Job Description

Position Title BSA / AML Risk Advisor Location New York, NY 10018 Job Summary The AML Advisory function plays a critical role in developing and maintaining a robust AML / BSA / KYC program that ensures the Bank's compliance with consumer protection laws and regulations. By addressing associated risks and integrating compliance into daily operations, AML Advisory helps safeguard both consumers and the institution. As a key partner to business unit risk teams, the AML Advisor actively supports the BSA / AML & Sanctions program. This role requires deep expertise in business processes and BSA / AML regulations, positioning the advisor as a subject matter expert for the assigned business unit. The AML Advisor not only provides guidance on regulatory compliance but also helps mitigate potential risks, reinforcing the organization's commitment to ethical and regulatory standards. Ultimately, this position is vital to the success of the BSA / AML & Sanctions department and plays an integral role in the company's overall risk management strategy. Pay Range $140,621 - $186, 323 - $232,025Pay Range : Local Minimum Wage - $0.00 - $0.00 Job Responsibilities : Collaborate with assigned business units (BUs) to stay informed on objectives, strategies, new initiatives, and emerging AML & BSA risks. Stay up to date on BU processes and applicable regulations. Provide advice, counsel, and recommendations to BUs on AML, BSA and KYC-related questions or concerns. Periodically review policies and procedures (especially changes) to ensure they align with regulatory requirements. Assist in developing and implementing action plans to comply with new or revised regulations. Review new and existing vendors. Coordinate with BSA Governance team on risk assessments. Monitor various risk indicators—such as Key Risk Indicators (KRIs), Quality Control (QC) results, testing results, Issue Management reports, customer complaints, and risk assessment findings—to identify weaknesses and assist in remediation. Ensure adherence to applicable BSA / AML and KYC regulations at the federal, state, and local levels. Maintain knowledge of internal BSA / AML policies and procedures and ensure policies and procedures remain up to date. Maintain subject matter expertise and stay informed on evolving AML / KYC regulations and industry best practices. May be responsible for talent management functions including : employment, performance evaluations, staff development / training, disciplinary actions, succession planning and ensuring all staff comply with compliance requirements.

ADDITIONAL ACCOUNTABILITIES

Performs special projects, and additional duties and responsibilities as required. Consistently adheres to regulatory and compliance policies and standards linked to the job as listed and complete required compliance trainings. Accountable to maintain compliance with applicable federal, state and local laws and regulations.

JOB REQUIREMENTS

Required Qualifications : Education level required : Undergraduate Degree (4 years or equivalent) in Business Administration, Finance, Accounting, Law or related field, or equivalent work experience. Minimum experience required : 10+ Years of experience in a Risk, Compliance, Fraud or BSA / AML Experience in AML / KYC, Risk Management, or Internal Audit within financial institutions, including bank operations in areas such as mortgage originations, mortgage servicing, and community banking. Preferred Qualifications : Advanced PC systems skills including proficiency with Microsoft Word, Excel, PowerPoint and other reporting systems. CAMS Preferred Job Competencies : Strong knowledge of AML / KYC regulations and regulatory requirements impacting financial institutions. Ability to build strong relationships to enhance collaboration in AML / KYC processes. Ability to adapt communication style, actively listen, and work effectively with stakeholders to ensure seamless teamwork in risk management and compliance efforts. Ability to take a proactive approach to BSA / AML and KYC responsibilities, initiating risk-based decisions and actions that align with the organization's financial crime prevention strategies. Ability to achieve regulatory compliance and risk mitigation while fostering a culture of accountability and performance. Demonstrates a strong commitment to ethical behavior, high personal integrity, and a sound work ethic essential for AML / KYC professionals. Consistently treats colleagues and customers with professionalism and respect, ensuring timely responses and effective collaboration in AML and KYC-related matters. Physical demands (ADA) : No unusual physical exertion is involved. Flagstar is an Equal Opportunity Employer Flagstar provides teammates access to a variety of benefits including medical, dental, vision, life, and disability insurance, as well as a comprehensive leave program. Please click the following link for detailed information : Qualified applicants with arrest or conviction records will be considered for employment in accordance with the California Fair Chance Act, the Los Angeles County Fair Chance Ordinance, the City of Los Angeles Fair Chance Initiative for Hiring Ordinance, and the San Francisco Fair Chance Ordinance, as appliable. #J-18808-Ljbffr Flagstar Bank

Job Tags

Minimum wage, Work experience placement, Local area,

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