Job Information
TIAA Director, Enterprise AML Governance (U.S.) in Frisco, Texas
This position is for the Head of AML Governance supporting TIAA enterprise business lines located in the United States. Business lines consists of Institutional Retirement, Wealth, Broker-Dealer, TC Funds, Life Insurance, Nuveen affiliates, and education savings. This role will be the primary liaison with business lines to provide governance, training, and ad hoc advisory services in support of TIAA’s AML and Sanctions programs. The ideal candidate must have a desire to lead people, have a proven ability to effectively build relationships with business partners, and have a track record for delivering results.
This individual will also supervise and lead performance of the annual AML and OFAC risk assessments according to TIAA’s methodology. In addition to serving as a liaison with Audit and compliance testing functions during AML/Sanctions reviews, this individual will partner with Enterprise Testing & Monitoring during annual planning to ensure risk focused testing of business lines. This individual will also be responsible for the creation and/or maintenance of AML policies, procedures, preparation of board/committee materials, AML/OFAC training programs and consulting with legal partners, as needed. In addition, the AML Governance Director will be heavily involved in audits, regulatory exam engagements, and periodic routine monitoring calls with examiners.
Key Responsibilities and Duties
Leading and managing a team of Compliance Officers supporting AML compliance efforts for Enterprise U.S. businesses.
Supervising and leading the AML and OFAC risk assessments with relevant business unit management and report results and issues to the TIAA BSA/AML Officer for further action.
Working with the business lines to create and update role-based AML/OFAC training programs to support the continuous development of AML/OFAC knowledge and skills within the line of businesses.
Modifying policies, standards, and guidelines at the direction of Chief AML and Sanctions Officer through collaboration with the appropriate business partners.
Support business partners by responding to questions and providing guidance and direction in U.S. AML matters.
Assisting management in special projects, reports, training, and/or presentations to communicate program updates.
Provide compliance oversight and support for aligned compliance program to ensure key controls are implemented and maintained, compliance regulations and requirements are met, and proper oversight is established.
Serve as a subject matter expert for supported compliance program area on day-to-day compliance activities and initiatives.
Identify and provide guidance on operationalizing new Compliance program regulatory requirements.
Oversee processes around compliance metrics and scorecards for aligned business area.
Conduct compliance risk assessments to evaluate fundamental operations and identify potential risk areas or control issues.
Engage in monitoring activities and identify areas for investigation that can be indicative of compliance issues.
Develop management action plans to remediate any compliance-related issues.
Prepare reports for executive management and governance reviews, assist with regulatory exams, and assist with other high-level general compliance activities as needed.
Oversee development and maintenance of training materials and other documentation in conformity with compliance standards to ensure business units meet and maintain compliance requirements.
Collaborate closely with business, law, risk, and other compliance partners on compliance related matters.
May oversee and manage resource and consulting expenses in line with budgets and business expectations.
Participates in senior management committees, providing a proactive risk view into strategic decision making while maintaining independence. Provides input into strategy setting and policy development that have high impact to the organization.
Regularly interacts with senior management and external regulators. Interactions frequently involve special skills such as preparing and making presentations to executive management regarding key issues and matters of large significance to the organization.
Demonstrates effective negotiation skills and a proactive approach in communicating compliance results and strength in sustaining independent views.
Requires ability to work effectively at the highest levels of the organization, and must display highly effective networking, advising, and influencing skills.
Builds a reputation as a trusted and valued partner to the EC and ELG.
Educational Requirements
- University (Degree) Preferred
Work Experience
- 5+ Years Required; 7+ Years Preferred
Physical Requirements
- Physical Requirements: Sedentary Work
Career Level
9PL
Qualifications:
Required Qualifications:
- 5 years of experience in direct AML Compliance in the financial services industry
Preferred Qualifications:
7+ years of experience in direct AML Compliance in the financial services industry
University Degree Preferred
Prior management experience
Prior direct regulatory exam experience, specific regulatory exam experience defending Risk Assessments preferred.
