$15 Billion, Bank Compliance, Chicago area
Salary:		$180K - $225K + Bonus (10% - 25%) + Options + Incentives
Contact:		Ralph M. Dahm, I.T. Audit Search, Phone: 630-517-8824, rdahm@itauditsearch.com  (Word or PDF formats)
Job Referrals:		I am willing to accept candidate referrals from Executives
Remarks:		Reports To: Executive VP One of the top 50 bank holding companies in the United States. • $22 billion in assets • $14 billion in loans • $15 billion in deposits • More than 4,900 employees • Serving more than one million customers • Approximately 270 banking offices in more than 150 communities throughout Wisconsin, Illinois and Minnesota • Wisconsin's #1 SBA lender for seven consecutive years as well as #3 in Illinois and #5 in Minnesota • #1 mortgage originator in Wisconsin The bank offers a full range of banking services and other financial products and services: • Consumer and Small Business Banking • Residential Mortgage and Home Equity Lending • Commercial and Commercial Real Estate Lending • Treasury Management, Capital Markets, and Insurance Services • Private Banking, Trust, and Investment Advisory and Brokerage JOB SUMMARY The BSA/AML/OFAC Officer (BSAO) is appointed by the Board of Directors and charged with the responsibility for providing strategic direction, leadership and day to day management for the Corporate BSA/AML/OFAC Program in accordance with FFIEC regulatory guidelines, the Bank Secrecy Act, the U.S.A. Patriot Act and requirements of the Office of Foreign Assets Control (OFAC). This includes managing colleagues in the BSA Department, Management Information Reporting, Regulatory CTR, and SAR Reporting. The BSAO is required to periodically provide reports to the Executive Risk Committee and the Enterprise Risk Committee of the Board of Directors as well as providing required Board of Director BSA training. KEY RESULT AREAS • Strategic Direction • Risk Management • Collaboration • Results driven • Compliance COMPETENCIES • Expert knowledge of BSA, AML and OFAC Laws, Rules and Regulations • Ability to Implement Policies, Procedures & Practices in accordance with applicable laws, rules and regulations • Expert understanding of BSA Risk Assessment practices • Expert understanding of identifying and analyzing "Suspicious Transactions" • Thorough operational understanding of all BSA related applications • Sound understanding of Management principles JOB ACCOUNTABILITIES Frequency % of time 1. Maintain Enterprise wide BSA/AML/OFAC Policies, Procedures, Practices & Internal Controls As needed 10% 2. Responsible for timely Implementation of regulatory changes identified by Corporate Compliance Services. As needed 10% 3. Responsible for maintaining an ongoing corporate wide tailored employee BSA/AML/OFAC training program assuring regulatory compliance with BSA/AML OFAC practices As needed 10% 4. Responsible for effectively managing a risk based surveillance program that provides continuous identification and monitoring of high risk customers and of suspicious transactions As needed 10% 5. Supports the CRO with regulatory liaison activities, including but not limited to: BSA Examination Preparation: Ensures that all responses to requests for information, whether requested prior to or during the examination, are complete and provided in a timely manner including: On-Site Support: Facilitates status meetings Post Examination Activities: Assures timely completion of all regulatory findings. As needed 10% 6. Responsible for ensuring that all CTR and SAR reports meet regulatory requirements and procedural standards. As needed 10% 7. Responsible for the effective use of all systems used in the BSA Department. As needed 10% 8. Responsible for Management of the BSA Department staff. As needed 20% 9. Responsible the timely remediation of Issues identified in connection with CQA testing and/or the impendent reviews As needed 20% 10. May be required to perform other duties at the request of the Chief Risk Officer. As needed 5% JOB SPECIFICATIONS Minimum Education Bachelor's Degree and be a "Certified Anti-Money Laundering Specialist" (CAMS) Preferred Education MBA Minimum Experience A minimum of ten years of progressive BSA Management experience within the financial services industry. Preferred Experience Fifteen+ years of progressive BSA compliance experience within the financial services industry. Job Requirements • Adherence to Company policy and procedures is required. • Perform duties in accordance with the Vision & Values of the bank. • Regular attendance is required. • Basic math and reading skills, and attention to detail. • Use of basic office equipment (e.g. photocopier, voice mail, "fax" machine, calculator, multiple line telephones, typewriter, computers, etc.) • Represent the organization in a professional and positive manner. Supervision Responsible for the management of managers and staff for up to 40 employees. Travel Travel to bank locations is required; travel is estimated up to 10%.

 Reports To:  Credit Risk Officer 

 Company:

 $15 Billion, Banking, Milwaukee 

 Salary:  $150K- $170K + Bonus (10% - 25%) + Possible Options + Incentives 

Company Info:

 • $22 billion in assets

 • $14 billion in loans

 • $15 billion in deposits

 The bank is known for its strong relationships with the customers and communities it serves:

 • More than 4,900 employees

 • Serving more than one million customers

 • Approximately 270 banking offices in more than 150 communities throughout Wisconsin, Illinois and Minnesota

 • Bank has been named Wisconsin's #1 SBA lender for seven consecutive years as well as #3 in Illinois and #5 in Minnesota

 • #1 mortgage originator in Wisconsin

Bank offers a full range of banking services and other financial products and services:

 • Consumer and Small Business Banking

 • Residential Mortgage and Home Equity Lending

 • Commercial and Commercial Real Estate Lending

 • Treasury Management, Capital Markets, and Insurance Services

 • Private Banking, Trust, and Investment Advisory and Brokerage

Position Description:

JOB SUMMARY

This position is responsible for accurate and consistent administration of the loan review analysis of affiliate bank commercial/retail loan portfolios and will provide strategy for the enterprise risk management of the corporation.

