AML​/OFAC Compliance Officer​/Advisory; Financial Security), Vice President

AML / OFAC Compliance Officer / Advisory (Financial Security), Vice President

Base pay range: $/yr - $/yr

Summary

This position is placed within the Advisory group of the Financial Security team. The main responsibilities are centered on reviewing and validating high risk KYC files, and providing AML and/or sanctions related guidance to the Bank’s staff on proposed transactions. The candidate 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 with 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.

Management and Reporting

The position reports directly to the Head of AML/OFAC Compliance.

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.

Experience Essential

• 5-10 years
• CAMS Certification
• Knowledge of US AML and OFAC regulation

Desired Competencies

• Knowledge of International AML and Sanctions regulations

Required Skills

• IT Knowledge of Payment systems; IT Knowledge of AML tools

Seniority level

Mid-Senior level

Employment type

Full-time

Job function

Other

Benefits

• Medical insurance
• Child care support
• Vision insurance
• Paid maternity leave
• 401(k)
• Paid paternity leave
• Disability insurance