Job Description

Based in New York, the FIU Team Leader works under the Head of the Financial Intelligence Unit (FIU) Investigations. Primary responsibility will be to maintain effective oversight of the FIU Investigators performance, workload, productivity, and successful performance of their AML / Fraud investigations of customer transactions and SAR filings in order to ensure that the Bank is in compliance with BSA / AML regulatory requirements.

This individual must have a strong understanding of banking transactions as well as the implications on complying with all laws and regulations relating to money laundering including the Bank Secrecy Act, USA PATRIOT Act, KYC, OFAC, SARs and CTRs.

The FIU Team Leader is responsible for conducting managerial reviews of investigator output related to AML alerts and cases for potentially suspicious activity and their adherence to procedural requirements and guidance of conducting due diligence through various sources, both internal and external, documenting investigations and its results and providing initial recommendations and dispositions with supporting reasons.

The FIU Team Leader manages the capacity to execute alerts and cases and prepares the investigators to successfully present recommendations to the SAR Committee and then filing SARs, while ensuring that the entire process is handled in a timely manner.

The FIU Team Leader is also expected to maintain appropriate logs / recordkeeping and multi-task ad hoc / special projects in which the FIU owns and when requested by the Head of FIU and senior Compliance management.

Qualifications

The individual must have a solid knowledge and experience related to Compliance governance and change management, banking transactions, AML investigative processes and AML reporting requirements within the financial services industry.

An Associates or Bachelor’s degree or equivalent work experience is required. The individual must be able to communicate effectively up to management and down through the FIU team both orally and in writing.

The individual must possess strong analytical skills; excellent follow through and attention to detail, consistent sound judgment, strong organizational skills and excellent time management.

Individuals must be able to work independently and with minimal supervision while performing multiple tasks and meeting challenging deadlines.

Excellent working knowledge of MS Word and Excel.

• Bachelor’s degree in finance, economics, criminology, or other related fields,
• 5 years’ experience in AML and / or Fraud investigations,
• 5-10 years of managing experience preferable, knowledge of Actimize systems.
• Experience in investigations related to Broker Dealer, Private Banking, Wealth Management, Commercial Banking with an International client base is preferred.
• Fluency and / or understanding and knowledge of Spanish, Portuguese and / or Hebrew is helpful.
• CAMS and CFE designation is desirable as well as knowledge of MS Excel and PowerPoint.

Compensation :

The expected annual salary for this position is between $120,000 - $140,000 at the start of employment. A salary offer is determined on an individualized basis, taking into consideration factors such as an individual’s skills and experience.

In addition to base salary, our total rewards package also includes eligibility for an annual bonus, medical, pharmacy, dental, and vision plans, life and disability insurance, employee wellness program, retirement and savings plans with employer contributions, generous holiday and paid time off schedules, parental leave, and tuition reimbursement.

Additional Information

Disclaimer

The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification.

They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified.

All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed.

All your information will be kept confidential according to EEO guidelines.

The Bank will make reasonable accommodations to the following employees to allow them to perform the essential functions of their position, except where doing so would result in undue hardship to the Bank :

• Those with a known mental or physical disability.
• Pregnant individuals and / or individuals with pregnancy or childbirth-related medical conditions.
• Victims of domestic violence, sex offenses or stalking.
• Employees with religious observance and practice obligations.

Any employee who believes he or she needs an accommodation for any of the above reasons should contact their supervisor or a member of Human Resources to request such an accommodation.

• In each case, the Bank will engage in a good faith written or oral dialogue concerning the individual’s accommodation needs;
• potential accommodations that may address the individual’s accommodation needs, including alternatives to a requested accommodation;

and the difficulties that such potential accommodations may pose for the employer.

The Bank retains the ultimate discretion to choose the appropriate reasonable accommodation. Upon reaching a final determination at the conclusion of the cooperative dialogue, the Bank will provide the requesting individual with a written final determination identifying any accommodation granted or denied.

In addition, the Bank will maintain any information regarding the employee’s request and status in the strictest confidence, except as requested by the employee, as required on a need-to-know basis or as otherwise required by law.

We are operating on a Hybrid schedule.

NO AGENCIES PLEASE.

NOTHING IN THIS SITE CONSTITUTES A PROMISE OR OFFER OF EMPLOYMENT.

IDB BANK, INCLUDING ITS SUBSIDIARIES AND DIVISIONS, PROVIDES EQUAL EMPLOYMENT OPPORTUNITIES TO ALL EMPLOYEES AND APPLICANTS FOR EMPLOYMENT WITHOUT REGARD TO RACE, COLOR, RELIGION, SEX, SEXUAL ORIENTATION, NATIONAL ORIGIN, AGE, DISABILITY, GENETIC STATUS, CITIZENSHIP STATUS, MARITAL STATUS, MILITARY OR VETERAN STATUS, CURRENT UNEMPLOYMENT OR ANY OTHER LEGALLY PROTECTED CATEGORY IN ACCORDANCE WITH APPLICABLE FEDERAL, STATE AND LOCAL LAW.

NOTHING IN THIS SITE CONSTITUTES A PROMISE OR OFFER OF EMPLOYMENT.

Last updated : 2024-07-24