| Bank Secrecy Director Job Description |
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| The following is a full job description for Bank Secrecy Director. Here are the requirements and responsibilities for Bank Secrecy Director along with statistics. If after reading this page you determine that Bank Secrecy Director is not the position you are looking for, you may want to try one of these similar titles: Bank Secrecy Analyst II, Bank Secrecy Analyst I, Bank Secrecy Officer, Bank Secrecy Senior Officer, Bank Secrecy Support Specialist, Bank Secrecy Senior Support Specialist, Bank Secrecy Analyst III, Bank Compliance Officer, Channel Sales Director |
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| Requirements and Responsibilities For Bank Secrecy Director |
| Directs the overall organizational strategy, policies, and procedures used to comply with current anti-money laundering (AML) regulations and other governmental anti-terrorist financing programs. Implements oversight systems, interdiction software, and audit processes to perform daily transaction monitoring and identify suspicious activity patterns. Ensures adherence to Know Your Customer (KYC) protocols and regulatory requirements for required filings and reporting. Possesses extensive knowledge of the latest financial regulations and best practices for risk management. Oversees investigations of suspicious activity and develops corrective actions and analysis of losses. Designs compliance training with up-to-date regulatory information and procedures to develop well-informed staff. Understands banking regulations such as the US Bank Secrecy Act (BSA) or other governmental anti-money laundering laws. Requires a bachelor's degree. Typically reports to senior management. Manages a departmental sub-function within a broader departmental function. Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure. Typically requires 5+ years of managerial experience. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function. |
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| Also referred to as: Anti-Money Laundering (AML) Director, Bank Secrecy Act Director, Banking Regulatory Compliance Director, BSA Director, Compliance & Bank Secrecy Director |
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| Similar Jobs: Bank Secrecy Analyst II, Bank Secrecy Analyst I, Bank Secrecy Officer, Bank Secrecy Senior Officer, Bank Secrecy Support Specialist, Bank Secrecy Senior Support Specialist, Bank Secrecy Analyst III, Bank Compliance Officer, Channel Sales Director |
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| Level of Education: Bank Secrecy Director Salaries with No Diploma, Bank Secrecy Director Salaries with a High School Diploma or Technical Certificate, Bank Secrecy Director Salaries with an Associate's Degree, Bank Secrecy Director Salaries with a Bachelor's Degree, Bank Secrecy Director Salaries with a Master's Degree or MBA, Bank Secrecy Director Salaries with a JD, MD, PhD or Equivalent |
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| Industries: Edu., Gov't. & Nonprofit, Financial Services | |
