Vice President, AML/CFT Operations

About the Position:

As the Vice President, Anti-Money Laundering (AML)/Countering the Financing of Terrorism Operations (CFT) you will be responsible for overseeing the day-to-day implementation and administration of all aspects of the AML/CFT Compliance Program. You will monitor compliance with all federal/FinCEN/US Treasury regulations, the USA PATRIOT Act, AML Act, and Office of Foreign Assets Control (OFAC) laws and regulations.

You will ensure the program functions at a high level of compliance with AML/CFT-related laws and regulations, internal policies, and federal regulatory expectations. You will perform various oversight and monitoring for the Customer Identification Program (CIP) and Customer Due Diligence (CDD) compliance, using industry standards and regulatory guidance methods to ensure the Company’s compliance efforts are maintained. You will also provide oversight of the Bank’s fintech partnerships, including monitoring, reporting, and quality control.  As the Vice President, AML/CFT Operations you will perform and oversee detailed monitoring of account activity and client behavior analyses, while ensuring compliance with regulatory and operational policies.  You will also be responsible for providing leadership and oversight, including coaching and mentoring, to the AML/CFT Operations team and serve as a subject matter expert for the Bank. 

What You Will Do:

• Thoroughly manage alerts and cases according to procedures to ensure there is accurate and detailed documentation for adherence to Suspicious Activity Reporting (SAR) procedures. Ensure investigations and resolutions comply with applicable laws, Bank policy, and industry leading practices.   
• Review and refine alert thresholds and model configuration in the transactional monitoring system to ensure alerts are appropriately set and suspicious activity is detected as expected; maintain and update documentation and justification of alert thresholds in accordance with procedures.
• Maintain processes to ensure the operating effectiveness of the Bank’s control framework, including Know Your Customer (KYC), CIP, CDD and Enhanced Due Diligence (EDD) processes.
• Provide oversight of the Bank’s fintech partners, including all fintech CIP and CDD programs, as well as transaction monitoring systems.
• Identify improvement opportunities and provide recommendations to modify detection techniques without negatively affecting the client experience or increasing fraud exposure.
• Provide oversight for the monitoring and tracking of high-risk customers and accounts; develop and refine the customer risk rating system.
• Contact and effectively communicate with customers, as needed, to gain an understanding of account activity or KYC documentation.
• Utilize advanced technologies and machine learning to enhance transaction monitoring.
• Collaborate with IT and other departments to integrate compliance tools and ensure data accuracy.
• Ensure timely and accurate filing of all Suspicious Activity Reports and Currency Transaction Reports.
• Provide periodic reporting of key AML/CFT and OFAC-related items.
• Oversee and ensure compliance with all 314(a) and OFAC files, requests, and reporting.
• Review and update the AML/CFT and OFAC risk assessments.
• Stay abreast of industry trends related to AML and OFAC and any related agency guidance.
• Build and maintain positive and professional relationships with business units and support departments.
• Perform other duties as assigned.

What We’re Looking For:

• A minimum of seven years of AML/CFT compliance oversight experience at a financial institution, regulatory agency or law enforcement agency.
• Excellent critical thinking and problem-solving skills.
• Demonstrated experience with technology and automation in AML/CFT processes.
• Ability to work in a fast-paced environment with professionalism, courtesy and tact.
• Excellent interpersonal, verbal and written communication skills.
• Certified Anti-Money Laundering Specialist (CAMS) certification required.
• Certified Fraud Examiner Certification (CFE) preferred.

Working Conditions/Demands:

• Professional office setting.
• Primarily sedentary position requiring long periods of time working at a computer.
• Must be able to move throughout the office and buildings to obtain or relay information.
• Must be able to perform the essential functions of the position with or without reasonable accommodation.

Who Are We?

We’re not just another bank and we’re not looking for just another employee. Since 1999, First Internet Bank has been dedicated to finding a better way to bank and doing things that have never been done before. Yes, we really were the first state-charted, FDIC insured bank to operate entirely online and we have been leading the way ever since.

We seek the game changers, the innovators…those who challenge the status quo because change really is the only constant. Ready to join a team of imaginative, driven individuals like you? It’s your career, you deserve to imagine more. Keep reading, we think you will like you what see.

Why Join Us? 

Our success has been driven, in part, by four core competencies – customer focus, teamwork, adaptability and initiative. Collectively they define our actions and are at the heart of all we do.  As a result, we’ve been fortunate to have been named numerous times as an Indianapolis Star Top Workplace and one of the Best Banks to Work For! Headquartered in downtown Fishers, our newly-built, state-of-the-art 175,000 square foot facility headquarters was designed with our team in mind and features an 18,000 square foot open air deck named “The Backyard”, with fire pits, covered pergola, waterfall and foliage to create a momentary escape from the work day.  Beyond that, the onsite fitness center with the latest equipment and ergonomically-designed workstations help promote health and wellness.  Have we mentioned free snacks, soft drinks and beer available on tap?  Want more?  How about unlimited volunteer time off and social events to bring us all together to have some more. Why just imagine more, take the “first” step and apply today.

Our benefits package includes the following and so much more:

• Medical Dental, Vision Insurance
• 401(k) Retirement Plan with Generous Match
• Professional Development Reimbursement
• 3 Weeks Paid Vacation Plus Paid Holidays
• Paid Volunteer Time
• Business Apparel Allowance

Equal Opportunity Employer - Women, Minorities, Veterans and Individuals with Disabilities

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The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c). Click here to read more.