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Deputy BSA Officer

Company: BNP Paribas Investment Partners USA Holdings, Inc.
Location: Omaha
Posted on: September 12, 2020

Job Description:

At Bank of the West, our people are having a positive impact on the world. We re investing where we feel we can make the most impact, like advancing diversity and women entrepreneurship programs, financing for more small businesses, and promoting programs for sustainable energy. From our locations across the U.S., Bank of the West is taking action to help protect the planet, improve people s lives, and strengthen communities. We are part of BNP Paribas, a global leader supporting the UN Sustainable Development Goals (SDGs). Yes, we re a bank, but as the bank for a changing world, we are continually seeking to improve the ways we help our customers, while contributing to more sustainable and equitable growth. JOB DESCRIPTION SUMMARY The Deputy BSA Officer reports to the Bank of The West Head of AML/BSA and is responsible for all operations supporting the bank s BSA/AML programs. This includes management and oversight of the Suspicious Activity Investigations, High Risk Customer Enhanced Due Diligence, and Currency Transaction Reporting programs. The executive will also have responsibility for QC across all BSA operational areas. This executive will lead diverse teams of investigators and analysts conducting monitoring, surveillance, investigation and reporting functions within the BSA/AML Administration department to prevent, detect and report suspected money laundering and terrorist activity. Supervises a staff of 100+, directly or through subordinate supervisors in multiple locations. He/She will also serve as a key leader and will represent the function with senior executives and business leaders when the Head of AML/BSA is not available. The Deputy BSA Officer will also oversee the continual maintenance and improvement of compliance systems in order to minimize the risks and the potential for penalties and/or costs associated with non compliance. Promote a strong culture of BSA and OFAC compliance throughout all business units. KEY RESPONSIBILITIES Enhancing and improving BSA specific procedures which allow the Bank to implement processes to comply with suspicious activity reporting, obtaining appropriate Customer Due Diligence and Enhanced Due Diligence information to ensure that the Bank is effectively managing its Know Your Customer ( KYC ) program, file timely and accurate Currency Transaction Reports, ensuring that the Bank s automated monitoring system is consistent with the Bank s risk level, and other BSA specific processes. Maintaining a high degree of knowledge of appropriate BSA and OFAC laws and regulations. Monitors new and proposed legislation and regulatory requirements; distributes updated information to departmental heads, Compliance Committee members and Bank personnel, as appropriate. Oversees the management of the Bank's BSA/AML Investigations department, and all aspects of investigations to include alert reviews, case management and SAR filings. Oversight of Grand jury Subpoenas, 314(a) and 314(b) requests and National Security Letters. Serve as point of contact for Law Enforcement inquiries. Oversees the management of the Bank's High Risk Customer Unit to ensure appropriate identification, complete and accurate enhanced due diligence review and ongoing monitoring, timely reporting and escalation, and proactive collaboration with business partners. Driving implementation of new services and processes in support of the BSA function. Will provide leadership, training, mentoring and development to associates at all levels of the AML/BSA team and will work with the Head of the department to develop more robust succession planning for key roles Responsible for the assessment and continuous review of organizational structures to ensure best in class practices are maintained and that there is appropriate coverage for continuous monitoring Review, assess and maintain appropriate policies, procedures and procedures within the AML/BSA operational areas along with the institutions broader capabilities related to financial crimes Develop and maintain strong and productive relationships with regulators, examiners and auditors to understand, respond to, and correct any recommendations, findings or matters regarding attention that are identified. Developing and implementing a robust control infrastructure and governance framework within the BSA function including policies, processes, procedures, operational standards and systemically driven controls that support Compliance with local regulatory requirements and to mitigate identified risks. Oversees the management of the Bank's Cash Transaction Reporting team to ensure complete and accurate monitoring during all phases of transaction and customer review, up to and including CTR filings to FinCEN, as well as management of CTR Exemptions and Monetary Instrument Reports. Developing, implementing, sustaining and continuously improving business-focused and compliance-oriented metrics in conjunction with first (business) and second (such as Operational Risk Management) lines of defense. Lead BSA change management initiatives (at functional and individual levels to assure execution of the target operating model across each of the BoW businesses, where applicable and as warranted). Establishing an environment and culture where self-identification/reporting of control deficiencies and continuous improvement is encouraged by developing, implementing and sustaining a Compliance risk self-assessment process focusing on key risks (linked to key risk indicators (KRIs) or metrics and key controls) and ensuring that remediation of (in particular) high residual risk-rated items are tracking to plan and milestones on the critical path are being met. IHC responsibilities: In addition to the primary roles and responsibilities articulated above, the Deputy BSA Officer will demonstrate leadership in ensuring BoW s active participation in and close coordination with IHC activities. This includes developing, maintaining and continuously enhancing transparent working relationships both inside and outside of Banc West and BoW and simultaneously, strategically addressing operational matters germane not only to Banc West and BoW but also the IHC. Performs other duties as assigned. PROFESSIONAL EXPERIENCE/QUALIFICATIONS 15 or more years banking experience; with at least 5-7 years BSA/AML investigative and high risk customer review experience at a financial institution (preferably consumer and commercial bank), regulatory or law enforcement agency The successful candidate must offer demonstrated ability to assume progressive responsibilities and significant senior level management in a complex and evolving regulatory environment. The Deputy BSA Officer must have a strong reputation managing critical regulatory relationships. Must have proven experience operationalizing policies and procedures. Embedding the policies and procedures deep into the operational capabilities of the institution and into the independent business culture and foundation of Bank of the West is critical to the evolution of the BSA program. A successful candidate will have previous experience transforming a BSA framework into a functioning process which operates in sync with the business. Significant experience focusing on service delivery and strategic and tactical management, with an emphasis on implementation and execution, experience with regulatory and outside third party interaction, as well as skills in the areas of risk identification, assessment, quantification and mitigation Experience in coordinating and managing projects, risks and issues across multiple businesses and functions. Talent management and leadership skills including the ability to hire, train, mentor and develop loyal and apolitical associates focused on doing the right thing on time with quality. Track record of developing and maintaining strong relationships with individuals at all levels in the organization based on trust and respect where challenging news must be communicated. Exceptional organizational and communication skills are needed in order to successfully build relationships with members of Senior Management and control professionals. Superior organizational skills, experience working in diverse, fast-paced and demanding environments with the ability to shift gears when necessary. Experience dealing with regulators and other third parties (attorneys, accountants, consultants, etc.), including managing day to day regulatory relationships and visits, and report writing ability to assist in the development of policies, procedures and standards. Ability to work in a matrix-management role where local (BoW/Banc West) and regional (IHC) responsibilities (against the backdrop of prioritized Head Office/Group/global business line demands) need to be efficiently prioritized. EDUCATION Bachelor's Degree is required and an advanced degree is preferred. Equal Employment Opportunity Policy Bank of the West is an Equal Opportunity employer and proud to provide equal employment opportunity to all job seekers without regard to any status protected by applicable law. Bank of the West is also an Affirmative Action employer - Minority / Female / Disabled / Veteran. Bank of the West will consider for employment qualified applicants with criminal histories pursuant to the San Francisco Fair Chance Ordinance subject to the requirements of all state and federal laws and regulations

Keywords: BNP Paribas Investment Partners USA Holdings, Inc., Omaha , Deputy BSA Officer, Accounting, Auditing , Omaha, Nebraska

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