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Director
First Republic Bank
San Francisco, CA, United States
Job Details - this job has expired, please see similar jobs below
Overview
Reporting to the Vice President, Policy and Risk Strategy, the Director of AML Policy and Risk Strategy assists in the development, implementation, and presentation of risk assessments. This position is responsible for supporting the BSA/AML compliance framework by conducting risk assessment and policy analysis to determine BSA/AML related risk exposures/impacts and further to assist in identification of mitigating controls and monitoring strategy. Furthermore, the Director will provide support to PPO and assist with various initiatives, including but not limited to responsibilities listed below.
Responsibilities
• Conduct enterprise BSA/AML and targeted risk assessments, which includes the following: a) conducting interviews with line of business representatives to understand risks and controls associated with customers, various products and services, business strategy, and system initiatives; b) defining parameters and risk attributes for data collection; c) conducting analysis with collected data and other information to quantify inherent risks and risk exposures; d) performing control effectiveness review to assess the adequacy of the control environment to mitigate risks and to identify any control gaps / enhanced opportunities; e) socializing and presenting findings/results to LOBs; and e) producing comprehensive final written product capturing the risk analysis, control effectiveness assessment, and direction of risk as well as an executive-level reporting to be consumed by BSA/AML and the lines of business.
• Provide risk-focused analytic support for department initiatives including transaction monitoring strategies, customer risk ranking model, country risk ranking list, NAICS code list and etc.
• Conduct targeted customers as well as product and service risk analysis, which includes the following a) conducting interviews with line of business representatives to understand risks associated with various products and services, b) evaluating control effectiveness based on current policies and procedures, systems, and processes and recommending enhancements for risk mitigation, and c) produce a comprehensive document for stakeholders.
• Provide support to Anti-money Laundering Business Rule Standards Committee (AMBRS) and other assigned meetings/committee by preparing/reviewing meeting materials and packages.
• Perform duties and responsibilities specific to department functions & activities as required or assigned by supervisor.
• Critical features of this job are described under the items above. They may be subject to change at any time due to reasonable accommodation or other reasons. This job description reflects management’s assignment of essential functions; it does not prescribe or restrict the tasks that may be assigned. Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time.
Qualifications
KEY SKILLS, KNOWLEDGE AND ABILITIES:
• Strong knowledge of the laws applicable to money laundering, to include the BSA, AML, USA PATRIOT Act, and OFAC requirements
• Experience with Private Wealth Management products and services such as broker-dealers, investment management, trust and foreign exchange is highly preferred
• Outstanding written and verbal communication skills
• Strong analytical and problem solving skills
• Excellent skills in preparing executive level presentations
• Proficient in Microsoft Office programs, including Excel, Word, and Outlook
• Attentive to detail, adaptability, and flexibility
• Proficient in qualitative and quantitative research methodologies for assessing inherent risk, control effectiveness, and residual risk
• Punctuality as well as the ability and drive to complete tasks on time
• Independently takes initiatives with minimum request and direction, be a self-starter, and have strong organizational skills
• Ability to multi-task and successfully respond to multiple priorities
• Team player and furthers First Republic Bank (FRB)’s culture and values
• Understanding of various FRB’s systems and data is highly preferred.
MENTAL/PHYSICAL REQUIREMENTS:
• The ability to learn and comprehend basic instructions; understand the meanings of words and respond effectively; and perform basic arithmetic accurately and quickly.
• Vision must be sufficient to read data reports, manuals and computer screens.
• Hearing must be sufficient to understand a conversation at a normal volume, including telephone calls and in person.
• Speech must be coherent to clearly convey or exchange information, including the giving and receiving of assignments and/or directions.
• Position involves sitting most of the time, but may involve walking or standing for brief periods of time.
• Must be able to travel as position requires.
• May be required to lift 25-50lbs.