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Ford Motor Credit Company ("Ford Credit"), has received regulatory conditional approval to form Ford Credit Bank (the "Bank") to be headquartered in Salt Lake City, Utah. The Bank will create innovative and simplified banking solutions to help customers across the country finance the purchase of new Ford vehicles, parts, accessories, and software and earn competitive rates on FDIC-insured savings accounts and certificates of deposit. The Bank will be a direct and wholly owned subsidiary of Ford Motor Credit Company ("Ford Credit"), an indirect wholly owned subsidiary of Ford Motor Company ("Ford").
The Team
Get in on the "ground floor" of building a de novo Bank and setting the foundation of the Bank's Compliance Team! The Bank's Compliance Team is a crucial component of the second line of defense in the Bank's risk management framework. We work collaboratively across all business units to foster a culture of compliance and ensure adherence to all applicable laws, rules, regulations, and internal policies. As a Compliance Analyst (Monitoring and Testing), you will act as an important member of the compliance team, performing monitoring and testing activities, preparing documentation demonstrating the effectiveness of your results, collaborating with leaders and colleagues across the organization to understand and evaluate key Bank and vendor processes and activities, and driving continuous improvement in our compliance posture. You will be instrumental in addressing and demonstrating the Bank's risk management to emerging regulatory challenges and technological advancements.
In this position...
The Bank's Compliance Team's mission is to ensure the safety and soundness of the Bank. We are looking to hire a BSA/AML Program Analyst who will work directly with the BSA/AML Officer to perform various reviews and monitoring pertaining to the Bank Secrecy Act ("BSA"), USA PATRIOT Act, Anti-Money Laundering and Sanctions Program, including Customer Identification Program ("CIP") and Know Your Customer ("KYC") compliance using industry standard and regulatory guidance to ensure the Bank's compliance efforts are maintained daily. This position is required to be fully knowledgeable and skilled in all areas of the BSA/AML department and will report to the BSA / AML Officer.
What you'll do...
Conduct customer KYC reviews, including CIP, customer due diligence ("CDD") and enhanced due diligence ("EDD"), as applicable, as part of the Bank's AML Program
Monitor, review, and action BSA/AML and Sanctions compliance alerts, including but not limited to unusual activity, OFAC, Politically Exposed Persons ("PEP"), 314(a) screening, and adverse media alerts, as applicable
Independently conduct comprehensive investigations on confirmed screening matches, potential suspicious activity related to money laundering, fraud, or terrorist financing, and recommend when to file Suspicious Activity Reports (SARs)
May assist in filing of SARs, as necessary
Assist the BSA/AML Officer in complying with all sanctions-related risk and regulatory requirements
Assist the BSA/AML Officer in reviewing and responding to requests from law enforcement, such as 314(a) related communication and other legal requests
Assist with completing the Bank's BSA/AML and Sanctions Risk Assessments
Contribute to projects to improve and optimize the Bank's BSA/AML Program
Support the BSA/AML Officer to ensure BSA/AML and Sanctions training is completed by appropriate Bank employees, training content is appropriate and up to date, and provide additional training, as required
Perform quality assurance (QA) related tasks, as necessary
Assist the BSA/AML Officer in ensuring third party service providers and/or affiliates are meeting AML Program related requirements under the applicable Service Level Agreements ("SLAs")
Perform customer and transaction analytics to identify trends and make recommendations to improve the Bank's transaction monitoring solutions
Collaborate with Support, Risk, Cyber, and other teams within Ford Bank
Travel up to 10% of the time
You'll have...
The Minimum Requirements We Seek
Bachelor's degree preferred or equivalent banking experience
Four years of general banking or regulatory agency experience, with an emphasis in compliance or minimum of 2+ years of direct experience supporting BSA, AML, and/or Sanctions/OFAC compliance
Understanding of BSA, AML, and Sanctions regulatory requirements and thorough working knowledge of the related processes
Familiarity with all functional areas of banking
Excellent oral and written communication skills
Creative and analytical thinker who can manage multiple activities to completion within set deadlines
Comprehensive understanding of general banking compliance regulations and laws
Comprehensive understanding of general banking operations activities, products, and services
Expertise in Microsoft products, such as Excel, Word, PowerPoint
Ability to communicate effectively with staff at all levels
Good organizational and time management skills
Even better, you may have...
Certification from the Association of Certified Anti-Money Laundering Specialists (ACAMS)
Experience with Fiserv banking core applications
Experience working for a fully online or virtual bank
Understanding of direct or indirect auto lending banking products
Ability to proactively identify and assess potential concerns and risks
Persuasive and team oriented
Strong project reporting skills, with a focus on interdepartmental communication
You may not check every box, or your experience may look a little different from what we've outlined, but if you think you can bring value to Ford Motor Company, we encourage you to apply!
As an established global company, we offer the benefit of choice. You can choose what your Ford future will look like: will your story span the globe, or keep you close to home? Will your career be a deep dive into what you love, or a series of new teams and new skills? Will you be a leader, a changemaker, a technical expert, a culture builder...or all of the above? No matter what you choose, we offer a work life that works for you, including:
Immediate medical, dental, vision and prescription drug coverage
Flexible family care days, paid parental leave, new parent ramp-up programs, subsidized back-up child care and more
Family building benefits including adoption and surrogacy expense reimbursement, fertility treatments, and more
Vehicle discount program for employees and family members and management leases
Tuition assistance
Established and active employee resource groups
Paid time off for individual and team community service
A generous schedule of paid holidays, including the week between Christmas and New Year's Day
Paid time off and the option to purchase additional vacation time.
This position is a salary grade 7 and ranges from $84,480-141,360., This position is a salary grade 8 and ranges from $96,720-162,120.
For more information on salary and benefits, click here: https://fordcareers.co/GSR (https://urldefense.com/v3/\_https:/fordcareers.co/GSR\\;!!N\LtwI-RPugbI9wg0dJn!CmJEeBTRsEXOSXBrIsChCHDtNQvfUFEGp_48qeBLHM0XKgDIlx8n3drZQ0bp6Pof4jigcLnzvkzcug$)
Visa sponsorship is not available for this position.
Candidates for positions with Ford Motor Company must be legally authorized to work in the United States. Verification of employment eligibility will be required at the time of hire.
We are an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, age, sex, national origin, sexual orientation, gender identity, disability status or protected veteran status. In the United States, if you need a reasonable accommodation for the online application process due to a disability, please call 1-888-336-0660.
This position is hybrid. Candidates who are in commuting distance to a Ford hub location may be required to be onsite four or more days per week.
LI-Hybrid#LI-FordCredit #LI-MN1
Requisition ID : 58976
