Senior AML Underwriter - Correspondent Banking

Only candidates with US Work Authorization will be considered.

Primary Responsibilities: include the following but is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirement efforts, skills, or working conditions associated with the job. Management reserves the right to revise the job or to require that other or different tasks be performed when circumstances change (i.e. emergencies, rush jobs, change in workload, or technological developments). All job responsibilities must be carried out according to Federal/State regulations, in adherence to the Bank Secrecy Act and in Compliance with the AML/CFT/OFAC program. 

Responsibilities:  

• Assists Correspondent Banking Coordinator and Department Manager to direct the FCB AML/CFT Compliance Monitoring Program, ensuring that there are sufficient internal controls to promote an effective control environment and prioritizing focus toward areas identified as having the highest levels of risk to the Bank.
• Follows up and ensures pending matters related to AML internal and external audits are resolved in a timely manner.
• Conducts on-site visits and Remote Site Visits of High-risk foreign financial institutions, as required.
• Reviews, assesses, and approves the adequacy of Anti-Money Laundering programs of Correspondent Bank clients as Transactional, Credit Only, and/or IBDDA (Deposit Gathering) relationships. Responsible for in-depth annual risk assessments of Higher Risk transactional relationships requiring analysis of AML Manuals, Internal and External Audits, Self AML Evaluations, and other documentation as required.
• Responsible for assigning a risk rating for the correspondent’s AML Program and Bradesco Bank’s relationship with the subject. Responsible for recommending identifying AML Program’s areas of Needs Improvement clients and recommending or following up on completion of adequate remediations as needed.  
• Responsible for assisting and management of the annual Enhanced Due Diligence documentation review of all High-risk C&I (corporate & Institutional) and Broker Dealer clients as assigned by International Correspondent Coordinator.  
• Assists in the oversight of all functional areas with respect to various correspondent banking products such as Remote Deposit Capture (RDC), trade finance, currency transaction reporting, and suspicious activity investigations,
• Assists in supporting Suspicious Activity Reports (SAR) for reporting to FinCEN and Risk Committee as needed and in coordination with High-risk/Investigations.
• Supports the Correspondent Banking Coordinator in the process of daily monitoring of potential OFAC matches in coordination with the OFAC desk.
• Serves as back up for the Correspondent Banking Coordinator.
• Assists the AML/CFT Department in addressing and investigating Assist exceptions for the FCBs, as required.
• Special projects as delegated by the Correspondent Banking Coordinator or Department Manager as required.
• Helps to maintain or create metrics and logs for KPI (Key Performance Indicators) & KRIs (Key Risk Indicators) within the unit.
• Serves as a backup for the functions performed by direct reports of International Correspondent coordinator.
• Makes sure the unit adheres to SLAs (Service Level Agreements)
• May Perform research and negative news searches, online searches, and subscription-based resources when reviewing a customer’s account activity.
• Recommends process improvements regarding “Best Practices” or efficiency gains.
• Other duties as assigned.

Education and Experience: 

• Bachelor’s Degree required or Master's Degree in relevant field preferred; education may be substituted with extensive banking compliance experience and knowledge.
• 5 years related experience and/or training in international Correspondent Banking Underwriting to include extensive AML/CFT/OFAC Compliance knowledge. Proficient in Microsoft Office suite, specifically Excel, Word, and Outlook.
• Professional designation preferred (CAMS, AML-CI, etc.)

Language Skills: 

• Speak, read, and write English & Spanish (Fluent) and Portuguese (Preferred).

Equal Opportunity/Affirmative Action Employer, M/F/V/D

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