Amalgamated Bank

Head of Financial Crimes Compliance

NEW YORK, NYPosted 30+ days ago

Job summary

  • Job post source

    This job is directly from Amalgamated Bank

  • Job overview

    The Head of Financial Crimes Compliance at Amalgamated Bank leads the bank-wide BSA/AML/OFAC compliance and fraud risk management programs to ensure regulatory adherence and mitigate financial crimes risks.

  • Responsibilities and impact

    The role involves overseeing BSA/AML/OFAC compliance, managing fraud risk programs, conducting risk assessments, reporting suspicious activities, training staff, liaising with regulators, and supervising the fraud risk management team to identify and mitigate fraud.

  • Compensation and benefits

    The starting base salary ranges from $145,000 to $155,000, with actual pay depending on experience and skills; benefits include hybrid work options and equal opportunity employment policies.

  • Experience and skills

    Candidates should have a bachelor's degree or equivalent, 5+ years in financial institution compliance, preferably with BSA/AML certifications like CAMS or CFE, strong communication, organizational skills, and proficiency in Microsoft Office.

  • Work environment and culture

    Amalgamated Bank values diversity, inclusion, and equity, fostering a respectful workplace dedicated to social responsibility and employee/customer values.

  • Company information

    Amalgamated Bank is known as America's Socially Responsible Bank, emphasizing equitable practices and compliance with financial regulations.

  • Job location and travel

    The position follows a hybrid work model requiring three or more on-site days per week with Fridays remote, applicable to office-based roles at Amalgamated Bank.

  • Application process

    Applicants must submit a resume; the bank does not accept unsolicited search firm submissions without agreements, and interviews are required for consideration.

  • Unique job features

    The role uniquely combines leadership of both compliance and fraud risk management programs with a focus on continuous improvement and collaboration with regulatory bodies.

Company overview

Amalgamated Bank is a socially responsible financial institution that offers a range of banking services including personal and business banking, loans, and investment products. Founded in 1923 by the Amalgamated Clothing Workers of America, it has a long history of advocating for workers' rights and social justice. The bank generates revenue through interest on loans, service fees, and investment income. Known for its commitment to sustainability and ethical banking practices, Amalgamated Bank is a certified B Corporation, emphasizing its dedication to social and environmental performance.

How to land this job

  • Position your resume to underscore your expertise in managing comprehensive BSA/AML/OFAC compliance programs, emphasizing regulatory knowledge and leadership in fraud risk management.

  • Highlight your experience with policy development, risk assessment, suspicious activity reporting, and collaboration with regulatory bodies to demonstrate alignment with the job's core responsibilities.

  • Apply through multiple channels including Amalgamated Bank's corporate careers page and LinkedIn to maximize your application visibility for this leadership role.

  • Network by connecting on LinkedIn with professionals in Amalgamated Bank’s compliance and fraud risk divisions; use ice breakers such as commenting on the bank’s commitment to social responsibility or asking about recent regulatory challenges they’ve navigated.

  • Optimize your resume for ATS by incorporating key terms from the job description like 'BSA/AML/OFAC compliance,' 'fraud risk management,' 'suspicious activity reports,' and 'regulatory examinations' to ensure it passes automated screenings.

  • Leverage Jennie Johnson's Power Apply feature to automate tailoring your resume, identifying the best application portals, and discovering LinkedIn connections, allowing you to focus more on preparing for interviews and strategic networking.

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