Vice President AML CFT Officer

Basic Function

Responsible for developing, implementing and administering all aspects of the Anti-Money Laundering (AML)/ Countering the Financing of Terrorism (CFT)/Sanctions Compliance Program in accordance with applicable laws, guidelines and regulations.

Essential Duties

1. Manage AML/CFT/Sanctions Program:
   
   
   
   • Determine effects of AML/CFT/Sanctions laws and regulations on Bank policy, procedures, processes and risk assessments
   • Implement changes to Bank policy, procedures, processes and risk assessments to ensure compliance with AML/CFT/Sanctions laws and regulations
   • Manage AML/CFT/Sanctions Audits and Exams
     
     
   
   
   
   
2. Review, Monitor and Analyze the following reports and items:
   
   
   
   • Reporting on Verafin for AML/CFT/Sanctions, CTRs, SARs, wires, monetary instruments, etc.
   • Cash reports from Fiserv and Verafin, $3,000 to $10,000 logs, kiting suspect reports, International ACH (IAT) reports
   • Overdraft and deposited return checks
   • Review and confirm data file transfers daily to Anti-Money Laundering software
   • Rectify non-post items on ACH, ATM, Wires and Teller cash-ins or cash-outs
   • Various audit and exam findings to remedy deficiencies
     
     
   
   
   
   
3. Create and update the following reports and items:
   
   
   
   • Create & update Board Reports - BSA, ID Theft Red Flags, GLBA
   • Create reports by request of auditors and examiners
   • Update Policies, Procedures and Risk Assessments - AML/CFT/Sanctions, ID Theft Red Flags, Detection & Deterrence of Elder Financial Abuse
     
     
   
   
   
   
4. Perform the following training and testing:
   
   
   
   • Annual AML/CFT/Sanctions Training
   • Supplemental training when applicable
     
     
   
   
   
   
5. AML/CFT related Fraud Detection and Identity Theft Incidents:
   
   
   
   • Review and analyze AML/CFT related fraud alerts on Verafin
   • Assist with fraud process implementation and review
   • Perform fraud monitoring and reporting
   • Work with others pertaining to AML/CFT fraud related incidents and identity theft related incidents to minimize impact to client(s) and protect client(s) from additional vulnerabilities
     
     
   
   
   
   
6. Direct supervisory responsibilities:
   
   
   
   • Work with Assistant AML/CFT Officer(s) with various AML/CFT/Sanctions issues, duties, projects, program enhancements and training
   • Work with Teller Manager pertaining to teller non-post entries, CTRs and monetary log entries
   • Work with others pertaining to missing CIP/CDD/KYC information and reports,etc.
     
     
   
   
   
   
7. Attend the following meetings:
   
   
   
   • Compliance Committee Meetings
   • Fraud Workgroup Meetings and Fraud Stars Meetings
   • New Product, Service, Technology Meetings for new or changed product, service or technology that relate or impact AML/CFT/Sanctions
   • Meetings with various areas throughout the Bank to resolve AML/CFT/Sanctions issues
   
   
   
   

Nonessential Duties

• Other duties as assigned

Qualifications

Knowledge, Skills & Abilities

• Excellent analytical skills
• Strong communication skills both verbal and written
• Detail oriented
• Ability to multi-task
• Capable of working independently
• Proficient computer skills
• Extensive knowledge of bank regulations

Training & Experience

• Bachelor's degree in Economics, Finance or Business Management or equivalent related experience
• Minimum 8 years AML/CFT Officer experience
• Previous experience in Bank operations
• Previous supervisory experience
• Microsoft proficiency
• Verafin application experience preferred
• Fiserv application experience preferred

Compensation

• Expected Salary Range: $125,000 - $140,000
• Salary will be negotiated based on relevant skills and experience as well as internal equity and alignment with market data.

Benefits

First Bank Chicago offers a comprehensive benefits package including medical/dental/vision/life insurance; 401(k); paid time off (PTO); and eligibility for an annual bonus. For a complete listing of benefits, please visit our website:https://firstbankchicago.com/Employee-Benefits.

First Bank Chicago is an Equal Opportunity Employer: disability/veteran

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