AML Program & Oversight Manager

Silvergate Capital Corporation (NYSE: SI) is the leading provider of innovative financial infrastructure solutions and services for the growing digital currency industry. The Company’s real-time payments platform, known as the Silvergate Exchange Network, is at the heart of its customer-centric suite of payments, lending and funding solutions serving an expanding class of digital currency companies and investors around the world. Silvergate is enabling the rapid growth of digital currency markets and reshaping global commerce for a digital currency future. Challenging convention by empowering people allows us to exceed expectations for our clients while cultivating an awesome culture.

The AML Program & Oversight Manager assists in the administration of the Bank Secrecy Act compliance program, specifically driving key initiatives that align to FCRM strategies. Responsible for assisting the AML Program Director in maintaining the AML Program Framework, training program, and ensuring work products related to due diligence, investigations, sanctions, and SARs are completed accurately according to industry standards and practices. Collaboration with other horizontal partners to assess the impact of the AML program. Stay apprised of industry trends, regulatory updates, geopolitical events, etc. for evaluation of strategy revision, stakeholder communication, and policy & procedural updates to address emerging risks and compliance. Advises the AML Program Director and other management of emerging trends and issues, and assists the company in the establishment of controls to mitigate risks. The position of AML Program & Oversight Manager is required to be fully knowledgeable and skilled in transaction monitoring and investigations.

ESSENTIAL DUTIES AND RESPONSIBILTIES

• Maintain proficient knowledge of the rules and regulations, including but not limited to, the Bank Secrecy Act (BSA), USA PATRIOT Act, and OFAC
• Assists in the developing, updating, and maintaining the Bank’s AML training program, framework, policy, standards, and methodology, updating on a periodic basis in line with the changing threat environment and risk profile so that aggregate AML risks within the bank are effectively identified, measured, monitored, and controlled consistent with the banks risk appetite
• Maintain proficient knowledge of customer due diligence, investigations, sanctions, and all AML operations processes including where and how to identify issues
• Identify and assess the training needs of the organization through job analysis, career paths, and consultation with management
• Develop individualized and group training programs that address FCRM specific needs
• Performs oversight of daily reviews of finished work products related to enhanced due diligence, alert assessments, case investigations, and SAR forms to ensure adherence to internal policies and procedures
• Develops communication for FCRM and business partners with updates on key industry or regulatory events and trends
• Evaluate organizational performance to ensure that training is meeting business needs and improving performance
• Analyzes risks related to new or modified products and business activities and assess the FCRM environment for mitigating risks
• Complete reviews of various reports, applications, and platforms utilized by the FCRM Department
• Train in various programs to further educate oneself in BSA related compliance requirements and procedures
• Perform other projects as assigned
• Assist in the research of regulatory issues to compliance questions from Bank personnel, using legal and regulatory reference materials, regulatory agencies, as appropriate
• Assist in special projects and tasks for the department as directed
• Develop brand values and philosophy through all training and development activities
• Assist with self-assessments as needed. May assist in the preparation and coordination of independent audits and regulatory examinations
• Requires continuous exercise of judgment following regulatory rules, laws, regulations, industry standards and practices
• Identifies and selects complex choices of action where standard practices may not exist
• Must be able to accommodate detailed work, problem solving, reasoning, math, presentations, verbal communication, written communication, analytical reasoning, training others, multiple concurrent tasks and constant interruptions  
• Ability to deal with routine problems involving multiple facets, variables, and situations where only limited standardization exists
• Does not harm consumers through any act that could be misleading, unfair, deceptive, or abusive in act or practice
• Maintain current knowledge of all federal and state laws and regulations, along with the company’s policies and procedures
• Must adhere to the company’s core values of Challenge Convention, Do What’s Right, Take Ownership, Empower People, Exceed Expectations, and Cultivate Awesome all while keeping our “Why?” front of mind. Our Why? Silvergate is the banking platform for innovators, and we believe in the power of entrepreneurs to create prosperity for our communities

KNOWLEDGE, SKILLS, AND ABILITIES

• Bachelor’s degree or equivalent banking experience
• 8 years’ BSA/AML or equivalent risk/compliance/audit banking experience, training, and development management preferably within Industrial, Commercial, or Correspondent Banking
• 8 years’ banking or regulatory agency experience, with an emphasis in compliance and/or operations
• Knowledge of Bank administration, lending, and operations products and services; related state and federal laws and regulations and other Bank operational policies and procedures
• Proactively identify and assess potential concerns and risks
• Understanding of legislative and regulatory processes
• Excellent oral and written communication skills
• Ability to resolve issues, work independently, and meet deadlines
• Persuasive and team-oriented
• Communicate effectively with staff at all levels
• Effective verbal, written, and interpersonal communication skills with the ability to instruct others, train personnel, write reports, correspondence, and procedures, and speak clearly to customers and employees
• Business writing skills and proficient in Microsoft Word and Excel
• Organizational and time management skills 

BANK SECRECY ACT 

Responsible for adhering to the reporting and recordkeeping requirements of the Bank Secrecy Act and Anti-Money Laundering rules and regulations, observing economic sanctions by prohibiting transactions as specified by the Office of Foreign Asset Control (OFAC), following the bank’s customer identification program (CIP) rules, observing all Bank policies and procedures relating to BSA, OFAC, CIP, and related acts, and participation in ongoing related training.

WORK CONDITIONS

Remote work conditions. 

PHYSICAL DEMANDS

While performing the duties of this job, the employee is:

• Regularly required to talk or hear
• Occasionally required to stand; walk
• Required to sit for long periods and reach with hands and arms
• Occasionally required to lift up to 10 pounds
• Able to read documents, computer screens, reports, and other communications and have the ability to adjust focus and close vision

Management reserves the right to add to, change and revise this description at any time. This description does not include any marginal functions that are incidental to the essential functions. Also, it does not imply that these are the only tasks to be performed by the incumbent. Employees are required to follow any other job-related instructions and to perform any other job-related tasks requested by their supervisor. Any requirement may be modified to reasonably accommodate individuals with disabilities.

Silvergate is an EEO/AA/Disability/Vet

In compliance with federal law, all persons hired will be required to verify identity and eligibility to work in the United States and to complete the required employment eligibility verification form upon hire.​​​​​​​