Company: City National Bank
Location: Wilmington, DE
Career Level: Mid-Senior Level
Industries: Banking, Insurance, Financial Services
Description
MANAGER FINANCIAL CRIMES COMPLIANCE I
WHAT IS THE OPPORTUNITY? The Manager Financial Intel is responsible for leading a team of Analysts charged with the responsibility of performing due diligence and enhanced due diligence and reporting potential suspicious money laundering or terrorist financing activity in our Know Your Client Department. The individual develops, maintains and continues to enhance comprehensive investigative due diligence processes that capture all available information on High Risk Clients that can be summarized into a report for dissemination to our business partners. The manager is to be familiar with bank products, services, higher risk clients, business entities, geographic locations and the potential money laundering risks associated with those activities. This position will oversee all aspects of a compliant Bank Secrecy Act (BSA) investigations program.
What you will do
- Manage analyst team responsible for performing timely investigations with well-reasoned and supported decision making
- Ensures BSA, USA PATRIOT ACT, and CNB compliance and oversight as it relates to:
- Conduct research over available Bank systems, the internet and databases consistent with the resolution of investigations.
- Obtain the appropriate documentation to assist in identifying unusual transaction patterns.
- Document and report the investigation findings in the case management system and prepare reports to management as required.
- Review recommendations for Suspicious Activity Reports (SARs).
- Identifies and recommends enhancements to workflow inefficiencies.
- Maintains, updates, and ensures adherence to policies and procedures.
- Conducts regularly scheduled analyst training.
- Serves as subject matter expert on BSA/AML related questions and provides guidance and leadership to the Analysts.
- Communicates directly with branch personnel and department managers, internal audit department as appropriate
- Responsible for communicating with internal and external entities to include senior managers, relationship managers and other BSA-related units.
- Conduct quality assurance reviews of case files, tracking logs and various KYC/EDD processes.
Must-Have*
- Bachelor's Degree or equivalent
- Minimum of 10 years' experience in Banking Services, Quality Assurance, Audit or Operations
- Minimum of 5 years supervisory experience
- Minimum of 5 years of experience with strong exposure to KYC/AML/CDD/EDD or due diligence teams
Skills and Knowledge
- Bachelor's degree in business/ related discipline or equivalent work/training required, professional qualification in KYC / AML such as CAMS is a big plus
- Thorough knowledge of BSA and USA PATRIOT Acts
- Experience working within the investment management/ financial service/ auditing/compliance/ consulting industry with a strong exposure to KYC/ AML/ CDD/ EDD
- Strong interpersonal skills with the ability to interact with all levels of staff and Senior Management
- Outstanding analytical skills with the ability to understand business functions and processes swiftly
- Ability to be flexible, follow tight deadlines, organize and prioritize work and deliver results quickly
- Exceptional communication, conflict management and negotiation skills;
- Highly independent. motivated, team player, self- starter and able to work independently
*To be considered for this position you must meet at least these basic qualifications
The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.
Benefits and Perks
At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues. Get an inside look at our Benefits and Perks.
ABOUT CITY NATIONAL
City National Bank, a subsidiary of Royal Bank of Canada, is the largest bank headquartered in Los Angeles with $92.03 billion in assets as of April 30, 2024. Founded in 1954, City National provides personalized banking, investment and trust services in select markets including Los Angeles, Orange County, San Diego, the San Francisco Bay Area, New York City, Nashville, Atlanta, Delaware, Las Vegas, Washington D.C. and Miami.* In addition, the company and its investment affiliates manage or administer $96.83 billion in client investment assets. City National is dedicated to strengthening communities, and in 2023 alone, the company made more than $11 million in charitable contributions to nonprofits that support the communities it serves.
*City National Bank does business in Miami and the state of Florida as CN Bank.
For more information about City National, visit cnb.com.
EQUAL OPPORTUNITY EMPLOYER & REASONABLE ACCOMMODATION
City National Bank is an equal opportunity employer committed to promoting and maintaining a diverse, equitable and inclusive working environment where differences are valued and encouraged. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by the laws or regulations in the locations where we operate or in our Code of Conduct. READ MORE
If you are a qualified individual with a disability or a disabled veteran, you have the right to request a reasonable accommodation for any part of the employment process. Please contact us via email or leave a message at (213) 673-9139. These contact methods are dedicated to applicants whose disability prevents them from successfully applying online. Only messages left for this purpose will be returned. Responses may take up to two business days.
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