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Vice President, Deputy Head of Financial Intelligence Unit

Job Description

Vice President, Deputy Head of Financial Intelligence Unit – Long Island City, New York

As the Vice President (“VP”), Deputy Head of Financial Intelligence Unit (“FIU”), the incumbent is responsible for assisting the First VP (“FVP”), Head of FIU with the oversight and operation of the  FCC sub-unit within Apple Bank for Savings (the “Bank”). The FIU acts as a primary subject matter expert (“SME”) concerning transaction monitoring, suspicious activity detection and reporting used to support BSA/AML and OFAC/Sanctions compliance across the Bank. 

Specifically, the VP, Deputy Head of FIU is a senior lead SME on regulatory requirements applicable to BSA/AML/USAPA suspicious activity detection and reporting requirements. This position is responsible for assisting with the oversight of a significant staff of managers, analysts and  investigators. The position also requires the ability to lead transformational and ad-hoc projects as required, within the FIU, FCC and in conjunction with staff across the Bank as may be necessary. 

The incumbent is charged with working with the FVP, Head of FIU and the BSA Officer in the development of the Suspicious Activity Transaction Monitoring program and implementing  procedures, processes and identifying opportunities for efficiencies. Additionally, the incumbent will  be expected to understand and make ongoing recommendations regarding on-going risk  management strategies based upon FIU Investigation/reviews.  

Essential Duties:  

  • Serving as the backup to the FVP, Head of FIU, in his/her absence. 
  • Providing direction to FIU Managers (Team Leaders) and assigned staff responsible for conducting complex transactional analysis and investigation reviews for all customer client types.  
  • Implementing high quality standards and processes to ensure timely completion of all FIU assigned responsibilities, including Suspicious Activity Reports (“SARs”) and Currency  Transaction Reports (“CTRs”). 
  • Ensuring all FIU processes and procedures align with Bank policy and industry best practices. ∙ Supporting FCC involvement with new products and delivery channels including identifying FCC requirements, assessing FCC risks, and reviewing partner documentation. 
  • Assisting with the coordination of major annual and ad-hoc projects. Reviewing and assuring  quality control measures and standards are incorporated into FIU assigned areas of oversight.
  • Providing compliance risk and data analysis expertise to BSA/AML/USAPA/OFAC compliance projects, business projects and other initiatives.
  • Working with the FCC Systems Unit and making recommendations for enhancements to the transaction monitoring program. 
  • Assisting with the coordination of responses to external regulators and internal auditors.
  • Maintaining a high degree of knowledge of appropriate BSA/AML and OFAC laws and regulations, including regulatory updates and industry best practices.  

Additional Duties:  

  • Escalating identified BSA/AML/OFAC risks to the FVP, Head of FIU. 
  • Displaying a high level of professional aptitude and standards. 
  • Recommending improvements to process in areas of efficiency, control, and work product. ∙ Participating in committee meetings as necessary. 
  • Ad-hoc and project support responsibilities, as required. 

Skills and Qualifications:  

  • Minimum 5 years of experience in banking compliance, with a strong emphasis on BSA/AML regulations and requirements preferred. 
  • An undergraduate degree is required and a professional certification is a plus.  ∙ Ability to interact with all levels of management, including the Board of Directors. ∙ Ability to manage resources and competing priorities, and strong problem-solving skills.
  • Excellent verbal, written, and interpersonal communication skills. 
  • A team player able to work effectively in a team-fostered, multi-tasking environment. 

Apple Bank offers Medical, Dental, Vision, 401k, Tuition Reimbursement and more, to full   time employees. 

We are an equal opportunity employer and do not discriminate on the basis of race,  color, religion, sex, sexual orientation, gender identity, national origin, disability, military   and/or veteran status, or any other Federal or State legally-protected classes.

