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AML Transaction Monitoring Team Lead (AVP)
Banking/Financial company
Banking/Financial company
Jacksonville, FL
W-2 onlyPermanent Position495 views
Jacksonville, FL
Permanent Position
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Regulation, Compliance and Anti-Financial Crime (AFC) protects the integrity and reputation of our bank. They manage the Bank’s risks and help to avoid unintentional rule breaches and conflicts of interest. At the same time, they also advise us on ethical conduct and governance issues and keep our organization up-to-date on regulatory and political challenges.

Department
We are committed to the highest standards of control in the areas of Anti-Money Laundering (AML), Sanctions & Embargoes, Anti-Bribery and Corruption (ABC) and Anti-Fraud (collectively referred to as Anti-Financial Crime). All employees are required to adhere to these standards to protect our reputation from those who may intend to use our products and services for illegal purposes including, but not necessarily limited to, money laundering, bribery, corruption, fraud and/or terrorist financing.

AFC’s Mission is:

  • To be a trusted and respected independent control function that aims to protect the bank from financial crime risk
  • To establish a proactive framework to prevent, detect, investigate and report bank-wide financial crime risk events

Overview
The AFC team is accountable for protecting Deutsche Bank from financial and reputational losses incurred by financial crimes by assessing, controlling and mitigating risks. The AML Investigator is responsible for conducting comprehensive investigations on Deutsche Bank’s global correspondent banking client’s to detect activity indicative of money laundering or other financial crimes. The Investigators utilize internal and external investigation technology and research techniques. Based on documented findings, the Investigator will draft a written narrative outlining in detail the results and as appropriate, escalate in accordance with documented procedures. The AVP is responsible for providing oversight and guidance to the investigations team as well as conduct procedural reviews in order to ensure quality case investigations. In addition the AVP will be expected to conduct case investigations as needed as well as participate in the development of technological enhancements. The position will report to the VP within AFC.

Key Responsibilities:

  • Use independent and professional judgment when reviewing AML investigations in addition to all policies and procedures and meets regulatory standards
  • Monitor case aging and escalate as necessary
  • Participate in departmental projects and initiatives
  • Keep abreast of new rules, regulations and reputational risks to further improve our investigation processes
  • Understand business and regulatory requirements and ensure functions are being performed within those requirements
  • Maintain a thorough comprehension of internal AML typologies relating to correspondent banking clients
  • Manage complex investigations involving matters such as multiple relationship accounts, tiered and multi-faceted transactions; international wires involving DB designated high risk jurisdictions, and complex structuring schemes to identify potential money laundering or other financial crimes
  • Utilize internal and external sources, and partner with other stakeholders, as necessary, to research and investigate cases
  • Work with VP to collate metrics and other data as requested
  • Liaise with Technology to address any potential production issues and software updates
  • Prepare and write Suspicious Activity Reports (SARs) as necessary
  • Perform oversight functions by analyzing the completed investigations conducted by the investigator focused on the review of alerted transactional activity
  • Provide consistent qualitative feedback to the Investigators that follows the QA protocols and procedures
  • Use independent and professional judgment when reviewing AML investigations.
  • Work closely with investigators on a daily basis to ensure that the work is prioritized based on staffing and capacity
  • Promote growth and development within the team and provide feedback as necessary.
  • Provide ongoing training and guidance to new and current investigators.
  • Lead departmental projects and initiatives
  • Foster an inclusive team environment that promotes opportunity, diversity and innovation
  • Keep abreast of new rules, regulations and reputation risks to develop implement and revise current policies and procedures

Required Skills:

  • Minimum of a Bachelor’s degree
  • Minimum of 2 years in a leadership/management capacity.
  • 2+ years as an AML investigator in a transaction monitoring and SAR writing capacity or equivalent experience or education
  • Ability to identify, escalate and communicate issues to management in an effective and succinct manner
  • Effective decision making skills and strong problem solving skills
  • Strong knowledge of AML laws (USA PATRIOT Act), Regulations (Fed, SEC, FINRA) and their application to the supported products/business lines.
  • Good team player with the ability to manage the team’s workload and their own
  • Strong interpersonal skills
  • Working knowledge of MS Excel, including pivot tables, macros, filtering, and sorting
  • Applied experience of effective internet search techniques
  • Excellent writing and communication skills
  • Excellent analytical, judgment and research skills
  • Strong attention to detail and the ability to multitask
  • An understanding of the legal and compliance issues of complex banking organizations
  • Ability to work independently and accurately prioritize workload with minimal supervision
  • Correspondent banking experience
  • Operational knowledge of USD payment systems, including SWIFT, CHIPS, ACH, and FedFunds
  • Knowledge with Case Management System, Actimize / Mantas
  • Experience using LexisNexis
  • CAMS certification a plus
Skills
Skill Proficiency Years Experience Percent Used
AML
1 - 3100%
SAR Reports
Any100%
AFC
Any75%
Anti-Bribery
Any75%
CAMS
Any75%
Financial Crimes
Any75%
FINRA
Any75%
Compliance
Any50%
Banking
Any25%
LexisNexis
Any25%
Mantas
Any25%
Microsoft Excel
Any25%
Mitigation
Any25%
Patriot Act
Any25%
Quality Assessor
Any25%
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