Bank and Enterprise AML Officer
Purpose of Job This role will be located in the Home Office in San Antonio, or at one of our regional offices/remote with frequent travel to the Home Office.
Responsible for leading the Anti-Money Laundering (AML) Bank Secrecy Act (BSA) programs to deliver quality and ongoing sustainability of operational functions to include Financial Investigations, Know Your Customer, and OFAC.
Oversight of and maintains a governance program, including policies, procedures, and controls to effectively manage the risk of money laundering arising from USAA's operations, and setting and implementing the strategic direction for USAA Federal Savings Bank (FSB), USAA Savings Bank (USB) (collectively Banks), P&C, LifeCo, and the overall Enterprise.
Sets the standards and provides guidance and support across USAA around member onboarding, due diligence, transaction monitoring, and screening activities for compliance with anti-money laundering and sanctions expectations and related regulatory requirements to ensure deliverables align to USAA and regulatory requirements.
Job RequirementsManagerial Responsibilities Leads the design and implementation of the Anti-Money Laundering (AML) Compliance risk management strategies, taking into account business strategy and nuanced supervisory expectations, including how they apply in a matrixed commercial environment.
Oversees teams responsible for regulatory, complex, and critical issues covering USAA as related to the Bank Secrecy Act (BSA)/AML regulatory requirements as well as key enterprise functions.
Exemplifies USAA's mission, core values, culture and desired behaviors - including a culture of compliance risk management.
Develops talent to deliver objectives aligned to the mission; including the identification, development, advancement and retention of talent with requisite compliance capabilities as well as providing leadership and overseeing performance management and staff development activities.
Leads the operational planning of implementation of the AML program for the Bank and Enterprise-including core business processes and technologies.
Oversees execution of AML Compliance initiatives and projects across the banks and the enterprise.
Holds self and others Accountable for meeting commitments by setting and clearly communicating expectations, roles, and responsibilities to others relative to AML Compliance.
Responsible for funding, budgeting and execution of AML initiatives and projects across the businesses and legal entities.
Technical and Risk Responsibilities Responsible for overseeing and governing AML Compliance related activities and actions for the Banks' and the enterprise.
Provides independent oversight to risk management practices across AML Compliance activities.
Formulates and executes a multi-year strategy for a best-in-class AML Compliance program, including AML strategy and analytics across various financial products in the Banks' and various AML Compliance programs across the enterprise.
Identifies and assesses the Banks' AML inherent and control risk, incorporates the outcomes into strategy and risk management oversight practices, and reports the results to the bank board and senior management.
Reviews, addresses, and escalates significant AML issues and activities to Executive Council and/or the appropriate governance committee and its members.
Develops, communicates and reinforces the Banks' risk tolerance and risk appetite statement and associated limits related to AML activities, including how they apply to banking operations.
Monitors the Banks' adherence to AML-related policies and timely closure of AML-related issues and engages in ongoing communication with front line units regarding adherence to AML requirements.
Oversees the monitoring and analysis of AML-related trends, patterns, and external factors impacting the risk levels of the Banks' and communicates and provides recommendations.
Proactively manages relationship and communications with U.
S.
regulators and internal audit staff for AML Compliance matters, including management of examinations, audits, document production and issue responses.
Liaises with regulatory agencies and other internal control groups on AML related issues -- takes accountability for responding to Matters Requiring Attention (MRAs) and Matters Requiring Immediate Attention (MRIAs) issued by supervisory bodies.
Leads change management activities in connection with MRAs and/or broader regulatory changes.
Governance CommitteesInteracts with or participates in enterprise governance committees, such as:
Bank Compliance CommitteeEnterprise and Bank New Activities Approval CommitteeUSAA Financial Crimes Compliance CommitteeEnterprise Compliance Risk CommitteeEnterprise Information Governance CommitteeShared Services New Activities Approval CommitteeEducationBachelor's degree is required.
Advanced degree such as MBA or Juris Doctorate (JD) is preferred.
ExperienceA minimum of 12 years of experience in technical discipline (e.
g.
AML compliance) with a proven track record leading comparable operations.
Vast knowledge of the U.
S regulatory environment with emphasis on the BSA, USA PATRIOT Act and OFAC programs is required.
A minimum of 8 years of people leadership experience in building, managing and/or developing high-performing teams is required.
Proven experience establishing, implementing and overseeing large financial institution(s) AML programExtensive background in understanding, evaluating, and monitoring risks in adherence to policiesDemonstrated ability to communicate at all levels of an organization including Board of Directors and Committee members; must also have experience communicating with regulatory agenciesA minimum of 8 years of relevant experience in a large financial institution ($100 billion +), including 5
years post-Dodd Frank, in a supervisory role as a regulator, in a senior role directly interacting with regulators, or in a senior staff role within an AML department is preferred.
