The Bancorp Bank

  • AVP Enhanced Due Diligence Team Lead

    Job Location US-DE-Wilmington
    Regular Full-Time
  • Overview

    Lead the development, implementation, and maintenance of an enterprise-wide system for obtaining information required by the company’s Customer Identification Program (CIP), Customer due diligence and enhanced due diligence (EDD) programs.


    1. Manage the enhanced due diligence review team. Interview, hire, set high performance standards, and manage team performance in accordance with all applicable HR policies and procedures.  Create a flexible and energized work environment, fostering an atmosphere that enables employee trust and engagement.  Inspire confidence and motivate others to perform at their best.  Develop and coach staff while effectively addressing performance issues. 
    2. Lead, perform and coordinate enhanced due diligence (EDD) reviews of all high risk customers.
    3. Coordinate and communicate the enhanced due diligence review implications from customer screening for money service businesses, politically exposed persons, OFAC, FinCen 314(a), negative news, etc.
    4. Identify and propose enhancements to customer risk scoring models and ensure they are properly tuned to identify customers posing an increased money laundering risk to the institution.
    5. Update and maintain consolidated lists of high risk customers, updated for account closures, rating changes, etc.
    6. Assist in the development and delivery of BSA/AML training specifically focused on addressing high risk customer identification and monitoring to all business lines.
    7. Prepare and distribute monthly management reports detailing the composition of the customer base, significant changes, risk ratings, and other relevant information on customer trends and patterns.
    8. Develop close working partnerships with others across different internal departments and liaise regularly with clients, new accounts staff and other support functions including managers and local business officers
    9. Keep abreast of BSA/AML compliance and regulatory updates by attending continuing professional education and webinars, reading professional journals and articles, and networking with others in the profession.
    10. Perform other related duties as assigned.


    Required Education/Experience:

    • An undergraduate degree
    • A minimum of 7 years related experience with KYC and due diligence in a financial institution or banking environment
    • Industry certification preferred: Certified Regulatory Compliance Manager (CRCM), or Certified Anti-Money Laundering Specialist (CAM)

    Other Required Qualifications:

    • Strong research skills with attention to detail
    • Strong organizational skills
    • Excellent verbal, written, and interpersonal communication skills
    • A team player able to work effectively in a team fostered, multi-tasking environment
    • Ability to manage multiple projects to deadlines.
    • Proficient in Microsoft Office suite, e.g. Excel, PowerPoint, Word, Outlook

    Employment with The Bancorp includes successfully passing a background check including credit, criminal, OFAC, education and past employment.   


    "The Bancorp is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex, sexual orientation, gender identity, age, status as a protected veteran, among other things, or status as a qualified individual with disability." 


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