Senior AML/CFT Compliance Officer - Crypto EDD Oversight (Remote)

About the position This is a remote role that may be hired in several markets across the United States. The Senior AML/CFT Compliance Officer is a senior individual contributor role responsible for the 2nd line oversight and effective challenge of 1st line enhanced due diligence activities performed for clients and prospects involved in cryptocurrency-related and other high-risk business categories. This position requires advanced expertise in financial crime compliance, strategic thinking, and the ability to influence behavior and drive change across the organization. The officer will review complex business models and EDD documentation to confirm appropriate documentation and rationale to support decisions to onboard or retain clients. This role may provide expert guidance to business units and collaborate with senior management to develop and implement AML/CFT strategies that align with regulatory requirements and industry best practices.

Responsibilities

• Timely review and challenge of enhanced due diligence materials gathered by 1st line teams
• Assess a broad array of internal and external data to determine risks posed and ensure decisions align to internal policies, procedures, standards, and risk appetite.
• AML/CFT Program Leadership and Strategy - Leads the analysis of external laws and regulations, including regulatory expectations related to the cryptocurrency industry, as well as internal processes and systems, related to AML/CFT. Develops and revises policies, procedures, and controls to ensure regulatory compliance and mitigate financial crime risks. Provides strategic direction and oversight for the AML/CFT EDD Oversight program, aligning it with organizational goals and risk appetite.
• Complex Investigations, Due Diligence, and Advisory - Manages a portfolio of highly complex and sensitive AML/CFT effective challenge reviews. Provides expert guidance to business units and internal stakeholders on AML/CFT matters including cryptocurrency diligence and regulatory alignment. Conducts Due Diligence Reviews on complex higher risk clients and business types.
• Quality Assurance, Testing, and Training - Develops and implements quality assurance and testing methodologies for AML/CFT processes and controls. Oversees the execution of testing and effective challenge reviews. Develops and delivers training programs on AML/CFT compliance for employees at all levels.
• Data Analysis, Reporting, and Innovation – Provides guidance to support development of data analytics tools and strategies to enhance AML/CFT monitoring and risk detection, including for cryptocurrency-related clients. Prepares comprehensive reports for senior management and the board on AML/CFT risks and trends. Identifies opportunities for innovation and process improvement within the AML/CFT oversight program.
• Regulatory Engagement and External Relations - Serves as a point of contact for regulatory agencies and external auditors on AML/CFT matters. Represents the organization in industry forums and regulatory discussions related to AML/CFT. Monitors regulatory developments and emerging risks in the financial crime landscape, including related to the cryptocurrency industry.

Requirements

• Bachelor's Degree and 6 years of experience in Experience in AML/CFT compliance, investigations, or related field; CAMS certification strongly preferred; Deep understanding of BSA/AML regulations, OFAC, KYC, and other relevant regulatory requirements; Experience with AML/CFT software, data analytics tools, and case management systems; Strong leadership, communication, and problem-solving skill
• High School Diploma or GED and 10 years of experience in Experience in AML/CFT compliance, investigations, or related field; CAMS certification strongly preferred; Deep understanding of BSA/AML regulations, OFAC, KYC, and other relevant regulatory requirements; Experience with AML/CFT software, data analytics tools, and case management systems; Strong leadership, communication, and problem-solving skill

Nice-to-haves

• License or Certification Type: CAMS certification with specialization in Cryptocurrency risks strongly preferred
• Demonstrated relevant experience performing due diligence and/or oversight of high-risk client onboarding including cryptocurrency-adjacent clients.
• Skill(s): Deep understanding of BSA/AML regulations, OFAC, KYC, and other relevant regulatory requirements, including regulations related to the cryptocurrency industry; Experience with AML/CFT software, data analytics tools, and case management systems; Strong leadership, communication, and problem-solving skills

Benefits

• Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits.

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