Financial Investigations Unit Manager-Lead

Job Description :  Financial Investigations Unit Manager-Lead

Company :  Shermen Bank International (In Formation)

Location : Washington, D.C.

Reports to :  Chief BSA / AML Officer

Client Focus : Embassy, Consulate, and Foreign Mission Diplomatic Community

About Us

We are a specialized Edge Act Corporation, chartered by the Federal Reserve, dedicated to providing premier international banking and financial services. Based in Washington D.C., our primary focus is serving as the trusted financial partner to the diplomatic community, including embassies, consulates, foreign missions, and their affiliated organizations in the United States. We operate in a high-compliance, high-touch environment and are committed to the highest standards of regulatory excellence and client service.

Position Summary

The Financial Investigations Unit (FIU) Manager-Lead will be responsible for the AML & Sanctions Department's operational functions. The FIU Manager-Lead will manage a team whose activities include client onboarding, periodic reviews, name and payments screening, sanctions reviews, AML transaction monitoring, and fraud detection. This role reports to the Chief BSA / AML Officer / Head of Anti-Financial Crimes.

Core Responsibilities

This role covers the following responsibilities :

Manage the FIU team

Supervise and support daily activities including client onboarding-know your customer reviews, periodic and ad hoc reviews, customer risk scoring, name and payments screening, Office of Foreign Assets Control (OFAC) sanctions reviews, AML transaction monitoring and fraud detection

Support the team and work on transaction monitoring alerts, fraud alerts, case investigations, and suspicious activity report (SAR) and currency transaction report (CTR) filing, 314(a) and 314(b)

Assist in the updating of AML and Sanctions policies and procedures and other documentation

Produce metrics reporting for senior management

Create escalation reports for senior management

Assist in AML and Sanctions training across various groups / departments

Assist in the coordination of the BSA / AML & Sanctions Risk Assessment, Red Flags Coverage Assessment, and the Enterprise-Wide Risk Assessment process

Coordinate with regulators, auditors, and vendors regarding matters related to AML & Sanctions

Support the AML Model Analytics / Technology team in the tuning and testing of the AML & Sanctions Department's models and systems

Required Skills & Qualifications

We are looking for a versatile candidate who is hands-on and wants to work in a fast-paced, innovative, dynamic, and collaborative environment. Candidates for this role will have the following knowledge and experience :

5-8 years in an AML and Sanctions role with experience in client onboarding-know your customer reviews, periodic and ad hoc reviews, customer risk scoring, name and payment screening, Office of Foreign Assets Control ("OFAC") sanctions reviews, AML transaction monitoring and fraud detection, case investigations, SAR filing, and CTR filing

AML, Sanctions and Anti-Fraud team management experience or ready "to take the next step"

AML, Sanctions, and Anti-Fraud subject matter expertise

Experience in presenting to and meeting with auditors and regulators

Excellent knowledge of U.S. AML, OFAC Sanctions and Anti-Financial Crime regulatory rule framework and requirements

Knowledge and experience of the Embassy, Consulate and Mission ("ECM") business and transaction typologies

Creating and / or updating AML and Sanctions policies and procedures

Anti-Financial Crime model / platform end-to-end testing and supporting documentation

Creating and updating documentation that meets regulatory standards and expectations

Working on coverage assessments, BSA / AML & Sanctions risk assessments, and Enterprise-Wide Risk Assessments

Producing metrics reporting for senior management

Excellent knowledge of Excel, PowerPoint, Visio, etc.