VP AML & Sanction Monitoring

Overview

The Bancorp is looking for an innovative thought leader in the banking and fintech space who can manage and execute against The Bancorp’s strategic position as an industry leader in the payments, sponsor bank, and fintech marketplace.

This individual would work with and collaborate with a large globally dispersed support team and key stakeholders outside the organization. The VP, Senior Risk Manager will interact with a broad spectrum of business partners ranging from Challenger banks, Fintech firms, Cards Networks (Visa, Mastercard), and payment industry leaders to advise on the development, execution, and operation of innovative products and services.

Responsibilities include liaising with regulatory agencies and presenting the Bank's achievements during regular reviews, periodic visitations, or audit meetings. We are looking for a dynamic team member with proven experience in AML and Sanctions Compliance in the payments space.

Responsibilities

Essential Functions

Qualifications

Education/Experience Requirements

• An undergraduate degree in a related field (Masters/JD Degree preferred).
• A minimum of 8 plus years of successful and relevant experience in BSA/AML and Sanctions.
• 3 years of experience in a senior compliance leadership role at a bank, card network, or fintech.

Preferred Requirements

• Professional certifications – APRP, CAMS, or CRCM Certification is preferred.
• Demonstrated AML and BSA regulatory compliance subject matter expertise.
• Business leadership skills with a demonstrated ability to execute complex projects.
• Proven knowledge and experience with best practices in payment and banking technologies and corresponding regulations.
• Deep knowledge of AML typologies/red flags and emerging risks in financial crime and money laundering.
• Previous experience working with internal auditors, financial regulators, and card networks, including audits and examination response and remediation of identified issues.
• Previous experience working with sponsor banks, program managers, and other players in the Banking-as-a-Service model
• Experience applying AML guidance in non-traditional bank settings to address unique risks posed by Fintech firms and Challenger banks.
• Problem-solving and decision-making skills, with the ability to analyze complex information to identify the critical issue and drive resolution.
• Expert knowledge of regulations and compliance best practices related to BSA/AML, OFAC, CIP, and KYC.
• Demonstrated ability to build strong relationships, as well as management and influencing skills.
• Business leadership skills with a demonstrated ability to execute complex projects.
• Ability to quickly grasp and understand business unit specific BSA/AML risks and provide recommendations for strengthening department activities.
• Capacity to manage multiple priorities in a fast-paced environment.
• Excellent verbal, written, and interpersonal communication skills.
• A team player able to work effectively in a team fostered, multi-tasking environment.

Background & EEO Statement

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Diversity & Background Screening

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The Bancorp Bank, N.A. is an EQUAL OPPORTUNITY EMPLOYER and will not discriminate on the basis of race, color, religion, gender, gender identity, sexual orientation, pregnancy, citizenship, national origin, age, disability, genetic information, veteran status or other protected category with respect to recruitment, hiring, training, promotion, and other terms and conditions of employment.

Employment with The Bancorp Bank, N.A. includes successfully passing a background check including credit, criminal, education, employment, OFAC, and social media background history.