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U.S. Bank AML Manager – Financial Crimes Risk Management in Cincinnati, Ohio

At U.S. Bank, we're passionate about helping customers and the communities where we live and work. The fifth-largest bank in the United States, we’re one of the country's most respected, innovative and successful financial institutions. U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors.

Job Description

U.S. Bank Enterprise Financial Crimes Compliance (EFCC) is seeking a strong candidate to join our team of AML professionals. The AML Manager must have a deep knowledge of BSA/AML and Sanctions laws and regulations, including strong expertise in leading industry practices in BSA/AML programs.

In addition, the candidate must have the knowledge and leadership capabilities to guide business line partners in complying with all policies and procedures and applicable government regulations, including but not limited to, the Bank Secrecy Act and other Anti-Money Laundering regulations. The AML Manager must stay abreast and be knowledgeable of all related policies, procedures and regulations to remain proficient in all job responsibilities. The AML Manager must be able to assess complex regulatory situations and assist business leaders in operationalizing applicable requirements.

The candidate must have the ability to work with internal and external auditors and regulatory examiners by providing full cooperation and timely delivery of requested documentation and information. The AML Manager will provide oversight of business line and operational AML programs, and assist with overall compliance for the Enterprise. In addition, the candidate will provide oversight of issue management, reporting and risk assessments.

Essential duties will include but not be limited to:

  • Overseeing the implementation of U.S. Bank’s BSA/AML Program consistent with regulatory expectations and industry practice for assigned area(s) of coverage

  • Oversight and guidance to applicable business lines in the development of effective processes for customer due diligence, periodic review, and enhanced due diligence for higher risk customers

  • Ability to provide strong guidance and credible challenge to senior business leaders in their implementation of financial crimes controls

  • Overseeing and maintaining BSA/AML, OFAC and ACFTE risk assessments for assigned area(s) of coverage and providing guidance for associated action plans

  • Conducting ‘deep dives’ and horizontal assessments on higher risk products/services/customer types

  • Provide subject matter/industry expertise regarding inherent risks and associated controls relevant to area(s) of coverage

  • Provide guidance to applicable stakeholders/teams regarding appropriate mitigation strategies for AML/ES risk related to area(s) of coverage

  • Oversight and guidance to assigned area(s) of coverage related to self-identified issues, as well as the management of issues identified by second and third lines of defense and external sources (e.g. regulatory bodies)

  • Strong guidance and credible challenge to senior business leaders and business line partners in driving timely resolution to targeted completion dates for issue milestones and overall resolution plans

  • Collaborate across first, second and third line of defense teams to holistically assess risks and formulate recommendations for effective oversight and controls

  • Participate in new business initiatives and make sound recommendations to ensure financial crimes risks are considered and accounted for

  • Assess/opine/approve financial crimes related changes to business line procedures/documents

Basic Qualifications

  • Bachelor's degree, or equivalent work experience

  • Ten or more years of experience in an applicable risk management environment

  • Applicable certifications

Preferred Skills/Experience

  • Minimum 10 years of experience with compliance related to BSA/AML/OFAC at a large financial institution, regulatory or law enforcement agency

  • Minimum 10 years of relevant managerial experience in compliance or related risk management, data analytics or critical thinking positions

  • Expert knowledge of FFIEC Examination Manual relative to AML, KYC, CIP, etc., USA PATRIOT Act, FinCEN guidance, and other industry guidance and best practices

  • Ability to work on a variety of complex issues within a time-sensitive environment and drive results by promoting a strong culture of compliance

  • Advanced degrees (MA, MS, MBA, JD)

  • CAMS or CFE certification are favorably considered

  • Excellent interpersonal abilities including superior oral and written communication skills with the aptitude to establish credibility and collaborative partnerships with senior business leaders and global compliance partners

  • Understanding of payment services related products and services (e.g. merchant processing, merchant acquiring, emerging payment solutions, payment processing, mobile wallets, credit cards, prepaid card programs, corporate payment solutions, etc.) and how these products and services may be exploited for criminal purposes, including but not limited to money laundering and terrorist financing activities

  • Proven experience of interaction with regulators and auditors

*The working model for this position is hybrid

Tag: INDMO

If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants (https://careers.usbank.com/global/en/disability-accommodations-for-applicants) .

Benefits:

Take care of yourself and your family with U.S. Bank employee benefits. We know that healthy employees are happy employees, and we believe that work/life balance should be easy to achieve. That's why we share the cost of benefits and offer a variety of programs, resources and support you need to bring your full self to work and stay present and committed to the people who matter most - your family.

Learn all about U.S. Bank employee benefits, including tuition reimbursement, retirement plans and more, by visiting careers.usbank.com .

EEO is the Law

Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal EEO is the Law (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/eeopost.pdf) poster.

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program (https://careers.usbank.com/verification-of-eligibility-for-employment) .

Due to legal requirements, U.S. Bank requires that the successful candidate hired for some positions be fully-vaccinated for COVID-19, absent being granted an accommodation due to a medical condition, pregnancy, or sincerely held religious belief or other legally required exemption. For these positions, as part of the conditional offer of employment, the successful candidate will be asked to provide proof of vaccination or approval for an accommodation or exemption upon hire.

U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors.

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