Posted Position Title AML/BSA Officer

Job Number	1819831
Business	GE Capital
Business Segment	Capital - Americas
About Us	GE Capital Bank is excited to be building a new on-line platform that will provide a full suite of savings products and services directly to U.S. consumers. Through this platform, we’ll be able to offer more competitive rates and lower fees to our customers, while providing multiple ways for them to access their funds - mobile apps, telephone, web and of course ATMs. As part of GE Capital, Americas’, a leading financial products and services company in North America, we’re able to leverage the deep domain expertise and innovation within the company to provide superior customer offerings and solutions. Staff supporting our on-line platform will be across the United States with concentrations in Salt Lake City, UT; Chicago, IL and Norwalk, CT. We’ll also have two major call centers focused on customer support and interaction located on both the East and West coasts. We’re seeking top notch players to help us build and support our on-line platform and be part of a winning team steeped in talent and experience. If you are interested in using your expertise to create something new and exciting, as part of one of the World’s Most Admired Companies, then we can’t wait to meet you. imagination at work… GE is an Equal Opportunity Employer. GE offers a competitive salary, outstanding benefits & the professional advantages of an environment that supports your development & recognizes your achievements. GE offers an inclusive environment where employees have the opportunity to succeed and diversity is embraced as a competitive advantage in the marketplace. The passion that our people bring to their work extends to their private worlds, and GE encourages a healthy balance between the two. GE values education and is dedicated to providing the tools and training for your professional development.
Career Level	Experienced
Function	Regulatory and Compliance
Function Segment	Compliance Risk Area Management
Location(s) Where Opening Is Available	United States
U.S. State, China or Canada Provinces	Utah
City	Salt Lake City
Postal Code	84054-2195
Relocation Expenses	No
Role Summary/Purpose	GE is an equal opportunity employer, offering a great work environment, challenging career opportunities, professional training and competitive compensation. This position is responsible for leading the management and oversight of the GE Capital Bank Anti-Money Laundering and Bank Secrecy Act program. This role will cultivate relationships across the business, and within GECA AML and Compliance, to deliver credible and consistent regulatory compliance support for the organization’s products and services.
Essential Responsibilities	Responsible for the overall implementation of the GE Capital Bank BSA, OFAC, and AML CIP/KYC Program Partner with the GE Capital Americas AML team in successful execution and oversight of the outsourcing of many critical elements of the AML/BSA Oversee Customer Identification Program (CIP) and effective implementation of Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) for Bank customers. Ensure effective transaction monitoring, surveillance processes, and suspicious activity escalation and reporting Respond to government information request, including 314 (a) requests and subpoenas Define, implement and review processes and policies to ensure compliance with corporate guidelines and regulatory expectations as they relate to AML/CIP/KYC/IBP and other BSA compliance requirements Identify policy and process gaps and implement improvements designed to increase efficiencies and reduce defects Maintain external awareness of research trends, information, and techniques related to money laundering, including knowledge of banking laws and regulations concerning money laundering, BSA and the Patriot Act, and ensure they are communicated to appropriate levels within the business. Develop cross-functional alliance with Risk, Legal, Compliance, Operations and Internal Audit functions to enhance process effectiveness, provide training as necessary, identify and remediate audit gaps, and implement and monitor controls Coordinate with the Financial Intelligence Unit communication of potentially suspicious activity and provide timely resolution to open/pending actions Develop communication strategy to build awareness across key stakeholders Responding to CIP/KYC/AML audits and exam requirements. Lead and develop a team of Compliance professionals.
Qualifications/Requirements	Basic Requirements: Bachelor's Degree A minimum of 5 years’ experience in a regulated financial institution (Compliance, Operations, Risk) or a functional financial institution regulator or a combination of both. Previous experience and expertise in Anti-Money Laundering, Irregular Business Practice prevention and other compliance programs. Demonstrated ability to manage, motivate and develop teams. Project management experience. Eligibility Requirements: Must submit your application for employment through COS (internal candidates) or www.gecareers.com (external candidates) to be considered for this job opening. Legal authorization to work in the U.S. is required. We will not sponsor individuals for employment visas, now or in the future, for this job opening Must be willing to comply with pre-employment screening, including but not limited to, drug testing, reference verification and background check. Must be willing to work out of an office in Salt Lake City, UT
Additional Eligibility Qualifications	GE will only employ those who are legally authorized to work in the United States for this opening. Any offer of employment is conditioned upon the successful completion of a background investigation and drug screen.
Desired Characteristics	Previous experience in Workout related activities. Experience leading change in an AML Program for a large, complex financial institution. Strong communication and influencing skills demonstrated through interaction with diverse cultures and individuals to achieve their cooperation and input into AML initiatives. Strong knowledge of AML requirements with experience performing data collection and analysis. Strong organizational, analytic and solution facilitation skills. Strong knowledge of customer screening tools. Demonstrated success in delivering complex projects. Experience evaluating complex structures for KYC, CIP, CDD/EDD. Experience driving AML compliance across global platforms Previous experience with a transaction monitoring tool such as Actimize. Ability to handle multiple priorities and deadlines efficiently and effectively. Highly motivated, self-starter, ability to interact effectively at all levels of an organization.
Section 19 Job	YOU MUST BE ABLE TO SATISFY THE REQUIREMENTS OF SECTION 19 OF THE FEDERAL DEPOSIT INSURANCE ACT