Protective Life Corporation has an opening in its Birmingham, Alabama corporate office for a Special Investigative Unit (SIU) & Anti-Money Laundering (AML) Manager. Success in this role requires analytical and organizational skills, interview skills, efficiency, motivation, communication skills, attention to detail, and the ability to independently handle multiple projects in time sensitive situations.
The SIU/AML Manager works across the organization to build fraud awareness, provide training, help business units to address fraud/AML risks and controls to mitigate these risks, properly investigate potential fraud or AML matters. The SIU manager will manage the anti-fraud program. The candidate should be able to perform all aspects of fraud investigations, including fact gathering, identifying suspicious indicators and reporting matters to law enforcement and regulatory authorities.
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Successful candidate will also manage the daily duties of our corporate AML compliance program, to include AML regulatory reporting, OFAC/sanctions screening process, red flag due diligence reviews by our business units, AML quality control testing, and AML risk assessment.
**This role will be titled Lead Associate Regulatory within our organization.**
Responsibilities
- Independently lead fraud investigations in accordance with company policy and regulatory requirements.
- Manage corporate AML program.
- Effectively communicate with internal business partners to understand facts and circumstances surrounding potential fraud, AML/suspicious transaction activity, and identity theft.
- Manage anti-fraud plan and update leadership on reportable/material matters.
- Partner with claims, underwriting, new business, service and other areas to identify training opportunities and provide guidance for internal controls to mitigate fraud risks.
- Identify and report on potential internal/external trends and emerging issues.
- Monitor new laws, regulations and rules impactful to the company’s AML, antifraud and ID theft prevention programs.
- Interact with industry peers, law enforcement and regulators to share and gather investigative information and trends to keep our company’s leadership aware of emerging risks.
Qualifications/Education
- College degree (law degree and/or previous law enforcement experience a plus).
- 5 years of experience working as a leader in a special investigative or AML unit in an insurance company or financial institution. Or substantive experience in conducting investigations in law enforcement, particularly as a leader of investigations.
- Certified Fraud Examiner, Certified Anti-Money Laundering Specialist, or ability to acquire designation(s) after hire.
- Experience with life insurance and annuity products is a plus.
- Strong interviewing and communication (written and verbal) skills.
- Critical thinking and analytic skills.
- Strong computer research skills and investigative skills.
- Ability to work effectively with people in all levels/areas of the organization.
- Self-starter but able to partner with others in a team environment.
- Must have the ability to handle pressure and prioritize multiple competing projects.
- Must be willing to work overtime as needed.
Protective’s targeted salary range for this position is $95,500 to $120,000. Actual salaries may vary depending on factors, including but not limited to, job location, skills, and experience. The range listed is just one component of Protective’s total compensation package for employees.
This position also offers additional incentive opportunities [through an annual incentive based on individual and Company performance] OR [through cash compensation as part of a sales incentive plan (SIP).