The Role
COMPANY DESCRIPTION: Forbright is a nationwide full-service bank and commercial lender focused on helping to build a brighter future for our clients and the communities we serve. Forbright is committed to exceptional client service by providing seamless, innovative personal banking services to depositors and creative financing solutions to visionary middle market businesses and investors in healthcare, technology, financial services, real estate, and other industries.
COMPANY CULTURE: We are a dynamic, high energy, fun, and fast-paced organization that has an exciting growth trajectory, meaningful mission, and embedded responsible practices into our daily interactions. We offer our team members a culture of collaboration, inclusion, flexibility, recognition, and giving back. We look to hire individuals that are passionate about our mission, and who are motivated, customer and results-oriented, innovative, adaptable, and thoughtful.
COMPANY MISSION: We are a mission-driven institution. We operate a sound dynamic institution that is well capitalized, liquid, profitable and uses best practices to manage risk and assure compliance with laws and regulations. We use Forbright’s capital, capabilities, innovation, and expertise to help our clients succeed and contribute broadly to building a brighter future.
JOB SUMMARY: The BSA/AML Systems and Data Manager works within the BSA/AML Compliance Department and is responsible for facilitating the ongoing design, implementation, and ongoing management of the applications and data used to support the overall BSA/AML Compliance Program. This includes but is not limited to, BSA/AML transaction monitoring, customer risk rating, OFAC, and fraud systems/models. The role collaborates with Bank leadership, and system and data teams to best leverage data and reporting to manage critical technology controls for the BSA/AML Compliance Program.
DUTIES AND RESPONSIBILITIES:
- Direct and execute development and implementation of BSA/AML/OFAC/Fraud systems and line of business systems and data integrations
- Develop and maintain source-to-target data movement and reconciliation controls to ensure source data feeds are operating as intended and consistently contain critical data elements required for the systems
- Act as an administrator for BSA/AML/OFAC/Fraud systems, including managing permissions and system configurations
- Monitor feeds and data quality reports to ensure optimal system performance and confirm appropriate data mapping
- Execute implementation of change management requests as needed such as enabling new solutions as they become available or as a result of model tuning
- Lead remediation efforts through completion for systems and data-related self-identified issues and issues identified through exams, audits, and model/data validations
- Build relationships with various cross-functional teams across the Bank to support adherence to governance expectations for BSA/AML/Fraud systems to include model risk, data governance, and model performance monitoring
- Manage third party relationships for key service providers used in accordance with Third Party Risk Management policies
- Use subject matter expertise to proactively identify and address gaps and emerging risks
- Develop and maintain procedures and job aids documenting relevant processes
- Contribute to operational, tactical, and strategic planning in support of the overall business
- Consult with stakeholders to solve complex business issues through in-depth evaluation of processes, systems and industry standards, and recommend solutions
- Effectively leverage enterprise-wide systems and data to implement efficient risk monitoring and reporting
- Act as primary point-of-contact for systems and data related requests for audits, exams, and data validations, including facilitating walkthroughs and requisition of document/data requests, actively engaging in status meetings, and providing updates to BSA leadership
- Perform other duties as assigned
QUALIFICATIONS:
- Bachelor’s Degree in Information Technology, Management Information Systems, or equivalent experience required
- 8-10 years of experience managing BSA/AML systems, data, and internal controls with a strong understanding of retail (traditional and digital) and commercial banking products and services preferred
- Strong analytical skills to synthesize large quantities of data for reconciliation processes
- Experience in project management and leading technical issues to closure with cross functional teams
- Excellent verbal and written communication skills
- Excellent time management and prioritization skills
- Experience with Verafin or other industry-standard BSA/AML systems preferred
The pay range for this position is below. The specific rate will depend on the successful candidate’s qualifications and prior experience. $120,000 (entry level qualifications) to $165,000 (highly experienced).
POSITION REQUIREMENTS: We are committed to creating an inclusive workplace where all employees are capable of performing their job position. Work is primarily conducted in an office setting while certain positions may allow for remote work through the use of technology at management discretion. The functions described below are representative of those to successfully perform duties of this job. Reasonable accommodations may be made to enable employees to perform the essential functions. While performing duties of this job, the employee may be regularly required for extended periods of time to:
• Remain in a stationary position
• Use hands and fingers
• Utilize a computer monitor with visual acuity
• Operate technology or other office machinery such as printers, scanners, etc.
• Communicate clearly verbally and/or in writing with others
ADDITIONAL DUTIES: For Forbright Bank to remain efficient and nimble as a growing organization, team members are expected to exhibit a high level of flexibility regarding any duties that may be situationally assigned outside of this job description.
PERKS/BENEFITS:
• Comprehensive health, dental, and vision plans
• 4 weeks PTO
• 401k + company match
• Metro SmartTrip benefits ($50/mo)
• Remote or hybrid work schedules for most positions
• Bonuses for purchasing solar panels, electric vehicles, biking to work, etc.
• Paid subscriptions to Veterans Compost, Imperfect Foods, and more!
• Best Workplaces for Commuters 2023 & 2024 winner
• The Washington Post Top Workplaces 2023 & 2024 winner
• American Banker Best Banks to Work For 2023 winner
It is the policy of Forbright Bank to provide equal employment opportunities to all qualified individuals and to administer all aspects and conditions of pre-employment and employment without regard to protected characteristics.
Employment with Forbright Bank is at-will, which means that either you or the Company may terminate the relationship at any time.
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The Company
What We Do
Forbright Bank (www.forbrightbank.com) is a full-service bank, commercial lender, and asset manager committed to accelerating the transition to a sustainable, clean energy economy. As the need to build a more sustainable, low-carbon economic system grows increasingly urgent, we are dedicating half of our assets to financing the companies, investors, and innovators driving that change. We also will empower our depositors to directly fund clean energy and sustainability-oriented loans through a variety of decarbonization linked deposit products, allowing them to play a critical role in furthering the energy transition.
Member FDIC | Equal Housing Lender | NMLS #652644
