Program Manager Analyst

suttonbank; Mansfield (OH); On-site; USD 90,000 - 125,000; Full time

Job summary

Sutton Bank is seeking an experienced compliance professional to oversee the payments program manager processes and ensure adherence to BSA/AML and OFAC requirements. The role involves reviewing onboarding changes, risk assessments, and program documentation to identify money-laundering risks.

The candidate will collaborate with account managers and third-party program managers, evaluate CIP/KYC profiles, and support audit and regulatory findings resolution.

Qualifications

• Bachelor's degree in business or related area.
• Minimum two years of compliance experience in a financial institution, BSA/AML or internal audit.
• ACAMS, AMLCA, CFE or similar certification preferred.

Responsibilities

• Provides oversight review of the payments program manager processes and adherence to BSA/AML and OFAC requirements.
• Reviews BSA/AML-related risks for onboarding and new programs; assigns risk ratings for payments access and credit card programs.
• Analyzes fact sheets and program manager documentation to identify money laundering and regulatory compliance vulnerabilities.
• Reviews audit and examination reports to ensure policy compliance.
• Makes recommendations to solve root causes of operational and compliance vulnerabilities.
• Monitors industry trends and emerging risk issues to mitigate Sutton Bank's AML and fraud vulnerabilities related to program oversight.
• Assists with implementation procedures that comply with BSA, USA PATRIOT Act, and OFAC policies.
• Works with Sutton Bank Account Managers and third-party Program Managers to compile documentation based on evaluations.
• Identifies and manages AML/regulatory risk with third-party payments access partners.
• Assists with onboarding and ongoing risk management of third-party payments access partners.
• Attends Payments Risk Committee meetings.
• Assists with resolution and tracking of audit and regulatory findings.
• Evaluates CIP and KYC profiles related to program managers.

Skills

Effective communication

Interpersonal skills

Regulatory knowledge

BSA/AML knowledge

Attention to detail

Time management

Analytical thinking

Self-directed

Software skills

Education

Bachelor's Degree in business or related area

Job description

Summary:

Responsible for providing oversight of the new and existing Payments programs.

Qualifications:

Education:

Bachelor's Degree in business or related area.

Licenses/Certifications:

ACAMS, AMLCA, CFE, or similar certification preferred.

Experience:

A minimum of two years of compliance experience in a financial institution, BSA/AML and/or internal audit experience. Or equivalent combination of education and experience.

Essential Functions:

A: Job Specific:

• Provides oversight review of the payments program manager processes. Assesses their adherence to BSA/AML and OFAC regulatory requirements and Servicing Agreement roles and responsibilities.
• Reviews BSA/AML-related risks associated with the onboarding and implementation of new programs, reviews program change requests and assigns program risk assessment ratings of payments access and credit card programs.
• Reviews and analyzes fact sheets, program manager documentation, and other relevant information to identify money laundering and regulatory compliance vulnerabilities and assessing the applicable risk based on that analysis.
• Reviews audit and/or examination reports to ensure compliance with policies and procedures.
• Makes recommendations to solve root causes of operational and compliance vulnerabilities.
• Monitors industry trends and emerging risk issues to identify and proactively mitigate Sutton Bank's potential AML and fraud vulnerabilities related to program manager oversight.
• Assists with implementation procedures that comply with the Bank's policies and applicable sections of the Bank Secrecy Act (BSA), USA PATRIOT Act, and sanction programs administered by OFAC.
• Works with Sutton Bank Account Managers, third-party Program Managers and advisory services to compile documentation based on program manager evaluations.
• Identifies and manages the AML and regulatory compliance risk associated with third-party payments access partners (program managers, programs, and processors).
• Assists with the onboarding and the ongoing risk management of third-party payments access partners, identifies roles and responsibilities.
• Attends and participates in Payments Risk Committee meetings.
• Assists with the resolution and tracking of audit and regulatory examination findings.
• Evaluates the Customer Identification Program (CIP) and KYC profiles related to program managers.

Knowledge/Skills/Abilities:

• The ability to communicate effectively and clearly, both in verbal and written communications, as well as, present information to groups of managers, employees, customers, etc.
• Excellent interpersonal skills.
• Strong knowledge of the business area that is being supported.
• Self-directed and motivated.
• The ability to manage multiple tasks.
• Ability to learn new software packages that are position specific.
• Ability to define problems, collect data, establish facts and draw valid conclusions. Ability to solve problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.
• Working knowledge of various laws, regulations, and industry guidance relating to AML, BSA and USA Patriot Act.

Sutton Bank is an Equal Employment Opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, sexual orientation, gender identity, disability or protected veteran status.