The Role:The AML/BSA Operations Manager is responsible for overseeing all operational components of the organization's Bank Secrecy Act (BSA), Anti-Money Laundering (AML), and Office of Foreign Assets Control (OFAC) compliance program. This role leads a team responsible for alert investigations, transaction monitoring, sanctions screening, customer due diligence (CDD/EDD), and regulatory reporting. The ideal candidate brings strong data and analytics skills to enhance program efficiency, optimize workflows, and support risk-based decision-making. The manager ensures full alignment with federal and state regulatory requirements while driving continuous process improvement.
Responsibilities:Operational Leadership- Oversee daily operations related to transaction monitoring, sanctions screening, and fraud/AML escalations.
- Develop and maintain standard operating procedures (SOPs) to ensure consistency, quality, and regulatory compliance.
Regulatory Compliance- Ensure the organization complies with all applicable BSA, AML, and OFAC regulations, guidance, and industry best practices.
- Oversee preparation and filing of Suspicious Activity Reports (SARs), Currency Transaction Reports (CTRs), and applicable OFAC reports.
- Maintain subject matter expertise on current and emerging regulatory changes and implement updates in operational processes.
- Support regulatory exams, audits, and independent testing by providing documentation, walkthroughs, and remediation plans.
Data & Analytics- Leverage strong data analysis skills to monitor program performance, identify trends, and provide actionable insights.
- Partner with data teams to enhance AML models, rules, and thresholds within transaction monitoring and sanctions systems.
- Develop dashboards, KPIs, and reports to monitor team and system effectiveness (e.g., alert volumes, clearance rates, SAR conversion, backlog risk).
- Conduct data-driven risk assessments and support periodic updates to the institution's BSA/AML risk profile.
Technology & Process Optimization- Evaluate existing systems and workflows to identify opportunities for automation and efficiency improvements.
- Collaborate with technology teams on system enhancements, model tuning, and implementation of new tools (e.g., case management platforms, analytics engines).
- Ensure data integrity and accuracy across AML systems and reporting.
Stakeholder Collaboration- Work closely with Compliance, Fraud, Operations, IT, and Product teams to ensure cohesive risk management practices.
- Provide training and guidance to internal teams to reinforce understanding of AML/BSA/OFAC requirements.
- Present program metrics, trends, and issues to senior leadership.
Qualifications:
Required- Bachelor's degree in Finance, Business, Criminal Justice, Data Analytics, or a related field.
- 5-7+ years of experience in AML/BSA compliance, including operational management.
- Deep knowledge of BSA, AML, OFAC regulations, industry standards, and regulatory expectations.
- Strong analytical skills with hands-on experience using data tools (e.g., SQL, Excel, Power BI, Tableau, or similar).
- Experience with transaction monitoring, sanctions screening, and case management systems.
- Proven leadership experience, including team development and performance management.
Preferred- CAMS, CAFP, CRCM, or similar certification.
- Experience working in financial institutions, fintechs, or payments organizations.
- Familiarity with model governance, machine learning-based detection systems, or tuning of AML scenarios.
The hiring range for this position is $140,000 to $160,000 per year. The base pay actually offered will take into account internal equity and also may vary depending on the candidate's job-related knowledge, skills, and experience, among other factors. A bonus and/or incentives may be provided as part of the compensation package, in addition to the full range of medical, dental, vision, 401k, and other benefits.
