AML/CFT Compliance Manager, AVP

Northern BankWoburn, MA

$100,000 - $140,000 / year

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Overview

Schedule

Full-time

Career level

Director

Remote

On-site

Compensation

$100,000-$140,000/year

Job Description

SUMMARY/OBJECTIVE:The AML/CFT Compliance Manager oversees operations within the second line of defense. The AML/CFT Compliance Manager is responsible for the day-to-day workflow management of the AML/CFT Compliance Department, including but not limited to the functioning of the bank’s Anti-Money Laundering (AML) program, Countering the Financing of Terrorism (CFT) program, reporting under the Bank Secrecy Act (BSA), and the bank’s sanctions compliance program. The second line of defense provides a credible review and challenge for the Bank’s first line Financial Crimes Program, while providing guidance to bank departments on inquiries relating to AML/CFT and sanctions compliance. This is a full-time, 100% on-site position at our Woburn, MA office.ESSENTIAL FUNCTIONS:

Review reports from the Financial Crimes Department regarding suspicious activity. Provide recommendation to the Head of AML/CFT Compliance whether specific circumstances require a filing of a Suspicious Activity Report (SAR).
Primary oversight of the bank’s quality control (QC) program relating to transaction monitoring alerts and cases; providing feedback to Financial Crimes management monthly.
Monitor the timely and accurate filing of the Bank’s SARs and Currency Transaction Reports (CTRs)
Partner with the business managers on AML/CFT concerns and opportunities to improve processes or review controls.
Review and update AML/CFT department procedures as needed.
Collaborate with Head of AML/CFT Compliance for external audits, regulatory examinations, and risk assessments as required.
Keep abreast of developments in emerging AML/CFT risks, AML regulations, and regulatory agency guidelines; support the development of necessary enhancements to Northern Bank's programs.

JOB QUALIFICATIONS:

In depth knowledge of the Anti-Money Laundering, Countering Financing of Terrorism and sanctions compliance; strong analytical and decision-making skills; organizational skills; AML transaction monitoring software
Minimum 5-8 years of experience in AML/CFT compliance; Minimum 1-3 years of supervisory or management experience.
Bachelor’s Degree: CAMS and/or CFE certification (or willingness to obtain certification(s)) is highly desired
Self-starter with initiative and intellectual curiosity
Excellent communication skills
Detail-oriented

The annual salary range for the AML/CFT Compliance Manager is $100,000 - $140,000 per year.

About Northern Bank & Trust Company

Northern Bank is a full-service bank dedicated to providing practical, common sense financial solutions to help our customers live their lives and grow their businesses. From deposit products to loans to payment and collections services, we work hands-on with our entrepreneurial customers, both locally and across the country, to provide the financial support they need to realize their personal and business goals. Founded in 1960, Northern Bank has assets of over $3 billion with 12 locations serving communities throughout Middlesex County. Northern Bank is a Member of the FDIC, and an Equal Housing Lender. For more information on online banking services, please visit www.NBTC.com or follow Northern Bank on Facebook (/NorthernBankM A/), Twitter (@northernbankma), Instagram (@northernbankma) and LinkedIn (company/northern-bank-ma/).

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FAQs About AML/CFT Compliance Manager, AVP Jobs at Northern Bank

What is the work location for this position at Northern Bank?

This job at Northern Bank is located in Woburn, MA, according to the details provided by the employer. Some roles may also include multiple work locations depending on the requirement.

What pay range can candidates expect for this role at Northern Bank?

Candidates can expect a pay range of $100,000 and $140,000 per year.

What employment applies to this position at Northern Bank?

Northern Bank lists this role as a Full-time position.

What experience level is required for this role at Northern Bank?

Northern Bank is looking for a candidate with "Director" experience level.

What is the process to apply for this position at Northern Bank?

You can apply for this role at Northern Bank either through Sonara's automated application system, which helps you submit applications 10X faster with minimal effort, or by applying manually using the direct link on the job page.