The bank for a changing world

BSA Modeling Manager

Contract

Full-time

Location

United States-California-San Ramon

Job function

Risk Management

Reference

022682

What sets Bank of the West apart from other banks is our team members–they embody the optimistic spirit of the West. There is a spirit here that drives us to do more. Our team of more than 10,000 employees is vital to the success of our Bank. They reflect our modern western values—straightforward, entrepreneurial and optimistic. We seek to create a corporate culture that fosters and rewards excellence, encourages creative thinking and respects diversity – an environment where team members are engaged, supportive of one another and enthusiastic about serving our customers. Bank of the West offers the stability of a company that has a 135 year history and is part of BNP Paribas, a European leader in global banking and financial services and one of the 6 strongest banks in the world. We offer opportunities across our diverse business lines – Retail Banking, Commercial Banking, National Finance, and Wealth Management.

 

Position Summary

Manage and lead team focused on evaluating and documenting the Bank’s overall anti-money laundering monitoring strategy including validation of sufficiency of coverage and effectiveness of manual and automated monitoring systems in relation to the Bank’s BSA-AML Risk Assessment. Ensure that anti-money laundering monitoring processes meet current and future regulatory expectations and industry best practices. Understand capabilities of monitoring application as well as how it interfaces and integrates with the applications that support products and services offered to customers in order to formulate strategic decisions to ensure risks are addressed. Coordinate and document ongoing application governance and validation. Implement effective system optimization/tuning process. Provide oversight and manage work of staff.
 
Essential Job Functions
  1. Evaluates products and services for the extent to which they pose higher exposure for use as vehicles for money laundering, human trafficking or terrorist financing and strategically determines appropriate transaction monitoring methods (i.e., manual detection processes vs. systemic detection processes).
  2. Designs and oversees automated monitoring systems.
  3. Knowledge or experience with systems used to offer and service the Bank’s products and services to understand transaction codes for those systems and how those systems interface with the automated monitoring system.
  4. Knowledge or experience with system architecture and data ingestion controls for the monitoring system.
  5. Knowledge or experience with how transaction monitoring system functions and the various configuration parameters and threshold settings.
  6. Designs and oversees manual monitoring systems to work collaboratively with business units to develop, document and implement manual monitoring including ongoing documentation and evidence of such monitoring.
  7. Ensure effective governance practices are in place to validate system accuracy and document monitoring decisions.
  8. Manage systems support team responsible for maintaining, validating and documenting controls and processes implemented to manage the application.
  9. Responsible for analytic and performance metrics used for monitoring transaction monitoring, customer risk scoring, and OFAC
  10. Coordinate with internal and external partners to ensure that operational and regulatory expectations are met

Job Specifications

 

Education
Required Education or Equivalent Experience

  • Bachelor’s Degree     
  • Master’s/Advanced Degree in Statistics, Mathematics, Economics or other quantitative analytical field

 Required Experience

  • 2+ years AML modeling, testing/tuning or validation experience
  • 5+ years programming language experience (SAS, SQL, no SQL, R, etc.)
  • 10+ years of supervisory or managerial experience
  • Prior knowledge and experience with complex anti-money laundering applications such as Actimize, BAE Detica NetReveal or Mantas.
  • Prior experience managing anti-money laundering application in large or regional bank environment.
  • Understanding of various system validation and testing methodologies

 

The above statements are intended to describe the general nature and level of work being performed.  They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required of personnel so classified.

 

Bank of the West is an Equal Opportunity employer and proud to provide equal employment opportunity to all job seekers without regard to any status protected by applicable law.   Bank of the West is also an Affirmative Action employer - Minority / Female / Disabled / Veteran.

 

Bank of the West will consider for employment qualified applicants with criminal histories pursuant to the San Francisco Fair Chance Ordinance subject to the requirements of all state and federal laws and regulations.