RCA Manager 3 - AML

at  US Bank National Association

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.

JOB DESCRIPTION

The candidate must have the knowledge and leadership capabilities to guide the Business Line (BL) 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 Risk 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 Risk Manager will provide oversight of BL and operational AML programs and assist with overall compliance for the Enterprise. The candidate will also provide oversight of issue management, reporting and risk assessments.

BASIC QUALIFICATIONS

• Bachelor’s degree, or equivalent work experience
• Typically 10+ years of applicable experience

PREFERRED SKILLS/EXPERIENCE

• Minimum 7 years of experience of financial crimes compliance at a large financial institution, regulatory or law enforcement agency
• Minimum 5 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 certification is favorably considered
• Considerable knowledge of applicable laws, regulations, financial services, and regulatory trends that impact business line, as well as understanding of business line operations, products/services, systems, and associated risks/controls
• 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
• Proven experience of interaction with regulators and auditor

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 BLs 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 financial crimes 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 as appropriate
• 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 BL procedures/training materials/guidance documents

Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That’s why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following (some may vary based on role, location or hours):

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Pregnancy disability and parental leave
• 401(k) and employer-funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by la