Director FCRM Investigations & Monitoring Operations
Company: The Bancorp, Inc.
Posted on: May 16, 2022
This position report directly to the Managing Director Head of FCRM
Planning and Operations.
Lead one of the most critical and dynamic functions within the
Bank. Be a part of the division that prevents, detects and
mitigates AML risk across the firm and its fintech partners.
Collaborate with compliance, legal, and regulatory professionals to
provide day-to-day guidance and oversight on Transaction Monitoring
and AML Investigations across all lines of business. Looking for
innovative thought leaders in the fintech space who can manage and
execute against The Bancorp's unique position within the industry,
with a large globally dispersed support team and key stakeholders
within and outside the Bank. Interface with a wide spectrum of
business partners ranging from Challenger banks, Fintech firms,
Networks, and Payment industry leaders. Liaise with regulatory
agencies to ensure appropriate presentation of the team's and the
Bank's achievements in regular reviews, periodic visitations or
audit meetings. Looking for dynamic leaders with technological
savvy and proven experience in managing large teams, and the
ability to scale operations while ensuring AML Compliance as the
Bank grows rapidly with very innovative products and services.
Looking for those who can execute with a broad team under time
pressure in a dynamic environment.
Provides day-to-day operational oversight, management and guidance
to the teams performing Suspicious Activity Monitoring (SAM),
Surveillance, AML Investigations and SAR Reporting. Provides
operational leadership in ensuring AML Compliance related
production keeps pace with business growth, regulatory changes or
other demands for transaction monitoring and investigations.
Ensures high quality in AML Compliance production, through
adherence to operational procedures for the Bank in accordance with
BSA/AML program laws and regulations. Develops and executes a
workforce plan to meet business goals. Interviews, hires, sets high
performance standards and manages team performance in accordance
with all applicable HR policies and procedures. Operates as a
Change Agent in ensuring continuous performance improvement through
leveraging various tools and techniques such as Six Sigma, BPR,
Lean, Kaizen etc. Develops and maintains management reporting,
regulatory/audit communication, monitoring and tracking of program
issues. Delivers enterprise executive summaries of activities,
actions, controls and remediation projects for the function.
Oversees criteria for department-related metrics and use management
reporting to evaluate the effectiveness of the Transaction
Monitoring and Investigations SAR Reporting program. Develops close
working relationships with business leaders, International and
Compliance officers, and others to advance the AML programs a whole
and transaction monitoring/SAR filing in specific within the
organization. Maintains awareness of Financial Crimes related laws
and regulations with a focus on fintech, challenger/neo banks,
pre-paid and retail banking industry, pending rules and regulatory
changes, etc. Provide guidance as required for surveillance,
anti-fraud activities, AML Investigations or SAR processes to the
relevant FCRM and LOB teams. Enhances the transaction monitoring
systems used such as: Actimize, SAS reporting, BOBJ reporting, etc.
Partners with Systems Intelligence and Technology teams in
developing innovative surveillance or monitoring net approaches.
Leads other BSA/AML operational control related initiatives and
projects. Supports the Head of Financial Crimes Risk Management
(FCRM) Planning and Operations in overall coverage of the AML
Program as it applies to these teams and the functions they
support. Performs other duties as assigned.
- Undergraduate degree in a related field or an equivalent
combination of training and experience.
- Ten years AML/Sanctions transaction monitoring and KYC systems
experience, including five years leadership with demonstrated
ability to motivate and manage a large team.
- Previous operations management experience to support production
in a rapidly growing and dynamic industry.
- In-depth knowledge of SAR filing, Investigations reporting,
Transaction Monitoring or Fraud monitoring in the banking/prepaid
- Deep understanding of key fintech/prepaid business and
overarching program initiatives to integrate business, legal and
- Excellent verbal, written, and interpersonal communication
skills with the proven ability to professionally interface with
senior executives, business unit management and staff.
- Ability to manage a team with multiple and/or shifting
priorities and produce professional and accurate work, sometimes
under time constraints.
- A team player able to work effectively in a fast-paced team
- Proficient in Microsoft Office suite, e.g. Excel, PowerPoint,
- Proficient in Actimize or other automated transaction
- Technically proficient, with understanding of AI, Machine
Learning or Predictive Modeling in the AML space.
- Less than 10 percent of travel expected.
Background & EEO Statement
Employment with The Bancorp includes successfully passing a
background check including credit, criminal, education, employment,
OFAC, and social media background history.
The Bancorp is an EQUAL OPPORTUNITY EMPLOYER and will not
discriminate on the basis of race, color, religion, gender, gender,
identity, sexual orientation, pregnancy, citizenship, national
origin, age, disability, genetic information, veteran status or
other protected category with respect to recruitment, hiring,
training, promotion, and other terms and conditions of
Keywords: The Bancorp, Inc., Wilmington , Director FCRM Investigations & Monitoring Operations, Executive , Wilmington, Delaware
Didn't find what you're looking for? Search again!