assigned.
13. Perform any other related duties as required or assigned.
QUALIFICATIONS
To perform this job successfully, an individual must be able to perform each essential duty mentioned satisfactorily.The requirements listed below are representative of the knowledge, skill, and/or ability required.
EDUCATION AND EXPERIENCE
Broad knowledge of such fields as accounting, marketing, business administration, finance, etc. Equivalent to a four year college degree, plus 5 years related experience and/or training, and 12 to 18 months related management experience, or equivalent combination of education and experience.
COMMUNICATION SKILLS
Ability to read, analyze, and understand general business/company related articles and professional journals; ability to speak effectively before groups of customers or employees. ability to write reports, business correspondence, and policy/procedure manuals; ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public. Ability to read, analyze, and understand common scientific and technical journals, financial reports, and legal documents; ability to respond to complex or difficult inquiries or complaints from customers, regulatory agencies, or members of the business community.
MATHEMATICAL SKILLS
Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume. Ability to apply concepts such as fractions, ratios, and proportions to practical situations.
CRITICAL THINKING SKILLS
Ability to define problems, collect data, establish facts, and draw valid conclusions. Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.
REQUIRED CERTIFICATES, LICENSES, REGISTRATIONS
Not indicated.
PREFERRED CERTIFICATES, LICENSES, REGISTRATIONS
Certified Anti-Money Laundering Specialist (CAMS) Certification, Certified Global Sanctions Specialist (CGSS), or Certified AML and Fraud Professional (CAFP) or willingness to obtain, preferred.
SOFTWARE SKILLS REQUIRED
Advanced: Word Processing/Typing
Intermediate: Presentation/PowerPoint, Spreadsheet
Basic: 10-Key, Accounting, Alphanumeric Data Entry, Contact Management, Database
RESPONSIBILITY FOR WORK OF OTHERS
Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws.Responsibilities may include but not limited to interviewing, hiring and training employees; planning, assigning and directing work; appraising performance, rewarding and disciplining employees; addressing complaints and resolving problems.
Supervises a small group (3-7) of employees, usually of lower classifications. Assigns and checks work; assists and instructs as required and performs same work as those supervised, or closely related work, a portion of the time. Content of the work supervised is of non-technical nature, but presents numerous situations to which policies and precedents must be interpreted and applied.
WORKING CONDITIONS
Normal working conditions as found within an office setting, wherein there is controlled temperature and a low noise level, plus a minimum of distractions.
ENVIRONMENTAL CONDITIONS
The following work environment characteristics described here are representative of those an employee encounters while performing essential functions of this job.Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
The noise level in the work environment is usually moderate.
PHYSICAL ACTIVITIES
The following physical activities described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions and expectations.
Semi-repetitive, low physical. Semi-repetitive type work which requires periods of concentration for varied time cycles as prescribed by the tasks.
While performing the functions of this job, the employee is continuously required to sit, use hands to finger, handle, or feel, talk or hear; occasionally required to stand, walk, reach with hands and arms, stoop, kneel, crouch, or crawl. The employee must occasionally lift and/or move up to 25 pounds; frequently lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision; and color vision.
ADDITIONAL INFORMATION
-Five (5) years of related experience and/or training working within financial crimes and/or AML governance-related functions. A combination of this experience, as well as AML investigations, EDD reviews, OFAC, and other similar experience, is preferred.
-Twelve (12) to eighteen (18) months of related management or supervisory experience.
-Two (2) years of qualifying experience must have been continuous, recent, and within a financial institution.
-Must have a risk-based and innovative mindset while also the ability to work collaboratively with other Enterprise AML Department managers and other internal stakeholders to influence change.
-Bachelor's degree focus desirable for position: Criminal Justice, Banking Compliance/AML Specialized, Political Science, Mathematics, or Economics.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)