Become part of the team that safeguards the financial system from the abuses of financial crime. At the Financial Crimes Enforcement Network (FinCEN), we are at the forefront in preventing and detecting terrorist financing, money laundering, and other financial crime. Serve at the nation's financial intelligence unit and protect the United States financial system from criminals and terrorist financiers.
The Chief of the Depository Institutions Section heads a major component within the U.S. Department of Treasury’s FinCEN. This position is located in the Enforcement Division, Office of Compliance and Enforcement of FinCEN. The Enforcement Division is the primary action arm of FinCEN, responsible for enforcing compliance with the Bank Secrecy Act (BSA) through effective, proportionate, and dissuasive measures. The division handles a caseload of BSA civil regulatory matters that are initiated through referrals from examining agencies, as well as FinCEN’s own intelligence-driven targeting of high-priority criminal and national security threats. Each matter can involve a range of compliance and enforcement activities ranging from onsite examination to investigation, summonses of documents and witnesses, injunctions, and civil monetary penalties. The Enforcement Division is also responsible for implementing various statutory special measures enforced by FinCEN including Section 311 of the PATRIOT Act, which is designed to limit the exposure of the U.S. financial system to foreign jurisdictions, financial institutions, classes of transactions, and types of accounts of primary money laundering concern. Additionally, the division investigates unauthorized disclosures of BSA information for possible referral to the criminal authorities.
The incumbent serves as the Chief for the Depository Institutions Section and is the first level supervisor for a sizable staff of investigators and industry specialists who implement programs, initiatives, and where appropriate compliance and enforcement actions designed to improve compliance with the provisions of the BSA and its amendments and related regulations.
The Section Chief, Depository Institutions Section duties are:
- Serves as a key advisor to the Director, Office of Compliance and Enforcement on the formulation, planning, development, and implementation of compliance and enforcement strategies related to Depository Institutions that have industry-wide, national, and/or international impact, including those related to national security.
- Develops and manages a sizeable staff of investigators and compliance and enforcement specialists, identifying objectives, managing strict timelines and implementing section-wide practices for effectively evaluating and advancing a large caseload of compliance and enforcement matters.
- Works with line employees to develop and implement intelligence-driven targeting and investigative plans, apply facts to law, assess the strength of evidence, and determine the appropriate use of FinCEN authorities.
- Works directly with line employees in the drafting and editing of FinCEN enforcement actions and supporting memoranda.
- Ensures that FinCEN enforcement actions and supporting memoranda are free of factual, logical or typographical errors prior to their review by the Office Director.
- Represents FinCEN in internal and on occasion interagency meetings involving the coordination of examinations, investigations, and enforcement actions involving depository institutions.
- Participates in important management conferences, planning sessions, or other meetings to present proposals and discuss options concerning enforcement activities that impact other programs in FinCEN.
- Exercises first level supervision over staff involved in highly complex compliance and enforcement program activities involving depository institutions.
- Seeks to maximize communication with all other components of FinCEN and at all levels to ensure each component’s unique expertise and authorities are brought to bear in a collaborative effort for maximum impact against the most serious money laundering and national security threats.
- Collaborates with other supervisors within the division on the establishment of broad program objectives, organizational goals, policies, priorities, methods to assess the accomplishment of such objectives, and the resources required to be successful.
- Collaborates with other supervisors within the division on the establishment of employee performance standards, evaluates performance, promotes team building, settles disputes, recommends personnel actions, and promotes adherence to public policy, including diversity and equal opportunity in employment.
- Provides effective leadership, mentors, develops, and motivates staff.