Anti-Money Laundering Specialist

Job Description The primary responsibility of this role is to establish a strategic vision of the clients Savings Bank's (TFSB) Anti-Money Laundering (AML) and Office of Foreign Asset Control (OFAC) programs. Oversee the implementation of AML and OFAC programs for TFSB's first and second lines of defense Participate in and support the development, enhancement, and implementation of the Compliance Management System (CMS) Ensure compliance with applicable local, state, and federal laws, rules, and regulations What You'll Be Doing Strengthen and lead the development of BSA/AML program elements to support the growth of the bank Enhance controls to prevent and detect potential money laundering activity Implement client risk rating methodologies Manage 3rd party oversight Oversee Know Your Customer (KYC) programs Coordinate and monitor day-to-day BSA/AML compliance Manage all aspects of the BSA/AML compliance program, including compliance with BSA regulatory requirements Lead BSA/AML/OFAC risk assessments for new and enhanced products and services enterprise-wide Evaluate inherent risk and exposure Assess control environment and required control enhancements Ensure third-party service providers comply with BSA/AML and OFAC requirements Serve as the BSA/AML/OFAC SME on enterprise-wide programs and projects Provide day-to-day leadership to BSA/AML/OFAC team members Develop and conduct training for business lines on fraud and AML suspicious activity typologies Escalate identified risks to leadership, including the Chief Compliance Officer and Board of Directors Stay current on regulatory expectations related to the Bank Secrecy Act and other applicable regulations Collaborate with TFSB and affiliate fraud departments to ensure consistent compliance with BSA requirements Requirements What You Bring Four-Year College Degree (BA or BS) Relevant work experience in a similar field and/or industry Experience with BSA/AML financial crimes investigations including: Money laundering Identity theft Terrorist financing Red flags for transaction activities Fraud Experience providing leadership, development, and strategic direction as a team leader Experience interacting successfully with state and federal banking regulators Added Bonus If You Have Advanced Degree Professional certifications such as: ACAMS (Association of Certified Anti-Money Laundering Specialists) ACFE (Association of Certified Fraud Examiners) ACFCS (Association of Certified Financial Crime Specialists) Certified Regulatory Compliance Manager Experience with regulatory compliance processes related to: Bank Secrecy Act / USA Patriot Act Office of Foreign Assets Control (OFAC) Program development and maintenance