Job Description
SUMMARY: The primary responsibility of the AML Advisory Officer will be to operationally support the Consumer, Small Business, Corporate Banking and Commercial Lending lines of business ("LOBs") on BSA/AML Compliance matters as a Subject Matter Expert ("SME"). The AML Advisory Officer will report to the Business Advisory Manager. This is a 1st Line of Defense role, and will work closely with -- but not report to -- the BSA Department. The AML Advisory Officer will partner closely with LOBs to carry out certain 1st Line BSA/AML risk management responsibilities in an efficient and effective manner. ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties and special projects may be assigned.
- Liaise with the business and BSA teams to ensure compliance with BankUnited's BSA/AML/OFAC Program.
- Operationally support certain aspects of on-boarding/maintenance of LOB clients.
- Partner with LOB relationship managers on timely and thorough execution of Enhanced Due Diligence (EDD) and Know Your Customer (KYC) responsibilities.
- Engage in ongoing EDD reviews of high-risk clients, and/or provide the LOBs with guidance & support related to BSA inquiries and BSA exception memo development.
- Maintain comprehensive documentation evidencing the oversight functions performed and where deficiencies or areas for improvement are identified, working with stakeholders to drive effective and timely solutions.
- Act as an escalation point for certain BSA/AML compliance matters.
- Help develop and continuously improve team performance metrics.
- Establish and build strong relationships at 1st and 2nd line levels.
- Demonstrate aptitude for working, directly and indirectly, with clients that are both US and non-US (Latin America) based.
- Work with minimal supervision and as a member of a small team.
- Learn quickly with an ability to not just follow instructions, but to think critically and take ownership/responsibility.
- Demonstrate excellent utilization of relationship-building and soft skills to get results.
- Adheres to and complies with applicable, federal and state laws, regulations and guidance, including those related to anti-money laundering (i.e. Bank Secrecy Act, US PATRIOT Act, etc.).
- Adheres to Bank policies and procedures and completes required training.
- Identifies and reports suspicious activity.
EDUCATION
Bachelor's Degree preferred
Experience - 3-5 years of AML-related operational experience in retail and commercial banking (preferably in the Florida and/or Greater New York City markets) is required
- A thorough understanding of financial crimes risk management principles and the Three Lines of Defense model is required
- Must have prior experience successfully supporting business units with the execution of aforementioned responsibilities
- Must demonstrate excellent computer literacy with proficiency in Microsoft products, and the willingness to gain proficiency using other software as needed ACAMS (Association of Certified Anti-Money Laundering Specialists) or similar credential(s) in the area of financial crimes compliance preferred required
This is a Hybrid Position.
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