The AML/CFT Compliance Manager oversees operations within the second line of defense. The AML/CFT Compliance Manager is responsible for the day-to-day workflow management of the AML/CFT Compliance Department, including but not limited to the functioning of the bank’s Anti-Money Laundering (AML) program, Countering the Financing of Terrorism (CFT) program, reporting under the Bank Secrecy Act (BSA), and the bank’s sanctions compliance program. The second line of defense provides a credible review and challenge for the Bank’s first line Financial Crimes Program, while providing guidance to bank departments on inquiries relating to AML/CFT and sanctions compliance. This is a full-time, 100% on-site position at our Woburn, MA office.
ESSENTIAL FUNCTIONS:
- Review reports from the Financial Crimes Department regarding suspicious activity. Provide recommendation to the Head of AML/CFT Compliance whether specific circumstances require a filing of a Suspicious Activity Report (SAR).
- Primary oversight of the bank’s quality control (QC) program relating to transaction monitoring alerts and cases; providing feedback to Financial Crimes management monthly.
- Monitor the timely and accurate filing of the Bank’s SARs and Currency Transaction Reports (CTRs)
- Partner with the business managers on AML/CFT concerns and opportunities to improve processes or review controls.
- Review and update AML/CFT department procedures as needed.
- Collaborate with Head of AML/CFT Compliance for external audits, regulatory examinations, and risk assessments as required.
- Keep abreast of developments in emerging AML/CFT risks, AML regulations, and regulatory agency guidelines; support the development of necessary enhancements to Northern Bank's programs.
- In depth knowledge of the Anti-Money Laundering, Countering Financing of Terrorism and sanctions compliance; strong analytical and decision-making skills; organizational skills; AML transaction monitoring software
- Minimum 5-8 years of experience in AML/CFT compliance; Minimum 1-3 years of supervisory or management experience.
- Bachelor’s Degree: CAMS and/or CFE certification (or willingness to obtain certification(s)) is highly desired
- Self-starter with initiative and intellectual curiosity
- Excellent communication skills
- Detail-oriented
Top Skills
What We Do
Since 1960, Northern Bank has been the banking partner of choice for businesses and consumers throughout New England. We take an entrepreneurial, commonsense approach to providing a complete line of banking solutions. We are deeply invested in the communities we serve and passionately committed to helping you, our customers, grow. Thanks to the unwavering dedication of our team and the loyalty of our customers, we have been named the #1 performing Community Bank in New England for seven straight years and #1 in the United States in 2015. Northern Bank provides businesses and individuals with deposit and cash management services, commercial and franchise financing, residential mortgages, and wealth management services. We currently operate 12 branches in the Greater Boston market. For more information, contact us at 800-273-6908 or visit www.nbtc.com. Member FDIC | Equal Housing Lender. http://facebook.com/northernbankma http://twitter.com/northernbankma Social Media Guidelines: https://www.nbtc.com/customer-service/FAQs/what-are-our-social-media-guidelines-610
