Director - Financial Intelligence Unit

JOB SUMMARY

The Financial Intelligence Unit Director is responsible for certain aspects of the Bank's ML/CFT program and assists in meeting and maintaining BSA/AML compliance requirements of the Bank. Complies with all applicable, federal and state laws, regulations and guidance, including those related to Anti-Money Laundering (i.e. Bank Secrecy Act, USA PATRIOT Act, etc.), as well as adhering to the Bank’s policies and procedures to mitigate risk exposure to the Bank.

Responsible for developing, implementing, and maintaining a stand-alone Financial Investigations Unit (FIU) to oversee all AML Alert and Investigation reviews and Suspicious Activity Reports (SAR) filings for the Bank. Directs and manages a team of managers responsible for transaction monitoring and surveillance, using a case management system and other channels to identify and report suspicious behavior and transactional activity to help prevent, detect, and deter ML/TF and other illicit financial activity using a risk-based approach. Also responsible for appropriate and required regulatory reporting. Ensures that all company activities meet applicable banking regulatory requirements.

JOB RESPONSIBILITIES

• Develop, implement, and maintain a comprehensive Investigative Standards procedure and documentation.
• Create and implement robust quality control methodologies and a performance scorecard to ensure ongoing evaluation and improvement.
• Monitor, oversee, and review alert dispositioning processes, Suspicious Activity Report (SAR) determinations, and related filings.
• Conduct periodic enhanced due diligence (EDD) reviews based on specific triggers to ensure compliance and risk mitigation.
• Lead and/or conduct specialized investigations, including National Security Letters (NSLs), subpoenas, Section 314(a) and (b) requests, and insider threat cases.
• Manage and oversee complex investigations involving multiple accounts, human trafficking, smuggling, drug trafficking, terrorism financing, and other high-risk activities.
• Oversee screening operations related to high-risk areas, including OFAC Level 1 sanctions, negative news, and politically exposed persons (PEP)
• Responsible for talent management functions including: employment, performance evaluations, staff development/training, disciplinary actions, succession planning and ensuring all staff comply with compliance requirements.

ADDITIONAL ACCOUNTABILITIES

• Performs special projects, and additional duties and responsibilities as required.
• Consistently adheres to regulatory and compliance policies and standards linked to the job as listed and complete required compliance trainings.  Accountable to maintain compliance with applicable federal, state and local laws and regulations.

JOB REQUIREMENTS

Required Qualifications:

• Education level required: Undergraduate Degree (4 years or equivalent)  Business, Finance, Criminal Justice or related field.
• Minimum experience required: 15+ Years experience in banking and compliance, working with AML/OFAC, and experience conducting financial investigations.
• Minimum seven (10) years of management experience and/or experience leading and directing staff.

• ACAMS Certification.

Preferred Qualifications:

• Education level preferred: Master's Degree (or Postgraduate equivalent) in Business, Finance, Criminal Justice or related field.
• Experience working in the public sector.

Job Competencies:

• Excellent knowledge of BSA/AML and OFAC related regulations with the ability to interpret the laws and implement into the policies and procedures. 
• Experience with ACTIMIZE preferred.
• Possess analytics and investigative skills.
• Strong leadership, management and public speaking skills.
• Ability to work in high-pressure/high-stake environments.
• Ability to make independent judgements and work under minimal supervision.
• Intermittent travel may be required.
• Physical demands (ADA): No unusual physical exertion is involved.

Flagstar is an Equal Opportunity Employer.  All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identify, or national origin.