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Head of Financial Crimes Compliance & BSA Officer

Head of Financial Crimes Compliance & BSA Officer

Texas Capital BankRichardson, TX, US
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Brief Overview Of Position

The BSA Officer is responsible to execute and oversee the Bank's Financial Crimes Compliance Program, which includes the implementation of the BSA / AML, OFAC, and Fraud programs and policies consistent with applicable regulations and industry guidelines, and the oversight of related procedures and processes. The role effectively serves as the head of Financial Crimes Compliance for the Firm, reports to the Chief Compliance Officer (Managing Director), and is part of the Corporate Compliance Department.

Responsibilities

  • Design, enhance, execute, oversee and administer the Bank's Financial Crimes Compliance Program (the "Program"), inclusive of but not limited to Anti-Money Laundering, Counter-Financing of Terrorism, Office of Foreign Assets Control, and the Fraud risk management programs.
  • Execute an effective Financial Crimes Compliance Program by :

Enabling the identification, communication and operationalization of applicable regulations,

  • Fostering an understanding of associated compliance risk(s) across the organization, as applicable, and
  • Influencing the development of suitable risk mitigation strategies.
  • Act as a trusted advisor and primary subject matter expert for internal and external stakeholders on matters related to Financial Crimes risk management
  • Act as the Bank's primary liaison during regulatory exams, internal audits, and third-party assessments on matters related to Financial Crimes risk management
  • Assist in the execution of and act as key advisor for the Bank's BSA / AML and OFAC Risk Assessments
  • Identify key financial crimes compliance risk across the organization and drive and influence corresponding transformation of control environment
  • Manage critical technology and associated vendor relationships to ensure successful execution of the Program
  • Serve as lead regulatory change management subject matter expert in all aspects of the Program and oversee the implementation and operationalization of all relevant regulatory changes
  • Prepare and deliver management reporting on KRIs, KPIs, and any significant developments within the Program
  • Oversee the development and implementation of the Bank's Financial Crimes Compliance Training Program
  • Prepare and / or deliver of Board of Director reporting and training materials
  • Maintain knowledge of latest industry guidelines and best practices
  • Manage departmental expenses and annual budget
  • Recruit, train, and retain talent within the department
  • Partner effectively across all levels of the organization and develop positive working relationships
  • Lead in a fast-paced, dynamic, collaborative, and transformative environment
  • Manage and execute multiple complex projects within the required timelines
  • The duties listed above are the essential functions, or fundamental duties within the job classification. The essential functions of individual positions within the classification may differ. Texas Capital Bank may assign related additional duties to individual employees consistent with standard departmental policy.

    • Qualifications

  • Possess a minimum 10 years of work experience at financial institutions in a relevant field (e.g., BSA / AML, Fraud risk management)
  • Possess a minimum of 7 years of people leadership experience
  • Be a subject matter expert in relevant compliance topics, including but not limited to Anti-Money Laundering, Office of Foreign Assets Control regulations, and Fraud risk management
  • Be self-motivated, well organized, and detail oriented so as to handle complex and concurrent assignments
  • Have a high degree of integrity, a strong work ethic, and an ability to work independently while leading a team of compliance professionals
  • Have outstanding problem-solving skills, with a strong analytical, data-driven work style
  • Possess a keen attention to detail, but also the ability to see the big picture
  • Superb communication skills and the ability to influence all levels of management and external partners
  • Hold a bachelor's degree in a related field or equivalent years of experience (required)
  • Hold an advanced degree in a related field (e.g., law or accounting) (preferred)
  • Hold an applicable industry certification, such as CAMS or CFCS (preferred)
  • The duties listed above are the essential functions, or fundamental duties within the job classification. The essential functions of individual positions within the classification may differ. Texas Capital is an Equal Opportunity Employer.
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    Head Of Compliance • Richardson, TX, US