Through an existing relationship with the Chief Risk Officer, Second Line Advisors was retained by a major lender to identify a slate of candidates to fill the BSA / AML Officer leadership role for the company. This individual would be responsible for setting strategies and overseeing operations in the organization’s financial crimes functions. The role incumbent was recruited away from the organization for a CCO position elsewhere and was also situated at a non-headquarters location. This highly visible role required frequent interaction with the Board, executives, and regulators, and reported to the Deputy Chief Compliance Officer for the company, which was a repositioning from where it previously reported. The preference was for a proven compliance professional with hands-on technical AML expertise with management experience, communicative gravitas and strong understanding of BSA/AML standards for a highly regulated financial institution
Second Line Advisors placed a diverse candidate who checked the key boxes the client was seeking, someone who was most recently serving as the Chief BSA / AML Officer for a consumer lending FinTech. The candidate was a strategic financial crime executive with experience leading and enhancing BSA/AML programs at both large banks and in the FinTech environment and brought a strong level of confidence that they had the ability to grow beyond the BSA function in future years.