Job Description
At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.
Job Description The Chief Bank Secrecy Act /Anti-Money Laundering (BSA/AML) Officer is accountable for overseeing the Financial Crimes Compliance program and leads Enterprise Financial Crimes Compliance. The BSA/AML Officer fulfills the statutory requirements for the position in the U.S. and for similar positions required in other jurisdictions and is accountable for coordinating, monitoring, and managing compliance with financial crimes laws. The BSA/AML Officer has authority and is principally accountable for overseeing the implementation of the AML Program Policy. The BSA/AML Officer possesses a thorough understanding of AML and terrorist financing laws and regulations, as well as comprehensive knowledge of the Company’s products, services, customer base, entities, geographic footprint, and the related financial crime risks. identification program.
ESSENTIAL FUNCTIONS
Interact and effectively manage relationships with our financial advisor senior leadership to create strategy and vision for proactive financial advisor recruiting
Oversee enterprise-wide programs focused on Anti-Money Laundering (AML), Economic Sanctions, and Fraud Investigations
Lead a team of 1200 staff globally, responsible for all facets of financial crimes programs
Regularly interact with U.S. and international law enforcement and regulatory agencies
Lead the Enterprise Financial Crimes Compliance (EFCC) Policy and Risk Management functions, supporting key business lines including Retail Banking, Wealth Management, Wholesale Banking, Payments, and all Corporate Functions across North America and Europe.
Set the strategic direction for the enterprise financial crimes program, encompassing board and executive reporting, risk management, program oversight, policy development, risk assessments, monitoring, investigations, and operational execution
Collaborate directly with Chief Risk Officers and Business Heads to guide program implementation, including staffing, technology, and budget planning. It serves as the escalation point for significant events such as major cases, de-risking decisions, regulatory deficiencies, and inquiries from senior management and the board
Assist clients with anti-money laundering / Bank Secrecy Act issues, helping them to understand their risk factors, and providing advice on the implementation of detection and compliance programs
The AML Operations focus specializes in quality control testing for accurately evaluating the execution of processes ensuring adherence to regulations, policies, and procedures.
Responsible for analysis related to due diligence, sanctions filtering, bank secrecy and cash reporting, and/or the customer.
Serve as a trusted advisor and primary subject matter expert for both internal and external stakeholders on all matters related to Financial Crimes risk management
Act as the Bank’s principal liaison during regulatory examinations, internal audits, and third-party assessments, ensuring effective communication and representation of the Bank’s Financial Crimes program
Play a key role in executing and advising on the Bank’s BSA/AML and OFAC Risk Assessments, contributing critical insights and guidance to strengthen the institution’s overall risk posture
Prepare and deliver materials and training to the Company’s Board of Directors
QUALIFICATIONS
Proven understanding of applicable laws, regulations, financial services, and regulatory trends that impact their assigned line of business
Prior experience interacting with senior and executive leadership, demonstrating advanced relationship and negotiation skills
Provide comprehensive weekly updates to Managing Committee Members
Prior experience handling challenging situations
Demonstrated understanding of the business line’s operations, products/services, systems, and associated risks/controls
Proven confidentiality with exposure to regulatory and other agencies
Prior experience leading Risk Professionals, responsible for staffing, performance management, prioritizing, guidance and training
Proficient in Microsoft Office applications
Advanced degree or equivalent, applicable certifications
15+ years of applicable experience
Expert understanding of applicable laws, regulations, financial services, and regulatory trends
Highly skilled relationship and negotiation skills as well as strong ability to manage through crisis situations
Demonstrated oral and written communication, interpersonal, planning and implementation skills
LEADERSHIP CAPABILITIES
Builds Teams and Talent : Embraces developing talent; builds and develops teams; strengthens organizational capabilities via talent
Drives for Results : Drives execution, continuously improves the core, and reallocates resources at pace
Disrupts & Challenges : Creates possibilities from new and innovative thinking; generates disruptive change; leads change
Leads Innovation : Encourages innovative thought; challenges the status quo; scales and invests in new ideas
Drives Vision and Purpose : Paints a compelling picture of the vision and strategy that motivates others to action
If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants .
Benefits:
Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following (some may vary based on role, location or hours):
Healthcare (medical, dental, vision)
Basic term and optional term life insurance
Short-term and long-term disability
Pregnancy disability and parental leave
401(k) and employer-funded retirement plan
Paid vacation (from two to five weeks depending on salary grade and tenure)
Up to 11 paid holiday opportunities
Adoption assistance
Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law
U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.
E-Verify
U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program .
The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $304,045.00 - $357,700.00 U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.
Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.
Posting may be closed earlier due to high volume of applicants.
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Job Tags
Temporary work, Work at office, Local area,