Job Description
Qualifications
Bachelor's Degree from a 4 Year College or equivalent experience required
Significant knowledge and expertise of AML regulations, including BSA, USA PATRIOT Act, FinCEN requirements and Suspicious Activity Report requirements required
Experience in building successful teams from the ground up required
Ability to influence and lead people at a senior level using sound judgment and successful execution required
Entrepreneurial drive and ability to judiciously balance risk/reward scenarios as a means of effectively providing appropriate front-line Risk Management advice/AML guidance and support required
Prior experience in the Risk Management and/or AML sectors within a financial institution or a consulting firm required
Prior work experience in a role needing to collaborate with a variety of teams and senior level individuals required
Ability to establish and build strong relationships at a first, second and third line of defense level required
Excellent communication, writing and presentation skills required
Responsibilities
The BAM is responsible for leading a specialized first-line AML risk management team
In addition, the BAM focuses on identifying, evaluating, and mitigating regulatory and operational risks within the coverage areas
This role works closely with front-line bankers, business leaders and executive management across the organization
Other duties and special projects may be assigned
Act as a trusted advisor to BankUnited lines of business by providing risk-based guidance throughout various points in the customer life cycle
Manage and develop a team of subject matter experts while continuously enhancing processes with the goal of maximizing efficiency and value to BankUnited
Supervise First Line Enhanced Due Diligence responsibilities across multiple lines of business
Providing the lines of business (LOBs) with guidance and support related to: BSA Inquiries, Prospective Customer Vetting and BSA Exception Memo development
Identify areas of potential risk and work closely with business leaders to strategically develop, implement and maintain risk mitigating controls and methodologies throughout identified areas of the Bank
Liaising with the LOBs and BSA teams to ensure Compliance with BankUnited's AML Program and provide advice on the AML considerations needed for the onboarding/maintenance of both prospective and existing clients
Maintaining 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
Participate in various Governance and Oversight Committees
Assist and advice identified LOBs in making appropriate risk-informed decisions in the normal course of business
Ensure LOBs are in alignment with all corporate policies, procedures, and programs
Regularly meet with business leadership and/or executive management to report on documented findings and provide a framework for resolutions
Maintain oversight responsibility for reviews being completed accurately and professionally and communicated to employees appropriately
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
SUPERVISORY RESPONSIBILITIES
Supervises function, projects or services and/or one or more employees, as applicable
Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws
Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance coaching; rewarding and disciplining employees; addressing complaints and resolving problems
Job description
SUMMARY: The Business Advisory Manager (BAM) is responsible for providing subject matter expertise and support to front line business units in making appropriate risk-informed strategic decisions to manage BSA/AML and OFAC risk. The BAM is responsible for leading a specialized first-line AML risk management team. In addition, the BAM focuses on identifying, evaluating, and mitigating regulatory and operational risks within the coverage areas. This role works closely with front-line bankers, business leaders and executive management across the organization.
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties and special projects may be assigned.
• Act as a trusted advisor to BankUnited lines of business by providing risk-based guidance throughout various points in the customer life cycle.
• Manage and develop a team of subject matter experts while continuously enhancing processes with the goal of maximizing efficiency and value to BankUnited.
• Supervise First Line Enhanced Due Diligence responsibilities across multiple lines of business.
• Providing the lines of business (LOBs) with guidance and support related to: BSA Inquiries, Prospective Customer Vetting and BSA Exception Memo development.
• Identify areas of potential risk and work closely with business leaders to strategically develop, implement and maintain risk mitigating controls and methodologies throughout identified areas of the Bank
• Liaising with the LOBs and BSA teams to ensure Compliance with BankUnited's AML Program and provide advice on the AML considerations needed for the onboarding/maintenance of both prospective and existing clients.
• Maintaining 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.
• Participate in various Governance and Oversight Committees.
• Assist and advice identified LOBs in making appropriate risk-informed decisions in the normal course of business.
• Ensure LOBs are in alignment with all corporate policies, procedures, and programs.
• Regularly meet with business leadership and/or executive management to report on documented findings and provide a framework for resolutions.
• Maintain oversight responsibility for reviews being completed accurately and professionally and communicated to employees appropriately.
• 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.
SUPERVISORY RESPONSIBILITIES
• Supervises function, projects or services and/or one or more employees, as applicable.
• Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws.
• Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance coaching; rewarding and disciplining employees; addressing complaints and resolving problems.
