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Head of OFAC & BSA (Mandarin)

New YORK, NY | Direct Hire

Post Date: 05/15/2017 Job ID: 11825 Industry: OFAC Manager

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Head of OFAC & BSA 

(Foreign Bank located in Manhattan)

The AML Compliance Officer oversees the Overall operations of the BSA and OFAC process including  transaction monitoring, systems, investigations SAR filings and updating policies and procedures as they  relate to AML/OFAC.


  The AML/OFAC Compliance Officer role is responsible for ensuring the management administration and coordinating the compliance function.

Interact with regulators and auditors in areas of responsibility.

Conduct investigations, inquiries of Head Office and write SAR’ s as necessary

Serve as a member of the Branch Compliance Committee

Provide and maintain a compliant working environment by adhering to all laws, regulations and ethical standards and to lead by example

  Keep up with changing regulations in AML and OFAC necessary in the completion of tasks

  The position has broad latitude in the writing and implementation of any new or changes to AML/OFAC regulations.

  Incumbent must keep up with current events as they relate to Laws and Regulations. This can be achieved through outside training as well as direct updates from regulatory agencies.

  Informs Chief Compliance Officer of any potential regulatory compliance shortfalls within the program.

  Opines on any new regulatory pronouncements or changes and impact they may have on the Branch or Bank.

  Files timely SAR reports

  Assist with the annual regulatory examinations

  Manages AML/OFAC projects

Assists the Chief Compliance Officer in the carrying out of his/her duties

Performs other compliance related duties as required

Related Skills 

  Familiarity with U.S. Laws and Regulations

  Superior written and verbal skills in order to communicate with senior management and staff

  Able to provide training to staff

  Able to comprehend changes to laws and regulations including reporting impact of changes to senior management

  Must be computer literate especially using Word, Excel and PowerPoint

  Ability to read, write and interact with Head Office. 

Education/Experience Requirements:

BS or BA degree with at least 5 years in the field of regulatory compliance preferably in a U.S. branch of a foreign bank

Certification as an Anti-money laundering specialist

Project Management skills

Ability to read, write and understand Mandarin a plus.


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Len Adams

Len Adams is Chief Executive Officer and Founder of Adams Consulting Group/ACG Resources. He has a 40-year record of achievement in meeting the Talent Acquisition (Executive Search, Staffing and Consulting) needs of many prestigious corporations, software companies, banks, and financial services institutions – locally, nationally and internationally. Along with the entire team, Len is committed to ensuring that ACG consistently provides clients and candidates with the highest quality of service possible in the Search and Staffing Industry. As a career Certified Personnel Consultant, previously with The KPA Group/Kling Personnel, Adams is an accomplished lecturer at the university and secondary school levels on various subjects relating to career planning, business ethics, recruiting and personnel consulting. Various publications including The New York Times, American Banker, and the National Business Employment Weekly, often quote Adams as a noted authority on compensation levels in the financial services industry. Past Chair, Human Resource Committee, International Financial Services Association (formerly USCIB) Founding Member/President, International Business Group, Inc. Past Member of Board of Directors, Association of Personnel Consultants of New York Past Chair, Human Resource Committee, APCNY BPS Business, Pace University of New York (Concentration in Management/Law/Marketing) Member, American Staffing Association and National Association of Personnel Services

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