Aml Director Jobs in Delaware (NOW HIRING)

Work Arrangement:

***This position is available as a hybrid position in our Wilmington, DE office.***

At The Bancorp, we've spent more than 25 years driving innovation in the financial services industry. As one of the first banks to embrace fintech, we combine technology, expertise and a forward-looking approach to deliver creative, real-world solutions. We work side by side with our partners to help them grow and innovate with confidence. Across Fintech Solutions, Institutional Banking, Commercial Lending and Real Estate Bridge Lending, we provide the people, processes, technology and banking capabilities that turn bold ideas into outcomes.

Join a team that brings urgency and rigor to every challenge and plays a direct role in driving growth for our clients and the communities we serve.

The VP Payments Compliance Advisor role is responsible for liaising with regulatory agencies and presenting the Bank's achievements during regular reviews, periodic visits, or audit meetings. We are looking for a dynamic team member with proven experience in AML and Sanctions Compliance in the payments space. This position collaborates with a large globally dispersed support team and key stakeholders outside the organization. The VP Payments Compliance Advisor will interact with a broad spectrum of business partners ranging from Challenger banks, Fintech firms, Card Networks, and payment industry leaders to advise on the development, execution, and operation of innovative products and services. This role serves as the FCRM advisory lead for assigned program manager portfolios and lines of business, owning the BSA/AML and Sanctions risk assessments for those programs and translating regulatory expectations into clear, well-documented guidance. Success depends on enterprise risk-assessment judgment, disciplined documentation and planning, and the ability to communicate effectively across business, technology, legal, audit, and regulatory partners.

Develops close working relationships with business leaders and other stakeholders to advance a culture of compliance within the organization.
• Prepares reports to be used by various oversight and governance committees to understand BSA risk and other related activities and trends.
• Assists with drafting, updating, maintaining AML and Sanctions policies, programs, and procedures.
• Assists in the coordination of regulatory exams and independent audits.
• Implements and maintains processes to ensure the Bank, program managers, processors, and other agents comply with Federal, State, and network rules and regulations and Bank policies/procedures.
• Ensures that all BSA/AML and other compliance monitoring aspects of card programs are appropriately complete.
• Advises lines of business during the development of new products and services and evaluates BSA/AML & Sanctions risk level.
• Tracks BSA/AML and Sanctions industry developments and maintains up-to-date knowledge of regulatory changes, existing laws, and regulations impacting the organization.
• Collaborates and assists with the BSA/AML and Sanctions Risk Assessments in communication with the Director, FCRM Advisory, applying a consistent enterprise risk-assessment methodology.
• Serves as the FCRM advisory liaison for assigned program manager portfolios and lines of business, owning day-to-day BSA/AML and Sanctions guidance and the related risk and issue management for those programs as directed.
• Produces and maintains clear, audit-ready documentation, including procedures, risk assessments, control narratives, and decision records, to support program transparency and examination readiness.
• Plans and manages advisory initiatives through the team's project-management and concept-to-implementation workflow, sequencing work and tracking deliverables to completion.
• Prepares reports to be used by various oversight and governance committees to understand BSA risk and other related activities and trends.
• Assists BSA Officer and Deputy BSA Officer in ensuring that business practices are aligned with Banks' risk tolerance and appetite for BSA/AML and Sanctions risks.
• Reviews, analyzes, and makes risk-based decisions on disputes regarding Client and relationships and account closures.
• Leads risk assessment and ensures appropriate BSA/AML and Sanctions training for the lines of business.
• Develops and maintains management reporting and monitoring and tracking of issues related to the program. Prepares and delivers executive summaries of activities, actions, controls, and risk assessments for the area.
• Provides strategic consultation to the business lines and serve as FCRM lead in the new products and services process with respect to business line initiatives.
• Ensures that the BSA/AML and Sanctions risk management environment in the lines of business are appropriately aligned with corporate policy and standards.
• Develops efficiencies across the FCRM advisory function by applying automation and AI-enabled tools where appropriate, with sound judgment, quality standards, and appropriate controls.
• Performs other duties as assigned.

Manager Responsibilities

• Serves as direct supervisor of one direct report, providing leadership and day-to-day guidance and developing that individual to extend the capacity of the advisory function.
• Sets and maintains high performance standards and manages team performance in accordance with HR policies and procedures.
• Creates a flexible and energized work environment, fostering an atmosphere that enables employee trust and engagement.
• Inspires confidence and motivates employees to perform at their best level.
• Develops employees while effectively addressing performance issues.

• Undergraduate degree in a related field or an equivalent combination of training and experience.
• A minimum of 8 years of successful and relevant experience in BSA/AML and Sanctions.
• 3+ years of experience in a senior compliance role at a bank, card network, fintech, or in the payments industry.
• Master's/JD Degree, preferred.
• APRP, CAMS, or CRCM Certification is preferred.
• Deep knowledge and experience with best practices in payment and banking technologies, payment rails, and corresponding regulations, preferred.
• Knowledge of AML typologies and emerging risks in financial crime and money laundering, preferred.
• Previous experience working with internal auditors, financial regulators, and card networks, including audits and examination response and remediation of identified issues, preferred.
• Experience applying AML guidance in non-traditional bank settings to address unique risks posed by Fintech firms and Challenger banks, preferred.
• Problem-solving and decision-making skills, with the ability to analyze complex information to identify the critical issue and drive resolution, preferred.
• Expert knowledge of regulations and compliance best practices related to BSA/AML, OFAC, CIP, and KYC, preferred.
• Demonstrated ability to build strong relationships, as well as management and influencing skills, preferred.
• Collaborative and team player, preferred.
• Hands-on experience designing and executing enterprise-wide and program-level BSA/AML and Sanctions risk assessments, preferred.
• Strong documentation discipline and project-planning skills, with a track record of producing clear procedures, risk assessments, and decision records and managing initiatives to completion, preferred.
• Excellent written and verbal communication skills, with proven ability to translate complex regulatory requirements for business, product, technology, legal, and audit audiences, preferred.

Travel

• Occasional travel required (approximately a few times a year, as needed for 2-4 days.)

This job will be open and accepting applications for a minimum of five days from the date it was posted.

Working at The Bancorp Bank, N.A. and Benefits Information: https://thebancorp.com/company/join-our-team/

Company Culture at The Bancorp Bank: https://www.thebancorp.com/company/company-culture/

The Bancorp Bank, N.A. is an EQUAL OPPORTUNITY EMPLOYER and will not discriminate on the basis of race, color, religion, gender, gender identity, sexual orientation, pregnancy, citizenship, national origin, age, disability, genetic information, veteran status or other protected category with respect to recruitment, hiring, training, promotion, and other terms and conditions of employment.

Employment with The Bancorp Bank, N.A. includes successfully passing a background check including credit, criminal, education, employment, OFAC, and social media background history.