Assistant Manager BSA/AML High-Risk Operations

Responsibilities Include:

Manage, provide support to, develop, coach, and motivate staff to meet performance, service, and FourLeaf strategic goals. Foster a team driven by service and efficiency through leadership and training. Supervise activities to ensure adherence to policy, procedures, and regulatory requirements. Complete and administer annual performance appraisals and build and execute a plan for individual and team education, growth, and performance.

Develop, oversee and manage the execution of Enhanced Due Diligence (EDD), Customer Due Diligence (CDD), and KYC investigative program for both new and existing members, ensuring compliance with applicable regulatory requirements. Provide support for all related functions as well as non-EDD functions such as CTRs, SARs, continuing SARs, AML referrals and alerts, OFAC/sanction alerts, etc.

Work closely with the BSA/AML Compliance Officer to ensure oversight into the organization’s compliance with processes related to EDD, CDD, and KYC for all new and existing members, business entities, and vendors across all products and services. Monitor and report performance and any issues regularly to the BSA/AML Compliance Officer and Senior Management.

Collaboratively develop an initial and ongoing training program that will set expectations and increase understanding BSA/AML investigations, schemes, and requirements for compliant investigations and findings. Ensure the team’s compliance in alert or referral, case, and SAR/SAR refile disposition, investigation, and submission. This includes implementing review and reporting processes that promote the required level of investigation and research, consistent decisions, and complete and detailed documentation.

Escalate high-risk findings and risk assessments, while providing recommendations for risk mitigation or member relationship closure, to Management for review and decisioning. Collaborate with internal teams, including Compliance, Legal, and Enterprise Risk Management, to ensure the timely resolution of flagged cases and maintain ongoing adherence to internal standards and regulatory requirements.

Ensure the company’s KYC, CDD, and EDD policies and procedures are aligned with local and international regulatory requirements, including Financial Action Task Force (FATF) and AML standards. Continuously review and update internal systems, processes, and tools to enhance efficiency and effectiveness in client onboarding, risk management, and due diligence. Stay informed on evolving regulations and provide expert guidance to the organization, offering insights into the best practices and compliance strategies to maintain ongoing adherence to regulatory requirements.

Leverage relationships as liaison with internal and external business partners, the consortium, and other financial institutions to facilitate best practice and information-sharing opportunities, identification of AML trends. Further develop current vendor relationships and foster new vendor relationships.

Lend support to the completion of various risk assessments, including the annual BSA/AML risk assessment, model validation and threshold tuning, and audit or exam requests as needed.