BSA AML Transaction Monitoring Team Lead

Sabadell Overview

Sabadell is a global financial institution headquartered in Barcelona, Spain and one of Europe’s oldest and most successful banking groups since its founding in 1881. Sabadell covers all areas of the financial business sector under a common denominator: professional performance and quality. In the United States, Sabadell has operated with an International Full Branch since 1993. We offer Corporate Banking services to international companies in the American market, and Private Banking services primarily to Latin American high net worth individuals and families.

Banco Sabadell is seeking a BSA AML Transaction Monitoring Team Lead candidate to join a dynamic team within one of the fastest growing banks in Florida.

Essential Duties and Responsibilities

• Manage a team of daily transaction monitoring analysts.

• Set performance goals, conduct reviews, and provide regular feedback.

• Train new team members on compliance rules and internal workflows.

• Review investigations and SARs (Suspicious Activity Reports) prepared by the team for quality and accuracy.

• Conduct regular quality checks on closed alerts and investigations.

• Assist during internal audits or external regulatory examinations.

• Monitor daily alert volumes and manage workloads to meet Service Level Agreements (SLAs).

• Escalate complex investigations to senior management in BSA.

• Analyse accounts for suspicious or unusual activity in order to detect and conclude on any suspicious activity noted from analysis. Compile report(s) and any recommendations regarding final resolution for the Assistant BSA Officer or designee for review and/or discussion.

• Perform research of accounts to further identify and actively search for explanations or solutions for suspicious activity. Maintain a broad perspective to ensure all possible alternatives, sources and explanations are reviewed and concluded in a timely manner to minimize the risk and protect the Bank.

• Facilitate information requests from Relationship Managers and utilize sources such as the Bank’s core banking system, the transaction monitoring software application utilized, Internet to deliver the response.

• Manage queue of investigations and manage time accordingly.

• Prepare and the filing of suspicious activity reports (SARs).

• Attend, as directed, compliance courses, seminars, conferences and workshops to stay abreast of regulatory developments and enhance knowledge and understanding of applicable laws, rules, and regulations.

• Capable of following BSA/AML policies/procedures and identify instances of non-compliance with applicable laws, rules and regulations.

• Assist in the execution of any special projects assigned to the Compliance Department.

Minimum Qualifications

• Minimum 5 years of investigative or related experience with specific emphasis on BSA/AML and/or fraud prevention at a financial institution, regulatory or law enforcement agency with prior experience in the preparation and filing of Suspicious Activity Reports.

• Experience with international clients/customers

• Bachelor's degree or equivalent job experience in the financial services industry.

• Exposure to OFAC regulation

• Certified Anti-Money Laundering Specialist or other AML certification preferred.