Bank AML Governance & Controls Executive
USAA
3,462 reviews
Crystal Springs, FL 33524
Remote
USAA
3,462 reviews
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Purpose of Job ** This role will be located in San Antonio, one of our regional offices, or remote with frequent travel to Texas. **
The Bank Anti-Money Laundering – Governance and Controls Executive is accountable for the Bank’s Anti-Money Laundering operations and related activities for USAA the Federal Savings Bank (“FSB”) and USAA Savings Bank (“USB”) AML/Sanctions risk programs, policies, governance, and controls. This role would be expected to monitor and measure the effectiveness of our AML risk management framework, ensure Bank operations meets AML/Sanctions regulatory requirements, deliver and drive training, and ensure continued process enhancement(s).
Job Requirements
Identify and manage existing and emerging risks that stem from business activities and the job role.
Ensure risks associated with business activities are effectively identified, measured, monitored, and controlled.
Follow written risk and compliance policies and procedures for business activities.
Develops and oversees the implementation and execution of AML operating strategies, polices, and procedures aimed at compliance with regulator expectations regarding all AML activities for multiple products and lines of business within the Bank.
Responsible for the execution of AML risk, compliance, and control issues and implements actions for mitigation to potential risk issues and business impact across the Bank.
Provide executive oversight on complex Bank AML strategy development, projects, programs and AML operational planning. Prepares and conducts program briefings to all levels of management.
Collaborates with key resources and stakeholders across all lines of defense to influence decisions and drive work that effects Bank AML teams.
Applies AML subject matter expert knowledge to lead team members in producing work deliverables in support of departmental initiatives; Stays abreast of current market economic conditions, industry and regulatory development and trends, and competitors. Applies that knowledge to develop and implement operational strategies and make recommendations to senior leaders.
Builds and oversees a team of employees for assigned functional area through ongoing execution of recruiting, development, retention, coaching and support, performance management, and managerial activities. Establishes and maintains performance metrics, taking corrective action and directing the implementation of solutions to bring process performance to the next level.
Required:
Bachelor’s Degree OR 4 additional years of related experience beyond the minimum required may be substituted in lieu of a Degree.
10 or more years progressive experience in a relevant Bank Secrecy Act (BSA)/Anti-Money Laundering (AML)/ Office of Foreign Assets Control (OFAC) area supporting financial services and/or banking related products.
4 or more years of people leadership experience in building, managing and/or developing high-performing teams.
Extensive experience in compliance of Federal Banking Laws and Regulations such as OCC Heightened Standards, Fair Lending Laws, Bank Secrecy Act (BSA), Anti-Money Laundering, and Global Sanctions regulatory requirements.
Deep understanding of the Three Lines of Defense (3LOD) model; risk taking, risk oversight, and risk assurance within a banking sector.
Extensive knowledge, understanding and application of risk management and compliance framework and guidelines.
Preferred:
10+ years’ recent experience in a risk, control, audit or AML function in a $100+B consumer bank.
Subject matter expert in consumer banking BSA/AML/Global Sanctions rules and regulations.
Experience working with and presenting to regulators and internal auditors and compliance partners.
Experience leading in an Audit function or as a bank examiner.
Experience building out QA and RCSA for BSA/AML/Global Sanctions.
Experience closing consent orders or other regulatory actions in BSA/AML/Global Sanctions space.
USAA has an effective process for assessing market data and establishing ranges to ensure we remain competitive. You are paid within the salary range based on your experience and market position. The salary range for this position is $135,200 - $243,500.
Employees may be eligible for pay incentives based on overall corporate and individual performance or at the discretion of the USAA Board of Directors.
Long Term Incentive Plan: Cash payment for Executive level roles only, representing a cash payment which is both time and performance based.
Benefits:
At USAA our employees enjoy best-in-class benefits to support their physical, financial, and emotional wellness. These benefits include comprehensive medical, dental and vision plans, 401(k), pension, life insurance, parental benefits, adoption assistance, paid time off program with paid holidays plus 16 paid volunteer hours, and various wellness programs. Additionally, our career path planning and continuing education assists employees with their professional goals.
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