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Wire Room Compliance Officer
Ref No.: 18-05537
Location: New York City, New York
Position Type:Contract
Wire Room Compliance Officer

Major Responsibilities:
  • Responsible for the compliance oversight of the daily operations of the bank's branches wire transfer systems.
  • Reviews and maintains records of wire transfer to ensure accurate processing.
  • Provide quality, accuracy and timely customer service involving daily processing for financial transactions in a fast-paced, time sensitive operations environment, which includes the duties and responsibilities described herein.
  • Process all incoming wire transfers according to set policies and procedures.
  • Analyze outgoing wire requests to determine if they are in strict compliance with policies and procedures.
  • Reports to BSA Officer and CCO concerning Wire Room Regulatory Compliance Issues.
  • Review the purpose of the wire transfer and consider if is reasonable to effectively eliminate potential fraud/suspicious situations.
  • Monitor and escalate anomalies and areas of notable deficiencies concerning wire room compliance.
  • Assist BSA Compliance Officer to ensure that the branch's BSA/AML procedures, manuals, trainings and programs are kept current and relevant for wire room operations.
  • Communicate effectively with internal and external partners.

Skills, Competencies, and Experience Needed:
  • MANDATORY EXPERIENCE WITH DAILY WIRE ROOM OPERATIONS.
  • MANDATORY EXPERIENCE WITH AML REGULATIONS AND REQUIREMENTS.
  • Advanced Excel Skills and Data analysis skills are required.
  • Knowledgeable with nested banking, correspondent banking, US Dollar Clearing, and overseas wire products.
  • Experience with payment processing, check processing, ACH, EFT, Fedwire, CHIPS, SWIFT.
  • Excellent communication skills and ability to provide feedback and advise business on AML compliance for wire room operations.
  • Leadership skills and the ability to change roles as needed.
  • Bachelor's degree (Master's Degree preferred)
  • Preferred CAMS certification.
  • Experienced of work experience within a financial institution, regulatory organization, or legal/consulting firm, or a combination of with at least 3-5 years' experience working in an AML and/or Sanctions compliance function
  • Thorough knowledge of and experience with AML regulations and requirements, including the Bank Secrecy Act, The USA PATRIOT Act, FFIEC BSA/AML Exam Manual guidelines, OFAC/Economic Sanctions and Suspicious Activity Reporting.
  • Strong attention to detail, communication, collaboration, and organizational skills are required as well as the ability to prioritize workloads and deliver results in a time-sensitive environment.
  • Effective oral and written interpersonal communication skills