The Role of a US Correspondent Banking (CBI) AML Operations – Team Leader
Leading a team requires a unique blend of skills and responsibilities. When it comes to the banking sector, these responsibilities are even more critical as they directly impact the financial stability and security of an institution. This is clearly exemplified in the role of a US Correspondent Banking (CBI) AML Operations – Team Leader, a position within Barclays that demands high-level expertise, experience, and leadership.
Purpose of the Role
The primary responsibility of a US Correspondent Banking (CBI) AML Operations – Team Leader is to manage operations within a business area. This includes maintaining processes, risk management initiatives, and compliance mandates as set forth by relevant regulators. This is a critical role, as it ensures the smooth and secure operation of the bank’s business area.
Key Accountabilities
The role entails a variety of important duties. These include identifying trends and opportunities to improve operations, managing the operations of a business area, and promoting efficient processes. The role also involves collaborating with internal and external stakeholders to support business operations and align with the bank’s objectives.
Additionally, the Team Leader is responsible for managing operational professionals, developing KPIs to measure the effectiveness of operation functions, and ensuring compliance with all regulatory requirements. They also create a safe environment for colleagues to voice their opinions and work closely with HR to implement retention initiatives.
Expectations for a Vice President
As a Vice President, the Team Leader is expected to contribute to strategy, drive requirements, and make recommendations for change. They are also expected to manage and maintain policies and processes, deliver continuous improvements, and escalate breaches as necessary.
If managing a team, they are responsible for defining jobs and responsibilities, planning for the department’s future needs, and counselling employees on performance. They may also lead a number of specialists to influence the operations of a department, in alignment with strategic and tactical priorities.
Whether the position has leadership responsibilities or is an individual contributor, they are expected to demonstrate comprehensive understanding of the organisation’s functions and contribute to achieving its goals. They also need to manage and mitigate risks, advise key stakeholders, and create solutions based on sophisticated analytical thought.
All colleagues are expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence and Stewardship, and the Barclays Mindset – to Empower, Challenge and Drive.
Skills Required for the Role
As a US Correspondent Banking (CBI) AML Operations – Team Leader, one should possess extensive knowledge of AML Compliance, the Bank Secrecy Act, or related areas, backed by investigative experience in financial crime matters. Demonstrated leadership experience, including oversight of team performance, coaching, and staff development, is also essential.
Other highly valued skills may include industry-recognised credentials such as Certified Anti-Money Laundering Specialist (CAMS), CFE, JD, or other advanced certifications. Proficiency in data analysis tools and supporting software, broad understanding of financial services products, and excellent communication and relationship-building abilities are also beneficial.
This role is located in Whippany, NJ and offers a competitive salary and benefits package. Barclays employees are eligible for a suite of competitive and generous employee benefits, including medical, dental and vision coverage, 401(k), life insurance, and other paid leave for qualifying circumstances. This position is also eligible for an incentive award.
As we delve into the specifics of this role, it’s clear that it requires a unique blend of expertise, experience, authority, and trustworthiness. These are the core elements that define the E-E-A-T signals (Experience, Expertise, Authoritativeness, Trustworthiness) in the banking sector. When these elements are combined with a deep understanding of AML compliance and a strong leadership ability, they form the blueprint for a successful US Correspondent Banking (CBI) AML Operations – Team Leader.
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