Compliance - Jacksonville, FL | Newark (NJ), NJDirector, Compliance - AML & Sanctions Operations
About the position
Director Compliance, AML Operations
Prudential’s Corporate Anti-Money Laundering Unit (“AMLU”) is part of the Corporate Compliance Operations team and supports corporate level compliance monitoring of AML and sanction risks associated with Prudential US businesses.
The Director Compliance, AML Operations leads and maintains oversight of the daily operations of the AMLU and is accountable for Corporate level AML and Sanctions compliance. AMLU responsibilities include AML and sanctions screening, investigations, enhanced due diligence and suspicious activities monitoring, gathering and analyzing metrics, and collaboration with the Corporate AML Officer and business unit stakeholders to assure AMLU Operations activities are in alignment with overall AML program risk methodology. The Director will manage a multi-location team to successfully discharge his or her duties.
The Director Compliance, AML Operations will report to the Vice President of Corporate Compliance Operations.
Specifically, key responsibilities include:
- Oversee day-to-day activities of AMLU Operations team to ensure tasks are adequately planned, executed, measured and monitored. Prioritization of time sensitive regulatory activities and case management to assure compliance with regulations (OFAC, SAR filings, wires and high-risk transactions review, FinCEN 314(a), etc.).
- Provide oversight and guidance on AML operational approach and workflows in a clear and concise manner to support optimization efforts.
- Develop staff investigative skills and experience to enable effective handling and sound execution of activities and complex investigations.
- Decisions and research on handling high complex case reviews and investigations.
- Conduct risk-based analysis to ensure that systems and processes are effective and appropriately optimized, including scenario-tuning and sampling (above/below the Line) methodologies.
- Manage and coordinate response to regulatory or audit related requests.
- Partner with business unit stakeholders to help assure AMLU awareness of business specific risks for effective corporate monitoring, collaborate on investigations, and guidance on 1st line controls as needed.
- Responsible for providing draft suspicious activity reports (SARs) to AML Officer for completion and filing.
- Provide AML and Sanction subject matter expertise.
- Management of AML/OFAC related projects (including system implementations).
- Maintain in-depth knowledge of regulatory requirements (e.g., BSA, AML & OFAC), industry developments and best practices, and new and amended laws and regulations relevant to AMLU Operations.
- Maintain AMLU Operation policies, procedures, and systems.
Provide support to the Vice President, Compliance Operations on activities or projects as needed.
- Minimum 8-10 years operational anti-money laundering (AML) and sanctions compliance experience, of which 3+ years should be in AML team leadership role (including direct supervision) in wealth management, broker dealer, insurance, or mutual funds industry.
- Experience in drafting/narrating/filing SARs, and conducting complex investigations and analysis.
- Excellent workflow and project management experience. Results oriented, adaptable and comfortable with change based on business demands, and ability to manage complexity.
- Analytical skills required, including excellent attention to detail, with ability to exercise prudent judgment to provide practical solutions and prioritize a diverse workload with time-sensitive regulatory deadlines.
- Knowledge of Mutual fund, Life Insurance, Annuities, and/or retail Broker/Dealer products required.
- Advanced hands-on experience with AML transaction monitoring, sanctions screening, and case management systems (e.g., Actimize, Mantas, etc.). Technology learning agility/tech savvy.
- Strong verbal and written communication skills.
- Demonstrable strong knowledge of anti-money laundering and/or OFAC compliance principles.
- Bachelor degree required.
Prudential is a multinational financial services leader with operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. The company's well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services.
We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit www.prudential.com to learn more about our values, our history and our brand.
Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status, or any other characteristic protected by law.
Note that this posting is intended for individual applicants. Search firms or agencies should email Staffing at firstname.lastname@example.org for more information about doing business with Prudential.