Compliance Manager, BSA/AML Program
$115,800–$160,100 year
RemoteColumbus, Ohio, United States
Job Summary
Lead the design, execution, and continuous improvement of BSA/AML, Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), transaction monitoring, and sanctions screening processes for secured lending, unsecured lending, and deposit account products. Serve as a BSA/AML Compliance advisor for deposit product initiatives, partnering with Product, Legal, Operations, Engineering, and Enterprise Risk throughout product development and implementation. Develop and manage BSA/AML compliance initiatives, including new deposit product launches, regulatory enhancements, and control improvements. Administer ongoing customer due diligence and enhanced due diligence programs for deposit accounts in alignment with Upstart's Customer Identification Program (CIP), Red Flags Program, and BSA/AML compliance procedures. Evaluate relevant risks and typologies to develop appropriate transaction monitoring rules and efficient investigations processes. Monitor evolving regulatory requirements, including FinCEN guidance, OFAC sanctions, and FFIEC BSA/AML examination expectations, to translate regulatory changes into scalable business processes and controls. Develop key risk indicators (KRIs), key performance indicators (KPIs), and management reporting that provide actionable insights into BSA/AML program effectiveness. Translate regulatory requirements and risk trends into clear recommendations for business stakeholders and senior leadership. Drive remediation efforts for examination, audit, monitoring, and testing findings while strengthening the overall BSA/AML compliance control environment.
Required Qualifications
- Bachelor's degree or equivalent practical experience
- 7+ years of experience in BSA/AML compliance, financial crimes compliance, or a related Risk or Compliance role within a bank or other regulated financial institution
- Experience implementing and managing customer onboarding processes including identity verification, customer due diligence (CDD), enhanced due diligence (EDD), sanctions screening, and ongoing monitoring processes
- Working knowledge of regulatory requirements, including the Bank Secrecy Act (BSA), USA PATRIOT Act, and Customer Due Diligence Rule, and BSA/AML risks associated with deposit products
- Experience developing and delivering AML risk assessments, KRIs/KPIs, and management reporting while leading cross-functional compliance initiatives
- Strong organizational, analytical, communication skills
- Ability to identify gaps in policies and procedures and drive resolution and closure
- Experience in audit and exam readiness, including evidence gathering, testing and monitoring, addressing findings, responding to requests
Desired Qualifications
- Certified Anti-Money Laundering Specialist (CAMS), Certified AML and Fraud Professional (CAFP), or equivalent certification
- Experience supporting deposit products, including high-yield savings accounts, certificates of deposit, brokered deposits, or similar banking products
- Familiarity with implementing BSA/AML tools for transaction monitoring, case management, and customer screening
- Experience working with examiners, auditors, and other third-parties
- Knowledge of regulatory change management and implementing new BSA/AML requirements
- Ability to investigate complex compliance issues, perform root cause analysis, and provide guidance to support issue resolution
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