Centier Bank

AML/CFT Officer

Centier Bank • $75K — $95K *
Merrillville, IN 46410In-Person
Finance & Insurance
8 - 10 years of experience
Today
Be an Early Applicant
Job Overview by Ladders

Qualifications

  • College degree required.
  • Minimum 10 years of AML/CFT Compliance experience in a multi-billion-dollar institution.
  • At least 5 years of management experience.
  • CAMS certification preferred.
  • Proficiency in AML/CFT automated software systems, preferably Verafin.

Responsibilities

  • Manage and enforce the AML/CFT compliance program.
  • Ensure all business units adhere to AML/CFT/OFAC policies.
  • Utilize technology to generate reports identifying suspicious activities.
  • Oversee timely SAR recommendations and filings.
  • Maintain updated knowledge of AML/CFT and OFAC regulations.
  • Ensure new bank products align with AML/CFT compliance expectations.
  • Supervise the customer due diligence process and manage risk ratings.

Benefits

  • Opportunity for professional development and training.
  • Engagement with board-level training on compliance strategies.
  • Collaborative work environment with regulatory authorities.
  • Access to advanced technology resources for compliance management.
Full Job Description
Supervisory Responsibilities: This position supervises the AML/CFT function. In addition, this role will recruit, train, and hire experts in AML/CFT, OFAC/Sanctions, and USA Patriot Act Compliance.

Summary: Manage Centier's AML/CFT Compliance, and OFAC/SANCTIONS Compliance. This will include annual board training and reporting, as well as managing the bank's AML/CFT risk assessment. Will interact and assist the bank during regulatory exams, manage SARs and system red flags.

Essential Duties and Responsibilities:
  • Maintain and manage a strong and effective AML/CFT program
  • Ensure that business units are in compliance with all AML/CFT/OFAC/SANCTIONS policies and procedures.
  • Leverage technology to create red flag reports that will enable the bank to identify suspicious activity for AML compliance purposes.
  • Manage recommendations and filing of SARs as appropriate within the defined period of time as set forth by the regulation.
  • Maintain a requisite knowledge of USA Patriot Act, AML/CFT rules, OFAC/Sanctions requirements, US Treasury and FinCEN reporting requirements.
  • Ensure that new products and initiatives of the bank meet AML/CFT regulatory expectations.
  • Manage applicable reporting processes including SAR and CTR filings, and OFAC/Sanctions inquiries.
  • Oversee testing and assurance of an effective Customer Identification Program (CIP), CDD and EDD.
  • Manage the customer due diligence (CDD) process and ensure the operation of an effective customer risk rating process. Manage and develop enhanced due diligence (EDD) strategies for high-risk customers, coordinating account closure recommendations.
  • Annually train the Board of Directors on AML/CFT Compliance.
  • Ensure that all employees are trained on AML/CFT and OFAC/Sanctions on an annual basis.
  • Work effectively with regulators in completion of exams in relation to AML/CFT matters.
  • Other duties as assigned.


Knowledge, Skills, and Abilities:
  • Focus, attention to detail, and problem-solving skills are required.
  • A demonstrable history of good management, career development, and coaching skills.
  • Ability to delegate appropriately and decision effectively.
  • Proficient in Microsoft Word and Excel.
  • Excellent interpersonal, oral, and written communication skills.
  • Excellent decision-making ability.
  • Strong organizational skills.
  • Ability to handle confidential information in a professional manner.
  • Ability to be adaptable and flexible while responding to deadlines on assignments and workflow fluctuations.
  • Ability to manage and conduct logical investigations.
  • Ability to work effectively in a multi-task, high-volume environment.
  • Self-motivated and results oriented.
  • Solid understanding of banking or financial business operations and systems.


Minimum Qualifications:
  • College degree required.
  • 10+ years' AML/CFT Compliance experience with a multi-billion-dollar institution.
  • 5+ years' Management experience.
  • CAMS certification preferred.
  • Proficiency with AML/CFT automated software systems and processes; experience with Verafin AML/CFT/AM software preferred.


What do I do now?
  • Apply with us!
  • Refer this opening to others!


About Centier Bank

Centier Bank is a family-owned and managed financial institution that has been serving the people of Indiana for over 125 years. The bank offers a wide range of personal and business banking services, including checking and savings accounts, loans, mortgages, and investment services. Centier Bank is committed to providing its customers with the highest level of service and support, and has been recognized as one of the best places to work in Indiana. The bank is also committed to giving back to the communities it serves, and supports a wide range of charitable organizations and initiatives.
Learn more about Centier Bank
Size
1,000 employees
Industry
Finance & Insurance
Net Income
$50 million
5 Year Trend
+5%
Revenue
$2 billion
NASDAQ
* Ladders Estimates

Similar Jobs

Ad banner background

Get Ready For Your
Next Interview

More Jobs at Centier Bank

  • Centier Bank
    AML/CFT Officer
    $75K — $95K *
    Merrillville, IN 46410 (Lake County)
    Today
    Finance & Insurance
    In-Person

More Finance & Insurance Jobs

Find similar AML/CFT Officer jobs:

NationwideMerrillville, IN