EDUCATION
Bachelor's Degree from a 4 Year College or equivalent experience required
EXPERIENCE
• 12+ years of experience in AML Advisory, AML Risk Management and/or AML program management or equivalent experience preferred
• Significant knowledge and expertise of AML regulations, including BSA, USA PATRIOT Act, FinCEN requirements and Suspicious Activity Report requirements required
• Experience in building successful teams from the ground up required
• Ability to influence and lead people at a senior level using sound judgment and successful execution required
• Entrepreneurial drive and ability to judiciously balance risk/reward scenarios as a means of effectively providing appropriate front-line Risk Management advice/AML guidance and support required
• Prior experience in the Risk Management and/or AML sectors within a financial institution or a consulting firm required
• Experience or previous exposure to internal control functions and US regulators preferred
• ACAMS (Association of Certified Money Laundering Specialists) or similar credential in the area of AML preferred
• Prior work experience in a role needing to collaborate with a variety of teams and senior level individuals required
• Ability to establish and build strong relationships at a first, second and third line of defense level required
• Excellent communication, writing and presentation skills required
• Experience with Business Intelligence and Data Visualization tools (ie Spotfire, Tableau, Qlikview, Microstrategy etc) a plus preferred
#J-18808-Ljbffr
$23.64–$37.45 an hour
Full–time and Part-time
Bachelor's Degree from a 4 Year College or equivalent experience required
Significant knowledge and expertise of AML regulations, including BSA, USA PATRIOT Act, FinCEN requirements and Suspicious Activity Report requirements required
Experience in building successful teams from the ground up required
Ability to influence and lead people at a senior level using sound judgment and successful execution required
Entrepreneurial drive and ability to judiciously balance risk/reward scenarios as a means of effectively providing appropriate front-line Risk Management advice/AML guidance and support required
Prior experience in the Risk Management and/or AML sectors within a financial institution or a consulting firm required
Prior work experience in a role needing to collaborate with a variety of teams and senior level individuals required
Ability to establish and build strong relationships at a first, second and third line of defense level required
Excellent communication, writing and presentation skills required
Responsibilities
The BAM is responsible for leading a specialized first-line AML risk management team
In addition, the BAM focuses on identifying, evaluating, and mitigating regulatory and operational risks within the coverage areas
This role works closely with front-line bankers, business leaders and executive management across the organization
Other duties and special projects may be assigned
Act as a trusted advisor to BankUnited lines of business by providing risk-based guidance throughout various points in the customer life cycle
Manage and develop a team of subject matter experts while continuously enhancing processes with the goal of maximizing efficiency and value to BankUnited
Supervise First Line Enhanced Due Diligence responsibilities across multiple lines of business
Providing the lines of business (LOBs) with guidance and support related to: BSA Inquiries, Prospective Customer Vetting and BSA Exception Memo development
Identify areas of potential risk and work closely with business leaders to strategically develop, implement and maintain risk mitigating controls and methodologies throughout identified areas of the Bank
Liaising with the LOBs and BSA teams to ensure Compliance with BankUnited's AML Program and provide advice on the AML considerations needed for the onboarding/maintenance of both prospective and existing clients
Maintaining 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
Participate in various Governance and Oversight Committees
Assist and advice identified LOBs in making appropriate risk-informed decisions in the normal course of business
Ensure LOBs are in alignment with all corporate policies, procedures, and programs
Regularly meet with business leadership and/or executive management to report on documented findings and provide a framework for resolutions
Maintain oversight responsibility for reviews being completed accurately and professionally and communicated to employees appropriately
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
SUPERVISORY RESPONSIBILITIES
Supervises function, projects or services and/or one or more employees, as applicable
Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws
Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance coaching; rewarding and disciplining employees; addressing complaints and resolving problems
Job description
SUMMARY: The Business Advisory Manager (BAM) is responsible for providing subject matter expertise and support to front line business units in making appropriate risk-informed strategic decisions to manage BSA/AML and OFAC risk. The BAM is responsible for leading a specialized first-line AML risk management team. In addition, the BAM focuses on identifying, evaluating, and mitigating regulatory and operational risks within the coverage areas. This role works closely with front-line bankers, business leaders and executive management across the organization.
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties and special projects may be assigned.
• Act as a trusted advisor to BankUnited lines of business by providing risk-based guidance throughout various points in the customer life cycle.
• Manage and develop a team of subject matter experts while continuously enhancing processes with the goal of maximizing efficiency and value to BankUnited.
• Supervise First Line Enhanced Due Diligence responsibilities across multiple lines of business.
• Providing the lines of business (LOBs) with guidance and support related to: BSA Inquiries, Prospective Customer Vetting and BSA Exception Memo development.
• Identify areas of potential risk and work closely with business leaders to strategically develop, implement and maintain risk mitigating controls and methodologies throughout identified areas of the Bank
• Liaising with the LOBs and BSA teams to ensure Compliance with BankUnited's AML Program and provide advice on the AML considerations needed for the onboarding/maintenance of both prospective and existing clients.
• Maintaining 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.
• Participate in various Governance and Oversight Committees.
• Assist and advice identified LOBs in making appropriate risk-informed decisions in the normal course of business.
• Ensure LOBs are in alignment with all corporate policies, procedures, and programs.
• Regularly meet with business leadership and/or executive management to report on documented findings and provide a framework for resolutions.
• Maintain oversight responsibility for reviews being completed accurately and professionally and communicated to employees appropriately.
• 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.
SUPERVISORY RESPONSIBILITIES
• Supervises function, projects or services and/or one or more employees, as applicable.
• Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws.
• Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance coaching; rewarding and disciplining employees; addressing complaints and resolving problems.
EDUCATION
Bachelor's Degree from a 4 Year College or equivalent experience required
EXPERIENCE
• 12+ years of experience in AML Advisory, AML Risk Management and/or AML program management or equivalent experience preferred
• Significant knowledge and expertise of AML regulations, including BSA, USA PATRIOT Act, FinCEN requirements and Suspicious Activity Report requirements required
• Experience in building successful teams from the ground up required
• Ability to influence and lead people at a senior level using sound judgment and successful execution required
• Entrepreneurial drive and ability to judiciously balance risk/reward scenarios as a means of effectively providing appropriate front-line Risk Management advice/AML guidance and support required
• Prior experience in the Risk Management and/or AML sectors within a financial institution or a consulting firm required
• Experience or previous exposure to internal control functions and US regulators preferred
• ACAMS (Association of Certified Money Laundering Specialists) or similar credential in the area of AML preferred
• Prior work experience in a role needing to collaborate with a variety of teams and senior level individuals required
• Ability to establish and build strong relationships at a first, second and third line of defense level required
• Excellent communication, writing and presentation skills required
• Experience with Business Intelligence and Data Visualization tools (ie Spotfire, Tableau, Qlikview, Microstrategy etc) a plus preferred
#J-18808-Ljbffr
$23.64–$37.45 an hour
Full–time and Part-time
💡 Quick Summary
Seeking a career-building opportunity? The Business Advisory Manager position is now open for candidates interested in the Bank Jobs sector. This role in Miami offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.