Position Title
Sr. BSA/AML Program Manager
Location
New York, NY 10018
Job Summary
The Senior BSA/AML Program Manager is responsible for overseeing and enhancing the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), and Sanctions compliance program to ensure adherence to regulatory requirements and industry best practices. This role plays a key part in the development, implementation, and ongoing management of policies, procedures, and controls designed to detect, prevent, and mitigate financial crime risks.
The Senior Program Manager will collaborate with internal stakeholders, including business units, risk management, and senior leadership, to assess AML risk exposure, implement strategic initiatives, and drive compliance effectiveness.
The ideal candidate possesses deep knowledge of BSA/AML regulations, strong leadership skills, and experience managing complex compliance programs. This position is critical in maintaining a strong compliance culture while supporting business growth and regulatory expectations.
Pay Range $140,621 - $186,323 - $232,025
Pay Range: Local Minimum Wage - $0.00 - $0.00
Job Responsibilities:
JOB RESPONSIBILITIES
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Support the implementation of the Bank’s BSA/AML and Sanctions compliance program to ensure adherence to federal, state, and local regulations.
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Lead initiatives to strengthen AML risk management and ensure alignment with the organization’s overall risk strategy.
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Analyze Key Risk Indicators (KRIs), regulatory findings, and internal audit results to drive program improvements.
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Act as a key advisor to the Deputy Chief AML Officer.
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Develop procedures for high-risk customer monitoring and risk scoring methodologies.
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Maintain and enhance BSA/AML policies, procedures, and internal controls to ensure regulatory compliance.
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Work with internal stakeholders to integrate AML compliance requirements into business operations.
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Partner with business units, risk teams, and senior management to address AML-related risks and develop strategic initiatives.
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Lead internal working groups and committees focused on AML program enhancements.
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Provide mentorship and guidance to junior compliance team members.
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May be 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
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Performs special projects, and additional duties and responsibilities as required.
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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:
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Education level required: Undergraduate Degree (4 years or equivalent) Business, Finance, Management, or related field.
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Minimum experience required: 10+ Years in project/program management and experience leading AML initiatives, projects, and teams within a financial institution.
Preferred Qualifications:
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Education level preferred: Master's Degree (or Postgraduate equivalent) Business, Finance, Management, or related field
Job Competencies:
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Strong knowledge of BSA/AML regulations and regulatory requirements impacting financial institutions.
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Familiarity with AML compliance software, transaction monitoring systems, and case management tools.
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Ability to interpret and apply regulatory changes to enhance the AML compliance program.
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Strong ability to assess AML risks, identify control gaps, and implement risk mitigation strategies.
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Skilled in drafting, implementing, and maintaining BSA/AML policies, procedures, and internal controls.
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Strong critical thinking and problem-solving skills to evaluate complex AML issues.
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Ability to make sound risk-based decisions in high-pressure situations.
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Commitment to maintaining the highest level of ethical conduct in financial crime prevention.
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Ensures transparency and accountability in AML compliance operations.
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Minimal travel required
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Physical demands (ADA): No unusual physical exertion is involved.
Flagstar is an Equal Opportunity Employer.
Top Skills
What We Do
Thank you for visiting Flagstar Bank on LinkedIn, and we look forward to being part of your financial journey. On December 1, 2022, New York Community Bank (NYCB) and Flagstar Bank joined together to become one company. Today, New York Community Bancorp, Inc. is the parent company of Flagstar Bank, N.A., one of the largest regional banks in the country. The company is headquartered in Hicksville, New York. At June 30, 2024, the company had assets of $119.1 billion. We operate over 400 branches across 10 states, including a significant presence in the Northeast and Midwest and locations in high growth markets in the Southeast and on the West Coast. Flagstar Mortgage operates nationally through a wholesale network of approximately 3,000 third-party mortgage originators. We believe in cultivating a diverse, inclusive, and respectful workplace that engages employees, broadens perspectives, and encourages teamwork. We hire people who represent the talents, experiences, backgrounds, and diversity of the communities we serve. Together our goal is to deliver a new energy in banking to our customers, opening new doors for financial and personal success. Customers will have access to a broad spectrum of technology, products and services—all with a shared customer-first approach. Relationships are at the center of all that we do, enhanced by our commitment to delivering local market expertise, personalized solutions, and a long-standing focus on strengthening our communities. Follow us on LinkedIn to stay up to date on news and updates, new hires, community initiatives, access to our collective insights, and banking industry updates that you need to know.
