IF
Financial Crimes Manager (AML/BSA), Remote
full-time•Oak Brook
About this role
The Financial Crimes Manager will report to the Senior Director, Financial Crimes in the Compliance Department. This role is responsible for managing a team that performs a variety of duties to assist Millennium Trust with compliance with the Bank Secrecy Act (BSA), Office of Foreign Assets Control (OFAC), USA PATRIOT Act, and other anti-money laundering (AML) laws and regulations with the primary responsibility being to review transactional data to identify, report, and prevent suspected money laundering, identity/account theft and potential investment fraud. The ideal incumbent will be organized, self-motivated, and have strong analytical skills.
• Oversee day-to-day reviews of business-related questions to Compliance
• Identify, recommend and execute potential solutions to monitor, detect, or prevent money laundering or terrorist financing activity
• Conduct regulatory research on red flags and effectively communicate findings and potential impact on Company operations
• Act as a BSA, AML, and OFAC subject matter expert to identify process improvements, develop and present content to various audiences, and respond to inquiries from internal business partners
• Keep abreast of new rules, regulations and brand/reputation risks to assist in development, implementation and revision of current policies and procedures
• Review client documents for IRA compliance and firm acceptability purposes
• Assist in resolving and responding to client complaints
• Provide compliance guidance to standard employee questions
• Help prepare compliance trainings and communications
• Support the Senior Director with the execution of compliance risk assessments
• Assist with identifying ongoing and targeted compliance monitoring
• Other duties as assigned
Supervisory Responsibilities:
• Providing regular and ongoing employee feedback (positive and constructive) and performing mid-year and annual reviews
• Provide an advisory role for the business as the SME on Financial Crime; Produce regular management information and data for reporting on Financial Crime risks to be presented to CRM and Executive Management; Identifying staffing needs, and interviewing and training new staff
• Develop and manage team schedules including coordinating PTO, Compliance inbox coverage and reviews
• Expertise of Bank Secrecy Act (BSA) requirements
• Experience filing suspicious activity reports (SARs) and reviewing for OFAC and CIP
• High attention to detail and strong organization skills
• Ability to research complex materials
• Strong analytical skills
• Self-motivated and resourceful
• Superior communication (written and verbal) and interpersonal skills
• Proficient with MS Suite and comfortable using technology
• Detail oriented and able to work independently Ability to work through problems by listening, thinking through all issues, and responding appropriately
• Team focused and able to build strong working relationships
• IRA/IRS rules and regulations knowledge and experience preferred
• Oversee day-to-day reviews of business-related questions to Compliance
• Identify, recommend and execute potential solutions to monitor, detect, or prevent money laundering or terrorist financing activity
• Conduct regulatory research on red flags and effectively communicate findings and potential impact on Company operations
• Act as a BSA, AML, and OFAC subject matter expert to identify process improvements, develop and present content to various audiences, and respond to inquiries from internal business partners
• Keep abreast of new rules, regulations and brand/reputation risks to assist in development, implementation and revision of current policies and procedures
• Review client documents for IRA compliance and firm acceptability purposes
• Assist in resolving and responding to client complaints
• Provide compliance guidance to standard employee questions
• Help prepare compliance trainings and communications
• Support the Senior Director with the execution of compliance risk assessments
• Assist with identifying ongoing and targeted compliance monitoring
• Other duties as assigned
Supervisory Responsibilities:
• Providing regular and ongoing employee feedback (positive and constructive) and performing mid-year and annual reviews
• Provide an advisory role for the business as the SME on Financial Crime; Produce regular management information and data for reporting on Financial Crime risks to be presented to CRM and Executive Management; Identifying staffing needs, and interviewing and training new staff
• Develop and manage team schedules including coordinating PTO, Compliance inbox coverage and reviews
Qualifications
Years of Experience: • 7-10 years of experience, 1-3 years of leadership experience . Degree: • Bachelor’s Degree in Business, Finance, Accounting or related field . Certification: • CAMS preferred . Skills & Abilities: • Expertise of trust accounting systems, IRAs and alternative assets• Expertise of Bank Secrecy Act (BSA) requirements
• Experience filing suspicious activity reports (SARs) and reviewing for OFAC and CIP
• High attention to detail and strong organization skills
• Ability to research complex materials
• Strong analytical skills
• Self-motivated and resourceful
• Superior communication (written and verbal) and interpersonal skills
• Proficient with MS Suite and comfortable using technology
• Detail oriented and able to work independently Ability to work through problems by listening, thinking through all issues, and responding appropriately
• Team focused and able to build strong working relationships
• IRA/IRS rules and regulations knowledge and experience preferred
What you'll do
- The Financial Crimes Manager will oversee a team responsible for compliance with AML laws and regulations, focusing on identifying and preventing financial crimes. This includes reviewing transactional data, conducting regulatory research, and providing compliance guidance.
About Inspira Financial
Inspira Financial is your devoted health, wealth, retirement, and benefits administrator. We work with organizations and individuals to navigate paths towards a better future and turn everyday actions into life-changing impact.
We believe that together, we have the power to enrich lives. We take on the incremental, the complex, and the time-consuming—providing solutions that strengthen and simplify the health and wealth journey.
Inspira Financial is the brand name used for products and services provided by one or more of the Inspira Financial group of companies, including Inspira Financial Trust, LLC (formerly known as Millennium Trust Company, LLC) and Inspira Financial Health, Inc. (formerly known as PayFlex Systems USA, Inc.).
Retirement and custody services are provided by Inspira Financial Trust, LLC and consumer directed benefits are administered by Inspira Financial Health, Inc. Inspira Financial Trust, LLC and Inspira Financial Health, Inc. are affiliates. Inspira Financial Trust, LLC and its affiliates perform the duties of a directed custodian and/or an administrator of consumer directed benefits and, as such, do not provide due diligence to third parties on prospective investments, platforms, sponsors, or service providers, and do not offer or sell investments or provide investment, tax, or legal advice. Inspira and Inspira Financial are trademarks of Inspira Financial Trust, LLC.
Ready to join Inspira Financial?
Take the next step in your career journey
Frequently Asked Questions
What does a Financial Crimes Manager (AML/BSA), Remote do at Inspira Financial?
As a Financial Crimes Manager (AML/BSA), Remote at Inspira Financial, you will: the Financial Crimes Manager will oversee a team responsible for compliance with AML laws and regulations, focusing on identifying and preventing financial crimes. This includes reviewing transactional data, conducting regulatory research, and providing compliance guidance..
Is the Financial Crimes Manager (AML/BSA), Remote position at Inspira Financial remote?
The Financial Crimes Manager (AML/BSA), Remote position at Inspira Financial is based in Oak Brook, Illinois, United States. Contact the company through Clera for specific work arrangement details.
How do I apply for the Financial Crimes Manager (AML/BSA), Remote position at Inspira Financial?
You can apply for the Financial Crimes Manager (AML/BSA), Remote position at Inspira Financialdirectly through Clera. Click the "Apply Now" button above to start your application. Clera's AI-powered platform will help match your profile with this opportunity and guide you through the application process.