BSA/AML Operations Manager

Magnit Direct Sourcing on behalf of Toyota is currently hiring an BSA/AML Operations Manager for a temporary assignment in Plano, TX.

This is a 3 month contract. The pay range for this role is between $75 - 125/Hr. Benefits: Medical, Dental, Vision, 401K.

Who We Are

Collaborative. Respectful. A place to dream and do. These are just a few words that describe what life is like at Toyota.

As one of the world’s most admired brands, Toyota is growing and leading the future of mobility through innovative, high-quality solutions designed to enhance lives and delight those we serve.

We’re looking for diverse, talented team members who want to Dream. Do. Grow. with us.

What We’re Looking For

The primary responsibility of this role is to establish a strategic vision of Toyota Financial Savings Bank's (TFSB) Anti-Money Laundering (AML) and Office of Foreign Asset Control (OFAC) programs. This role will oversee the implementation of the AML and OFAC programs for TFSB's first and second lines of defense.

Additionally, this role will participate in and support the development, enhancement, and implementation of the Compliance Management System (CMS) designed to ensure compliance with applicable local, state, and federal laws, rules, and regulations.

What You’ll Be Doing

• Strengthen and lead the development of BSA/AML program elements to support the growth of the bank. These program elements include but are not limited to enhancing controls to prevent and detect potential money laundering activity, implementation of client risk rating methodologies, third-party oversight, and Know Your Customers (KYC) programs
• Responsible for coordinating and monitoring day-to-day BSA/AML compliance along with managing all aspects of the BSA/AML compliance program, including managing the bank's compliance with BSA regulatory requirements
• Lead BSA/AML/OFAC risk assessments for new and improved product and service development enterprise-wide, including evaluating inherent risk and exposure as well as applicable control environment or control augmentations needed for feasible execution and launch of products and services
• Responsible for ensuring that third-party service providers are complying with the requirements of BSA/AML and OFAC
• Serve as the BSA/AML/OFAC SME on enterprise-wide programs and projects
• Provide day-to-day leadership to BSA/AML/OFAC team members
• Develop and conduct training for the business lines related to new and ongoing fraud and AML suspicious activity typologies
• Escalate identified risks to team leadership up to and including the Chief Compliance Officer and Board of Directors
• Keeps current on regulatory expectations and requirements related to the Bank Secrecy Act and other related regulations
• Collaborate with TFSB and affiliate fraud departments to ensure that Bank Secrecy Act requirements are consistently met
  
  

Qualifications / What You Bring (Must Haves)

• Four-year college degree (BA or BS)
• Relevant work experience (in a similar field and/or industry)
• Experience with BSA/AML financial crimes investigations including money laundering, identity theft, terrorist financing, red flags for various transaction activities, fraud, etc.
• Experience providing leadership, development, and strategic direction as a team leader
• Experience interacting successfully with state and federal banking regulatory bodies
  
  

Added Bonus If You Have (Preferred)

• Advanced degree
• Professional certifications including Association of Certified Anti-Money Laundering Specialists, Association of Certified Fraud Examiners (ACFE), Association of Certified Financial Crime Specialists (ACFCS), and/or Certified Regulatory Compliance Manager
• Experience with regulatory compliance processes and procedures pertaining to the Bank Secrecy Act/USA Patriot Act and the Office of Foreign Asset Control (OFAC), including program development and maintenance
  
  

Talented, dedicated people are an integral part of our mission to build the best workforce, working together to create the future of mobility and make the world a better place. We are always on the lookout for diverse, driven, and collaborative talent interested in performing contract work for Toyota.

Click here to join our talent network and be the first in line when a new contingent job opportunity opens at Toyota through Magnit Direct Sourcing.

Magnit is an equal opportunity employer, and all applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, disability, or protected veteran status.

Pursuant to the California Fair Chance Act, Los Angeles County Fair Chance Ordinance for Employers, Los Angeles Fair Chance Initiative for Hiring Ordinance, and San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records. Criminal history may have a direct, adverse, and negative relationship with some of the material job duties of this position. These include the duties and responsibilities listed above, as well as the abilities to adhere to company policies, exercise sound judgment, effectively manage stress and work safely and respectfully with others, exhibit trustworthiness, meet client expectations, standards, and accompanying requirements, and safeguard business operations and company reputation.

QUALIFICATION/LICENSURE

Work Authorization : Green Card, US Citizen

Preferred years of experience : years

Travel required : No travel required