AML Compliance Risk Management Executive – Insurance

Purpose of Job

The AML Compliance Risk Management Executive Director for USAA’s Life Insurance and IMCO businesses is a position within the Enterprise-wide AML Risk Management team. This role will serve as a subject matter expert for AML in the more strategic development and implementation of the Enterprise-wide program. This role will need to partner effectively with senior business leaders as well as other control functions.

Job Requirements


Manage USAA’s BSA/AML and counter terrorism financing compliance program for the Life Insurance and Broker-Dealer businesses, as well as support the shared services functions (HR, CFO, Vendor Management and Fraud).

Oversee and provide guidance to the first-line of defense Insurance and Broker Dealer businesses and shared services on KYC, new products and other AML and Sanctions-related Policies.

Provide expert AML and Sanctions risk management direction and guidance as critical second line of defense.  Perform risk assessments (annual) as well as ad hoc new activity risk reviews.

Represent USAA in BSA/AML regulatory examinations for the Insurance and Broker Dealer legal entities.

Represent the AML program with the boards of directors and senior management committees of the Insurance and Broker Dealer businesses. 

Develop, maintain and deliver quality AML training

Minimum Qualifications

  • Bachelor's degree required. (4 additional years of related experience beyond the minimum required may be substituted in lieu of a degree.)
  • 10 or more years of progressive related experience in the financial or insurance industry preferably in AML, Compliance, Legal or internal audit leading and/or advising on an AML compliance program to include expert knowledge of and demonstrated expertise in AML regulatory requirements in the broker dealer and insurance industries
  • 4 or more years of people leadership experience in building, managing and/or developing high-performing teams required.
  • Experience collaborating with key resources and stakeholders, influencing decisions and managing work to achieve strategic goals required to include an established track record of regulatory interactions
  • Executive-level business acumen in the areas of business operations, industry practices and emerging trends required to include critical and strategic thinking ability and understanding of AML risk management principles

Preferred Qualifications

  • 10+ years’ experience supporting insurance functions at a complex financial institution (Property & Casualty, Life Insurance, and/or Annuities)
  • 10+ years’ experience in the financial services or broker dealer industry in AML, Compliance, Legal or Internal Audit leading and providing advice on AML risks
  • CAMS, CAFP, CRCM, or relevant certification.
  • Proven experience working with Senior Management and influencing in a matrix environment.
  • Advanced degree, MBA or JD