Senior Underwriter | AML 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: 

• Reviews and approves new or existing Correspondent Banking relationships via thorough underwriting process to include adherence to AML/CFT guidelines and recommends actions
• Identify and assess risk, vulnerabilities, and opportunities for efficient and effective risk coverage. This includes assistance in the development existing analytics tools and execution of periodic reviews in a timely manner
• Assists in follow up and ensures pending matters related to AML/CFT internal and external audits are resolved in a timely manner.
•  Assists with on-site visits to High-Risk customers and/or Remote Site Visits, as required.
• Responsible for identifying the correspondent’s areas needing improvement and following-up on adequate remediation plans.
• Responsible for reviewing and approving Correspondent Banking analysts’ risk assessment evaluations to either Onboard new correspondents as Credit Only and/or IBDDA (Deposit Gathering) Only relationships. 
• Responsible for completing or assisting in the annual Enhanced Due Diligence documentation review of all High-risk C&I, and Broker Dealer clients. 
• 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,
• Supports the BSA/AML/CFT/OFAC Manager in the process of daily monitoring of potential OFAC matches.
• Assists in maintaining, developing, and amending AML/CFT policies and procedures, as required related to correspondent banking.
• Serves as back up for the functions performed by the unit.
• Assists the AML Department in addressing and investigating Assist exceptions, as required.
• Special projects as delegated by the Department Manager or as required.
• Assists or creates metrics and logs for KPI (Key Performance Indicators) & KRIs (Key Risk Indicators) within the unit.
• 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.
• Recommend 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).
• Portuguese (Preferred).

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

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