Position Summary:

CFSB is seeking an experienced and visionary Head of AML Advisory who will also serve as the Bank’s Deputy BSA/AML Officer and lead the Bank’s AML advisory function, providing strategic oversight, governance support, and regulatory guidance. This role is central to ensuring enterprise-wide alignment with AML laws and regulations while partnering with senior management and business units to identify risks, set standards, and strengthen controls. The position requires deep subject matter expertise, strong leadership, and the ability to serve as a trusted advisor both internally and externally. The ideal candidate is a strategic and innovative financial crimes risk management leader with a deep understanding of the risk and control frameworks needed to sustainably manage the Bank’s compliance obligations across traditional banking and fintech innovations.

Key Responsibilities:

Strategic Advisory & Leadership

• Partner directly with the Bank’s Chief AML Officer (CAMLO) to shape and execute the Bank’s AML strategy, ensuring alignment with enterprise risk appetite, business objectives, and regulatory expectations.
• Act as Deputy AML Officer, serving as delegate for governance forums, certifications, and management reporting when the CAMLO is unavailable.
• Provide strategic AML advisory support to product teams, business lines, and program managers, particularly around new product approvals, high-risk customer relationships, and control enhancements.

Program Oversight & Governance

• Lead periodic AML risk assessments and thematic program reviews, ensuring results are actionable and aligned to enterprise-wide financial crimes frameworks.
• Support governance reporting to senior management and the Board of Directors, ensuring issues, risks, and trends are escalated appropriately.
• Provide subject matter expertise during internal audit, independent testing, and regulatory examinations, including shaping responses and remediation plans.

Regulatory & Industry Engagement

• Partner with the CAMLO as a key point of contact with regulators, auditors, and external stakeholders.
• Monitor regulatory and industry developments (FinCEN advisories, FATF guidance, OCC expectations, emerging typologies) and advise management on impacts and required program changes.
• Contribute to the Bank’s positioning as an industry thought leader by providing AML perspective on best practices and innovations.

Program Enhancement & Risk Management

• Collaborate with Technology, Operations, and other control partners to assess gaps and drive enhancements to AML processes, systems, and controls.
• Provide forward-looking guidance on emerging risks (FinTech partnerships, payments innovation, correspondent banking, BaaS offerings).
• Help drive continuous improvement of the Bank’s AML advisory framework, leveraging data, analytics, and benchmarking.

Leadership & Culture

• Mentor and provide guidance to AML staff, reinforcing a strong advisory and compliance culture.
• Promote open communication, collaboration, and respect within the BSA/AML Department and across the organization.
• Champion a culture of continuous improvement, accountability, and transparency in AML compliance.

Knowledge, Skills, and Abilities:

• Deep knowledge of AML/BSA regulations, including the Bank Secrecy Act, USA PATRIOT Act, FinCEN requirements, and global AML standards.
• Proven ability to act as a trusted advisor and strategic partner to senior executives and regulators.
• Excellent analytical, problem-solving, and critical thinking skills with a focus on risk management and program enhancement.
• Exceptional communication and interpersonal skills, capable of translating complex AML matters into actionable recommendations.

• Ability to foster a culture of compliance and continuous improvement within the organization while coordinating appropriate corrective actions where needed.
• Ability to lead a positive, inclusive, and respectful culture that encourages open communication, values diverse perspectives, and emphasizes acknowledgment and resolution of challenges.

Education, Training, and Experience:

• Bachelor’s degree in Finance, Law, Economics, Criminal Justice, or related field required; advanced degree or professional certification (e.g., CAMS, CFE, CRCM) strongly preferred.
• Minimum of 12+ years of AML/BSA compliance experience, with at least 5 years in a senior advisory or leadership role.
• Experience in Retail Banking, FinTechs, MSBs, international payments, and card products strongly preferred.

Salary: $225,000 - $250,000 K / year

"Base salary range does not include performance-based bonus and/or other benefits, where applicable. Actual base salary offer will vary based on skills and experience."

About Community Federal Savings Bank (CFSB)

Community Federal Savings Bank (CFSB) is a federally chartered bank founded in 2001 and headquartered in New York City. CFSB has focused on providing superior service and added value to clients though a solid understanding of relationship banking. We offer a full range of services, including loans, bill payments, card services, internet banking, and merchant processing.

We are an equal opportunity employer and do not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, disability, military and/or veteran status, or any other Federal or State legally-protected classes.