Offer summary

Qualifications:

Undergraduate Degree in Business, Finance, Management, or related field required; Master's Degree preferred., 10+ years of experience in project/program management and leading AML initiatives within a financial institution., Strong knowledge of BSA/AML regulations and compliance requirements., Ability to assess AML risks and implement risk mitigation strategies..

Key responsabilities:

Oversee and enhance the BSA/AML and Sanctions compliance program to ensure regulatory adherence.

Lead initiatives to strengthen AML risk management and align with the organization's risk strategy.

Analyze Key Risk Indicators and regulatory findings to drive program improvements.

Collaborate with internal stakeholders to integrate AML compliance into business operations.

Job description

Position Title

Sr. BSA/AML Program Manager

Location

Troy, MI 48098

Job Summary

The Senior BSA/AML Program Manager is responsible for overseeing and enhancing the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), and Sanctions compliance program to ensure adherence to regulatory requirements and industry best practices. This role plays a key part in the development, implementation, and ongoing management of policies, procedures, and controls designed to detect, prevent, and mitigate financial crime risks.

The Senior Program Manager will collaborate with internal stakeholders, including business units, risk management, and senior leadership, to assess AML risk exposure, implement strategic initiatives, and drive compliance effectiveness.

The ideal candidate possesses deep knowledge of BSA/AML regulations, strong leadership skills, and experience managing complex compliance programs. This position is critical in maintaining a strong compliance culture while supporting business growth and regulatory expectations.

Pay Range $140,621 - $186,323 - $232,025

Job Responsibilities:

JOB RESPONSIBILITIES

Support the implementation of the Bank’s BSA/AML and Sanctions compliance program to ensure adherence to federal, state, and local regulations.
Lead initiatives to strengthen AML risk management and ensure alignment with the organization’s overall risk strategy.
Analyze Key Risk Indicators (KRIs), regulatory findings, and internal audit results to drive program improvements.
Act as a key advisor to the Deputy Chief AML Officer.
Develop procedures for high-risk customer monitoring and risk scoring methodologies.
Maintain and enhance BSA/AML policies, procedures, and internal controls to ensure regulatory compliance.
Work with internal stakeholders to integrate AML compliance requirements into business operations.
Partner with business units, risk teams, and senior management to address AML-related risks and develop strategic initiatives.
Lead internal working groups and committees focused on AML program enhancements.
Provide mentorship and guidance to junior compliance team members.
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) Business, Finance, Management, or related field.
Minimum experience required: 10+ Years in project/program management and experience leading AML initiatives, projects, and teams within a financial institution.

Preferred Qualifications:

Education level preferred: Master's Degree (or Postgraduate equivalent) Business, Finance, Management, or related field

Job Competencies:

Strong knowledge of BSA/AML regulations and regulatory requirements impacting financial institutions.
Familiarity with AML compliance software, transaction monitoring systems, and case management tools.
Ability to interpret and apply regulatory changes to enhance the AML compliance program.
Strong ability to assess AML risks, identify control gaps, and implement risk mitigation strategies.
Skilled in drafting, implementing, and maintaining BSA/AML policies, procedures, and internal controls.
Strong critical thinking and problem-solving skills to evaluate complex AML issues.
Ability to make sound risk-based decisions in high-pressure situations.
Commitment to maintaining the highest level of ethical conduct in financial crime prevention.
Ensures transparency and accountability in AML compliance operations.
Minimal travel required
Physical demands (ADA): No unusual physical exertion is involved.

Flagstar is an Equal Opportunity Employer.

Required profile