AML / OFAC Compliance Officer / Advisory (Financial Security)
Job description
Business type
Types of Jobs - Compliance / Financial Security
Job title
AML / OFAC Compliance Officer / Advisory (Financial Security)
Contract type
Permanent Contract
Job summary
Summary:
This position is placed within the Advisory group of the Financial Security team. The position's main responsibilities are centered on the following: reviewing and validating high risk KYC files, and providing AML and/or sanctions related guidance to the Bank's staff on proposed transactions. He/she is expected to have knowledge of current anti-money laundering regulations, policies and requirements as per the Bank Secrecy Act, and the USA Patriot Act.
Key Responsibilities:
• Review and validation of High Risk KYC files to ensure completeness and compliance with Bank policies and Regulatory Requirements.
• Review and issue regulatory guidance to Bank staff on proposed activities and transactions.
• Review daily transactions to ensure that all activity is in compliance w/ current BSA/AML regulatory standards.
• Review of daily reports and reconciliations of all daily transaction and customer uploads within compliance databases.
• Assist with the analysis of updates in regulations and/or policies to ensure that the Bank is compliant with US regulations, as well as the Bank's policies and procedures.
• Assist with the implementation of any new requirements that come as a result of new regulations or policies and procedures.
• Provide guidance to Front Office and Support staff on AML specific queries concerning proposed customers and/or transactions.
• Assist with analysis of data for the Bank's BSA/AML and OFAC Risk Assessments.
Key Internal Contacts: The employee will most likely interact on a regular basis with the Client On Boarding group, Front Office personnel, Head Office Compliance personnel, and IT support.
Key External Contacts: The employee may have occasion to interact with external auditors and/or regulators during exams.
Salary Range: $120K - $150K
LI-DNI
Position location
Geographical area
America, United States Of America
City
NEW YORK
Candidate criteria
Minimal education level
Bachelor Degree / BSc Degree or equivalent
Academic qualification / Speciality
Education Essential: College Degree
Level of minimal experience
6-10 years
Experience
Experience Essential: 5-10 years
Required skills
Specialist Training Desirable: CAMS Certification
Competencies Essential: Knowledge of US AML and OFAC regulation
Competencies Desirable: Knowledge of International AML and Sanctions regulations
Skills and Knowledge Essential: IT Knowledge of Payment systems; IT Knowledge of AML tools