Regulatory Understanding Federal regulations and supervisory guidance:
12 CFR Part 30, including Appendices A through E12 CFR 9 - Bank Fiduciary ActivitiesFederal Reserve Supervisory Guidance Documents:
SR 08-08 (Compliance Risk Management Programs)Bank Holding Company Examination ManualFederal Reserve proposals concerning Board effectiveness and core principles of effective senior management, management of business lines, and independent risk management and controlsOCC Supervisory Guidance Documents:
Large Bank Supervision Handbook; Corporate and Risk Governance Handbook; and key OCC bulletins (New Products and Services Risk Management; Third Party Risk Management)FFIEC:
BSA/AML Manual; IT/Cyber HandbooksCFPB:
Consumer Protection Regulations; UDAAP Regulatory understanding is for illustrative purposes.
Roles would need an understanding of all federal and state laws and regulatory guidance applicable to the organization and responsibilities of the role.
Note:
The above statements are intended to describe the general nature and level of work being performed by employees in this position.
They are not intended to be an exhaustive list of all duties, responsibilities and qualifications of employees assigned this job.
CertificationsIndustry certification such as Certified Anti-Money Laundering Specialist (CAMS) is preferred.
Compensation:
USAA has an effective process for assessing market data and establishing ranges to ensure we remain competitive.
You are paid within the salary range based on your experience and market position.
The salary range for this position is $312,600- $562,900.
Employees may be eligible for pay incentives based on overall corporate and individual performance or at the discretion of the USAA Board of Directors.
Long Term Incentive Plan:
Cash payment for Executive level roles only, representing a cash payment which is both time and performance based.
Stipend:
As an EMG Member, you will receive an annual stipend (amounts determined by level) which will be paid in quarterly installments.
Medical Stipend:
As a Senior Officer, you will receive an Annual Medical Stipend for you and your spouse
Benefits:
At USAA our employees enjoy best-in-class benefits to support their physical, financial, and emotional wellness.
These benefits include comprehensive medical, dental and vision plans, 401(k), pension, life insurance, parental benefits, adoption assistance, paid time off program with paid holidays plus 16 paid volunteer hours, and various wellness programs.
Additionally, our career path planning and continuing education assists employees with their professional goals.
Please click on the link below for more details.
USAA Total Rewards THIS POSTING WILL BE AVAILABLE TO INTERNAL CANDIDATES UNTIL 11:
59PM ON SUNDAY, MARCH 14#DNP.
Estimated Salary: $20 to $28 per hour based on qualifications.
Responsible for leading the Anti-Money Laundering (AML) Bank Secrecy Act (BSA) programs to deliver quality and ongoing sustainability of operational functions to include Financial Investigations, Know Your Customer, and OFAC.
Oversight of and maintains a governance program, including policies, procedures, and controls to effectively manage the risk of money laundering arising from USAA's operations, and setting and implementing the strategic direction for USAA Federal Savings Bank (FSB), USAA Savings Bank (USB) (collectively Banks), P&C, LifeCo, and the overall Enterprise.
Sets the standards and provides guidance and support across USAA around member onboarding, due diligence, transaction monitoring, and screening activities for compliance with anti-money laundering and sanctions expectations and related regulatory requirements to ensure deliverables align to USAA and regulatory requirements.
Job RequirementsManagerial Responsibilities Leads the design and implementation of the Anti-Money Laundering (AML) Compliance risk management strategies, taking into account business strategy and nuanced supervisory expectations, including how they apply in a matrixed commercial environment.
Oversees teams responsible for regulatory, complex, and critical issues covering USAA as related to the Bank Secrecy Act (BSA)/AML regulatory requirements as well as key enterprise functions.
Exemplifies USAA's mission, core values, culture and desired behaviors - including a culture of compliance risk management.
Develops talent to deliver objectives aligned to the mission; including the identification, development, advancement and retention of talent with requisite compliance capabilities as well as providing leadership and overseeing performance management and staff development activities.
Leads the operational planning of implementation of the AML program for the Bank and Enterprise-including core business processes and technologies.
Oversees execution of AML Compliance initiatives and projects across the banks and the enterprise.
Holds self and others Accountable for meeting commitments by setting and clearly communicating expectations, roles, and responsibilities to others relative to AML Compliance.
Responsible for funding, budgeting and execution of AML initiatives and projects across the businesses and legal entities.
Technical and Risk Responsibilities Responsible for overseeing and governing AML Compliance related activities and actions for the Banks' and the enterprise.
Provides independent oversight to risk management practices across AML Compliance activities.
Formulates and executes a multi-year strategy for a best-in-class AML Compliance program, including AML strategy and analytics across various financial products in the Banks' and various AML Compliance programs across the enterprise.
Identifies and assesses the Banks' AML inherent and control risk, incorporates the outcomes into strategy and risk management oversight practices, and reports the results to the bank board and senior management.
