Description

JOB SUMMARY:

CFSB is a full-service payments, lending and banking provider that delivers global financial services through a personal approach.  CFSB is seeking a Financial Crimes Systems Screening Lead who will play a pivotal role in leading financial crimes compliance screening systems initiatives. This techno-functional role requires a deep understanding of compliance systems architecture, data workflows, and end-to-end process integration. The individual will collaborate with multiple stakeholders including compliance end users, management, external vendors, consultants, and internal IT teams to drive enhancements, optimize processes, and ensure compliance with financial regulations.

Responsibilities:

• Lead Compliance Screening Systems Initiatives: Manage and spearhead projects related to the enhancement and optimization of compliance screening systems like Watchdog and Hotscan. Lead system implementations, upgrades, integration, tuning/optimization efforts ensuring alignment with regulatory standards.
• Systems Expertise: Serve as the subject matter expert (SME) for screening systems, with a deep technical understanding of how they work, including data flows, configurations, performance optimization, and troubleshooting.
• Stakeholder Coordination: Act as the central point of contact and coordinate efforts between compliance end users, senior management, external vendors, consultants, and internal IT teams to ensure timely project delivery and system performance.
• Data Analysis and Workflow Optimization: Understand data workflows from ingestion to reporting and develop strategies to optimize system configurations, minimize false positives, and enhance detection capabilities.
• Compliance Alignment: Ensure systems meet all relevant compliance standards across AML, Sanctions screening, 314(a) screening and coordinate with the compliance team to address regulatory requirements and audit concerns.
• Vendor and Consultant Management: Work closely with third-party vendors and consultants to assess and implement new tools, upgrades, or system enhancements. Ensure vendor compliance with agreed-upon deliverables and SLA.
• Performance Monitoring and Reporting: Establish monitoring protocols for system performance and generate reports on screening system effectiveness, user activity, and any incidents or errors encountered.
• Continuous Improvement: Proactively identify opportunities to improve compliance screening systems through automation, enhanced configurations, and new technologies.

Qualifications

Knowledge, Skills, and Abilities:

• Compliance Knowledge: Solid understanding of AML, KYC, sanctions screening, 314(a) screening and other financial crime compliance regulations and industry best practices.
• Data Proficiency: Familiarity with scripting or querying languages (SQL, Python, R) to aid in data analysis and screening operations. Experience working with large datasets and an understanding of data flows within compliance systems.
• Stakeholder Communication: Excellent communication and problem-solving skills, with the ability to manage relationships and work with competing priorities across a wide range of stakeholders including technical teams, compliance officers, vendors, and senior management.
• Comfortable adapting to and thriving in a dynamic, fast-paced environment.
• Strong analytical skills to diagnose issues, propose solutions, and implement changes effectively.

Education, Training, and Experience:

• Bachelor's Degree in a Technical Field (e.g., Computer Science, Engineering, Information Technology, or a related field). Master’s degree highly desired.10 years of experience in financial crimes compliance, KYC, AML, or related regulatory fields.
• Technical Expertise: Strong knowledge of financial crime screening systems such as Watchdog, Hotscan, to assist with data mapping, system configuration/tuning, and performance optimization.
• Proven experience managing complex system projects with multiple stakeholders.
• Experience working with Velocity (provided by Alacer) for 314(a) screening

Salary Range: $150,000-$165,000/yearly

"Base salary range does not include performance-based bonus and/or other benefits, where applicable. Actual base salary offer will vary based on skills and experience."

About Community Federal Savings Bank (CFSB)

Community Federal Savings Bank (CFSB) is a federally chartered bank founded in 2001 and headquartered in New York City. CFSB has focused on providing superior service and added value to clients though a solid understanding of relationship banking. We offer a full range of services, including loans, bill payments, card services, internet banking, and merchant processing.

We are an equal opportunity employer and do not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, disability, military and/or veteran status, or any other Federal or State legally-protected classes.

Salary : $150,000 - $165,000