BSA/AML Enhanced Due Diligence Manager - Salt Lake City, Phoenix, Las Vegas

Zions Bancorporation is one of the nation’s premier financial services companies operating as a collection of great banks under local brands and management teams in high-growth western markets. Zions is regularly recognized by American Banker as one of the “Best Banks to Work For” and as having a top banking team in its list of “The Most Powerful Women in Banking.” Our customers consistently vote us as the best bank in our local markets. We value our employees, and we are committed to search out, recognize and create fulfilling opportunities for outstanding people within our organization, rewarding them for their contributions to our success. We recognize that banking is a “local” business, and that to be successful, we must have very strong ties to the communities we serve and strong relationships with our customers.

With benefits starting on day one, paid bank holidays, profit sharing and company-matched 401(k) contributions, Zions is dedicated to being an employer of choice in our communities. At Zions, the possibilities are endless. You bring the talent; we bring the opportunity.

We are currently seeking a BSA/AML Enhanced Due Diligence Manager to join our team.  This position will be in office, located in Salt Lake City, Utah, Las Vegas, Nevada, or Phoenix, Arizona areas.   

Responsibilities:

·        Responsible for managing a team of Enhanced Due Diligence (EDD) analysts responsible for scheduled EDD reviews and KYC/CDD customer screening.

·        Manage team of EDD analysts assisting in the onboarding of new high-risk customer relationships.

·        Oversee the Credit Investigations team responsible for EDD on commercial loans.

·        Interacts with internal auditors and external regulators.

·        Partners with various business lines across all divisions to ensure risk management efforts adhere to the Company’s risk appetite framework.

·        Compiles and reports key monthly metrics for all EDD work products.

·        Manage processes and procedures to ensure compliance with BSA/AML regulations.

·        Support various areas within the Financial Intelligence Unit (FIU) with enhancement and efficiency projects as well as with strategic planning efforts (whether technological or operational).

·        Test various aspects of the compliance monitoring systems to ensure proper functioning.

·        Develop and conduct training for first and second lines of defense.

·        Escalate identified risks to FIU leadership up to and including the BSA Officer.

·        Identify department efficiencies while ensuring investigations are conducted to meet regulatory expectations.

·        Keeps current on regulatory expectations and requirements related to the Bank Secrecy Act and other related regulations.

·        Establish and assess service level agreements (SLAs) based upon case load.

·        Reporting, tracking and assigning work inventory to ensure established SLAs are met.

·        Responsible to hire, fire, employee performance and development.

·        Other duties as assigned.

Qualifications:

·        Requires a bachelor's degree in Intelligence Studies, Accounting, Finance or related field and 4+ years of Bank Secrecy Act and/or AML compliance processes, procedures and regulations or other directly related compliance experience. Financial crime investigation experience preferred. A combination of education and experience may meet requirements.

·        Relevant Professional Certification: Association of Certified Anti-Money Laundering Specialists (ACAMS), Associate of Certified Fraud Examiners (ACFE) or Association of Certified Financial Crime Specialists (ACFCS) is a plus.

·        Management/Leadership experience required.

·        Advanced knowledge of BSA/AML Compliance as it applies to suspicious activity for money laundering, terrorist financing and fraud, AML and terrorist financing Red Flags for various suspicious transaction activities, regulatory changes as they pertain to the BSA and USA PATRIOT Act, BSA/AML processes and effects downstream (and upstream).

·        Strong understanding of complex financial transactions, business relationships and between business entities.

·        Must have a high degree of analytical skills, customer service, communication skills, both verbal and written.

·        Ability to manage deadlines, be organized, detail-oriented and complete responsibilities with a high degree of accuracy.

·        Ability to meet performance expectations including Service Level Agreements.

·        Advanced knowledge of the following: AML/BSA Regulatory compliance processes and procedures pertaining to the Bank Secrecy Act and USA PATRIOT Act.

·        Strong understanding of bank operations as it relates to the flow of funds through financial institutions, high risk business entities and the inherently higher risk to the bank for high-risk customers.

·        Understand the classifications of High-Risk Entities as defined by the bank.

·        Ability to share that information with the team for investigation referrals.

·        Excellent problem resolution skills.

·        Ability to be an independent thinker.

·        Ability to handle confidential, delicate and/or sensitive information or situations

·        Demonstrated computer skills including typing, Word, and Excel.

Benefits: 

·        Medical, Dental and Vision Insurance - START DAY ONE! 

·        Life and Disability Insurance, Paid Parental Leave and Adoption Assistance

·        Health Savings (HSA), Flexible Spending (FSA) and dependent care accounts

·        Paid Training, Paid Time Off (PTO) and 11 Paid Federal Holidays, and any applicable state holidays

·        401(k) plan with company match, Profit Sharing, competitive compensation in line with work experience

·        Mental health benefits including coaching and therapy sessions