Description

ABOUT US

Coastal Community Bank is a little bit of banking and a little bit of tech-ing. The people at Coastal don't just help people with their banking; they help reshape how banking technology allows and serves EVERYONE. We think and work like entrepreneurs, always moving and constantly improving. We care about each other, are go-getters, work hard, and play hard. If you're someone who thrives on innovation, wants to help others succeed, knows how to think outside the box, and believes that we're all in this together -- you belong here.

WHAT YOU’LL DO AT COASTAL

The AML Operations team reviews alerts from OFAC, 314a and other watchlist screening. They are responsible for responding to CIP/OFAC exception/review inquires. The manager also conducts/documents weekly/monthly Quality Control (QC) reviews, provides monthly updates for the Executive Team and Board of Directors report and assists with implementation of new fintech partners. The team also works with the Financial Crimes Technology and Analytics team to tune CRS/Watchlist settings rules and conduct below the line testing. Policies and procedure directly related to the above tasks are reviewed and updated by the manager.

HOW YOU’LL DO IT

• Provide internal service in accordance with Coastal Core Values.
• Coordinate the search and respond to Financial Crimes Enforcement Network (FinCEN) 314(a) requests.
• Effectively implement controls and processes to ensure compliance with the requirements for CTR Exemptions.
• Maintain effective internal control environment to achieve satisfactory audit and QC results for areas of responsibility.
• Oversee OFAC resolution when matches occur and ensure effective procedures are in place to monitor assigned OFAC systems.
• Demonstrate compliance with AML and OFAC regulations and keep up to date on regulatory changes.
• Adhere to defined SLA timelines.
• Help to develop a team of highly motivated, result-oriented individuals through effective leadership practices, while ensuring adequate staffing levels to maintain efficient team performance, which includes coaching/mentoring of all analysts.
• Implement measures to monitor effectiveness of analysts including weekly/monthly Quality Control (QC) reviews.
• Assist and coach team members to improve overall efficiency, effectiveness, and career growth.
• Drive process improvements to create greater effectiveness and efficiency within all areas of responsibility.
• Provide monthly updates to be included in Senior/Executive management and Board reports.
• Work with the Financial Crimes Technology and Analytics team to tune CTR and Watchlist settings and conduct below the line testing.
• Research, resolve and communicate operational issues and potential problems to the Head of Financial Crimes Operations and/or other business units.
• Coordinate the development of written procedures and develop processes under the guidance of the Head of Financial Crimes Operations to ensure completion of required tasks. May assist in the development of enterprise-wide policies, procedures and required risk assessments.
• Demonstrate compliance with bank regulations and keep up to date on regulation changes.
• Participate in audits, exams, sanctions risk assessments and BSA/AML risk assessments.
• Provide advisory services to certain business lines.