Anti-Money Laundering Compliance Director

CVS Health   •  

Northbrook, IL

Industry: Biotech/Pharma


11 - 15 years

Posted 389 days ago

This job is no longer available.

Position Summary:
The Director, Anti-Money Laundering Compliance is responsible for Bank Secrecy Act and Anti-Money Laundering (BSA/AML) compliance program management and leadership of the AML team which consists of 4 direct reports. The AML leader will:
*Manage a system of controls to ensure compliance with applicable regulatory requirements and internal policies and procedures
* Escalate AML-related concerns to CCO, VP Compliance and/or AML Committee
* Ensure proper preparation and review of Suspicious Activity Reports (SARs)
* Ensure SARs have been filed properly with the appropriate governmental agencies
* Lead AML self risk assessment and ensure implementation of related recommendations
* Review and update policies and procedures as required
* Provide oversight and input for AML Compliance training
* Develop strategies and procedures to streamline compliance operations
* Maintain records as required by the BSA
* Participate on and provide input to AML Committees
* Deliver various operational reports reflecting status and volume to management, Committees and/or CCO and VP Compliance
* Periodically present program status to Audit Committee
* Monitor geographical trends and regulatory changes in order to make appropriate recommendations for program changes commensurate with risk
* Respond to requests from law enforcement, government agencies, external auditors, and internal requests including but not limited to the CCO, VP Compliance, AML Committees
* Involve appropriate internal partners (Loss Prevention, Legal, Finance, etc)
* Develop and report on key AML metrics
* Manage the AML team which consists of 4 direct reports (AML Analysts, Consultants, Lead Coordinators)
* Other duties as needed to support the AML Compliance program

The successful candidate will possess the following skills:
* Ability to handle multiple projects simultaneously, prioritize projects and direct the work of others
* Ability to build relationships, foster collaboration and influence others across various departments and lines of
* Capable of interacting with all levels of management
* Ability to anticipate, identify and resolve issues before they escalate
* Ability to work with confidential and sensitive matters with a high degree of professionalism and discretion on all levels
* Organized, detail oriented and able to handle a heavy workload
* Ability to work independently and in a team atmosphere while completing difficult assignments with minimal direct supervision
* Effectively and efficiently respond to time-sensitive requests from all levels and departments within the organization
* Excellent oral and written communication skills

Required Qualifications:
* Minimum of 10 years of Anti-Money Laundering Compliance experience or related experience
* Prior experience reading, interpreting and implementing regulations
* Prior team leadership, coaching, mentoring and team development experience

Preferred Qualifications:
* Retail Money Service Business Anti-Money Laundering experience a plus
* Banking Anti-Money Laundering experience preferred
* Previous experience managing staff within an AML/Compliance organization preferred
* Previous experience with inter-departmental coordination and collaboration including business operations and Legal preferred
* Experience in completing due diligence using Lexis/Nexis or Accruint a plus
* Certified Anti-Money Laundering Specialist (CAMS) designation highly preferred
* MBA and/or J.D. preferred

Bachelor's degree or equivalent years of related professional work experience in combination with years of education in lieu of a degree.

Business Overview:
CVS Health, through our unmatched breadth of service offerings, is transforming the delivery of health care services in the U.S. We are an innovative, fast-growing company guided by values that focus on teamwork, integrity and respect for our colleagues and customers. What are we looking for in our colleagues? We seek fresh ideas, new perspectives, a diversity of experiences, and a dedication to service that will help us better meet the needs of the many people and businesses that rely on us each day. As the nation’s largest pharmacy health care provider, we offer a wide range of exciting and fulfilling career opportunities across our three business units – MinuteClinic, pharmacy benefit management (PBM) and retail pharmacy. Our energetic and service-oriented colleagues work hard every day to make a positive difference in the lives of our customers.

CVS Health is an equal opportunity employer. We do not discriminate in hiring or employment against any individual on the basis of race, ethnicity, ancestry, color, religion, sex/gender (including pregnancy), national origin, sexual orientation, gender identity or expression, physical or mental disability, medical condition, age, veteran status, military status, marital status, genetic information, citizenship status, unemployment status, political affiliation, or on any other basis or characteristic prohibited by applicable federal, state or local law. CVS Health will consider qualified job candidates with criminal histories in a manner consistent with federal, state and local laws. CVS Health will not discharge or in any other manner discriminate against any Colleague or applicant for employment because such Colleague or applicant has inquired about, discussed, or disclosed the compensation of the Colleague or applicant or another Colleague or applicant. Furthermore, we comply with the laws and regulations set forth in the following EEO is the Law Poster: EEO IS THE LAW and EEO IS THE LAW SUPPLEMENT

Job ID: 719300BR