BSA Manager - OFAC (Finance)
Wintrust is a financial holding company with approximately $62 billion in assets whose common stock is traded on the NASDAQ Global Select Market. Guided by its “Different Approach, Better Results” philosophy, Wintrust offers the sophisticated resources of a large bank while providing a community banking experience to each customer. Wintrust operates more than 200 retail banking locations through 16 community bank subsidiaries in the greater Chicago, southern Wisconsin, west Michigan, northwest Indiana, and southwest Florida market areas. In addition, Wintrust operates various non-bank business units, providing residential mortgage origination, wealth management, commercial and life insurance premium financing, short-term accounts receivable financing/outsourced administrative services to the temporary staffing services industry, and qualified intermediary services for tax-deferred exchanges. Our unique business model is a competitive strength and value driver, powered by our talented colleagues who put our customers first and achieve better results for our clients.
Why join us?
An award-winning culture! We are rated a Top Workplace by the Chicago Tribune (past 10 years) and Employee Recommended award by the Globe & Mail (past 6 years).
Competitive pay and discretionary or incentive bonus eligible.
Comprehensive benefit package including medical, dental, vision, life, a 401k plan with a generous company match and tuition reimbursement to name a few.
Family-friendly work hours.
With 175+ community bank locations, we offer opportunities to grow and develop in your career.
Promote from within culture.
Why join this team?
Hybrid Work Schedule – Split your time working remotely one day per week and at our Corporate Headquarters in Rosemont, IL
An entrepreneurial culture with opportunity for growth
Position Summary
A key leadership role within the corporate BSA/AML program managing high-risk enterprise-wide OFAC / sanctions as the AVP Holding Company BSA/OFAC Officer and Manager for the WTFC OFAC unit. This role provides enterprise-wide leadership expertise, oversight, guidance, strategies and direction related to sanctions as issued by the Office of Foreign Asset Control (OFAC) along with assisting with BSA/AML Regulations and the USA PATRIOT Act. This position is responsible for the growth and development of the OFAC team members and supporting professional development efforts across BSA/AML, Compliance and key areas of WTFC.
What You'll Do
Formulate and execute a multi-year strategy and vision for a best-in-class OFAC program, linking policy, technology, data, and enterprise-wide partnerships to succeed.
Development and oversight of the high risk and continuously evolving OFAC and sanctions functions, including maintenance of the OFAC policies and procedures, performing section 314(a) information sharing, OFAC list updates, preparing reports on blocked/rejected transactions, and escalation of serious OFAC compliance issues.
Management of the OFAC sanctions team including: coverage, maintaining SLA's, training, and individual development.
Be the subject matter expert in providing OFAC regulatory guidance to deliver advice based on a wide breadth of OFAC competencies.
Identify potential areas of sanctions compliance vulnerability and risk, propose solutions to resolve issues, and provide guidance for future avoidance of similar issues.
BSA Project Management Leadership with cross-functional teams and drive solution-oriented objectives.
BSA oversight for risk assessments and monitoring for new products and services. Review and provide enhancements to risk assessments, policy and procedures and provide risk assessment guidance on emerging trends, products and services.
Qualifications
7-10 years of banking experience, 3-5 years of BSA experience, and 3-5 years Managerial experience.
Applicable banking project management experience.
CAMS certified or willing to become CAMS certification after date of hire.
Bachelor's degree preferred.
Sound management skills, strong written and oral communication skills, problem solving and time management skills, knowledge of OFAC screening systems and industry best practices.
Benefits
Medical Insurance • Dental • Vision • Life insurance • Accidental death and dismemberment • Short-term and long term Disability Insurance • Parental Leave • Employee Assistance Program (EAP) • Traditional and Roth 401(k) with company match • Flexible Spending Account (FSA) • Employee Stock Purchase Plan at 5% discount • Critical Illness Insurance • Accident Insurance • Transportation and Commuting Benefits • Banking Benefits • Pet Insurance
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From our first day in business, Wintrust has been proud to serve a variety of unique communities and people from all walks of life. To be Chicago's Bank® and Wisconsin's Bank®, we need to reflect that diversity both in all the communities we serve, the people we employ, the organizations we work with, and our banking and lending practices. Wintrust Financial Corporation, including community banking and financial services subsidiaries, is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, sex, sexual orientation, gender identity and expressions, genetic information, marital status, age, disability, or status as a covered veteran or any other characteristic protected by law.
