Banking / Financial

Valley National Bank Promotes Jennifer Yager

Wayne-based Valley National Bank, the wholly-owned subsidiary of Valley National Bancorp, announced the promotion of Jennifer Yager to senior vice president, AML director/BSA pfficer.

Yager joined Valley’s AML Compliance department in 2005 and has served as the assistant AML director for the past several years.  Prior to joining Valley, she served as an intelligence research specialist for the NY/NJ High Intensity Financial Crime Area (HIFCA) and as a BSA specialist at a large financial institution.  Over her tenure, she has been responsible for managing a diverse range of AML investigative and OFAC sanctions compliance initiatives, including most recently the implementation of FinCEN’s new Customer Due Diligence Rule and system upgrade.  Throughout her career she has worked closely with Valley associates on a variety of AML compliance efforts, has spearheaded several AML/BSA/OFAC due diligence reviews of institutions the bank has sought to acquire, and has demonstrated an unrivaled dedication to ensuring a sound AML/BSA/OFAC compliance program.

“Jennifer’s experience and leadership have had a profound impact on our AML/BSA compliance efforts,” remarked Melissa Scofield, executive vice president and chief risk officer.  “She has a remarkable track record and is highly respected by her peers.  We are proud to recognize her efforts with this promotion and remain confident that she will continue to excel in this important leadership role.”

Yager received a Bachelor of Arts Degree in Psychology and Communications from Muhlenberg College in Allentown, Pennsylvania and maintains her Certified Anti-Money Laundering Specialist (CAMs) designation.

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