FIU Governance Advisor

About Working at Commerce

Building a career here is more than just steps on a ladder. It's about helping people find financial safety and success, helping businesses thrive, and making sure people and their money are taken care of. And our commitment doesn't stop there. Our culture is about our people, the ones in our communities and the ones that work with us.

Here, you'll find opportunities to grow and learn, to connect with others, and build relationships with the people around you. You'll have the space and resources to grow into the best version of yourself. Because our number one investment is you.

Creating an award-winning culture doesn't come easy. And after 160 years, we know Commerce Bank is only at its best when our people are. If this sounds interesting to you, keep reading and let's talk.

Compensation Range

Annual Salary: $70,000.00 - $94,500.00 (Amount based on relevant experience, skills, and competencies.)

About This Job

The main purpose of this job is to ensure adherence to Bank Secrecy Act (BSA)/Anti-Money Laundering (AML)/Office of Foreign Assets Control (OFAC) and Fraud statutes and regulations and the Commerce Bank BSA/AML/OFAC and Fraud policies. Assure adherence to applicable regulations and business line policies and procedures. Review and analyze data to form conclusions and perform other tasks to positively impact regulatory outcomes.

Essential Functions

• Assist with updating and completing the annual Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) and Fraud Risk Assessment processes

• Assist in preparation for internal audits and regulatory examinations

• Foster and maintain relationships between Financial Intelligence Units (FIUs) and various lines of business whose products and policies have a direct impact on the bank's BSA/AML/Office of Foreign Assets Control (OFAC) and Fraud risk

• Develop and distribute impact analysis related to regulatory enforcement actions

• Manage and maintain FIUs adherence to 311 Special Measures guidance

• Acts as the Financial Investigations Unit (FIU) representative on issues related to the bank's front-end Enhanced Due Diligence (EDD) processes

• Perform Quality Control reviews on AML and Corporate Investigations cases that necessitate Suspicious Activity Report (SAR) filings, as needed

• Develop and perform Quality Control processes to ensure BSA/AML/OFAC and Fraud policies and procedures are being followed, as needed

• Assist in analyzing and updating Commerce's BSA/AML/OFAC and Fraud policies

• Assist in preparation of management reports, as needed

• Prepare and distribute statistical reports as needed or requested

• Assist with the development and review of bank-wide regulatory training as it pertains to BSA/AML/OFAC and Fraud

• Assist with the update of annual Board training as it pertains to BSA/AML/OFAC and Fraud

• Assist with the completion of annual Wolfsberg update and response to program verification requests from external relationships

• Perform other duties as assigned

Knowledge, Skills & Abilities Required

• Extensive knowledge of BSA/AML/OFAC and Fraud statutes/regulations/changes/trends and their potential impact on Commerce's BSA/AML/OFAC and Fraud policies

• Ability to work semi-independently, while also working in a team environment

• Excellent reading and comprehension skills

• Motivated and organized self-starter with strong attention to detail and the ability to manage multiple priorities

• Inquisitive, agile, and strong team player with excellent written, verbal, and interpersonal communication skills

• Ability to remain adaptable and resilient to all situations with an optimistic outlook and cast a positive shadow that is aligned with our culture and Core Values

• Intermediate level proficiency with Microsoft Word, Excel, Teams, and Outlook

Education & Experience

• Bachelor's degree in Audit/Accounting, Criminal Justice, or Business Administration or equivalent combination of education and experience required

• 3+ years banking and/or investigations experience in Compliance, Audit, Deposit Operations, or retail banking required

• 2+ years of BSA/AML/Fraud regulatory related experience with accountability for projects, programs, processes, or policies required

• Experience with FinTechs and emerging technologies preferred

• Certified Anti-Money Laundering Specialist (CAMS), Fraud Examiner (CFE), Association of Financial Crime Specialists (ACFCS), or similar certification preferred

Level of role is determined by knowledge, experience, skills, abilities, and education

• For individuals applying, assigned and/or hired to work in areas with pay transparency requirements, Commerce is required by law to include a reasonable estimate of the compensation range for some roles. This compensation range is for the FIU Governance Advisor II and Senior job and contemplates a wide range of factors that are considered in determining most appropriate job level and making compensation decisions, including but not limited to location, skill sets, education, relevant experience and training, licensure and certifications, and other business and organizational needs. The disclosed range estimate has not been adjusted for any applicable differentials (geographic, bilingual, or shift) that could be associated with the position or where it is filled. At Commerce, compensation decisions are dependent on the facts and circumstances of each situation. A reasonable estimate of the current base pay is $70,500 to $94,500 annually.

#LI-Hybrid

The candidate selected for this position may be eligible for the following employment benefits: employer sponsored health, dental, and vision insurance, 401(k), life insurance, paid vacation, and paid personal time. In addition, we offer career development, education assistance, and voluntary supplemental benefits. Click here to learn more.

Location: 811 Main St, Kansas City, Missouri 64105

Time Type:

Full time