Job Information
Byline Bank BSA/AML & Fraud Program Manager in Chicago, Illinois
The BSA/AML & Fraud Program Manager plays a pivotal role in ensuring the seamless alignment of Byline’s business growth with regulatory compliance and risk management imperatives. This role entails overseeing comprehensive risk assessments pertaining to Bank Secrecy Act (BSA), Anti-Money Laundering (AML), and Fraud activities. Collaborating closely with cross-functional teams, the incumbent evaluates the risks associated with new initiatives and ensures adherence to regulatory standards. Furthermore, the principal is responsible for control design and implementation and maintains an up-to-date inventory of risks and controls while managing policies and procedures to effectively mitigate risks.
Duties and Responsibilities:
BSA/AML and Fraud Risk Assessment:
Collect, aggregate, analyze, and present data related to BSA/AML and Fraud risks across the company.
Conduct comprehensive risk assessments to identify potential vulnerabilities and areas of concern.
Develop strategies to mitigate identified risks and enhance overall risk management practices.
Identifies potential areas of BSA/AML and Fraud compliance vulnerability and risk; develops/implements corrective action plans for resolution of problematic issues and provides guidance on how to avoid or deal with similar situations in the future.
New Initiatives Review and Risk Assessments:
Partner with cross-functional teams to assess the BSA/AML, OFAC and Fraud risks associated with new initiatives, products, or partnerships.
Evaluate the alignment of new offerings with the organization's risk appetite and regulatory compliance standards.
Provide recommendations and guidance on risk mitigation measures for new initiatives.
Risk and Control Management:
Design and implement controls pertaining to BSA/AML, OFAC and Fraud risk.
Maintain a comprehensive inventory of BSA/AML, OFAC and Fraud risks and controls across the organization.
Establish and maintain accountability processes and procedures to ensure compliance with risk management protocols.
Create, update, or alter existing controls to align with changing regulatory expectations.
Policy and Procedures Management:
Develop and implement policies, procedures, and process controls to mitigate BSA/AML and Fraud risks.
Collaborate with relevant stakeholders to ensure alignment of policies with regulatory requirements and industry best practices.
Provide guidance and support for the implementation of new processes and changes to existing products or services.
Business Advisory:
Partner with business on new product and customer initiatives with higher BSA/AML and Fraud risk.
Ensure first line control implementation.
Foster a culture of compliance throughout the organization by providing guidance, and partnership.
Qualifications and Skills:
Bachelor's Degree required.
10+ years of progressively responsible experience in a bank or financial services company, FINTECH, merchant services, payments network, or intelligence function with compliance and risk management experience.
Advanced degree or professional certification (e.g. CAMS - Certified Anti-Money Laundering Specialist) preferred.
Strong understanding of BSA/AML, OFAC, and Fraud regulations, guidelines, and industry best practices.
Ability to apply interpret BSA/AML and Fraud related regulatory requirements and apply to new and existing financial products and services
Prior experience in conducting assessing new initiatives risk, conducting risk assessments, and designing and implementing controls.
Excellent analytical skills with the ability to collect, analyze, and interpret complex data sets and drawing logical conclusions.
Ability to identify, understand and define problems, evaluate alternatives, set priorities, manage projects and implement high quality solutions.
Strong interpersonal skills, with the ability to collaborate effectively with cross-functional teams and stakeholders at all levels.
Strong oral and written communications including making presentations and preparing reports.
Ability to communicate with external regulators and effectively and accurately represent the effectiveness of the compliance program.
Have very strong change management, organizational and planning capabilities.
Be self-motivated and an effective time and project manager with a strong attention to detail.
Demonstrate strong organizational skills with the ability to directly manage and communicate multiple projects and priorities depending on organizational needs and strategies.
Proficiency in using MS Office suite and other relevant software applications.
PHYSICAL DEMANDS/WORK ENVIRONMENT :
Usual office environment with frequent sitting, walking, and standing, and occasional climbing, stooping, kneeling, crouching, crawling, and balancing. Frequent use of eye, hand, and finger coordination enabling the use of office equipment. Oral and auditory capacity enabling interpersonal communication as well as communication through automated devices.
The salary range for this position is $80,000 to $140,000. We want to emphasize that the salary range is flexible and there is an opportunity to review the salary expectations based on a candidate's background, skills and experience. The ultimate salary offered will be based specifically on our assessment of our candidate's overall qualifications. We encourage you to apply even if your salary expectations are above or below the posted range, as we are committed to offering competitive compensation packages to attract top talent. In addition to your salary, Byline Bank offers benefits such as, a comprehensive benefits package, incentive and recognition programs, equity stock purchase and 401k contribution (all benefits are subject to eligibility requirements). No matter where or when you begin a career with Byline Bank, you’ll find a far-reaching choice of benefits and incentives.
Byline Bank is committed to the principle of equal employment opportunity for all employees and to providing employees with a work environment free of discrimination and harassment. All employment decisions at Byline Bank are based on business needs, job requirements and individual qualifications, without regard to race, color, religion or belief, national, social or ethnic origin, sex (including pregnancy), age, physical, mental or sensory disability, HIV Status, sexual orientation, gender identity and/or expression, marital, civil union or domestic partnership status, past or present military service, family medical history or genetic information, family or parental status, or any other status protected by the laws or regulations in the locations where we operate. Byline Bank will not tolerate discrimination or harassment based on any of these characteristics.
This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.
If you require a reasonable accommodation, during any part of the application process, please contact the human resources department to let us know the nature of your request by contacting 773.475.2900.
Byline Bank is committed to the principle of equal employment opportunity for all employees and to providing employees with a work environment free of discrimination and harassment. All employment decisions at Byline Bank are based on business needs, job requirements and individual qualifications, without regard to race, color, religion or belief, national, social or ethnic origin, sex (including pregnancy), age, physical, mental or sensory disability, HIV Status, sexual orientation, gender identity and/or expression, marital, civil union or domestic partnership status, past or present military service, protected veteran status, family medical history or genetic information, family or parental status, or any other status protected by the laws or regulations in the locations where we operate. Byline Bank will not tolerate discrimination or harassment based on any of these characteristics.