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Compliance Officer - AML Operations
Ref No.: 18-03189
Location: New York, New York
Position Type:Full Time
The NY Branch of a foreign bank is looking for Senior Compliance Officer – AML Operations. The Senior Compliance Officer – AML Operations is going to be overseeing the day to day aspects of the OFAC, BSA/AML operations, including coordinating deadlines and managing the day-to-day workload of the unit and assigning job duties within the area, to ensure timely completion of assignments and duties. The Senior Compliance Officer – AML Operations will:
  • Assist with writing and maintenance of policies and procedures
  • Manage the tuning and calibration efforts of the AML transaction monitoring software in concert with the BSA/AML Officer and/or BSA/AML Deputy
  • Develop, administer and maintain quality assurance policies and procedures for application to various OFAC, BSA/AML functions
  • Create solid metrics to measure and report Program effectiveness
  • Analyze MIS to ensure Units efficiency and accuracy
  • Ensure adherence to all internal policies and procedures and applicable banking laws and regulations, including, but not limited to, Bank Secrecy Act, USA Patriot Act, and OFAC
  • Review, recommend, and assist in the implementation of new methods, processes and procedures to make daily operations more efficient
  • Develop and manage a database designed to compile tracking reports indicating trend analysis and demographics of potential money laundering/terrorist financing activity
  • Assist in the coordination of audit/examination preparation and assist with remediation efforts, as necessary
  • Assist the BSA/AML Officer and/or Deputy in providing proactive strategic and tactical leadership for OFAC, BSA/AML initiatives
  • Oversee the day to day aspects of the OFAC, BSA/AML operations, including coordinating deadlines and managing the day-to-day workload of the unit and assigning job duties within the area, to ensure timely completion of assignments and duties
  • Complete quarterly and annual staff evaluations
  • Ensure staff development through training and coaching
  • Accept special projects as assigned
  • Minimum of a Bachelor's degree
  • At least five (5) years of relevant business experience in risk management, financial crimes, or compliance
  • Depth and breadth of knowledge in: banking products, services, systems and work flows, transaction processing and record keeping; applicable regulations, especially the Bank Secrecy Act as amended by the USA PATRIOT Act; and financial crime typologies including terrorist financing
  • Demonstrated ability to think conceptually; perform analyses to reach meaningful conclusions; work independently; effectively deal with ambiguity; and complete assignments efficiently and timely
  • Excellent communication skills, both written and verbal
  • Problem solving and logical analysis of complex issues
  • Project management skills with strong organizational ability
  • CAMS (Certified Anti Money Laundering Specialist) or similar designation preferred