SVP, Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Officer

We are a hybrid, remote-office company dedicated to growing our talent anywhere!

We have onsite locations in: Sioux Falls, SD,  Scottsdale, AZ,  Troy, MI,  Franklin, TN,  Dallas, TX

At Pathward, we take tremendous pride in our purpose to create financial inclusion for all™. We are a financial empowerment company that works with innovators to increase financial availability, choice, and opportunity for all.  We strive to remove barriers that traditional institutions put in the way of financial access, and promote economic mobility by providing responsible, secure, high quality financial products.

We are a team of problem solvers and innovators who celebrate our differences and know that our unique perspectives make us stronger and well-positioned for success.  We celebrate, and embrace, our team members through our *HUMBLE*HUNGRY*SMART approach, and we believe that we are strongest when we embrace the voices of our employees, customers, partners, and the communities we serve. 

About the Role:

Responsible for oversight, including developing, implementing and administering all aspects of the Bank Secrecy Act Compliance Program. Performs various quality control reviews and monitoring in the area of BSA, USA Patriot Act, AML, OFAC and Customer Identification Program compliance using industry standard and regulatory guidance sampling methods to ensure the organization’s compliance efforts are maintained. Also oversees all aspects of management of the Financial Intelligence Unit and its operational effectiveness. Keeps Executive Management, and the organization’s Board of Directors apprised of emerging BSA/AML risk issues and consults with and guides the organization in the establishment of controls to mitigate risks. Performs direct supervisory duties of assigned departments staff and is required to be fully knowledgeable and skilled in all areas of the assigned department.

What You Will Do:

• Develops, maintains, and enforces corporate policies and procedures regarding BSA/AML compliance, including the risk assessment.
• Establishes, chairs and reports to appropriate governance structures including working groups and committees.
• On a regular basis, reports and advises the organization’s Executive Risk Committee and the Board of Directors.
• Directly, through staff and assigned departments manages policy, guidelines and general governance.
• Directly, through staff and assigned departments manages Financial Intelligence Unit’s operations and capacity planning.
• Directly, through staff and assigned departments manages and administers the Actimize platform. Manages the BSA/AML rules and Customer Due Diligence and Customer Risk Rating process.
• Develops or directs the development of reports for reporting BSA/AML/OFAC to Executive Management, designated committees, and the Board of Directors.
• Completes and periodically updates methodology for the organization’s BSA/AML/OFAC Risk Assessment.
• Develops content of corporate training for all BSA/AML organization’s programs, including rewards and penalties program(s). Establishes additional training requirements for the BSA/AML Monitoring and Reporting staff.
• Provides field coordination for regulatory examinations covering any aspect of BSA/AML.
• Develops and communicates corporate policy and procedures for Suspicious Activities Reporting (SARS).
• Develops and communicates corporate policy and procedures for CTR reporting, including guidance on remedial filings and any significant CTR investigations.
• Manage customer and account level fraud on behalf of the organization. Manage and develop Fraud Management Policy and relevant procedures.
• Escalates any non-cooperative or non-compliant employees to the appropriate management and designated Human Resource representative.
• Provides supervision to BSA/AML employees, including coaching, mentoring, hiring/firing, and performance management. Adheres to and promotes organizational development for all staff under their supervision and in accordance with the organization’s policies and applicable laws.
• Other duties as assigned.

What You Will Need:

• Bachelor’s degree in economics, Business Administration or related discipline or equivalent education and work experience
• Typically, 15+ years of related experience in financial services
• 10+ years of proven track record as a BSA/AML Officer at a mid-size or large financial institution
• 10+ years of experience in governance, risk management and compliance at a major financial institution
• Experience managing large teams
• Experience with Actimize or other BSA/AML systems
• Experience with Fraud Management in banking
• Experience in dealing with regulatory agencies, executive management, Boards of Directors and other significant impact groups
• Knowledge of association guidelines and applicable regulations
• Successful Banking as Service and pre-paid card experience strongly preferred
• Experience with CAMS preferred
• Able to work in a fast paced, ever-changing environment. Ability to work with all levels of management under pressure and with tight deadlines
• Good decision-making skills
• Excellent written and verbal communication skills
• Strong organizational and multi-tasking skills

The responsibilities listed above are not all inclusive and may be changed at any time.

Salary range: $174,955.77 – $288,677.00

The salary range reflects the minimum and maximum target for a new hire in this role. Individual pay within the range will be determined by multiple factors which can include but are not limited to a candidate’s experience, qualifications, skills, and location. Your recruiter can share more about the specific salary for your location during the hiring process. Ranges may be modified in the future.
This role is also eligible for an annual performance-based incentive opportunity.  Pathward offers a comprehensive benefits package for eligible employees, including health insurance, 401(k) retirement benefits, life insurance, disability benefits, paid time off, and more.

#LI-Remote

Don’t have everything listed under qualifications? Studies have shown that women and people of color are less likely to apply to jobs unless they meet every single condition. At Pathward, we are dedicated to building a diverse and inclusive culture of belonging, so if you’re excited about this role but your experiences don’t match exactly to everything in the posting we encourage you to apply anyway. You may be just the right candidate for this or other Pathward roles.

Who we are: 

Our commitment to inclusion is woven into our DNA. We believe that we are strongest when we embrace the voices of our employees, customers, partners, and the communities we serve. 

We provide equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, ethnicity, religion, sex, sexual orientation, gender identity, transgender status, pregnancy, national origin, age (age 40 and over), disability, genetic information, marital status, hair texture or hairstyle, ancestry, service in the uniformed services, protected veteran status, status as a victim of domestic violence or any other class protected by federal, state and local laws.

Please click here to learn more about our benefits and review information about our Privacy Policy, Affirmative Action Plan and other notices. Applicants with disabilities may be entitled to reasonable accommodation under the terms of the Americans with Disabilities Act and certain state or local laws. For assistance completing an application, please contact a Pathward People & Culture Representative by emailing – careers@pathward.com

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Applications will be accepted for a minimum of 3 days after posting, and there is no predetermined date by which applications should be submitted.

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