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ABOUT THE ORGANIZATION
SMBC MANUBANK was formed by a group of banking entrepreneurs in June 1962. Our scope is to serve the specialized needs of California middle-market businesses, manufacturers, wholesalers, distributors, importers, exporters, and service companies, including small businesses and professionals.
The anticipated salary range for this role is between $198,000.00and $220,000.00. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.
Our mission is to be "the bank of choice" for middle market and professional service companies by establishing long term customer relationships and loyalty, providing superior products and services through a core of highly skilled and seasoned bankers.
To achieve our mission to be the 'bank of choice' for middle market and professional services companies, we are focused on our vision to be the premier California regional business bank that can provide the sophistication and expertise of a larger institution with the personal 'high touch' services of a smaller bank.
Specialties:
Commercial Loans and Lines of Credit, Asset-Based Financing, SBA Loans, and Specialized Financing, Real Estate Loans, Cash Management Services, International Services
Reporting to the BSA Officer, the Head of Financial Intelligence Unit ("FIU") will be responsible for overseeing and managing all aspects of the FIU within our organization, including the commercial banking and digital banking units. This individual must have specialized knowledge related to commercial and retail banking risks and will be responsible for adherence to all bank policies and procedures related to the Bank Secrecy Act, Anti-Money Laundering Program, and USA PATRIOT Act requirements.
- Develop and implement the strategic vision and objectives of the FIU in alignment with the organization's goals.
- Provide leadership and guidance to the FIU team, ensuring effective collaboration and coordination of efforts.
- Establish and enforce policies, procedures, and best practices to ensure compliance with relevant laws, regulators, and industry standards.
- Serve as a subject matter expert on investigations, suspicious activity reports (SARs), Currency Transaction Reports (CTRs), and alert management in discussions with senior management, regulatory authorities, and external stakeholders.
- Oversee the investigation and analysis of suspicious financial activities, transactions, and patterns as well as associated regulatory reporting (SARs, CTRs, etc.)
- Develop and implement risk mitigation strategies to minimize exposure to financial crime risks.
- Coordinate with internal and external stakeholders, including law enforcement agencies and regulatory bodies, to gather and analyze intelligence related to financial crimes.
- Prepare and present regular reports on the FIU's activities, findings, and recommendations to senior management and relevant stakeholders.
- Develop and deliver training programs to ensure in depth understanding of financial crime risks among FIU staff.
- Promote a culture of compliance and ethical conduct throughout the organization.
- Collaborate with cross-functional teams, including compliance, legal, risk management, and IT to advance the FIUs strategic goals.
- Establish and maintain strong relationships with FCC management team, internal audit, and compliance monitoring and testing, fostering open communication and ensuring compliance with evolving regulations.
- Keep abreast of changes in regulatory requirements and evolving trends in financial crime to adapt the organization's practices accordingly.
- Maintain proficient knowledge of the rules and regulations, including but not limited to, the Bank Secrecy Act (BSA), USA PATRIOT Act, FFIEC Manual, and evolving banking landscape.
- Extensive experience (7+ years) in financial crimes compliance, anti-money laundering (AML), and/or counter-terrorist financing (CFT) roles;
- Bachelor's degree in finance, Accounting, Business Administration, or a related field
- Professional certifications such as CAMS (Certified Anti-Money Laundering Specialist) or CFCS (Certified Financial Crime Specialist), or CFE (Certified Fraud Examiner), preferred.
- Experience with Verafin and/or Actimize a plus;
- Experience with SharePoint and Microsoft Office suite;
- In-depth knowledge and experience with the US PATRIOT Act, BSA Act and the FFIEC AML manual;
- Ability to excel in a remote, innovative, and fast-paced environment;
- Excellent communication and interpersonal skills to engage with internal teams, regulators and external stakeholder;
- Strong communication and presentation skills with the ability to convey complex ideas in a clear, concise manner to senior leaders
EOE STATEMENT
We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law.
CCPA DISCLOSURE
Personal Information Collection Notice: This notice contains information under the California Consumer Privacy Act (CCPA) about the categories of personal information (PI) of California residents that SMBC MANUBANK collects and the business or commercial purpose(s) for which the PI may be used. We do not sell PI. More information about our collection and use of PI may be found in our CCPA Privacy Policy at https://www.manufacturersbank.com/CCPA-Privacy. Persons with disabilities may contact our Customer Contact Center toll-free at (877) 560-9812 to request the information in this Notice in an alternative format.