KEY RESULT AREAS

 •Portfolio Quality Identification and Management

 •Loan Review Process Coordination and Credit Grading Accuracy

 •Loan Compliance

 •Loan Policy Development

 •Enterprise Risk Management

JOB ACCOUNTABILITIES

The following are essential job accountabilities:

Loan Review

1. Evaluates the condition and quality of individual credits based on financial, collateral and documentation analysis and placing the appropriate loan grade on the account according to current Lending Policy grading criteria.

2. Evaluates compliance with the Loan Approval Process as required in the current Lending Policy.

3. Evaluates compliance with Loan Underwriting requirements as required in the current Lending Policy.

4. Evaluates compliance with proper Credit Administration of the account as required by current Lending Policy.

5. Documents reviews and conclusions regarding findings and assists in the preparation of Loan Review Report.

6. Interacts with lending officers, credit administration, loan servicing and other bank employees in the process of reviewing the portfolio.

7. Responds to requests for special analysis and projects as required by Senior Management.

8. Lead discussion with affiliate management regarding loan grading and conclusions regarding Credit Approval, Credit Underwriting, and Credit Administration condition and scores.

ERM Management

9. Provide strategic guidance for risk-based policies in conjunction with the Enterprise Risk Management Committee.

10. Monitor levels of Risk associated with current lending limits, through system generated reporting.

11. In conjunction with the ERM Committee, establish risk assessment policies and procedures.

12. Align risk appetite to current market strategies.

13. Enhance risk response decisions.

14. Identify and manage multiple and cross-enterprise risks.

15. Monitoring the ongoing management activities centered around ERM.

Additional Department Manager Responsibilities

16. Hire, maintain, mentor and mange sufficient loan review staff to complete the annual reviews of all affiliates.

17. Evaluate and prepare performance and salary reviews on all staff on at least an annual basis.

18. Prepare and control the annual budget for the Corporate Loan Review Department.

19. Edit and prepare all affiliate Loan Review Reports prior to Distribution and monitor Senior Management response.

20. Prepare and deliver summary reports on Loan Review Activity on a periodic basis for Senior Corporate Management, Board of Directors and external examiners and auditors.

21. Provide direction and leadership to the Department to ensure the completion of goals and objecitves

JOB SPECIFICATIONS

Minimum Education: 4-year college degree or equivalent experience

Preferred Education: MBA in Business

Minimum Experience: - 5-7 years previous commercial lending, loan review regulatory examination experience, and/or credit administration experience.

Preferred Experience: - 7-10 years previous commercial lending, loan review, regulatory examination, and/or credit administration experience.

Minimum Field of Expertise: - Loan review/compliance

Skills: Administration:

 - Ability to write effectively

 - Ability to negotiate effectively

 - General knowledge of accounting procedures, business law, bankruptcy code, banking generations, and legal/regulatory

 - Basic computer knowledge

 - Interpersonal skills

 - Analytical and problem-solving skills

 - Oral and Written communication skills

 Contacts: Exchange information with associates, customers, affiliate banks, accountants, correspondent banks, and regulators.

 Compliance: Uphold the bank's philosophy and all procedures by maintaining appropriate controls to ensure full compliance with applicable laws and regulations, thereby fulfilling legal responsibilities and enhancing the quality of our organization.

Contact:   Ralph M. Dahm, I.T. Audit Search, Phone: 630-517-8824, rdahm@itauditsearch.com (Word or PDF formats)

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KYC Remediation Specialists - NYC and Delaware
One of my clients has engaged me to staff a large long-term KYC remediation / due diligence review project on the East Coast.  Here are the details I have now:

KYC remediation experience, former Compliance Officers, or examiners with a Regulatory compliance background. Policy and procedure, big bank experience. Mortgage experience is a plus.

• Regulatory background
• Understanding of High Risk KYC requirements and remediation experience
• Experience at a Global Financial Institution such as HSBC
• Proven ability to work in a highly regulated, demanding and changing environment
• Excellent writing & communication skills

• The absolute best would be:  former examiners for a banking regulator who specialized in compliance, esp AML.  Also former compliance officers at large int’l banks.  Also need: folks who know compliance in retail, small/medium sized business, etc.

The project does not need investigators or cops.  This is not about alert clearing or filing/writing SARs, it is about helping to evaluate / remediate KYC customer files.   
Consultants selected for the team will be given the policy and training, but they will effectively be working for the internal compliance operation.

Contact:   Ralph M. Dahm, I.T. Audit Search, Phone: 630-517-8824, rdahm@itauditsearch.com (Word or PDF formats)