Job Requirements

 

Job Snapshot

Location US-NY-Queens
Employment Type Full-Time Employee
Pay Type Year
Pay Rate N/A
Store Type Other
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Company Overview

Apple Bank

From the remnants of the Civil War, a new America emerged. The country was shifting from an agrarian society to one that was more modernized, and various financial reforms compelled the formation of banks throughout the country. While many of those institutions have disappeared into history, Apple Bank continues to stand strong, tracing its roots to the founding bank that was established in 1863 in the Dutch community of Haarlem, New York. In prosperous Haarlem, a group of men committed to serve the financial needs of their neighbors under the auspices of the Haarlem Savings Bank. The Haarlem of that time would be unrecognizable today, with working farms and undeveloped lots dominating the landscape. In April 1863, these men convened at the Rosenbourgh Haarlem Bridge House, a tavern owned by one of the bank’s first trustees, to finalize paperwork that led to the bank opening its doors in June, about a month before the infamous draft riots tore apart the city. Learn More

Contact Information

US-NY-Queens

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Snapshot
Apple Bank
Company:
US-NY-Queens
Location:
Full-Time Employee
Employment Type:
Year
Pay Type:
N/A
Pay Rate:
Other
Store Type:

Job Description

Vice President, Deputy Head of Financial Intelligence Unit – Long Island City, New York

As the Vice President (“VP”), Deputy Head of Financial Intelligence Unit (“FIU”), the incumbent is responsible for assisting the First VP (“FVP”), Head of FIU with the oversight and operation of the  FCC sub-unit within Apple Bank for Savings (the “Bank”). The FIU acts as a primary subject matter expert (“SME”) concerning transaction monitoring, suspicious activity detection and reporting used to support BSA/AML and OFAC/Sanctions compliance across the Bank. 

Specifically, the VP, Deputy Head of FIU is a senior lead SME on regulatory requirements applicable to BSA/AML/USAPA suspicious activity detection and reporting requirements. This position is responsible for assisting with the oversight of a significant staff of managers, analysts and  investigators. The position also requires the ability to lead transformational and ad-hoc projects as required, within the FIU, FCC and in conjunction with staff across the Bank as may be necessary. 

The incumbent is charged with working with the FVP, Head of FIU and the BSA Officer in the development of the Suspicious Activity Transaction Monitoring program and implementing  procedures, processes and identifying opportunities for efficiencies. Additionally, the incumbent will  be expected to understand and make ongoing recommendations regarding on-going risk  management strategies based upon FIU Investigation/reviews.  

Essential Duties:  

  • Serving as the backup to the FVP, Head of FIU, in his/her absence. 
  • Providing direction to FIU Managers (Team Leaders) and assigned staff responsible for conducting complex transactional analysis and investigation reviews for all customer client types.  
  • Implementing high quality standards and processes to ensure timely completion of all FIU assigned responsibilities, including Suspicious Activity Reports (“SARs”) and Currency  Transaction Reports (“CTRs”). 
  • Ensuring all FIU processes and procedures align with Bank policy and industry best practices. ∙ Supporting FCC involvement with new products and delivery channels including identifying FCC requirements, assessing FCC risks, and reviewing partner documentation. 
  • Assisting with the coordination of major annual and ad-hoc projects. Reviewing and assuring  quality control measures and standards are incorporated into FIU assigned areas of oversight.
  • Providing compliance risk and data analysis expertise to BSA/AML/USAPA/OFAC compliance projects, business projects and other initiatives.
  • Working with the FCC Systems Unit and making recommendations for enhancements to the transaction monitoring program. 
  • Assisting with the coordination of responses to external regulators and internal auditors.
  • Maintaining a high degree of knowledge of appropriate BSA/AML and OFAC laws and regulations, including regulatory updates and industry best practices.  

Additional Duties:  

  • Escalating identified BSA/AML/OFAC risks to the FVP, Head of FIU. 
  • Displaying a high level of professional aptitude and standards. 
  • Recommending improvements to process in areas of efficiency, control, and work product. ∙ Participating in committee meetings as necessary. 
  • Ad-hoc and project support responsibilities, as required. 

Skills and Qualifications:  

  • Minimum 5 years of experience in banking compliance, with a strong emphasis on BSA/AML regulations and requirements preferred. 
  • An undergraduate degree is required and a professional certification is a plus.  ∙ Ability to interact with all levels of management, including the Board of Directors. ∙ Ability to manage resources and competing priorities, and strong problem-solving skills.
  • Excellent verbal, written, and interpersonal communication skills. 
  • A team player able to work effectively in a team-fostered, multi-tasking environment. 

Apple Bank offers Medical, Dental, Vision, 401k, Tuition Reimbursement and more, to full   time employees. 

We are an equal opportunity employer and do not discriminate on the basis of race,  color, religion, sex, sexual orientation, gender identity, national origin, disability, military   and/or veteran status, or any other Federal or State legally-protected classes.

Job Requirements

 
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