Description
Plan, direct, and coordinate an organization’s BSA/AML and sanctions compliance program to prevent, detect, and report money laundering, terrorist financing, and related financial crimes.
- • Verify that AML and sanctions screening systems provide adequate monitoring, alerting, and reporting across required risk domains.
- • Serve as a confidential point of contact for employees to raise AML or sanctions concerns and seek guidance.
- • Maintain complete records of AML compliance activities, including alerts, case files, SAR/CTR filings, and investigation outcomes.
- • Consult with legal counsel on complex BSA/AML, sanctions, and privacy issues.
- • Partner with HR to enforce consistent disciplinary actions for AML policy violations.
- • Advise management and business lines on AML program design, controls, and obligations for new products or partnerships.
- • Review customer and partner communications to ensure compliance with AML, KYC, and sanctions requirements.
- • Deliver ongoing training on AML/BSA, sanctions, KYC/CDD/EDD, and suspicious activity reporting.
- • Report suspicious activity and required cash transactions to regulators (e.g., SARs, CTRs) in a timely manner.
- • Support internal and external audits and regulatory examinations of the AML program.
- • Prepare management and Board reports on AML metrics, trends, violations, and remediation status.
- • Monitor transaction monitoring and sanctions screening controls to ensure effectiveness and proper tuning.
- • Identify AML and sanctions control gaps that require remediation or investigation.
- • Publish and maintain AML, KYC, and sanctions policies, standards, and procedures.
- • File accurate and complete AML regulatory reports with the appropriate agencies.
- • Design and implement enhancements to alerting, case management, and escalation workflows.
- • Conduct periodic AML risk assessments, quality assurance, and independent testing of controls.
- • Direct and review internal investigations of suspected money laundering, fraud, or sanctions violations.
- • Guide technology teams on AML model development, validation, data quality, and reporting tools.
- • Perform targeted reviews of high-risk customers, products, and geographies to confirm adherence to AML standards.
- • Oversee AML program components such as CIP, beneficial ownership collection, CDD/EDD, sanctions screening, and 314(a)/(b) processes.
- • Evaluate tuning, thresholds, and testing protocols for transaction monitoring and sanctions models.
- • Update policies and customer risk-rating methodologies to reflect new laws, guidance, or typologies.
- • Brief leadership on emerging financial crime risks, typologies, and regulatory expectations.
- • Ensure regulatory requirements are documented, implemented, and communicated across business units.
- • Stay current on BSA/AML, OFAC, FATF, and industry best practices.
- • Direct enterprise-wide AML and sanctions policy implementation and control ownership.
- • Develop and maintain risk-based AML strategies aligned to the firm’s risk appetite.
- • Oversee internal reporting channels for AML concerns, including hotlines and escalation protocols.
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Last reviewed: Jan 2026
