Director Commercial Enhanced Due Diligence Monitoring

Overview

This is a hybrid role, with the expectation that time working will regularly take place inside and outside of our office.

FCB's Commercial Bank First Line of Defense Enhanced Due Diligence Know Your Customer ("EDD KYC") team is responsible for managing, monitoring, and conducting enhanced due diligence on commercial client segments that may pose a higher risk for money laundering, terrorist financing, sanctions, or reputation risk in support of all legal and regulatory requirements as a large financial institution. You will be tasked with leading and developing a frontline monitoring program for the Commercial Bank aimed at identifying clients who require off-cycle enhanced due diligence reviews. You will engage with peers and all levels of management in the business and product teams and will liaise with the second and third lines of defense.

Responsibilities

• Establish a Commercial Bank frontline monitoring program that uses both qualitative and quantitative data to identify clients who require off-cycle enhanced due diligence reviews.
• Provide subject matter expertise in the areas of qualitative and quantitative analysis to drive best-in-class program development in line with expectations for a large financial institution, including an assessment and recommendation of tools/systems necessary.
• Build a high-performing team to support the launch of a frontline monitoring program with deep subject matter expertise in a variety of Commercial Bank business models.
• Document and maintain a repository of procedures, job aids and work product to demonstrate appropriate execution of the program.
• Conduct assessments and profile clients based on their quantitative and qualitative factors, including but not limited to expected activity, business model and geographic risk.
• Collaborate with cross-functional teams to share insights, provide support and guidance on policies, procedures, and best practices, promoting a culture of compliance.
• Provide training, advice, and guidance to the Commercial Bank teams. Demonstrate mastery of qualitative and quantitative monitoring techniques and data analytics using a variety of data sources and mediums of analysis.

Qualifications

Bachelor's Degree with a minimum of 8 years of experience in building and or maintaining a front line Commercial banking monitoring program OR High School Diploma/GED with a minimum of 12 years of experience.

• KYC Compliance or qualitative/quantitative analysis at a Large Financial Institution
• BA in, Finance, Legal, International Studies, or Criminal Justice
• ACAMS certification
• Strong knowledge of control frameworks and the ability to design effective controls embedded within business processes.
• Ability to work independently, take initiative and have strong verbal and written communication skills.
• Adaptability in learning new topics, handling change and managing competing priorities.
• Strong analytical, research, organizational and project management skills.
• Demonstrate strong understanding of AML/Sanctions related risk factors.
• Advanced leadership skills with the ability to develop a high-performing team.
• Strong understanding of requisite Microsoft Office applications and ability to learn new internal systems quickly.
• Ability to track and coordinate large, complex processes

The base pay for this position is relative to your experience but the range is generally $140280 - $187040 annually.

Actual starting base pay will be determined based on skills, experience, location, and other non-discriminatory factors permitted by law. For some roles, total compensation may also include variable incentives, bonuses, benefits, and/or other awards as outlined in the offer of employment.