Job Details

About Byline Bank:

Headquartered in Chicago, Byline Bank is a full-service commercial bank serving small- and medium-sized businesses, financial sponsors and consumers. Byline Bank has approximately $9.6 billion in assets and operates 46 branch locations throughout the Chicago and Milwaukee metropolitan areas. Byline Bank offers a broad range of commercial and community banking products and services, including small-ticket equipment leasing solutions, and is one of the top Small Business Administration lenders in the United States according to the national SBA ranking by the U.S. Small Business Administration by volume FY2023. Byline Bank is a member of FDIC and an Equal Housing Lender.

At Byline Bank, we take pride in being an award-winning workplace. Some of our recent recognitions include:

• U.S. News & World Report named Byline Bank as one of the Best Companies to Work for in the Midwest in 2024-2025

• Best Workplaces in Illinois in 2024 by Best Companies Group and Illinois SHRM (Society for Human Resource Management)

• Forbes America's Best Small Employers 2023

By joining our team, you will become part of an organization that values growth, collaboration, and innovation. We strive to create an environment where employees feel supported and are empowered to excel in their roles. If you're looking for a career with a company that puts people first and makes a difference in the communities we serve, Byline Bank is the place for you.

About the Opportunity:

At Byline Bank, we're looking for hardworking, client-focused individuals to join our dynamic team. As part of our organization, you'll have the opportunity to contribute to the success of our clients and make a real difference in the communities we serve. If you're passionate about delivering quality service and thrive in a supportive, growth-oriented environment, let's connect to discuss this opportunity!

Objective of Position :

The BSA, AML & Fraud Director is responsible for developing, implementing and administering all aspects of the BSA/AML and OFAC Compliance Program and BSA/AML strategy. This includes the creation and revision of effective and relevant risk assessments, policies and procedures that ensure compliance with all regulations. Identifies further process improvements for the BSA program that may be needed on an ongoing basis and updates relevant procedures as needed.

Duties and Responsibilities:

• Monitors regulatory changes as they relate to the BSA/AML and OFAC program. Provides updates and recommendations to ensure necessary actions to comply with all requirements and to reduce exposure to lawsuits, penalties, adverse publicity and other risks.

• Develops, coaches, and motivates staff to meet performance, service, and strategic goals. Fosters a team driven by service and efficiency through leadership and training. Supervises activities to ensure adherence to policy, procedures, and regulatory requirements. Builds and executes a plan for individual and team education, growth and performance.

• Maintains current knowledge of laws, regulations, policies, and procedures.

• Maintains current knowledge of industry best practices, technology and solutions to maintain the effectiveness of the BSA/AML Program.

• Serve as the subject matter expert on BSA/AML matters to the business units

• Oversees and manages the administrator(s) of various software tools utilized for AML and BSA regulatory compliance. Oversees the review of CTRs, SARs, OFAC, and FinCen 314(a), 314(b) watch list matters.

• Utilizes BSA/AML system and monitoring systems to research alerts and file reports to ensure alignment with compliance program and compliance with federal and state regulations. Monitors activities including CTRs, SAR reporting, OFAC checks, money laundering alerts, and watch-list monitoring. Conduct investigations into any anti-money laundering and terrorist financing alerts in systems that provide BSA alerts.

• Works with the BSA/AML team to manage third party vendors to monitor investigations of any BSA cases and provide resolutions. Researches BSA/AML/OFAC related issues as they occur and provides clarification or interpretation based on applicable rules, regulations and guidance. Provides regular updates to management.

• Partners with internal departments to create and maintain organization wide BSA/AML/OFAC training courses. Coordinates targeted training for the BSA/AML department teammates. Manages and collaborates in the drafting and implementation of program and strategy related policies and procedures associated across the organization.

• Serves as a lead in conducting compliance and/or regulatory audits and reviews. Serves as the lead contact for all internal audits and regulatory exams.

• Collaborates with other internal departments. Participates in project meetings to assist with any BSA compliance issues and/or questions. Assists with monitoring and responding to compliance inquiries from the branches and other departments.

• All other duties as assigned.

Note: Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time.

Qualifications:

• Bachelor's degree or related degree is required for this role. Master's degree, preferred.

• 10+ years of BSA/AML experience.

• 5+ years of supervisory or management experience required.

• Certified Anti-Money Laundering Specialist (CAMS) designation is highly desired, and if not already attained, will be a requirement within a reasonable period of time from starting date depending on examination availability/scheduling.

• BSA Program related compliance principles, theories, and practices.

• Ability to work with confidential information.

• Ability to communicate with colleagues and the BSA Officer regarding issues and findings.

• Be a strategic thinker with the ability to develop, communicate and implement plans that support the overall goals of the Bank.

• Be recognized as a strategic thinker and creative problem solver.

• Ability to work collaboratively with a variety of stakeholders at all levels.

• Be self-motivated and an effective time and project manager with a strong attention to detail.

• Have strong change management, organizational and planning capabilities.

• Ability to identify, understand and define problems, evaluate alternatives, set priorities, manage projects and implement high quality solutions.

• Demonstrate strong organizational skills with the ability to directly manage and communicate multiple projects and priorities depending on organizational needs and strategies.

• Possess strong communication skills both verbally and in writing.

PHYSICAL DEMANDS/WORK ENVIRONMENT :

Byline Bank is an Equal Opportunity Employment / Affirmative Action employer dedicated to providing an inclusive workplace where the unique differences of our employees are welcomed, respected, and valued. We are committed to the principle of equal employment opportunity for all employees and to providing employees with a work environment free of discrimination and harassment.

All employment decisions at Byline Bank are based on business needs, job requirements and individual qualifications, without regard to race, color, religion or belief, national, social or ethnic origin, sex (including pregnancy), age, physical, mental or sensory disability, HIV Status, sexual orientation, gender identity and/or expression, marital, civil union or domestic partnership status, past or present military service, protected veteran status, family medical history or genetic information, family or parental status, or any other status protected by the laws or regulations in the locations where we operate. Byline Bank will not tolerate discrimination or harassment based on any of these characteristics.

Byline Bank is committed to providing reasonable accommodations for candidates with disabilities in our recruiting process. If you need any assistance or accommodations due to a disability, please contact us directly at 773-###-####, Option #2.

If applying within the US, this role is not eligible for visa sponsorship now or in the future.

Note to Recruitment Agencies and Third-Party Recruiters:

Byline Bank kindly requests that third-party recruiters, staffing agencies, and recruitment firms refrain from submitting resumes or candidate profiles without a prior agreement in place. Any unsolicited submissions will be considered property of Byline Bank, and no fees will be paid for placements resulting from such submissions. We appreciate your understanding and cooperation.

#LI-Remote

Byline Bank is committed to the principle of equal employment opportunity for all employees and to providing employees with a work environment free of discrimination and harassment. All employment decisions at Byline Bank are based on business needs, job requirements and individual qualifications, without regard to race, color, religion or belief, national, social or ethnic origin, sex (including pregnancy), age, physical, mental or sensory disability, HIV Status, sexual orientation, gender identity and/or expression, marital, civil union or domestic partnership status, past or present military service, protected veteran status, family medical history or genetic information, family or parental status, or any other status protected by the laws or regulations in the locations where we operate. Byline Bank will not tolerate discrimination or harassment based on any of these characteristics.