The AML and Anti-Fraud Compliance Senior Manager assist the Assistant Vice President AML Office (AVP-AMLO) with the design, implementation and monitoring of the Anti-Money Laundering and Anti-Fraud compliance program. The purpose of our Compliance Program is to comply with laws and regulations, as well as our internal policies and procedures designed to prevent, detect, and correct any violation of laws, regulations, or policies. Our Compliance Program is dynamic, and we periodically review the Compliance Program to provide assurance that it remains current with applicable laws and regulations and relevant to our advisory business model. The Compliance Senior Manager will assist in ensuring the Company is in compliance with Bank Secrecy Act (BSA), Anti-Money Laundering (AML)/Terrorist Financing, Customer Due Diligence (CDD), Enhance Due Diligence (EDD), Customer Identification Program (CIP), Know Your Customer (KYC), Office of Foreign Asset Control (OFAC) regulatory and program requirements.
We’ve embraced a flexible, hybrid approach to work. Based on your role and personal preference, we empower you to choose where you work best. This model allows you to balance your life and bring your whole self to work.
Responsibilities
- This position will lead teams or programs with minimal oversight. Core responsibilities include:
- Responsible for leading team or program with minimal oversight
- Maintain expert knowledge of subject area
- Manage special projects or initiatives as needed
- Specific responsibilities include:
- Independently manages and oversees a specific component of the AML and Anti-Fraud program ensuring that there are sufficient internal controls to promote an effective control environment and prioritizing focus toward areas identified as having the highest levels of risk to the Company
- Provides thought leadership and serves as subject matter expert for business areas and other control support functions, providing advice with respect to compliance requirements, policies and procedures.
- Cultivates professional relationships with leadership, other control support function, and external regulators
- Strong leadership and strategic vision with a demonstrated ability to identify, plan and execute appropriate strategies to support the evolution of the AML and Anti-Fraud program
- Lead the functional areas with respect to suspicious activity investigations involving fraud, money movement related transactions. This includes instances that are potentially reportable to governmental agencies and/or states
- Assists in conducting AML and Anti-Fraud risk assessment
- Perform monitoring and testing as needed
- Assist with the creation and delivery of compliance training and continuing education to maintain proficiency with laws and regulations affecting the Company
- Assists in fulfilling external regulatory and internal audit requests related to AML and Anti-Fraud examinations
- Assists management in implementing solutions to address examination and audit findings.
- Provides support to the senior management and other business unit management as required.
- Assist with creating and compiling senior management and Board of Directors reporting and regulatory filing metrics
- Monitors regulatory changes, including identifying applicability and enhancement opportunities
- Assist with projects as needed
Required Skills
- Ability to independently lead people or programs
- Relationship management and problem solving skills
- Strong knowledge of regulatory environment, including examination/inquiry handling
- Ability to create, document and monitor processes
- Strong verbal and written communication skills
- Exceptional organizational and prioritization skills with demonstrated ability to manage competing priorities and complete tasks within or prior to deadline
- Ability to work effectively independently and in a collaborative, team-oriented, and fast-paced environment
- Strong attention to detail
- Ability to develop staff
Required Experience
Education
- Bachelor's Degree in Business, Finance, Accounting Legal Studies, or an related field Required
Experience
- Minimum of 7 years of related work experience in Compliance, or Legal or Audit Required
- Minimum of 5 years of technical experience Required
- Minimum of 5 years of experience in life insurance and annuities Required
- Prior experience in a leadership role Required
Licenses and Certifications
- FINRA Series 7, 24, 66/65 and SIE Required
- Professional designations (ex: CPA, CAMS, CFE) Required
Penn Mutual helps people become stronger. Our expertly crafted life insurance is vital to long-term financial health and strengthens people’s ability to enjoy every day. Working with our trusted network of financial professionals, we take the long view, building customized solutions for individuals, their families, and their businesses. We support our financial professionals with retirement and investment services through our wholly owned subsidiary, Hornor, Townsend & Kent, LLC, member FINRA/SIPC.
Base Salary: $110,000 - $140,000