Corporate Bank Secrecy Act Manager, Risk and Regulatory (Hybrid - Downtown Seattle, WA)

Salary Range:

(Depending on knowledge, skills, abilities and location. Certain level jobs may be eligible for bonus, commission, and/or equity awards.)

Posting Date:

This job will be open and accepting applications for a minimum of three days from the date it was posted.

Benefits* worth writing home about:

• Medical, dental, and vision coverage for employees and their families
• Life, disability and family Leave
• 401(k) and Roth 401(k) with employer match
• Wellness program, employee assistance program, "Commute Trip Reduction" (CTR) and various employee discounts
• Generous vacation, sick leave, 11 paid holidays, and 16 hours of paid leave every year for community service work
• Free employee checking account and employee home loan discounts

*For eligible employees averaging 20 or more hours per week.

EO/AA Employer including Vets and Disabled.

Qualified applicants with arrest and conviction records will be considered in accordance with legal requirements.

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Job Description Summary:

Job Details:

PRIMARY FUNCTIONS:

• Extensive knowledge and experience in all aspects of Anti-Money Laundering (AML), Bank Secrecy Act, the USA PATRIOT Act, Office of Foreign Assets Control (OFAC), Anti-Terrorist Financing (ATF) laws, human trafficking (HT) and FinCEN related laws and regulations, and customer due diligence, and enhance due diligence reviews.
• Responsible for managing the BSA/AML Investigators to ensure alerts, case investigations, 314(b) requests, EDD reviews, and suspicious activity reports are appropriately processed according to the department quality and timeliness standards.
• Implementation of measures to monitor effectiveness of BSA/AML investigators and their time management.
• Ensures that all SARs are accurate and approved for filing within regulatory guidelines.
• Manages the EDD program in accordance with regulatory guidelines by monitoring and tracking EDD annual reviews and refining the process as necessary.
• Recommend enhancements to processes, procedures, and methodologies regarding Alert, Case, and SAR management in order to improve efficiencies and improve the department's performance
• Analyze large quantities of information, identifying trends while establishing appropriate metrics to determine changing risk elements. Reacts to rising risk exposure by recommending appropriate controls and creating a culture of continuous process improvement.
• Serves as a point of contact for information sharing under section 314(b) of the US PATRIOT Act, and acts as a liaison with local, state, and or federal law enforcement agencies as it relates to BSA/AML investigations, including management of related logs and documentation.
• Assists the BSA Officer and Deputy Officer in audit and exam preparation, specifically as it applies to requests for documentation to support the BSA/AML investigations, 314(b), and EDD processes.
• Work with operations and branch management on decisions regarding account closures when BSA/AML risks are involved.
• Coordinate the timely response and resolution of issues identified by internal audits and external examinations.
• Write and edit the investigation and reporting procedures.
• Manage and prepare reports, including quarterly SAR report for the Enterprise Risk Management Committee (ERMC) of the Board.
• Provide guidance and training to investigators, branches, and departments in investigative or suspicious activity matters.
• Work with and coach employees to establish suitable goals, action plans and timelines.
• Develop the skills of the BSA/AML investigators.
• Compile and designate tasks to the BSA/AML investigators to manager their workload and ensure timely completion of tasks.
• Perform quality assurance control tasks to ensure suspicious transactions are appropriately identified, documented, and reported.
• Participate in interviews and hiring of new BSA/AML investigators and conduct annual performance reviews.
• Work as a leader to prevent the escalation of issues involving the team members.
• Travel may be required to perform on site visit to acquired banks; review documentations and procedures. Compile findings to report to senior management and recommend actions to be taken
• Other duties as requested or assigned.

QUALIFICATIONS:

• Minimum8 years of experience in BSA/AML-focused activities
• Minimum 5 years of experience in managing a team of professional Investigators and/or Analysts.
• CAMS Certification preferred
• Verafin BSA/AML software background preferred
• Demonstrated experience in leading/mentoring team members and providing guidance to internal customers
• Bachelor's degree preferred
• Proven experience effectively prioritizing workload to meet deadlines and work objectives
• Experience working in a fast-paced, team environment
• Understanding of process and change management
• Demonstrated ability to build and manage partnership, including senior management
• Excellent technical writing skills with a proven ability to research and write clear and accessible policies, procedures, standards and reports
• Excellent oral communication skills, with the ability to convey information in a comprehensive manner, and prepare and present information and educational presentations
• Demonstrated ability to facilitate continuous improvements for a business program
• Demonstrated ability to recognize problems and develop/implement solutions to the problems
• Demonstrated high level of personal integrity, ability to professionally handle confidential information and situations while using sound judgment
• Flexibility to accept and facilitate change, whether indicated by corporate needs, market or regulatory requirements.
• Ability to work cooperatively with, and maintain effective communication and working relationships within HomeStreet and external partners.

MENTAL AND PHYSICAL CONSIDERATIONS:

• Willing and able to travel occasionally as needed.
• Operation of a Personal Computer and viewing information on a monitor.
• Must be able to sit for many hours each day.
• Must be able to communicate via telephone and possess dexterity to include filing documents, reaching and bending.
• May be required to stand for extended periods of time.
• Ability to lift or carry up to 20 pounds
• Ability to speak English and express ideas and have difficult conversations in person and over the telephone
• Ability to listen and comprehend speech.
• Ability to problem solve, make decisions, interpret data and information, read, write and organize information in an orderly manner.

WORK ENVIRONMENT:

• Normal business office environment.
• Ability to sit in artificial light for extended periods of time.

This Position Description may not be limited to the Functions and Requirements as outlined, now or in the future. For example, changes in corporate needs, position demands, or individual performance may result in changes to the Functions or Requirements of this position.

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