Experienced Full Stack FIU Director – Customer Risk Management (Remote)

At arenaflex, we're committed to helping our customers move forward by providing innovative financial solutions and exceptional customer service. As a leader in the financial industry, we're dedicated to fostering a culture of trust, integrity, and excellence. Our team members are the backbone of our organization, and we're passionate about empowering them to achieve their full potential. We're seeking an experienced and highly skilled FIU Director – Customer Risk Management to join our team. As a key member of our Financial Intelligence Unit (FIU), you'll play a critical role in ensuring the integrity of our financial systems and protecting our customers from financial crimes. If you're a seasoned professional with a passion for risk management and a commitment to excellence, we want to hear from you.

Job Summary:

As an FIU Director – Customer Risk Management, you'll be responsible for leading our Customer Risk Management program, ensuring compliance with regulatory requirements, and identifying and mitigating potential risks. You'll work closely with our FIU management team, business lines, and other stakeholders to develop and implement effective risk management strategies. Your expertise will be essential in maintaining the trust and confidence of our customers, regulators, and stakeholders.

Key Responsibilities:

* Design and implement BSA/AML related customer risk program elements to support the identification and oversight of higher risk activities throughout the company

• Maintain expertise in all industry segments, product types, and services generally considered high risk from a BSA/AML perspective
• Manage the unit workflow and ensure duties of staff are performed as expected; conduct periodic quality control reviews to ensure high-risk reviews are properly documented and unusual activity referrals are generated as warranted
• Collaborate with colleagues across the company, including the FIU management team, to protect arenaflex's interests and advise the business lines on BSA/AML risk mitigation strategies
• Develop tools and methodologies to analyze, assess, and monitor customer risk, contribute to key regulatory initiatives, and report on customer risk exposures and metrics to enable an informed and strategic decision-making process
• Maintain working knowledge of correspondent banking, including Wolfsberg and FATF oversight and monitoring requirements as applicable; manage the monitoring of downstream bank customer activity to ensure appropriate risk classification, oversight, and the identification of unusual activity
• Monitor the regulatory environment and industry trends to stay abreast of emerging risk
• Responsible for the identification, tracking, risk classification, and review of all relationships/accounts designated by the bank as high or potentially higher risk, as defined by regulatory guidance, the bank's risk assessment, and/or policy
• Maintain records related to all higher-risk groups for use in assessing risk and required regulatory reporting
• Perform up-front due diligence and continued oversight of complex high-risk relationships
• Ensure performance of risk-based periodic reviews of high-risk relationships
• Develop, implement, and maintain written procedures to support the functions performed in the Customer Risk unit
• Manage, in collaboration with the FIU Systems and Technology unit, the Customer Risk elements of the bank's transaction monitoring platform
• Process requests for information related to audits and examinations
• Prepare and deliver training materials to impacted staff as needed or assigned
• Assist in projects as may be assigned related to BSA/AML and OFAC
• Act as a technical resource for the various business lines for matters pertaining to higher-risk activities, industries, customers, and relationships
• Escalate activity that meets the established criteria for investigating suspected fraudulent or problem accounts
• Maintain proficiency in all aspects of BSA/AML compliance
• Adhere to all provisions of arenaflex policies and procedures, including the confidentiality policy, code of ethics, and BSA/AML/OFAC policies and procedures

Essential Qualifications:

* Bachelor's degree preferred

• Minimum 7-10 years of related senior-level BSA/AML experience in the financial services industry; preference given to experience in a mid-size tier or larger financial institution
• Experience managing people and projects
• Experience conducting investigations and enhanced due diligence at an advanced level
• Extensive experience with complex commercial structures
• Experience with private capital, payments, trade finance, international banking a plus
• Experience monitoring, reviewing, and analyzing account activity in order to identify unusual or suspicious activity
• Certifications/Specific Knowledge:

+ Certified Anti-Money Laundering Specialist (CAMS) and/or other professional BSA/AML-related certification preferred + In-depth knowledge of BSA/AML regulations related to monitoring of higher-risk customer relationships + Strong understanding of bank operations, including but not limited to navigating banking systems, understanding teller transactions, and interpreting customer transactions + In-depth knowledge of and expertise in all industry segments, products, and services classified as higher risk by any regulatory agency or prudential regulator; proficiency in the requirements of CIP, IDV, CDD, EDD, and beneficial ownership to ensure compliance under the regulations as they pertain to the Bank Secrecy Act, USA PATRIOT Act, and other relevant statutes, regulations, or guidance

Preferred Qualifications:

* Advanced degree in a related field

• Experience working in a remote or virtual environment
• Strong analytical and problem-solving skills
• Excellent communication and interpersonal skills
• Ability to work in a fast-paced environment and adapt to changing priorities
• Experience with project management tools and software

Work Environment:

* This is a remote position, and you will be required to work from home with a secure and dedicated workspace

• You will be expected to maintain a reliable private internet connection and adhere to arenaflex's remote work policies
• Travel may be required for attendance at meetings as needed

Compensation and Benefits:

* Competitive salary range: $113,320.00 - $181,018.00

• Comprehensive benefits package, including medical, dental, and vision insurance
• 401(k) retirement plan with company match
• Paid time off and holidays
• Opportunities for professional growth and development

How to Apply:

If you're a motivated and experienced professional with a passion for risk management, we encourage you to apply for this exciting opportunity. Please submit your resume and a cover letter outlining your qualifications and experience. We look forward to hearing from you! Apply Job! Apply to this Job Apply for this job