Overview
Senior Compliance Governance Analyst/Officer
Foreign Bank NYC
In Office
Serves as a focal point for the bank’s initiatives to establish and sustain strong regulatory compliance controls. This role is part of the Second of Line defense and is covers both BSA/AML/OFAC and non-BSA- AML-OFAC Regulatory Compliance.
- Accountable for job performance actions, which includes decision(s) impacting position responsibilities conforming to the bank’s risk appetite and tolerance levels as articulated in the bank’s Risk Appetite & Tolerance Framework, mitigating violations or breaches to the bank’s risk appetite in the exercise of their empowerment and the achievement of desired job performance outcomes as directed by Management.
- Responsible for executing plans and governance mechanisms to achieve required outcomes of firm level Regulatory, Policy and Compliance transformation programs.
- Responsible for executing a risk management framework and process for ensuring compliance with the bank’s BSA/AML/OFAC policies/standards and processes.
- Responsible for ensuring BSA/AML/OFAC and regulatory compliance policies, procedures and processes are reviewed and updated on a regular basis. Develops, edits, and updates all assigned procedures, processes, and resources ensuring accuracy, consistency, clarity, and effectiveness.
- Supports the Head of Compliance Governance in the coordination of branch-wide consistent adherence to the implemented Policy and Procedure Governance Program.
- Determine whether new procedures or processes will require additional training needs for employees.
- Supports the Head of Compliance Governance in the review, interpretation and dissemination of new Regulations and Guidance and, conduct gap assessment of bank existing policies to identify scope for enhancing same.
- Oversee the RFI (Request for Information) management process to ensure that RFIs are properly actioned by the Financial Investigations Unit (FIU) in line with bank processes and procedures. Develop and circulate MIS reports on RFIs.
- Facilitate remediation of Internal Control observations and Audit findings pertaining to BSA/AML/OFAC and Regulatory Compliance working in collaboration with the BSA Officer and Head of Compliance Governance to ensure the root cause and appropriate corrective actions are identified and take ownership to ensure timely execution of corrective actions.
- Conduct Regulatory and BSA/AML/OFAC risk assessments and risk-based testing of regulatory risk controls.
- Conduct Regulatory Compliance Matrix
- Participate in ad-hoc projects such as new system implementation, system model validation etc. Responsible for BSA/AML/OFAC project management responsibilities.
- Support the Head of Compliance Governance in responding to audit and regulatory requests for information and during audits/examinations.
- Act as back up to Head of Compliance Governance and other departmental staff while on holiday.
- 10+ years of Regulatory and BSA/AML/OFAC Compliance experience in a financial Services organization, with emphasis on BSA/AML and sanctions compliance experience
- Strong knowledge and understanding of BSA, AML, OFAC, FinCEN, and the USA PATRIOT Act laws and regulations.
- Experience in the implementation of Compliance programs as well as corrective action plan management and Audit readiness
- Understanding of Regulatory/Policy Compliance and Compliance Risk Frameworks in a Financial Services environment
- Understanding and ability to interact across three lines of defense in support of Regulatory and Policy compliance, as well as compliance monitoring and audit readiness.
- Bachelor’s degree required.
- ACAMS certification and membership.
Salary:
Depending on experience & skill
($80,000 – $140,000)
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Job Type:Full Time
