BSA/AML Operations Manager

TPI Global (formerly Tech Providers, Inc.)

Plano, TX

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JOB DETAILS

SKILLS

Bank Management, Bank Secrecy Act, Banking Regulations, Content Management Systems (CMS), Federal Laws and Regulations, Financial Services, Fraud Investigation, Know Your Customer (KYC), Leadership, Maintain Compliance, Money Laundering, Operations Management, Product/Service Launch, Regulatory Compliance, Regulatory Requirements, Risk, Risk Analysis, Savings Bank, State Laws and Regulations, Strategic Planning, Team Lead/Manager, Training/Teaching, USA PATRIOT Act

LOCATION

Plano, TX

POSTED

30+ days ago

Description:

Please share all the submission details to " jai.Dwivedi@toyota.Com "
Remote/Hybrid
Job Description:
The primary responsibility of this role is to establish a strategic vision of Toyota Financial Savings Bank's ( TFSB') Anti-Money Laundering ( AML') and Office of Foreign Asset Control ( OFAC') programs. This role will oversee the implementation of the AML and OFAC programs for TFSB's first and second lines of defense.

Additionally, this role will participate and support the development, enhancement, and implementation of the Compliance Management System (CMS) designed to ensure compliance with applicable local, state, and federal laws, rules, and regulations.

What You'll Be Doing

Strengthen and lead the development of BSA/AML program elements to support the growth of the bank. These program elements include but are not limited to enhancing controls to prevent and detect potential money laundering activity, implementation of client risk rating methodologies, 3rd party oversight, and Know Your Customers ( KYC') programs.
Responsible for coordinating and monitoring day-to-day BSA/AML compliance along with managing all aspects of the BSA/AML compliance program, including managing the bank's compliance with BSA regulatory requirements.
Lead BSA/AML/OFAC risk assessments for new and improved product and service development enterprise-wide, including evaluating inherent risk and exposure as well as applicable control environment or control augmentations needed for feasible execution and launch of products and services.
Responsible for ensuring that third-party service providers are complying with the requirements of BSA/AML and OFAC.
Serve as the BSA/AML/OFAC SME on enterprise-wide programs and projects
Provide day to day leadership to BSA/AML/OFAC team members
Develop and conduct training for the business lines related to new and ongoing fraud and AML suspicious activity typologies.
Escalate identified risks to team leadership up to and including the Chief Compliance Officer and Board of Directors.
Keeps current on regulatory expectations and requirements related to the Bank Secrecy Act and other related regulations.
Collaborate with TFSB and affiliate fraud departments to ensure that Bank Secrecy Act requirements are consistently met

Requirements:

What You Bring

Four-Year College Degree (BA or BS)
Relevant work experience (in a similar field and/or industry)
Experience with BSA/AML financial crimes investigations including money laundering, identify theft, terrorist financing, red flags for various transaction activities, fraud, etc.
Experience providing leadership, development, and strategic direction as a team leader
Experience interacting successfully with state and federal banking regulatory

Added Bonus If You Have

Advanced Degree.
Professional certifications including Association of Certified Anti-Money Laundering Specialists, Associate of Certified Fraud Examiners (ACFE)Association of Certified Financial Crime Specialists,(ACFCS), and/or Certified Regulatory Compliance Manager is a plus.
Experience with regulatory compliance processes and procedures pertaining to the Bank Secrecy Act/USA Patriot Act and the Office of Foreign Asset Control (OFAC) including program development and maintenance

About the Company

TPI Global (formerly Tech Providers, Inc.)

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