Job Description

If you’re looking for a meaningful career, you’ll find it here at Webster. Founded in 1935, our focus has always been to put people first--doing whatever we can to help individuals, families, businesses and our colleagues achieve their financial goals. As a leading commercial bank, we remain passionate about serving our clients and supporting our communities. Integrity, Collaboration, Accountability, Agility, Respect, Excellence are Webster’s values, these set us apart as a bank and as an employer.  

Come join our team where you can expand your career potential, benefit from our robust development opportunities, and enjoy meaningful work!

Job Description Summary:

The Director BSA is responsible for managing a team of BSA Managers and Analysts within the Enterprise Financial Crimes (EFC) team to ensure compliance with BSA/AML, OFAC, KYC, CTR and MIR regulations, policies and procedures. Assumes leadership role in Managing Directors absence. The BSA Director is also required to perform complex and detailed financial forensic reviews and analyses of client transactions and other financial statements to detect suspicious activity, money laundering patterns, U.S. Sanctions violations, KYC violations, fraudulent activity, terrorist financing trends, anomalies, and other types of financial crimes. The BSA Director is required to prepare detailed investigation reports that logically outline investigative steps taken, research completed, recommendations and decisions made, as well as train senior and junior level analysts. This position reports into the Managing Director (MD) of Enterprise Financial Crimes and assumes a leadership role in the SMDs absence and liaisons with law enforcement as needed.

Major Duties & Responsibilities:  

  •  Provides management oversight of BSA Manager, senior and junior level BSA Analysts’ work product for quality, consistency, and adherence to EFC procedures prior to submission to FinCEN.
  • Demonstrates masterly level knowledge of BSA/AML compliance during their duties; including but not limited to, BSA, U.S.A. Patriot Act, CIP and OFAC regulations
  • Educate, train, and develop team on effectively and efficiently identifying and reporting suspicious activity
  • Identifies financial crimes risks and trends through analysis of historical activity. Stays up to date on developments and trends in the industry.  Recommends and implements actions to ensure such risks are appropriately understood and mitigated.
  • Reviews suspicious transaction referrals from LOB and manages appropriate decisioning and dispensation process.
  • Ensures timely resolution of analysts’ alerts, cases and other assignments
  • Assists in the EFC cross team testing and monitoring of Suspicious Activity Reports (SARs), Enhanced Due Diligence Reports (EDD), KYC and Sanctions Screening reviews and investigations
  • Act as a Subject Matter Expert (SME) and may be required to communicate with Webster Bank's Lines of Business (LOB) to provide guidance with Bank Secrecy Act (BSA)/Anti-Money Laundering (AML), U.S.A. Patriot Act and OFAC laws and regulations.
  • Attract, retain, and develop a team of talented BSA professionals.
  • Provide continuous support to the Managing Director of BSA
  • Assists with policy and procedure writing and staff member development through training and mentoring

 Education, Experience & Skills:

  • Criminal Justice or related field
  • 8+ years of experience in corporate compliance, banking, investigations or related BSA/AML field.
  • Extensive knowledge of internal control structure and all BSA/AML laws and regulations
  • Strong analytical, computer, presentation, and written and verbal communication skills.
  • Able to interact effectively with all levels of management and legal counsel
  • Superb attention to detail.
  • ACAMS certification required

The estimated salary range for this position is $110,000USD to $130,000USD. Actual salary may vary up or down depending on job-related factors which may include knowledge, skills, experience, and location. In addition, this position is eligible for incentive compensation.

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All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.

Application Instructions

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