Reviews, addresses, and escalates significant AML issues and activities to Executive Council and/or the appropriate governance committee and its members.
Develops, communicates and reinforces the Banks' risk tolerance and risk appetite statement and associated limits related to AML activities, including how they apply to banking operations.
Monitors the Banks' adherence to AML-related policies and timely closure of AML-related issues and engages in ongoing communication with front line units regarding adherence to AML requirements.
Oversees the monitoring and analysis of AML-related trends, patterns, and external factors impacting the risk levels of the Banks' and communicates and provides recommendations.
Proactively manages relationship and communications with U.
S.
regulators and internal audit staff for AML Compliance matters, including management of examinations, audits, document production and issue responses.
Liaises with regulatory agencies and other internal control groups on AML related issues -- takes accountability for responding to Matters Requiring Attention (MRAs) and Matters Requiring Immediate Attention (MRIAs) issued by supervisory bodies.
Leads change management activities in connection with MRAs and/or broader regulatory changes.
Governance CommitteesInteracts with or participates in enterprise governance committees, such as:
Bank Compliance CommitteeEnterprise and Bank New Activities Approval CommitteeUSAA Financial Crimes Compliance CommitteeEnterprise Compliance Risk CommitteeEnterprise Information Governance CommitteeShared Services New Activities Approval CommitteeEducationBachelor's degree is required.
Advanced degree such as MBA or Juris Doctorate (JD) is preferred.
ExperienceA minimum of 12 years of experience in technical discipline (e.
g.
AML compliance) with a proven track record leading comparable operations.
Vast knowledge of the U.
S regulatory environment with emphasis on the BSA, USA PATRIOT Act and OFAC programs is required.
A minimum of 8 years of people leadership experience in building, managing and/or developing high-performing teams is required.
Proven experience establishing, implementing and overseeing large financial institution(s) AML programExtensive background in understanding, evaluating, and monitoring risks in adherence to policiesDemonstrated ability to communicate at all levels of an organization including Board of Directors and Committee members; must also have experience communicating with regulatory agenciesA minimum of 8 years of relevant experience in a large financial institution ($100 billion +), including 5
years post-Dodd Frank, in a supervisory role as a regulator, in a senior role directly interacting with regulators, or in a senior staff role within an AML department is preferred.
Regulatory Understanding Federal regulations and supervisory guidance:
12 CFR Part 30, including Appendices A through E12 CFR 9 - Bank Fiduciary ActivitiesFederal Reserve Supervisory Guidance Documents:
SR 08-08 (Compliance Risk Management Programs)Bank Holding Company Examination ManualFederal Reserve proposals concerning Board effectiveness and core principles of effective senior management, management of business lines, and independent risk management and controlsOCC Supervisory Guidance Documents:
Large Bank Supervision Handbook; Corporate and Risk Governance Handbook; and key OCC bulletins (New Products and Services Risk Management; Third Party Risk Management)FFIEC:
BSA/AML Manual; IT/Cyber HandbooksCFPB:
Consumer Protection Regulations; UDAAP Regulatory understanding is for illustrative purposes.
Roles would need an understanding of all federal and state laws and regulatory guidance applicable to the organization and responsibilities of the role.
Note:
The above statements are intended to describe the general nature and level of work being performed by employees in this position.
They are not intended to be an exhaustive list of all duties, responsibilities and qualifications of employees assigned this job.
CertificationsIndustry certification such as Certified Anti-Money Laundering Specialist (CAMS) is preferred.
Compensation:
USAA has an effective process for assessing market data and establishing ranges to ensure we remain competitive.
You are paid within the salary range based on your experience and market position.
The salary range for this position is $312,600- $562,900.
Employees may be eligible for pay incentives based on overall corporate and individual performance or at the discretion of the USAA Board of Directors.
Long Term Incentive Plan:
Cash payment for Executive level roles only, representing a cash payment which is both time and performance based.
Stipend:
As an EMG Member, you will receive an annual stipend (amounts determined by level) which will be paid in quarterly installments.
Medical Stipend:
As a Senior Officer, you will receive an Annual Medical Stipend for you and your spouse
Benefits:
At USAA our employees enjoy best-in-class benefits to support their physical, financial, and emotional wellness.
These benefits include comprehensive medical, dental and vision plans, 401(k), pension, life insurance, parental benefits, adoption assistance, paid time off program with paid holidays plus 16 paid volunteer hours, and various wellness programs.
Additionally, our career path planning and continuing education assists employees with their professional goals.
Please click on the link below for more details.
USAA Total Rewards THIS POSTING WILL BE AVAILABLE TO INTERNAL CANDIDATES UNTIL 11:
59PM ON SUNDAY, MARCH 14#DNP.
Estimated Salary: $20 to $28 per hour based on qualifications.
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