FIU Governance Program Manager (Hybrid/Richmond, VA)

The FIU Governance Program Manager is responsible for the development of effective policies and procedures related to the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Office of Foreign Assets Control (OFAC) (Sanctions), regulations as each relate to compliance oversight within the Financial Investigations Unit (FIU), all lines of business, and applicable non-bank affiliates of Atlantic Union Bank. This includes at least an annual review of each once developed and/or reviewing if/when regulatory requirements or internal processes change that may require revisions. The FIU Governance Program Manager will catalog each to ensure timely review as required, and that all regulatory requirements and expectations as noted within the FFIEC BSA/AML Examination manual.

Position Accountabilities

Regulatory Compliance

• Maintain an understanding of relevant laws, regulations, guidelines, and advisories issued by OFAC, FinCEN (Financial Crimes Enforcement Network), and other regulatory bodies pertaining to economic sanctions, AML, and CTF.
• Ensure all relevant policies, procedures, and practices align with regulatory requirements and industry best practices. Conduct periodic reviews of lines of business and legal entities’ policies and procedures.
• Implement necessary changes to policies and procedures in response to regulatory updates or changes in the organization's risk profile.

Policy and Procedure Management

• Establish and maintain policies, procedures, and controls to ensure compliance with relevant laws and regulations.
• Maintains the enterprise policy and procedure program for BSA, AML, and Sanctions compliance within the FIU and across other business units, with ultimate oversight by the Director of FIU.
• Develops and maintains the FIU’s internal procedures. Maintains and updates the FIU’s resources and documents in AUB’s e-Library and on the FIU’s Intranet site.
• Conducts independent reviews of lines of business and applicable non-bank affiliates, BSA, AML, and Sanctions Red Flags procedures, and FIU training materials to ensure compliance with laws and regulations.
• Publishes gap analysis memos to document reviews of procedures, and tracks successful remediation of issues identified if applicable.

Risk Assessment and Issue Management

• Maintain awareness of emerging risks, assess how they may impact the Bank, and develop and implement risk mitigation strategies to address identified risks effectively.
• Conduct the annual Enterprise AML-Sanctions risk assessment and the FIU business line risk assessments to identify and evaluate potential vulnerabilities related to AML-Sanctions compliance.
• Monitor the effectiveness of risk mitigation measures and make adjustments, as necessary.
• Ensures plans and programs adhere to appropriate policies and regulations, and assists lines of business and/or applicable non-bank affiliates with reporting on the status of significant issues.
• Research BSA, AML, and Sanctions issues/questions upon occurrence, and provides appropriate clarification or interpretation to appropriate management and/or requestor, on applicable rules, regulations, and guidance supporting responses with regulatory citations.

Stakeholder Communication and Collaboration

• Collaborate with other departments, including Legal, Risk Management, Systems/Data Governance, Internal Audit, and Business Units, as needed.
• Works with functional management to ensure alignment with strategy/policies and business line objectives
• Works with functional management to ensure risks are properly identified in new products/services and conversions by attending project meetings
• Serve as the subject matter expert for AML and Sanctions. Collaborates and guides the lines of business and applicable non-bank affiliates on: AML and Sanctions policies and procedures, identifying control gaps and/or remediation needed; products and service advice relative to FIU impact, audits and exams; managing issues; escalating through proper channels, as needed; and recommending corrective actions for non-compliance.
• Facilitate responses to attestations/questionnaires (e.g., Wolfsberg)
• Facilitate vendor/contract management due diligence and reviews
• Coordinates company-wide communications for FIU management, including maintaining and updating the intranet.
• Coordinates FIU internal communications, training opportunities, and immediate changes, updates or tasks within the FIU.
• Maintains FIU distribution lists

Internal and External Audits

• Coordinate and support internal and external audits of the Bank's AML and sanctions compliance programs.
• Respond to audit findings and implement corrective actions as necessary.
• Ensure that audit recommendations are addressed in a timely and effective manner.

FIU Training

• Approves BSA, AML, Sanctions training assignments for new job roles for the enterprise and applicable non-bank affiliates
• Develop and deliver training programs to ensure that employees are aware of and understand their AML and sanctions compliance responsibilities.
• Ensure that training materials are up-to-date and reflect current regulatory requirements and best practices.

Ethical Conduct and Integrity

• Uphold the highest standards of professional ethics, integrity, and confidentiality in all activities related to sanctions compliance and financial crime prevention.
• Serve as a role model for compliance and ethical behavior within the organization, fostering a culture of integrity and accountability.

Organizational Relationship

This position reports to the Director of FIU

Supervision of Others – No

Position Qualifications

Education & Experience

• Bachelor’s degree in Criminal Justice, Business or a related field, or a combination of education and experience equivalent to such a degree, is preferred
• Must have at least 7 years’ experience in BSA/AML/OFAC (Sanctions) compliance.
• Experience working with varying levels of management / teammates.
• Technical writing background and/or procedure writing experience
• Preferred certification of Certified Anti-Money Laundering and Fraud Professional (CAFP), or other industry recognized Certification(s) such as Certified Anti-Money Laundering Specialists (CAMS) or Certified Fraud Examiner (CFE).

Knowledge & Skills

• Proven background in writing and publishing policies and procedures.
• Demonstrated ability to read, interpret, and communicate regulations and laws to varying level of authority.
• Demonstrated ability to build effective work relationships with primary stakeholders and colleagues while achieving stated objectives.
• Experience in project management and negotiating skills with the ability to resolve issues while gaining consensus.
• Ability to research, analyze and recommend improved processes.
• Advanced written, oral, and interpersonal skills with ability to prepare and present presentations and guide internal customers.
• Advanced PC skills including word processing, spreadsheet, process management applications, and database applications.
• Attention to detail
• Work independently and in a team environment
• Extensive knowledge of the FFIEC manual
• Ability to operate in a fast-paced environment and maintain given deadline/turnaround times for projects, enterprise question responses, etc.

Salary offered will be based on several factors including but not limited to education, work experience, certifications, etc.  This position is also eligible to participate in either an applicable incentive compensation plan for the position or a discretionary profit sharing bonus program.  General information on our comprehensive benefits package can be found by visiting https://www.atlanticunionbank.com/about/careers/benefits. 

We are proud to be an EEO/AA employer, Minority/Female/Disability/Veteran. We maintain a drug-free workplace.