Prior experience designing and managing AML & OFAC Risk Assessment process
In-depth knowledge of AML and OFAC related regulatory guidance
Understanding of banking, insurance, retirement plans and annuity products, and securities AML risks
Ability to participate and/or manage special projects
Advanced ACAMS certification or similar financial crimes management certification, in addition to CAMS designation
Related Skills
Adaptability, Automation, Commercial Acumen, Compliance Program Management, Critical Thinking, Detail-Oriented, Due Diligence, Influence, Innovation, Relationship Management, Risk Monitoring, Strategic Thinking
Anticipated Posting End Date:
2024-07-06
Base Pay Range: $126,800/yr. - $200,000/yr.
Actual base salary may vary based upon, but not limited to, relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location. In addition to base salary, the competitive compensation package may include, depending on the role, participation in an incentive program linked to performance (for example, annual discretionary incentive programs, non-annual sales incentive plans, or other non-annual incentive plans).
Company Overview
TIAA is the leading provider of financial services in the academic, research, medical, cultural and government fields. We offer a wide range of financial solutions, including investing, banking, advice and education, and retirement services.
Benefits and Total Rewards
The organization is committed to making financial well-being possible for its clients, and is equally committed to the well-being of our associates. That’s why we offer a comprehensive Total Rewards package designed to make a positive difference in the lives of our associates and their loved ones. Our benefits include a superior retirement program and highly competitive health, wellness and work life offerings that can help you achieve and maintain your best possible physical, emotional and financial well-being. To learn more about your benefits, please review our Benefits Summary (https://www.tiaa.org/public/pdf/benefits-at-a-glance.pdf) .
Equal Opportunity
We are an Equal Opportunity/Affirmative Action Employer. We consider all qualified applicants for employment regardless of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other protected status.
Read more about the Equal Opportunity Law here (https://www.dol.gov/general/topics/posters) .
Accessibility Support
TIAA offers support for those who need assistance with our online application process to provide an equal employment opportunity to all job seekers, including individuals with disabilities.
If you are a U.S. applicant and desire a reasonable accommodation to complete a job application please use one of the below options to contact our accessibility support team:
Phone: (800) 842-2755
Email: accessibility.support@tiaa.org
Privacy Notices
For Applicants of TIAA, Nuveen and Affiliates residing in US (other than California), click here (https://www.tiaa.org/public/tiaa-nuveen-privacy) .
For Applicants of TIAA, Nuveen and Affiliates residing in California, please click here (https://www.tiaa.org/public/tiaa-nuveen-ca-privacy) .
For Applicants of Nuveen residing in Europe and APAC, please click here (https://www.tiaa.org/public/nuveen-eu-uk-privacy) .
TIAA started out over 100 years ago to help ensure teachers could retire with dignity. Today, many people who work at not-for-profits rely on our wide range of financial products and services to support and strengthen their financial well-being.
Privacy Notices
For Applicants of TIAA, Nuveen and Affiliates residing in US (other than California), click here (https://www.tiaa.org/public/tiaa-nuveen-privacy) .
For Applicants of TIAA, Nuveen and Affiliates residing in California, please click here (https://www.tiaa.org/public/tiaa-nuveen-ca-privacy) .
For Applicants of Nuveen residing in Europe and APAC, please click here (https://www.tiaa.org/public/nuveen-eu-uk-privacy) .
For Applicants of Greenwood residing in Brazil (English), click here (https://www.tiaa.org/public/support/privacy/applicants-greenwood-privacy) .
For Applicants of Greenwood residing in Brazil (Portuguese), click here (https://www.tiaa.org/public/support/privacy/applicants-greenwood-portuguese-privacy) .
For Applicants of Westchester residing in Brazil (English), click here (https://www.tiaa.org/public/support/privacy/applicants-westchester-privacy) .
For Applicants of Westchester residing in Brazil (Portuguese), click here (https://www.tiaa.org/public/support/privacy/applicants-westchester-portuguese-privacy) .
Nondiscrimination & Equal Opportunity Employment
TIAA is committed to providing equal opportunity across all employment practices and we believe our employees have a right to a diverse and inclusive workplace.
EEO is the Law (https://assets.phenompeople.com/CareerConnectResources/TIAAGLOBAL/documents/22-088_EEOC_KnowYourRights-1688394514088.pdf)
Pay Transparency
Philadelphia Ban the Box (https://www.phila.gov/media/20210423160847/Fair-Chance-Hiring-law-poster.pdf)