Bank Secrecy Director
Bank Secrecy Director directs the overall organizational strategy, policies, and procedures used to comply with current anti-money laundering (AML) regulations and other governmental anti-terrorist financing programs. Implements oversight systems, interdiction software, and audit processes to perform daily transaction monitoring and identify suspicious activity patterns. Being a Bank Secrecy Director ensures adherence to Know Your Customer (KYC) protocols and regulatory requirements for required filings and reporting. Possesses extensive knowledge of the latest financial regulations and best practices for risk management. Additionally, Bank Secrecy Director oversees investigations of suspicious activity and develops corrective actions and analysis of losses. Designs compliance training with up-to-date regulatory information and procedures to develop well-informed staff. Understands banking regulations such as the US Bank Secrecy Act (BSA) or other governmental anti-money laundering laws. Requires a bachelor's degree. Typically reports to senior management. The Bank Secrecy Director manages a departmental sub-function within a broader departmental function. Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure. To be a Bank Secrecy Director typically requires 5+ years of managerial experience. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function.
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